Pune
Sopan Baug, located in Central Pune, is one of the classy residential areas of the city. The area is in proximity to Pune Cantonment area and thereby is a secure place to live. It is also considered to be the best area for residence since it is in the vicinity of the city center, CBDs [...] Continue Reading »
Real estate developers have planned to give rest to the new project launches, instead they prefer to sell the unsold inventory, as this process prevents dropping of price in the declining market. Analysts say developers have realised that launching of new projects could cut down the unsold inventory prices which were launched at higher costs. [...] Continue Reading »
Due to opposition from locals, the Pune Municipal Corporation‘s (PMC) efforts to decentralise garbage processing has halted with the state and civic body failing to acquire land to set up the processing units. A civic official said, the civic body had forwarded 17 land acquisition proposals to the district collector and some were finalised by the state [...] Continue Reading »
In less than three months, Pune Municipal Corporation (PMC) has collected Rs 300 crore as property tax from 3.75 lakh people since April 1, 2012. The property tax department in Pune stated that this milestone could be achieved only due to the tax discount scheme of PMC. The tax discount scheme stated that those who [...] Continue Reading »
India has witnessed a rise in number of NRIs investing on properties. The dollar appreciation has given a further push to demand from NRI’s for investment in residential properties. With the real estate becoming cheaper for NRIs, many seek to invest in residential properties in two-tier cities such as Pune, notes Om Ahuja, CEO – [...] Continue Reading »
ICICI Prudential PMS Real Estate Portfolio has successfully exited its investment from ‘KUL Ecoloch‘ recently. ‘KUL Ecoloch’ is a township project constructed by River View Properties Pvt. Ltd. which is a branch of Kumar Urban Development Limited in Pune. The real estate front had invested Rs 47.5 Cr from which they gained a revenue profit [...] Continue Reading »
The Maharashtra government has given the green signal for the state’s second Metro rail project in Pune after Mumbai. An official of Maharashtra government said that in the first phase, it will connect Ramwadi-Wanaz on an elevated track at a cost of Rs 2,593 crore. Thereafter, in the second phase, around 44 km long, and [...] Continue Reading »
The auditor general (AG) of Pune government has said that the Pune Municipal Corporation (PMC) has failed to collect proper stamp duty from various builders of the city. In their audit report of the slum rehabilitation housing projects in Pune it id found that payment of stamp duty and royalty charges from the contractors had [...] Continue Reading »
Real estate market in Pune has witnessed rapid growth in terms of residential and commercial projects. Now a days, the suburb areas of Pune are growing rapidly. Bavdhan is a place which is witnessing rising demand for residential properties in Pune as it has good connectivity to Mumbai and Pune. The place also has many [...] Continue Reading »
IT and ITES sector is growing in the eastern part of Pune. This growth is helping to raise the demand for residential apartments in Pune along with the commercial properties for retail and hospitality are growing. The main area which is witnessing a sharp rise is Nagar Road. There are other areas, such as Kharadi, [...] Continue Reading »
