Properties in Pune
Pune Municipal Corporation has recently proposed to decrease tax rebate for repairing properties in Pune from 15% to 10%. The charging of 15% tax rebate was first initiated 42 years back. This proposal has been decided for both residential and commercial property owners for repair of their properties and make it 10 percent as per the [...] Continue Reading »
As a good initiative, the Pimpri Chinchwad Municipal Corporation (PCMC) has stopped providing civic services to the unauthorised constructions which are built in its limits after March 31, 2012. The services stopped include water supply, drainage connections and streetlights, among other facilities. The action is being taken on the directives of the municipal commissioner. The [...] Continue Reading »
With the new industrial policy in place, there is no much hope for increasing housing stocks in Pune. Even officials of Maharshtra Industrial Development Corporation (MIDC) have admitted that majority of the SEZs will not have enough land left with to implement the schemes. Even, the realtors have pointed out lack of basic civic infrastructure [...] Continue Reading »
Pune Municipal Corporation (PMC) has been asked by the state government to speed up the metro project work. Earlier, Union government had asked the civic body to expedite the work. The civic body has been asked by the state govt to register the special purpose vehicle (SPV) with immediate effect and submit the proposal of [...] Continue Reading »
Pune Municipal Corporation (PMC) to give faster clearance of building plans of properties in Pune from this year onwards. According to the budget presented by the civic body, PMC expects about 4,000 building permission proposals this year which will fetch a revenue of Rs 699 crore. Compared to last year, where only 1,872 proposals were [...] Continue Reading »
The increase of floor space index (FSI) to 2.5 is still not finalised for redevelopment of residential colonies constructed by the Maharashtra Housing and Area Development Authority (MHADA) in Pune. 2.5 FSI has been granted for Pune and Pimpri-Chinchwad but the rules for the same are yet to be finalised. The Pune division of Mhada [...] Continue Reading »
Pune real estate is growing at a fast pace in recent times. This is because of pleasant climate, peaceful atmosphere, education, career openings and great accessibility to businesses communities worldwide. Also, its proximity to the finance capital of the country has given it an edge from other cities. As per research, the increase in construction [...] Continue Reading »
There have been forecasts that Pune residential real estate is going to boom in 2013. This may be due to high demand of properties from IT/ITeS and manufacturing sector employees. According to property consultancy firm, Jones Lang LaSalle India, investors based in Mumbai and NRIs are looking to invest in a market which has been [...] Continue Reading »
The real estate market has been stable Pune, however, real estate factors like infrastructure development, employment opportunities and and areas like Hinjewadi, Tathawade, Ravet and Wakad have made Pune popular in the real estate market. These areas in Pune have been listed among the 13 top destinations in the country over the next five years [...] Continue Reading »
A three day property exhibition to be held by the Confederation of Real Estate Developers’ Associations of India (CREDAI) at Amanora Town Centre on Kharadi Bypass from October 19. This will be the biggest property exhibition in the city . The three days exhibition will showcase an array of numerous property in and around koregaon Park, Kalyani [...] Continue Reading »
