Tag: Pune

Latest StoriesRera

MahaRERA resolves 5,267 complaints in 10 months, vows timely hearings

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) addressed 5,267 complaints between October 2024 and July 2025, officials announced on Monday. They added that all cases filed by the end of July either received their initial hearings or were scheduled. Homebuyers typically approach the authority over issues such as delayed possession, subpar construction, or missing amenities. To accelerate grievance resolution, MahaRERA chairman Manoj Saunik, along with members Mahesh Pathak and Ravindra Deshpande, has initiated a new protocol where hearings are scheduled within one to two months of a complaint being registered. This represents a significant improvement from past delays that…

Latest StoriesRegulatory

NGT fines developer ₹2.5 crore for Thergaon project issues

PUNE: The National Green Tribunal has ordered a developer to pay ₹2.55 crore in environmental damage compensation to the Maharashtra Pollution Control Board within two months for not obtaining the required environmental clearance for a completed residential project in Thergaon, Pimpri Chinchwad. This ruling was made on September 3, following a 2016 petition by activist Tanaji Gambhire, who alleged that the project—which includes 497 flats and 25 commercial units—was constructed without the mandatory environment clearance (EC) and consent to establish. Gambhire also accused the Pimpri Chinchwad Municipal Corporation of neglecting concerns that part of the construction was located within flood…

InfrastructureLatest Stories

Maharashtra Cabinet Approves Metro, Road Projects for Cities

MUMBAI: On Wednesday, the Maharashtra cabinet approved numerous significant projects, including the Wadala-CSMT-Gateway of India metro line in Mumbai, according to officials. Additional initiatives include a ring metro in Thane, extensions for Pune Metro’s Line-2 and Line-4, and Nagpur Metro Phase-II. The cabinet also authorized loans for these projects, with the state assuming contingent liabilities, as stated by the Chief Minister’s Office. In Pune, approval was given for two new stations, Balajinagar and Bibwewadi, on the Swargate-Katraj metro corridor, alongside relocating the Katraj station, which will require an additional budget of Rs 683.11 crore. The cabinet also endorsed state involvement…

Latest StoriesResidential

Bain Capital, Colive, Sattva Group unveil $100M co-living platform

NEW DELHI: Colive, a co-living platform, has teamed up with Bain Capital and Sattva Group to launch a co-living real estate initiative with an initial investment commitment of at least $100 million. Through this collaboration, Colive has also secured $20 million in funding to support growth and market expansion. The platform aims to acquire land, establish communities, and provide purpose-built rental housing. Colive has successfully completed initial land purchases in Pune and Bengaluru, with approximately 0.5 million sq ft of co-living spaces in development. Published On Sep 4, 2025 at 04:00 PM IST Join our community of over 2 million…

InfrastructureLatest Stories

Consent Secured for 50% of Land for New Purandar Airport

Representative AI image PUNE: The district administration has received letters from nearly half of the farmers whose land is designated for the proposed Purandar airport, just a week into the process. District Collector Jitendra Dudi stated that approximately 1,450 acres out of the revised airport area of 3,000 acres (1,285 hectares) have been approved for acquisition by farmers. “We have consent letters from nearly half of the farmers in the seven impacted villages,” Dudi remarked. Farmers from Pargaon, where most of the land is situated, previously protested vehemently against the project. Officials overseeing land acquisition confirmed that over 1,000 farmers…

IndustryLatest Stories

Maharashtra to Implement Favorable Real Estate Policies

NEW DELHI: Maharashtra is committed to developing infrastructure-related policies, including housing initiatives that adapt to evolving needs, as stated by Meghana Sakore Bordikar, Maharashtra’s Minister of State. She made these remarks during the Naredco 17th National Convention in Delhi. Niranjan Hiranandani, Chairman of Naredco, stressed that the housing and real estate sectors must expand at a minimum rate of 15% annually if India aims to achieve developed-nation status before the 2047 target year. Bordikar did not confirm any plans regarding the reduction of stamp duty in Maharashtra. She noted that while no immediate commitments can be made in that area,…

IndustryLatest Stories

Maharashtra to Set Discounted Property Tax Rate This Week

PUNE: The state government and Pune Municipal Corporation (PMC) officials are set to meet on Wednesday to finalize the future approach regarding property tax implementation at discounted rates in 32 merged areas. Residents from these merged areas are requesting that the state impose property taxes at reduced rates, arguing that the PMC has levied heavy taxes following the integration of these regions into municipal limits. Last year, the state government directed the PMC to levy “twice the property tax rate charged by the grampanchayat before the merger,” in response to citizen demands. However, PMC officials stated they could not comply…

IndustryLatest Stories

Pune Civic Properties at Risk Due to No GPS Mapping

PUNE: The Pune Municipal Corporation’s plan to map its 3,000 properties via GPS to protect them from encroachment remains unfinished even after five years. The initiative was launched in 2021-22, prompted by the discovery that a municipal community hall was being misused for weddings by a former corporator. A contractor was subsequently hired to execute the project, but activists report that it appears to have stalled. Vijay Kumbhar from Surajya Sangharsh Samiti, a citizens’ group, remarked, “The project has not delivered the desired results and seems to have been sidelined, especially as the civic body is initiating another round of…

Latest StoriesResidential

Mundhwa Residents Challenge Slum Rehab Plan in Pune

PUNE: Residents of Sarvodaya Cooperative Housing Society in Mundhwa have raised concerns about their unjust classification as a slum in the 2017 development plan (DP). They argue this mislabeling undermines their housing status and threatens their homes. The residents assert that their society’s land is inaccurately depicted as part of a nearby slum, leading to many being incorrectly identified as slum dwellers. This classification would subject 2 acres and 25 guntha of their land to the Slum Rehabilitation Authority (SRA). A complaint has been lodged with the SRA, and officials have stated that they will investigate the issue if necessary.…

Latest StoriesRera

Linking Property Registration with MahaRERA to Combat Fraud

Representative image created by AI PUNE: The state registration department is set to merge its property registration site with the MahaRERA portal to prevent fraudulent property transactions. This proposal will be discussed in an upcoming meeting with government agency representatives. Senior officials confirmed on Tuesday that this integration will allow sub-registrars to verify project RERA registration numbers in real-time prior to completing any transaction. “We have received approval for this process, which will be initiated following consultations. This move will verify project approvals and title statuses, ensuring that developers are RERA-registered before any property registration,” an official stated. Developer associations…