Pune
The provision of suggesting civic budget by the citizens in Pune seems to be failing. Pune Municipal Corporation is not able to implement the suggestions, despite having budgetary provisions. The civic body had launched the initiative of citizens’ participation in the preparation of budget in 2007-08. After the launch, it has seen an increase in [...] Continue Reading »
Pune – The cost of two corridors of Pune metro has been revised and is increased by over Rs 2000 crore. It is because the Pune Municipal Corporation (PMC) delayed in approving this metro project in city. The Pune metro rail project will have two phases with two corridors each. Phase I corridors are Pimpri-Chinchwad-Swargate [...] Continue Reading »
Now, citizens in Pune can breathe a sigh of relief. With increasing complaints from citizens of not receiving property tax bills or getting them too late to avail a 10 percent tax rebate, the Pune Municipal Corporation (PMC) has introduced a tool on their website for their ease. Around six lakh properties in Pune come [...] Continue Reading »
With the upcoming Budget for the financial year 2013-14, Pune real estate has many hopes on it. The authorities in the finance ministry have already stepped onto the right path by taking steps to increase liquidity in the system by reducing the cash reserve ratio (CRR) as well as repo rates and bank lending rates [...] Continue Reading »
One of the India’s largest real estate companies maintained privately by Hiranandani brothers is eyeing on new opportunities in the real estate segment for growth. The younger brother, Surendra Hiranandani is now set to launch his first redevelopment project in Mumbai.With this project, it will be an initiation of departure from his company House of [...] Continue Reading »
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 »
One of the most expensive real estate destinations in Pune, Koregaon Park is becoming a sought after realty hub now. Even before in the 1970s, it was a location of choice for bungalows. After the arrival of Osho Commune, the real transformation of the locality happened. It has its own identity, which is very separate [...] Continue Reading »
A city based organisation has demanded the civic body to make road digging details public. Creative Foundation has stated that many people don’t get information about road digging that takes place in their respective areas. Due to the digging of roads and public not knowing about it, residents are suffering a lot. There is a [...] 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 »
Pune Municipal Corporation (PMC) has recently decided to hike property tax by 6%. This will be the first hike after four years. Corporators at PMC standing committee meeting approved the hike for the financial year 2013-14 and it will be applied from April 2013. Earlier, the civic body had proposed to increase property tax by [...] Continue Reading »
