Tag: Pune

InfrastructureLatest Stories

Pune’s PCMC-Nigdi Metro Stretch Hits 50% Completion

PUNE: The civil work on the Nigdi elevated Metro line within the PCMC area has achieved a significant milestone, having reached the halfway point. Launched in August 2024, Maha Metro anticipates completing the remaining 50% of the project within the next 14 months, targeting a finish by December 2026. This 4.5 km Metro extension complements the Swargate to PCMC route, featuring four stations: Chinchwad, Akurdi, Nigdi, and Bhakti-Shakti Chowk. Initially projected for completion in three years (36 months), the goal has been adjusted to finish within 30 months. Officials expressed optimism about meeting this timeline, citing no major land acquisition…

Latest StoriesResidential

Infrastructure Issues Impact Pune’s Affordable Housing Demand

PUNE: A decrease in the availability of affordable housing and challenges related to commuting and access to basic amenities is affecting demand in the city, as reported by industry experts and residents on Tuesday. Many affordable housing projects are situated on the city’s outskirts, including areas like Wagholi, Phursungi, Katraj, Dhanori, Lohegaon, and locations beyond Wakad and Balewadi, extending to Urali Kanchan. Industry experts noted that these locations often experience issues such as power outages, water supply shortages, and poor road conditions. “Many affordable housing projects fail to launch due to these challenges. On the supply side, the government should…

InfrastructureLatest Stories

Pune: PMRDA Halts Two Wagholi Projects Over Drainage Problems

File photo PUNE: A stop-work order from the Pune Metropolitan Regional Development Authority (PMRDA) has provided some relief to residents of Wagholi’s internal Baif Road, who have struggled with sewage around their homes for nearly two years. The order, which took effect on October 9, halts two construction projects in the area and demands that builders submit an alternative development plan within 60 days. This plan must demonstrate a viable strategy for managing future drainage and sewage generated by these buildings. The directive followed several meetings between PMRDA officials, Pune Municipal Corporation (PMC) engineers, builders, and local residents in recent…

IndustryLatest Stories

Mahindra Lifespaces to Redevelop Four Mumbai Societies

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate arm of the Mahindra Group, has been chosen as the preferred partner for redeveloping four residential societies in Malad (West), Mumbai. The project spans approximately 1.65 acres and has a development potential estimated at ₹800 crore. Vimalendra Singh, Chief Business Officer (Residential) at MLDL, stated, “This aligns with our strategy to strengthen our presence in established micromarkets, allowing us to leverage economies of scale and improve project efficiencies.” In a separate regulatory update, the company announced its acquisition of 13.46 acres of land in the prestigious Nande-Mahalunge region of Pune, expected…

IndustryLatest Stories

Kolte-Patil Buys 7.5 Acres in Bhugaon, Pune

NEW DELHI: Pune’s Kolte-Patil Developers has acquired a 7.5-acre land parcel in Bhugaon. The project boasts an estimated saleable area of 1.9 million sq ft, with a gross development value (GDV) of ₹1,400 crore. According to Rajesh Patil, the company’s managing director, “Our entry into Bhugaon aligns with our strategy of providing thoughtfully planned, value-driven developments, driven by increasing demand from improved infrastructure and heightened end-user interest.” Recently, the NCLT in Mumbai greenlit the amalgamation scheme between Kolte-Patil Developers and its wholly owned subsidiary, Kolte-Patil Integrated Townships. Published On Oct 10, 2025 at 12:00 PM IST Join a community of…

InfrastructureLatest Stories

East Pune Residents Call for Improved Infrastructure

Representative Image PUNE: Residents from eastern Pune areas—Wadgaon Sheri, Wagholi, Lohegaon, and Dhanori—gathered outside the Pune Municipal Corporation (PMC) building on Tuesday to voice their demands for better infrastructure. They approached civic chief Naval Kishore Ram, highlighting years of inadequate facilities that have hindered their daily lives. The community requested a consistent water supply, completion of unfinished roads, enhancements to the drainage system, and improved healthcare services. They also called for the establishment of parks, installation of streetlights, and approval of local development plans. Frustration over civic negligence was palpable among the protesters. “We pay taxes like everyone else, yet…

Latest StoriesResidential

SGRA Chair Calls on Pune Societies to Adopt Mumbai Self-Redevelopment Model

PUNE: Pravin Darekar, chairman of the new Self-Group Redevelopment Authority (SGRA), announced on Sunday that self-redevelopment is increasingly advantageous for property owners. The initiative is gaining traction in Mumbai, and he encouraged more housing societies in Pune to consider it. Speaking to reporters at a seminar hosted by the Pune District Cooperative Housing Societies and Apartments Federation, Darekar highlighted the formation of a dedicated authority to promote self-redevelopment. He noted that the state cooperative bank and various district banks are willing to provide loans for such initiatives. “Many private builders are obtaining loans at very high rates from private banks.…

InfrastructureLatest Stories

Pune: Undri Blaze Fire Safety System Audit & Maintenance

PUNE: Chief Fire Officer of Pune Municipal Corporation, Devendra Potphode, announced an investigation into the failure of firefighting equipment in the Undri high-rise, following a tragic incident that resulted in a teenager’s death and injuries to eight others during a fire. Potphode emphasized that society managements are required to conduct fire safety audits with licensed agencies at least twice a year. If they fail to do so, they bear the responsibility for any accidents. “As stipulated in Section 3 of the Fire Act, it is the owner’s or occupier’s duty to ensure the firefighting system is operational 24/7. Residents should…

Latest StoriesResidential

Pune: Lokmanyanagar Residents Divided on Development Plan

PUNE: Following opposition from a group of residents in Lokmanyanagar against a cluster development proposal along Shastri Road, another faction, represented by the Lokmanyanagar Rahivasi Sangh, has voiced its support, claiming it will contribute to the overall development of the area. During a press interaction on Thursday, these residents expressed their perspectives on the redevelopment of aging buildings. This issue gained attention after the state government halted redevelopment plans upon receiving a letter from local MLA Hemant Rasane advocating for cluster development. “Various media outlets have spotlighted this issue, leading to perceptions of irregularities tied to redevelopment and political maneuvers.…

IndustryLatest Stories

Arnya Launches ₹1,000 Crore Mumbai, Pune Redevelopment Fund

Arnya Real Estate Fund has collaborated with Mumbai-based developer Supreme Universal to establish a platform for a ₹1,000 crore real estate equity fund. This fund will primarily target residential redevelopment projects in Mumbai and Pune. The fund consists of a base corpus of ₹500 crore, with an option to raise an additional ₹500 crore. It aims to facilitate scalable and structured redevelopment initiatives in two of India’s most dynamic housing markets. “Our strategy is to create an investment platform that provides investors with access to redevelopment opportunities. Mumbai’s redevelopment sector offers a scalable and resilient business model within the Indian…