Pune
Pune real estate sector is witnessing some renewed interests of private equity players. The reasons may be the uninhibited influx of professionals and a robust local economy, which is relatively less affected by the economic downturn, The developers have also ensured a steady demand for homes and offices in the city. This has helped induce [...] Continue Reading »
The developers in Pune are not deterred by economic slowdown and high interest rates. They are launching a series of projects in high-end, aspirational and affordable housing categories. Mayank Ruia, head of residential business at Phoenix Mills said that the fact that the city is a hub for investment and industry makes it one of [...] Continue Reading »
In 2012 a 1,000 sq ft house which was available at Rs 13,000 for an average monthly rent has now increased its rent to approximate Rs 16,000 per month by the end of 2013.As per data one can estimate an increase of 20 percent in its value and the demand of the locality too. Yerwada [...] Continue Reading »
The company said that the real estate developer Godrej Properties has formed joint venture to develop a residential project at Keshavnagar in Pune. This project will be spread over 43 acres and provide nearly 2.8 million sq ft of saleable area. As mentioned in the agreement, the Godrej Properties will receive 35 percent of the [...] Continue Reading »
Hinjewadi, which is located in the west, is the most active IT hubs of Pune is serving as a workplace for thousands of professionals. It is becoming popular because of its affordable property values and seamless connectivity. As per the data, this area records maximum demand for properties in the budget of Rs 20-40 lakhs [...] Continue Reading »
As stated by Pune Municipal Corporation (PMC), the Zone 1 of Pune Municipal Corporation (PMC) on Friday took actions against illegal constructions in Kalas and Dhanori areas. They also included that residential as well as commercial establishments had made these infringements. In this constrain some illegal constructions spread over 3200 sq ft were demolished. Without [...] Continue Reading »
Recently, the anti-encroachment squad of the Pimpri Chinchwad Municipal Corporation (PCMC) has demolished an unauthorized construction in Akurdi, Pune. Executive engineer Ramdas Tambe supervised the drive; the razed construction had ground plus three floors and covered a total area of 4,500 sq ft as informed by Shirish Poreddy, spokesperson of the PCMC’s engineering department. A [...] Continue Reading »
Sajag Nagrik Manch, a Citizens’ group in Pune, has put a demand to the National Highways Authority of India (NHAI) that toll collection for the 140-km highway stretch between Pune and Satara should be stopped. They believe that as only 60% of the work to widen it to six lanes has been completed the toll [...] Continue Reading »
Illegal constructions spread over 4,000 sq ft in Warje, has been demolished by Pune Municipal Corporation (PMC) on Saturday. According to Civic officials these incorporated residential and commercial establishments. Without permission from the civic administration, the side and front margins were occupied in the premises. The civic administration had acted against encroachments in Ambegaon, Bavdhan [...] Continue Reading »
For property owners in Kharadi in East Pune or Baner in West Pune, there is a good reason to cheer. The rentals in these locations have gone up by 28-31 per cent in the last two years. According to a survey, 82 per cent of home-buyers consider investing and staying near their work place or [...] Continue Reading »
