Pune
The Pune Municipal Corporation(PMC) has prepared a list of nearly 10,000 property tax defaulters. The defaulters have more than Rs 1 lakh property tax dues per head. The PMC has revealed that it has to recover around Rs 100 crore from these defaulters. The civic administration issued notices to these people and has demanded that [...] Continue Reading »
Luxury homes and the entry of retail and hospitality options have transformed the suburban areas of Puneinto lifestyle locations. Bhugaon, in Mulshi taluka, Pune district, a developing area, speaks the story of real estate potential. The erstwhile pristine place draws demand primarily due to its affordability. In comparison to other suburbs like Kothrud and Bavdhan, [...] Continue Reading »
Western Pune has been one of the most prominent real estate pockets over the years and the Apr-Jun 2012 quarter witnessed a growing preference for localities in West Pune as compared to East Pune. Locals like Wakad, Pimle Saudagar, Kothrud, Aundh, Baner have become most preferred residential locations. Much of the share of credits goes [...] Continue Reading »
The corporators in Pimpri-Chinchwad have demanded that the penalty being charged by the property tax department from citizens for unauthorised constructions after January 2008 be reduced. The PCMC property tax department has started sending notices to the owners of the unauthorised constructions directing them to pay a penalty equivalent to the property tax of the [...] Continue Reading »
Located on the eastern side of Pune, Dhanoriis an upcoming realty destination. Dhanori enjoys accessibility to several places in Pune and is located near the airport. Pune station is around 10-11 kms, too. Due to availability of land, developers increasingly prefer this location. Pride Purple Group has their projects Pride Aashiyana and Park Springs and [...] Continue Reading »
The definition of luxurious house seems to be undergoing changes as more emphasis seems to be on quality of amenities rather than on spaciousness. By designing homes smaller in size and providing all the amenities in the common space without compromising on quality, developers are targeting wider buyer segment and making luxury homes economically viable [...] Continue Reading »
The tax department of the Pune Municipal Corporation (PMC) has launched a drive to recover property tax dues from property holders. The department collected dues worth Rs 5 crore over the last few days. In a press statement issued by the tax department, it has been stated that the department will form 10 squads to recover [...] Continue Reading »
Analysts state that fast growing number of high net worth individuals (HNI) in India have pushed up the demand for luxury apartments. Approximately 40 per cent of the real estate sector caters to their investment portfolio. Rs 1 – 15 crore are witnessing higher demand in the cities such as Gurgaon, Bangalore and Pune. The [...] Continue Reading »
The Gera Pune Market Intelligence Report released recently by Gera Developments has revealed that the price of real estate in June 2012 reached the highest in the last four years. The average price across market in June 2011 was Rs 3,467 per sq ft, which moved up to Rs 3,647 per sq ft in December, [...] Continue Reading »
The past few years have seen buoyant for the real estate sector in Pune. The pace of development has pushed many areas to saturation point, while new destinations have emerged. Talegaon is proving to be one of the good residential property investment destination, especially by investors from Mumbai. While the local demand is for 1 [...] Continue Reading »
