Tag: Pune

InfrastructureLatest Stories

Mahalunge-Maan town plan awaits final approval: PMRDA

PUNE: Seven years after the state government granted initial approval for the Mahalunge–Maan town planning (TP) scheme, the flagship project, which was highlighted during the 2019 Magnetic Maharashtra Investor Summit, is still pending final clearance from the state Urban Development Department (UDD), as reported by a senior PMRDA official. The Pune Metropolitan Region Development Authority (PMRDA) emphasized that while this model scheme remains a priority, delays have arisen due to the necessity of multiple approvals. A senior PMRDA official mentioned, “The scheme is currently under evaluation and is anticipated to receive clearance soon.” These delays come despite previous assurances from…

Latest StoriesRegulatory

Pune civic body bags ₹713 crore from extended property tax amnesty

PUNE: Civic Commissioner Naval Kishore Ram announced on Monday that the property tax amnesty scheme has been extended until February 16. The Pune Municipal Corporation (PMC) reported collecting around ₹713 crore from tax defaulters during the initial two months of the scheme, which originally concluded on January 15. “The response to the scheme was positive. However, election-related factors impacted collections. This extension allows more property owners to take advantage of it,” Ram stated during a press briefing after the Standing Committee meeting. Additionally, Ram noted that the administration is in the final stages of preparing the municipal budget for 2026–27,…

Latest StoriesRegulatory

HC criticizes MHADA for delaying Pune housing society redevelopment

PUNE: The Bombay High Court (HC) has criticized MHADA officials for “overstepping their authority” by misinterpreting the Chief Minister’s (CM) comment regarding a letter from BJP’s Kasba Peth MLA Hemant Rasne. The officials construed it as a stay on the redevelopment of the Sunglory housing cooperative and a proposal for the Nutan housing cooperative in Sadashiv Peth. The bench, comprised of Justice Girish Kulkarni and Justice Aarti Sathe, noted on December 23 the “extra-legal interference” by MLA Rasne, aimed at “pressuring MHADA officials” regarding this matter. The Court ruled that MHADA’s no-objection certificate (NOC) for the Sunglory housing cooperative, issued…

Latest StoriesResidential

Maharashtra CM urged to revoke MOFA changes, restore rights

File photo PUNE: The Akhil Bharatiya Grahak Panchayat has called on Chief Minister Devendra Fadnavis to rigorously implement the provisions of the Maharashtra Ownership of Flats (MOFA) Act. They are demanding the immediate retraction of recent amendments, which they label unjust, anti-consumer, and contrary to the public interest. These changes reportedly provide “legal immunity” to builders by removing criminal liabilities for violations. The organization emphasizes that law enforcement and relevant authorities should take criminal actions against errant builders and reaffirm ownership and conveyance rights for homebuyers throughout Maharashtra. In a comprehensive memorandum directed to the CM on December 31, the…

Latest StoriesResidential

Pune Sees 14,000+ Property Registrations in November 2025

NEW DELHI: In November 2025, Pune’s residential property market saw 14,234 registrations, representing a 6% year-on-year increase. Stamp duty collections also rose by 19% YoY to ₹565 crore, as per the data from Knight Frank India. Compared to the previous month, registrations increased by 12%, and stamp duty collections grew by 7%. From January to November 2025, Pune achieved 173,578 property registrations, marking the strongest performance during the first eleven months in the last four years. The distribution of ticket sizes remained consistent year-on-year. Homes priced below ₹1 crore still dominated, accounting for 85% of total registrations, while those priced…

Latest StoriesRera

MahaRERA’s Recovery Slow; Only 33% of ₹792 Crore Collected

PUNE: Recovery warrants issued by the Maharashtra Real Estate Regulatory Authority (MahaRERA) are being executed slowly across the state, with only one-third of the total amount owed to homebuyers being recovered to date. Recent official data indicates that out of Rs 791.55 crore due across 1,287 complaints, only Rs 262.68 crore has been recovered (approximately 33%). According to district-level data from MahaRERA, Mumbai suburban tops the list with Rs 351.75 crore due but has collected merely Rs 109.71 crore, with 479 complaints recorded. Mumbai city ranks second, recovering Rs 53.11 crore against Rs 104.14 crore from 47 complaints. Pune, also…

InfrastructureLatest Stories

Pune: MIDC Urges Developers to Cut Pollution in Hinjewadi

Representative AI image PUNE: The Maharashtra Industrial Development Corporation (MIDC) has issued notices to real estate developers Reyaansh Logistics, Gera Projects, Godrej Properties, and Pegassus Properties, urging them to mitigate air and sound pollution in the Megapolis area of the Hinjewadi IT park. Local residents have filed multiple complaints with the industrial authority concerning uncovered and overloaded trucks transporting earth and debris, causing dust accumulation on roads. Megapolis is a major residential area within phase III of Hinjewadi, where several developers are actively building projects. This marks the second time MIDC has alerted developers based on residents’ complaints. MIDC executive…

Latest StoriesRegulatory

Pune: PMC to Earn ₹200 Crore Yearly from Building Permits

PUNE: The Pune Municipal Corporation (PMC) anticipates generating around Rs 200 crore annually through building permissions in newly merged areas, following the transfer of authority from the Pune Metropolitan Region Development Authority (PMRDA) to the civic administration. PMC officials mentioned that this revenue boost would alleviate the pressure on civic finances and support infrastructure development in these areas, expediting the implementation of the development plan (DP) approved by the state government in October 2017 for the newly incorporated zones. “The population of the nine villages is estimated to be around 6 lakh, with projections of reaching 8 lakh by 2035.…

IndustryLatest Stories

Pune Land Deal: Parth Pawar’s Firm Seeks Sale Deed Cancellation

PUNE: Amadea Enterprises LLP, co-owned by Parth Pawar, son of Maharashtra’s Deputy Chief Minister Ajit Pawar, has initiated a civil lawsuit against Sheetal Tejwani, the power of attorney holder for the Mundhwa land, in a bid to annul the sale deed. Digvijay Patil, a partner in the firm, filed this suit in a Pune court under Section 31, concerning the cancellation of written documents, including sale deeds or contracts as stated in the Specific Relief Act of 1963. According to court filings, a hearing is set for January 15, 2026. Issues arose concerning the sale of 40 acres of land…

Latest StoriesResidential

One Year Later: No GR on NA Tax Abolition; Housing Societies Seek Clarity

PUNE: Over a year after the state cabinet’s decision to eliminate the non-agricultural (NA) tax in urban regions, cooperative housing societies in Maharashtra still lack clarity due to the absence of an official government resolution (GR). The Maharashtra State Housing Federation has reached out to Chief Minister Devendra Fadnavis and Revenue Minister Chandrashekhar Bawankule, requesting a GR to clarify the situation and organize awareness initiatives for consistent implementation across the board. Without a formal notification, housing societies—particularly those outside gaothan areas—remain uncertain if they are still required to pay the tax, as indicated in their letter. In October 2024, the…