Tag: Pune

IndustryLatest Stories

Pune Deputy CM Orders Stop-Work Notices to Non-Compliant Builders

PUNE: On Sunday, Deputy Chief Minister and Pune’s guardian minister Ajit Pawar emphasized the need for authorities to contemplate issuing stop-work notices to builders who disregard civic regulations. This statement was made during a review visit to Hadapsar constituency, where he communicated with officials from the Pune Municipal Corporation (PMC) and local residents. In response to citizen complaints regarding poor facilities, subpar road infrastructure, and water shortages in the area, Pawar stated, “Builders need to improve their practices and provide necessary amenities. Authorities must take decisive action against those who act unprofessionally. If building codes are not adhered to, stop-work…

IndustryLatest Stories

MIDC Notifies Three Developers, PMRDA Over Hinjewadi Traffic Issues

The Maharashtra Industrial Development Corporation (MIDC) has issued notices to three developers—Gera Developments, Godrej Properties, and VTP Realty—due to hazardous traffic conditions created on several roads in Hinjewadi Phase-III. Officials reported that vehicles carrying excavated material and ready-mix concrete were leaving muddy residue on the roads, creating dangerously slippery conditions. MIDC Executive Engineer RG Totla mentioned in the notice that this has resulted in four to five two-wheelers slipping on these roads. MIDC has mandated that the developers install tyre wash pits at their construction sites and ensure vehicles are cleaned before entering public roads. Additionally, the developers are required…

InfrastructureLatest Stories

15,000 Land Records in Pune Updated with Heirs’ Names

PUNE: Ramesh Jadhav, a farmer from Baramati, faced concerns about a prolonged wait to update his name in the 7/12 extract—the vital land ownership document—after losing his father last year. Fortunately, he was able to make the necessary changes within weeks and at no cost, thanks to a special initiative launched by the Pune district administration. Pune district has now updated over 15,000 land records, replacing deceased landowners’ names with those of their rightful heirs. This update is part of a broader state initiative initiated earlier this year, identifying 21,017 such cases in the district. Additional Collector Suhas Mapari informed…

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…