Tag: Pune

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…

IndustryLatest Stories

Maharashtra to Get Authority for Redevelopment Oversight

PUNE: The state housing department is expected to soon finalize the establishment of an independent authority similar to MahaRERA, aimed at providing a structured, transparent, and accountable framework for supervising redevelopment projects throughout Maharashtra. Members of the advisory committee stated that the initiative follows comprehensive feedback from housing society federations and associations. Committee chairman Rajendra Mirgane informed TOI that recommendations have already been submitted, and a notification will be issued shortly. The demand for such an authority has escalated, particularly as Maharashtra experiences a rise in redevelopment and self-redevelopment activities. Mirgane explained that this proposed authority will create a systematic…

InfrastructureLatest Stories

Pune fines metro contractor for dumping debris

PUNE: On Thursday, the Pune Municipal Corporation (PMC) imposed a fine of ₹15 lakh on a contractor involved in the Metro rail project (Hinjewadi to Shivajinagar) for allegedly dumping debris on an open plot near Balewadi High Street. “A notice was issued to the contractor today. The fine must be paid within the next two days at the Aundh ward office, and the debris should be removed. Failure to do so will result in legal action,” stated Girish Dapkekar, the Aundh-Baner ward officer. The civic officials reported that a site inspection showed ongoing debris dumping. The administration charged ₹15,000 per…

Latest StoriesRegulatory

Developer, 7 Others Arrested for Selling Mortgaged Flats

PUNE: The Dehu Road police have filed a case against a developer from Malinagar in Dehu and seven accomplices, accused of defrauding eight homebuyers of ₹1.84 crore by selling flats that were already mortgaged to a credit society. A complaint was lodged by one of the flat owners with the Dehu Road police against the developer and his associates. An officer stated that the complainant and seven others purchased flats within the housing complex in Malinagar between 2021 and 2023. The scam was uncovered in May 2025 when other residents alerted the complainant that the developer had secured a loan…

Latest StoriesRegulatory

Builders’ Office E-Registration Gains Popularity in Maharashtra

PUNE: On Tuesday, state property registration officials announced that the online registration process for first-sale properties from builders has gained popularity since its launch two years ago, decreasing the load on sub-registrar offices. Nearly 700 developers have joined the platform. As of September 2023, over 11,000 property documents have been registered online from developer offices, with 3,974 registered in the current financial year, as per departmental data. DIG (IT) Abhay Mohite mentioned that online registrations are expected to increase further during the festive season. “User feedback has been positive. Developer organizations are actively promoting the facility, and we anticipate the…