Pune
The Marvel Realtors and Developers group which is a Pune-based real estate company has launched the luxury residential hotels called Marvel Basilo in Pune. The project which is located in the vividly green Koregaon park area in the heart of the city is closely located to the airport road and has a fast developing Kharadi [...] Continue Reading »
The Pune District Consumer Disputes Redressal Forum has, in a July 11 order, asked a city developer to pay a compensation amount of up to Rs 10 lakh each to 27 flat-buyers, due to delay in possession of their flats in a housing scheme at Kondhwa. According to the order of the Forum, the developer [...] Continue Reading »
No longer is the Indian real estate sector an unorganised one, thanks to the investments from foreign players and Indian corporate houses. Rapid urbanisation, increasing levels of income and opening up of the sector to FDI have resulted in phenomenal growth of the Indian market. The multiplier effect of the real estate sector is what [...] Continue Reading »
The government is considering a proposal to sell off the real estate owned by the sick public sector companies in Mumbai, Kolkata, Pune and Ahmedabad to state-owned National Buildings and Construction Corporation (NBCC Ltd). The government wants to sell off the housing dwellings owned by these loss making units before selling off the chronically loss-making [...] Continue Reading »
The Modinomics has spread a positive vibe post the budget session and the ripples are to be seen everywhere. Embassy Office Parks, a joint venture between private equity firm Blackstone Group and office space developer Embassy Group, is in advanced talks to acquire three large IT parks spread over two million square feet each in [...] Continue Reading »
Building projects in Pune may be delayed because of a recent decision by the Pune Municipal Corporation (PMC) to ban all construction activity in the city till the revival of monsoon and a resultant improvement in water situation. The decision by the PMC to stall construction activity to deal with water crisis may lead to [...] Continue Reading »
An e-registration project for registering properties is set to be launched by Inspector General of Registration and Controller of Stamps (IGR) in Pune. The project is scheduled to be lunched on Thursday, July 10, by Balasaheb Thorat – Maharashtra’s Revenue Minister – at Nanded city project. About the launch of online registration project for property [...] Continue Reading »
Infrastructure Development Finance Corporation (IDFC)’s private equity arm – IDFC Alternatives Ltd – is apparently looking to sell two of its IT parks for Rs 1,100 crore. According to the details shared by two anonymous sources aware of the proceedings, the IT parks which IDFC Alternatives Ltd is looking to sell are two of the [...] Continue Reading »
On Saturday, Maharashtra’s Revenue Minister Balasaheb Thorat handed over the letter of land transfer – for setting up an independent sub-centre of Pune University – to V B Gaikwad, Pune University’s officiating vice-chancellor. The land for the sub-centre is located at Shivnai in Dindori. Pune University had sanctioned an amount of Rs 5.50 crore for [...] Continue Reading »
In a demolition drive carried out on Friday, Pune Municipal Corporation (PMC) demolished three illegal buildings in Katraj. The buildings razed by PMC were spread over an area of approximately 8,500 sq ft. The latest demolition drive by PMC comes after an anti-encroachment action which the civic administration initiated at the beginning of this fiscal [...] Continue Reading »
