Tag: PCMC

Latest StoriesResidential

Pune property registrations drop 17% in January 2026: Knight Frank

Sure! Here’s a rewritten version of the content: PUNE: In January 2026, Pune saw 14,527 property registrations, yielding ₹609 crore in stamp duty, according to a Knight Frank India report. Although registrations dipped by 17% year-on-year compared to January 2025, stamp duty collections experienced a slower decline of 5%, indicating sustained activity in higher-value transactions. On a month-to-month basis, the city rebounded from the year-end dip, with registrations increasing by 20% and stamp duty collections rising by 37% compared to December 2025, the report highlighted. Properties priced below ₹1 crore remained prevalent, though their market share edged down to 82%…

Latest StoriesRegulatory

Panvel civic body collects ₹167 crore in property tax amnesty

NAVI MUMBAI: The Panvel City Municipal Corporation has recovered ₹167 crore in property tax from 60,082 property owners. With just one day remaining in the amnesty scheme (ending Aug 15), 37,519 owners have taken advantage of a 90% fine exemption, amounting to a total relief of ₹64.8 crore. A protest against the property tax was organized on Wednesday. The amnesty scheme, effective from July 18 to September 20, was divided into four tiers: – 75% rebate for payments made between August 16 and August 31, – 50% discount from September 1 to September 10, – 25% waiver from September 11…

InfrastructureLatest Stories

Pimpri Chinchwad’s month-long drive knocks down 187 illegal buildings

Representative image PUNE: Since July 9, the Pimpri Chinchwad Municipal Corporation (PCMC) has demolished 187 unauthorized structures, totaling 3.35 lakh sq ft, as part of its ongoing anti-encroachment initiative across the city. This includes 98 RCC buildings, 69 tin sheds, and 20 kiosks, according to a senior official from the anti-encroachment department. The civic body’s special operation has primarily targeted under-construction sites to prevent illegal structures from emerging. A senior PCMC official stated, “Initially, we focused on under-construction sites to stop illegal buildings from being built. However, the drive has since been broadened to include unauthorized kiosks on footpaths and…

InfrastructureLatest Stories

IIT Bombay Warns Against Housing Near Taloja MIDC in PCMC Report

NAVI MUMBAI: The Environmental Status Report 2024-25 for the Panvel City Municipal Corporation (PCMC), prepared by IIT-Bombay, indicates that the Maharashtra Pollution Control Board (MPCB) currently does not monitor the water quality of the polluted Taloja and Kasardi rivers because their waters are not utilized for drinking. The report advises against the approval of new housing developments near the dumping ground and the Taloja MIDC area. The report recommends that the civic body adopt waste-to-energy technologies for efficient solid waste management, including bio-methanation plants, biomass gasifiers, and pyrolysis techniques, while raising concerns about sewage disposal. Dr. Abhishek Chakraborty, an assistant…

Latest StoriesRegulatory

Pimpri Chinchwad Q1 FY26 Property Tax Collection Hits ₹522 Crore

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has set a record in property tax collection during the first quarter of the 2025-26 financial year. This accomplishment is largely attributed to the effective utilization of data from its “City Hub for Data Communication” (CHDC) project. In just 90 days, the PCMC collected ₹522 crore in property tax, surpassing 50% of the total tax revenue collected in the previous fiscal year. Last year, the civic body achieved the ₹500-crore milestone only by October. This strong start positions the PCMC to aim for an unprecedented annual collection. During the 2024-25 financial year, the…