Tag: Pune

IndustryLatest Stories

Pune Activists: Scrap Janata Vasahat TDR Proposal, Don’t Pause It

Here’s a rewritten version of your content: — PUNE: Following the state government’s decision to pause the contentious TDR (Transfer of Development Rights) proposal for the Janata Vasahat slum rehabilitation, activists and residents are calling for its complete cancellation. They allege significant irregularities in land classification, inflated valuations, and a transparency deficit that could jeopardize the rights of slum dwellers. The project, valued at Rs750 crore, involves allocating full TDR, representing 100% of the slum area at 1 Floor Space Index (FSI). However, parts of the Janata Vasahat slum are designated in the Pune Municipal Corporation (PMC)’s Development Plan as…

InfrastructureLatest Stories

Pune Residents Demand Action Against Officials for Floodline Builds

Certainly! Here’s a rewritten version of the content: PUNE: Recent flooding along the banks of the Mula and Mutha rivers, particularly in areas like Ekta Nagari and the Rajput slums in Bopodi, has once again underscored the urgent need to clearly define the flood zones. Homeowners who invested in properties decades ago are now anxious about their investments, seeking accountability for permits issued for construction in flood-prone areas. Local inhabitants expressed frustration over conflicting views between local authorities, the irrigation department, and district administration regarding the proper delineation of flood risk areas. Residents argue, “If the flood zones had been…

Latest StoriesRera

MahaRERA Freezes Accounts, Suspends 4,812 Lapsed Projects

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended registrations for 4,812 housing projects statewide since July, freezing their bank accounts because developers failed to update construction progress or request extensions despite multiple reminders. The majority of suspended projects are in major urban areas, with Pune leading at 1,219 suspensions, followed by Thane (535), Raigad (465), Mumbai suburban (438), and Palghar (377). These projects will now be barred from property transactions, and developers could face penalties up to ₹50,000 for non-compliance. This action follows a crackdown initiated in December when MahaRERA identified 10,773 projects lacking updated timelines. “Many developers…

Latest StoriesRegulatory

Pune Developers Violating Water Affidavits Face Legal Action

Representative image PUNE: Divisional Commissioner Chandrakant Pulkundwar has ordered the Pune Municipal Corporation (PMC), the Pimpri Chinchwad Municipal Corporation (PCMC), and the Pune Metropolitan Region Development Authority (PMRDA) to initiate criminal proceedings against developers who do not fulfill their commitments regarding water affidavits submitted during building permit applications. This directive was given in a meeting that included representatives from about 250 housing societies across Pune, Pimpri Chinchwad, and PMRDA regions, where serious concerns about water scarcity were raised. Pulkundwar instructed local bodies to publish all water affidavits from developers on their websites within a week, ensuring these documents are available…

IndustryLatest Stories

Kalpataru Reports ₹49.42 Crore Net Loss in Q1 FY26

NEW DELHI: Realty company Kalpataru Ltd announced a consolidated net loss of Rs 49.42 crore for Q1 of the current fiscal year. In the same period last year, the net loss was Rs 0.69 crore. For the April-June quarter of 2025-26, total income decreased to Rs 456.78 crore from Rs 544.67 crore year-on-year, as per a regulatory filing. Kalpataru Ltd, which recently got listed on stock exchanges, is recognized as a prominent real estate developer in the nation. Published On Aug 14, 2025 at 08:43 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter…

IndustryLatest Stories

Shriram Properties Q1 FY26 Net Profit Jumps 17.93%

NEW DELHI: Shriram Properties has announced a net consolidated profit increase of 17.93% for the quarter ending June 30, 2025. The profit after tax reached ₹20.59 crore in Q1 FY26, compared to ₹17.46 crore in the same quarter last year, according to a filing with the BSE. The company’s net consolidated total income rose to ₹261.54 crore in Q1 FY26, marking a growth of 24.01% from ₹210.90 crore recorded during the equivalent quarter last year. Murali M, chairman and managing director, stated, “Our entry into Pune has been successful, and we are dedicated to further expanding our presence. We are…

CommercialLatest Stories

Eaton Technologies Secures 1.5 Lakh Sq Ft Lease in Pune

Representative image Eaton Technologies, the Indian subsidiary of global intelligent power management firm Eaton Corporation, has secured over 150,000 sq ft of office space in an IT park located in Pune’s Baner area through a 10-year long-term lease. The transaction is expected to incur an estimated rental expense exceeding Rs 250 crore for the duration of the lease, with an option to lease an additional 47,000 sq ft in the same complex. The company is set to establish its Global Capability Center (GCC) at this location. This deal aligns with the increasing trend of multinational corporations committing to large office…

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

Hinjewadi Road Clean-Up Boosts Call for Tighter Transport Rules

PUNE: Maharashtra Industrial Development Corporation (MIDC) officials are set to address the accumulation of mud and debris on roads due to vehicles traveling to and from construction sites in the Megapolis Township area, in response to multiple complaints from Hinjewadi residents. MIDC has directed construction site managers to ensure that vehicles transporting mud or materials are adequately covered and that the wheels are cleaned before leaving the site. MIDC chief engineer Nitin Wankhede informed TOI that while these regulations exist, they are frequently overlooked, leading to ongoing issues. “If everyone abides by the rules, we wouldn’t have a problem,” he…

IndustryLatest Stories

Pune civic body mandates project names in Marathi for developers

Representative image created by AI PUNE: The Pune Municipal Corporation (PMC) has mandated that developers display the names of residential and commercial projects in Marathi. “The central government has granted Marathi the status of a classical language. It’s essential for all projects under PMC’s jurisdiction to prominently feature their names in Marathi,” stated PMC commissioner Naval Kishore Ram in a circular released on Friday. The Maharashtra Navnirman Sena (MNS) advocated for this rule. MNS member Prashant Kanojia remarked, “Many developers have neglected the requirement to display names in Marathi. This new directive from the civic administration will enforce compliance.” Kanojia…