Pune
Total 44,701 property holders in Pimpri Chinchwad availed the benefit of property tax concessions given by the civic body for people who paid their tax for 2011-12 in advance before June 30. The property tax department offers three types of tax concessions to city property holders who pay their tax before June 30. 10% concession [...] Continue Reading »
Costs of houses in Pune are on the rise. They have gone up 16 per cent in the first three months of the current year when compared to the corresponding period of last year. According to a study it is noticed that property prices in Pune region have escalated, reflecting the overall sentiment of the [...] Continue Reading »
In a report by a global property consultancy firm it is came to know that Hyderabad, Chennai and Pune are among the top five cities in the world with the lowest office occupancy cost. Total occupancy cost includes real estate price, infrastructure and efficiency of buildings. Costs have come down in these three cities because [...] Continue Reading »
The property tax department of Pune has started a short message service (SMS) that will inform citizens about their tax dues on their properties at Pune. The municipal commission has declared that those who wish to get details of their dues by text messages should type NI, followed by their property number, and send it [...] Continue Reading »
Panchshil Realty has bought back its stake in three projects from Merrill Lynch and IREO for over Rs 720 Crore. Panchshil realty has acquired 50% stake from IREO Real Estate in two projects – EON SEZ at Kharadi and a high-end residential project at Hadapsar for R480Cr. The third buy back was done in the [...] Continue Reading »
The cost of properties in Pune are going to increase as the Pimpri Chinchwad New Town Development Authority (PCNTDA) has decided to increase the transfer fees and plot selling rates by 10 to 30%. For residential areas, the selling rates would range from Rs 3,660 to Rs6,120 per square meter and for developed sectors from [...] Continue Reading »
Pune has witnessed a consistent real estate market in the last few years and continues to be one of the prime cities for residential investment. A high migrant influx offers a robust market for rental property in Pune. Growth of the industries in Pune has stimulated the growth of the real estate market. The demand [...] Continue Reading »
Real estate in Pune is reported as favored destination amongst Real Estate PE funds since 2005.Most of the funds are based out of Mumbai, which gives Pune obvious preference, as the city’s proximity allows these funds to track and monitor the market. The interest in investing in Pune market is increasing, as it is among [...] Continue Reading »
The President’s post-retirement bungalow in Pune will be utilized by the Indian Army as the President, Pratibha Patil has declared that she will not occupy the bungalow after her retirement. The bungalow is located on two adjacent plots in Khadki Cantonment over an area of 859.61 sqm. The construction of the bungalow is still going [...] Continue Reading »
The Southern Command authorities will construct 1175 apartments in Pune. The apartments will be constructed for the defense personnel. All the apartments will be constructed over a period of three years. The construction of the apartments will be done on the same land where the post-retirement bungalow was constructed for the president of India. As [...] Continue Reading »
