IndustryLatest Stories

Pune Jain Property Row: Sale Nullified, Deed Awaiting Cancellation

PUNE: The Maharashtra charity commissioner has ordered the cancellation of a Jain trust’s prime property sale in Pune to a builder. However, officials report that neither party has approached the Registration and Stamp Department to finalize the cancellation deed. On Tuesday, Jain spiritual leader Acharya Guptinandi Maharaj, who spearheaded the protest against the Seth Hirachand Nemchand Jain hostel property deal between Model Colony trustees and Gokhale Landmarks LLP, threatened to resume the agitation if the deal is not nullified within a few days. The land, which includes a boarding facility for Jain students and the Bhagwan Mahavir temple, is located…

IndustryLatest Stories

Maharashtra Charity Chief Cancels Jain Trust Property Sale

PUNE: On Thursday, the Maharashtra charity commissioner ordered the cancellation of the sale of a prime property in Pune belonging to a Jain trust, following community protests over recent days. This decision was prompted by the construction firm Gokhale Landmarks LLP and the Seth Hirachand Nemchand Digambar Smarak Trust’s request to terminate the sale deed concerning the 3.5-acre property in Model Colony, which includes a boarding facility and a Jain Temple. The charity commissioner has revoked the April 2025 order that permitted the Seth Hirachand Nemchand Digambar Smarak Trust (SHNST) to enter into an agreement with Gokhale Landmarks. According to…

IndustryLatest Stories

Pune: Trust May Cancel Model Colony Deal, Status Quo Until Oct 30

PUNE: Just two days after Vishal Gokhale from Gokhale Landmarks LLP announced plans to withdraw from the contentious land agreement concerning the 3.5-acre property of the Seth Hirachand Nemchand Digambar Jain Boarding Trust, the trustees informed the charity commissioner on Tuesday that they also intend to cancel the deal. In an application submitted to charity commissioner Amogh Kaloti through their attorney Ishan Kolhatkar, the trustees noted that a board meeting had been called on October 27, following Gokhale’s email requesting the cancellation deed. They unanimously agreed to accept the developer’s proposal, emphasizing the importance of community harmony, transparency, public trust,…

IndustryLatest Stories

Pune Builder Requests Jain Trust to Cancel Deal

PUNE: Amid ongoing controversy surrounding the sale of a prominent property owned by a Jain trust in Pune, the involved private builder has formally requested the cancellation of the deal. On Sunday, Vishal Gokhale, a partner at Gokhale Landmarks LLP, sent an email to the Seth Hirachand Nemchand Smarak Trust, notifying the trustees of his intention to withdraw from the transaction and request the cancellation of the sale deed. In his message, he pointed to “numerous false and misleading rumors” circulating publicly that raised questions about the legitimacy of the deal and suggested improper motives. Opponents of the property deal…