Pune
Real estate developer City Corporation has tied up with international crystal brand Swarovski for designing its 14-acre township in Pune. The project is called Amanora Gateway Towers I, which would be developed at a cost of Rs 10,000 crore. Swarovski will design crystal applications and lighting products for the township’s fixtures and interiors, Gateway Towers [...] Continue Reading »
Over four lakh flat owners in Maharashtra, who had bought properties between June 20, 2006 and March 31, 2010, may have to pay Value Added Tax (VAT) to the state government. As the state government plans to recover VAT, a trade circular is issued by the Maharashtra sales tax commissioner on August 6. The tax [...] Continue Reading »
The Confederation of Real Estate Developers’ Association of India (Credai), Pune Metro, has opposed state government’s order asking them to pay value added tax (VAT) on flats that were sold between June 2006 and March 2010. The number of flats that were sold during the period in Pune is estimated to be over 1.5 lakh. [...] Continue Reading »
The experts have criticized the new housing regulatory bill in Maharashtra. Under the new housing regulatory bill, not only the developer but even flat buyers can be put behind bars and made to pay a fine if they fail to comply with the housing regulatory authority’s order. Experts feel there is nothing to cheer about [...] Continue Reading »
The SGS Mall has said that the Pune Cantonment Board (PCB) has made an increase of 900 per cent in the annual property tax. Subhash Gulati, CMD, SGS Mall said the mall was paying an annual property tax of Rs 19.54 lakh every year adding that in 2010 the PCB revised the property tax of the mall, increasing it [...] Continue Reading »
The SGS mall in Pune Camp, which was sealed on Tuesday on charge of non-payment of property tax, was opened on Thursday evening, following an order from the district and sessions court here. Principal district and sessions judge Anant Badar ordered the Pune Cantonment Board (PCB) to remove the seals on hearing an appeal filed [...] Continue Reading »
American property mogul Donald Trump‘s maiden real estate project in India is launched in Pune. Developed by Pune-based Panchshil Realty, ‘Trump Towers Pune’ is a residential project, which will mark the entry of the ‘Trump’ brand of luxury into the domestic real-estate market. With approvals ready and construction already started, the project is expected to [...] Continue Reading »
Real estate firm Kumar Urban Development announced that it will invest Rs 250 core to construct shopping complexes in Pune. The plan involves developing 6-7 shopping complexes in Pune which would consist of 450 shops. According to the management sources, the construction would start soon and be completed in the following 18 months. The Pune-based [...] Continue Reading »
A resolution to make rainwater harvesting system mandatory for all new buildings and existing government owned buildings in the city has been approved by the standing committee. The committee also approved the heritage walk proposal. All new buildings in the city must have rainwater harvesting and old buildings owned by the government and civic body [...] Continue Reading »
In order to save water, members of the Confederation of Real Estate Developers Associations of India (Credai), Pune Metro have decided not to use drinking water at construction sites. A circular has been issued to the members informing them about the water crisis resulting from insufficient rainfall along with techniques to save water by Satish [...] Continue Reading »
