Pune
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 real estate private equity arm of Piramal Enterprises, Indiareit Fund Advisors is to invest about Rs 250 crore in two projects in Mumbai and Pune in next one month. One of the projects is a slum project in Mumbai and the other one is a residential project in Pune. The Piramal group is currently [...] Continue Reading »
The draft civic budget which was presented recently with an 8% hike in property tax in Pune for 2013-14 has been opposed by a citizen group in the city. Sajag Nagrik Manch, a citizen group, has opposed the said hike in property tax for properties in Pune. However, the municipal commissioner wants the hike to [...] Continue Reading »
The development plan (DP) in draft mode which has been approved recently is likely to provide floor space index (FSI) benefits to eco-friendly buildings in Pune. The properties in Pune which promote use of wind and solar energy in their schemes are likely to get the advantage. Now, two additional FSI or 50% discount has [...] Continue Reading »
Amidst high demand in properties in Pune main city area, there has been an increasing demand for properties in localities far from hustles and bustles of the city life as well. Ambegaon is one of them. More and more buyers are interested in buying properties in Ambegaon which offers hilly surroundings and generous greenery, and [...] Continue Reading »
Pune Municipal Corporation has recently approved the development plan (DP) for old city areas which was in draft mode for long. The general body of the municipal corporation approved the same after12 hours of discussion and speeches by 53 corporators. It was approved after three long months of getting it. At the end of discussion, [...] Continue Reading »
With the increasing population, there has been an increase in garbage from every area in Pune. So, to keep this in check, the Pune Municipal Corporation (PMC) is planning to increase the number of garbage processing units across the city. With the existing mechanism, PMC is able to process 70% of the city’s garbage and [...] 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 »
