Tag: Pune

IndustryLatest Stories

Lodha Developers reports ₹44.5 billion in Q1 FY26 pre-sales

NEW DELHI: Lodha Developers kicked off FY26 on a positive note, reporting pre-sales of ₹44.5 billion in Q1 FY26, marking a 10% increase year-on-year, despite temporary setbacks from geopolitical tensions early in the quarter. The company is optimistic about meeting its annual pre-sales target of ₹210 billion. During the quarter, collections reached ₹28.8 billion, a 7% growth compared to Q1 FY25. The company anticipates stronger inflows in the latter half of the financial year due to project completions and new launches. Lodha Developers introduced five new projects in Q1 FY26 across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, boasting…

InfrastructureLatest Stories

Pune Residents Alarmed by Neglected Dilapidated Buildings in Camp

AI-generated Representative Image PUNE: Residents of the Camp are voicing serious concerns about the deteriorating conditions of local structures, holding the Pune Cantonment Board accountable for failing to take necessary repair actions. For years, these buildings have remained in a precarious state. Some residents are urging immediate repairs to prevent potential disasters, while activists and long-time inhabitants of Camp criticize the inaction by cantonment authorities. James Paul, former President of the Pune Cantonment Tenants’ Association, commented, “Every monsoon, the board puts out notices for property owners and publishes advisories for precautions. This is a lazy approach. We have repeatedly asked…

InfrastructureLatest Stories

No separate body for merged areas, says Maharashtra minister

PUNE: On Thursday, State Industries Minister Uday Samant stated that there is “no immediate plan” to establish a separate municipal corporation for newly merged areas, as the state government is allocating funds for their development. Samant emphasized that the Pune Municipal Corporation (PMC) is providing sufficient funds for the development of these regions. The drafting of a development plan for the 23 merged areas is currently in progress, with approximately Rs 250 crore assigned for water supply projects and Rs 130 crore allocated for drainage works. PMC has also committed Rs 160 crore towards road development. “The government is dedicated…

InfrastructureLatest Stories

Pune Cuts Water Connections to Dilapidated Wadas

PUNE: The Pune Municipal Corporation (PMC) has begun severing water connections to dilapidated wadas in the peth areas, where occupants are refusing to vacate despite multiple warnings about the unsafe conditions. The PMC has pinpointed 37 such properties for action and has requested police assistance to enforce mandatory evacuations. According to a senior PMC official, notifications have also been sent to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) regarding the electricity connections to these wadas. Data from officials indicate that the PMC and the fire department register about 40-45 cases annually of wadas suffering damage or collapsing, particularly during the…

CommercialLatest Stories

WeWork India Leases 200K sq ft Office in Pune and Chennai

NEW DELHI: WeWork India Management has finalized leases for two new locations: WeWork EON Free Zone in Pune and WeWork Ramanujan Intellion Park in Chennai. The Chennai office occupies three floors within the Littlewood Tower, covering a total area of 150,000 sq ft and accommodating 2,400 desks. In Pune, WeWork has partnered with Panchshil Realty to acquire two floors of workspace spanning 60,000 sq ft, which will house 1,000 desks. Both locations are expected to open in the latter half of FY25. Published On Jun 12, 2025 at 12:30 PM IST Join a community of over 2 million industry professionals.…

CommercialLatest Stories

50,000 sq ft Lease at 315Work Ave to METRO in Pune

NEW DELHI: 315Work Avenue, a provider of co-working spaces, has leased 50,000 sq ft to METRO Global Solutions Center (MGSC) at International Tech Park Pune (ITPP), located in Kharadi. The company now operates six centers across 600,000 sq ft in Pune, offering approximately 12,000 seats. In total, it manages a portfolio of three million sq ft, providing around 60,000 seats across 45 locations in Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. ITPP is a grade-A tech park spanning 2.5 million sq ft, developed by Ascendas-Singbridge. Published On Jun 19, 2025 at 12:01 PM IST Join over 2M industry professionals! Subscribe to…

InfrastructureLatest Stories

Experts: Pune Airport’s Funnel Zone at Risk from Nearby Constructions

PUNE: Experts in civil aviation are urging increased action against rampant illegal construction activities near Lohegaon airport, warning that the safety of flight operations in the funnel zone may be at risk. Following the Pune Municipal Corporation’s recent crackdown on unauthorized buildings near the airport, experts believe that the response has been inadequate and delayed. An anonymous Indian Air Force (IAF) veteran commented that such extensive construction couldn’t occur without some level of collusion. “This is a significant issue that isn’t getting the attention it deserves. The collaboration between law enforcement, builders, politicians, and aviation officials could be contributing to…

IndustryLatest Stories

Pune Extends Property Tax Discount Deadline to July 7

PUNE: The Pune Municipal Corporation (PMC) has extended the deadline for property tax payments at discounted rates to July 7, an extension from the original June 30 deadline. According to PMC officials, citizen facilitation centers (CFCs) are available for residents to pay taxes in person. “We have also launched an online payment facility for taxpayer convenience. Property owners are encouraged to pay their taxes on time to avoid last-minute congestion,” stated Avinash Sapkal, head of the property tax department. The PMC offers property owners a 5-10% discount if taxes are paid by May 31. This year, due to delays in…

Latest StoriesRera

MahaRERA Updates Project Certificate Format for Homebuyers

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has updated its project registration certificates to better inform homebuyers and promote transparency. These revised certificates now present key project information in a clear and concise format. For the first time, the certificate issued during project registration will include essential details such as total built-up area, the number and names of buildings and wings, approved habitable floors, as well as the status of commencement certificates and total parking spaces available for vehicles. These crucial details, including the promoter’s and project’s name and address, are now formatted in bullet points for improved readability,…

Latest StoriesRera

Over 7,000 Complaints Still Pending with MahaRERA

Eight years after its establishment in 2017, Maharashtra’s real estate regulator, MahaRera, is still facing a considerable backlog of unresolved complaints. Out of the 29,374 complaints filed, 7,310 are still pending, leading to calls from homebuyers, legal experts, and activists for quicker resolutions and stricter enforcement of orders. While MahaRera has successfully resolved 21,888 cases and conducts both online and offline hearings, the growing number of unresolved cases has raised concerns among consumer advocates. They emphasize the need for more adjudicating officers and additional regional benches to manage the increasing workload. MahaRera has registered over 50,000 real estate projects—the highest…