Tag: Pune

IndustryLatest Stories

Maharashtra Assembly Eases Land Subdivision Rules for 3 Crore Residents

NAGPUR: On Tuesday, the Maharashtra Legislative Assembly approved an amendment bill aimed at simplifying the subdivision of small land plots in urban areas. The government claims this legislation will benefit approximately three crore residents. The Maharashtra Land Revenue Code (Second Amendment) Bill, 2025, introduced by Revenue Minister Chandrashekhar Bawankule, was passed following a debate in the lower house. This legislative change is expected to help around 60 lakh families, or about three crore residents, residing on small ‘gunthewari’ plots (unauthorized divisions of agricultural land for residential use) in urban settings. With this amendment, the processes of buying and selling small…

Latest StoriesResidential

Pune to create guidelines for PGs after resident complaints

Representative AI image PUNE: Concerns have been raised for years regarding the living conditions in numerous abhyasikas and the cramped spaces in the older neighborhoods. Residents expressed these worries to additional municipal commissioner Prithviraj B P during a recent meeting. The increasing student population has further strained local infrastructure. In response, the Pune Municipal Corporation (PMC) has launched a survey of all abhyasikas in the old city and the paying guest system. Guidelines for their operation will be issued. Prithviraj mentioned complaints about illegal parking, abhyasikas functioning in designated parking areas, safety, and hygiene issues due to overcrowded living conditions.…

Latest StoriesResidential

52% of Pune Housing Societies Don’t Have Legal Land Ownership

PUNE: Over half of the cooperative housing societies in the city lack legal ownership of the land they occupy, a significant issue that hinders redevelopment and restricts property rights. According to the state cooperative department, 52%—or 11,956 out of 22,955 registered societies—have not received their conveyance or deemed conveyance deeds. A conveyance deed is the conclusive legal document that transfers land ownership from the developer to the housing society. Without it, these societies cannot update land records, assert complete ownership rights, or start redevelopment projects—an increasingly urgent need for aging buildings in the area. Pune district collector Jitendra Dudi has…

Latest StoriesRegulatory

NGT Stops Pune Project Over Noise and Dust Violations

PUNE: The National Green Tribunal’s Western Zone Bench in Pune has ordered a halt to construction activity at a residential project in Baner after the Maharashtra Pollution Control Board (MPCB) reported several violations concerning dust, noise, and construction waste norms. The tribunal issued this directive while addressing a petition from the Supreme Pallacio Cooperative Housing Society against a real estate LLP, which alleged significant pollution impacting the residents. The residents requested an interim injunction to stop construction until proper measures were taken to manage air pollution. The NGT reviewed the MPCB’s inspection report from July 15, which noted insufficient acoustic…

Latest StoriesRegulatory

Maharashtra Grants Legal Status to Digital Land Records

Representative AI image NAGPUR: On Thursday, the Maharashtra government officially recognized digitally signed 7/12, 8-A, and property card extracts, signifying a significant transformation in the state’s land administration. Revenue Minister Chandrashekhar Bawankule has instructed district collectors to treat these digital land records as legally binding for all governmental bodies, courts, banks, and registration offices, thereby eliminating a process that has long been hindered by bureaucracy, delays, and dependence on manual signatures. Effective immediately, citizens can download certified copies of their land documents online via the Mahabhumi portal for ₹15. These extracts are embedded with a digital signature, a scannable QR…

CommercialLatest Stories

Mindspace REIT Buys Mumbai & Pune Assets for ₹29.2B

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has secured three key central business district properties for ₹29.2 billion from K Raheja Corp. The board of K Raheja Corp Investment Managers, responsible for managing Mindspace REIT, approved the acquisition and a preferential issue of units totaling up to ₹18.2 billion. The company also announced the purchase of Pramaan Properties, which includes 0.45 million sq ft at Ascent – Worli in Mumbai, alongside an office building of 0.1 million sq ft located in Kalyani Nagar, Pune. Additionally, Sundew Real Estate, which owns 0.2 million sq ft at The Square Avenue 98…

InfrastructureLatest Stories

PCMC to unveil red zone map for defense areas next week

Representative AI image PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) is set to release a red zone map within a week, identifying areas where construction is not allowed near the ordnance depot on Dehu Road and the magazine depot in Dighi. This initiative aims to clarify the status for nearly 4,000 property owners in proximity to these defense facilities. The map was submitted to defense authorities on Tuesday for review to ensure sensitive installations are excluded from the public version, according to a senior civic official. “We expect to receive feedback in four to five days, after which the map…

InfrastructureLatest Stories

Cabinet Approves ₹9,858 Crore Expansion for Pune Metro

NEW DELHI: On Wednesday, the government sanctioned the expansion of the Pune Metro rail network with an investment of Rs 9,858 crore, as announced by Information and Broadcasting Minister Ashwini Vaishnaw. The Union Cabinet, led by Prime Minister Narendra Modi, approved Line 4 (Kharadi-Hadapsar-Swargate-Khadakwasla) and Line 4A (Nal Stop-Warje-Manik Baug) as part of Phase-2 of the Pune Metro Rail Project. This marks the second major project under Phase-2, following the approval of Line 2A (Vanaz-Chandani Chowk) and Line 2B (Ramwadi-Wagholi/Vitthalwadi). With this update, the Pune Metro network will surpass the 100-km mark, a key advancement for the city’s push towards…

InfrastructureLatest Stories

Pune: PMRDA Delays Draft Town Plans Amid Villager Opposition

PUNE: The Pune Metropolitan Region Development Authority (PMRDA) has failed to meet its extended deadline for drafting plans for 15 town planning (TP) schemes along the 128-km inner ring road. A senior official indicated that the delay is largely due to ongoing opposition from villagers and unresolved issues concerning the long-delayed Maan–Mhalunge model TP scheme. The official deadline expired on Monday, and PMRDA officials confirmed they could not move forward because local residents were unwilling to relinquish their land. The main obstacle remains the state government’s inaction on the Maan–Mhalunge model TP scheme, which PMRDA initiated years ago. “If the…

CommercialLatest Stories

DAMAC Group Launches New GCC in Noida, Plans Pune Facility

NEW DELHI: The UAE-based DAMAC Group has introduced its new global services division, DAMAC Shared Services India (DSSI), and set up a Global Capability Center (GCC) in Noida. Hussain Sajwani, the company’s founder, remarked, “We are dedicated to developing high-performing teams by 2026, providing superior services to advance DAMAC’s global goals.” The Noida GCC will employ over 250 individuals, with plans to establish another GCC in Pune by 2026, which will have more than 100 staff members. M.P. John, the company’s Chief Human Capital Officer, stated, “We are investing in India’s workforce capabilities and creating a services center that will…