InfrastructureLatest Stories

Maharashtra Approves Land Handover for Mula-Mutha Project

Representative AI image PUNE: The state government approved the transfer of three land plots adjacent to the Mula-Mutha river for the Riverfront Development Project (RFD) on Thursday. A total area of 52,851 sqm will be transferred to the Pune Municipal Corporation (PMC) as per the decision made during a state cabinet meeting. The land parcels comprise an 11,015 sqm section between Sangamwadi Bridge and Bund Garden Bridge, a 34,128 sqm area at the Mundhwa Botanical Garden, and an additional 7,700 sqm plot in the Mundhwa area, currently owned by the Women and Child Welfare Department. Mayor Manjusha Nagpure expressed support…

IndustryLatest Stories

Merlin Group Buys 3.3 Acres Near Pune’s Koregaon Park for ₹273 Cr

Representative Image MUMBAI: The Merlin Group has acquired a 3.26-acre land parcel in the Mundhwa area near Koregaon Park, Pune, for ₹273 crore. Merlin Prime Spaces, a subsidiary of the Kolkata-based property developer, plans to construct a commercial project on this site with a total investment exceeding ₹1,000 crore, which includes the land cost. “We intend to develop an office-led commercial project aimed at banking, financial services, insurance companies, and global capability centers,” stated Saket Mohta, MD of Merlin Group, to RealtyDailyNews. The project is expected to complete by 2030 and could be valued around ₹3,000 crore upon occupation. The…