Real estate in Pune
The Maharashtra government has given the green signal for the state’s second Metro rail project in Pune after Mumbai. An official of Maharashtra government said that in the first phase, it will connect Ramwadi-Wanaz on an elevated track at a cost of Rs 2,593 crore. Thereafter, in the second phase, around 44 km long, and [...] Continue Reading »
The auditor general (AG) of Pune government has said that the Pune Municipal Corporation (PMC) has failed to collect proper stamp duty from various builders of the city. In their audit report of the slum rehabilitation housing projects in Pune it id found that payment of stamp duty and royalty charges from the contractors had [...] Continue Reading »
Real estate in Pune is reported as favored destination amongst Real Estate PE funds since 2005.Most of the funds are based out of Mumbai, which gives Pune obvious preference, as the city’s proximity allows these funds to track and monitor the market. The interest in investing in Pune market is increasing, as it is among [...] Continue Reading »
The Southern Command authorities will construct 1175 apartments in Pune. The apartments will be constructed for the defense personnel. All the apartments will be constructed over a period of three years. The construction of the apartments will be done on the same land where the post-retirement bungalow was constructed for the president of India. As [...] Continue Reading »
Infinite India Investment Management has invested $13 million through its realty fund Infinite India Real Estate Fund in a residential project in Pune. The Pune project will be developed by Kumar Urban Development Ltd. At present the developer is constructing 12 residential project in Pune along with five residential projects in Mumbai. The developer is [...] Continue Reading »
The Inspector General of Registration (IGR) and Controller of Stamps office in Pune has collected Rs 14,500 crore revenue during 2011-12. According to an official of IGR, the revenue collection has increased because of the hike in ready reckoner rates. It is an indication of registration of high-value properties in Pune. Though the amount of [...] Continue Reading »
A recent study related to the rental apartments in Pune has revealed that the cost of rent is increasing in Pune. 16% rise in the rental amount is recorded for the apartments in Kalyaninagar, compared to last year. As the cost of the new apartments are increasing and there is no scope of any reduction, [...] Continue Reading »
The Paranjapee Scheme Realty project in Pune got an investment of Rs40 crore from ASK Property Investment Advisors. The real estate industry in very much confident of the growth of the realty market in Pune. Analyst says that Pune has a stable market and the growth opportunity is increasing due to the growth in the [...] Continue Reading »
The State government’s new policy to provide affordable housing policy will be implemented from April 15, 2012 The state government has made it clear that any project on or above 2000 sqm land, must reserve 20 percent of the space for building affordable houses for the lower income group people. The builders have expressed their [...] Continue Reading »
