Tag: Pune

Latest StoriesResidential

Citizens Demand End to Pune’s Tax Defaulter Amnesty Scheme

PUNE: Various citizen groups are calling for the cancellation of the proposed amnesty scheme designed for property tax defaulters, arguing that earlier implementations have proven ineffective. The Pune Municipal Corporation (PMC) initiated this amnesty scheme for the 2020-2021 fiscal year, intending to offer tax defaulters discounts upon settling their dues. The scheme was later reintroduced for the 2021-2022 fiscal year. Vivek Velankar from Sajag Nagrik Manch, a citizens’ organization, stated, “The recurring launch of such schemes sends the wrong message to responsible taxpayers. Many who utilized the benefits ended up defaulting on taxes again, resulting in a revenue loss for…

InfrastructureLatest Stories

Finish Pune Metro Line III stations by March 2026: CM to PMRDA

PUNE: On Monday, Chief Minister Devendra Fadnavis instructed the Pune Metropolitan Region Development Authority (PMRDA) and its concessionaire to accelerate the completion of the remaining 13 stations of the 23km Hinjewadi–Shivajinagar Metro Line 3, aiming to meet the completion deadline of March 2026. Currently, only 10 of the planned 23 stations have been completed. This directive was issued during a review meeting where Fadnavis evaluated 36 key infrastructure projects across Mumbai, Pune, and Thane. He also directed the revenue department to expedite the transfer of 5 acres of land in Yerawada, which is critical for the viability gap funding of…

Latest StoriesRegulatory

Maharashtra Eases Land Rules Restricted by Fragmentation Act

NAGPUR: The Maharashtra government has taken a significant step in land reform by officially regularizing numerous land parcels previously constrained under the Fragmentation and Consolidation of Holdings Act, 1947. This change is expected to benefit nearly 20 million citizens. Revenue Minister Chandrashekhar Bawankule announced the implementation of this long-awaited amendment following the issuance of a government gazette notification on Tuesday. Describing it as a momentous and citizen-focused reform, Bawankule stated, “Approximately 4.9 million landholders—representing around 20 million family members—will now have their names officially listed on 7/12 land extracts. This decision resolves decades of confusion and challenges posed by antiquated…

IndustryLatest Stories

Maharashtra Charity Chief Cancels Jain Trust Property Sale

PUNE: On Thursday, the Maharashtra charity commissioner ordered the cancellation of the sale of a prime property in Pune belonging to a Jain trust, following community protests over recent days. This decision was prompted by the construction firm Gokhale Landmarks LLP and the Seth Hirachand Nemchand Digambar Smarak Trust’s request to terminate the sale deed concerning the 3.5-acre property in Model Colony, which includes a boarding facility and a Jain Temple. The charity commissioner has revoked the April 2025 order that permitted the Seth Hirachand Nemchand Digambar Smarak Trust (SHNST) to enter into an agreement with Gokhale Landmarks. According to…

Latest StoriesResidential

Shriram Properties and Partner to Develop 0.7M Sq Ft in Pune

Sure! Here’s a rewritten version of your content: Representative Image NEW DELHI: Shriram Properties (SPL) has entered a joint development agreement for a residential project spanning 0.7 million sq ft in Hinjewadi, Pune. According to Akshay Murali, Vice President of Business Development at Shriram Properties, “Pune continues to demonstrate strong demand fueled by its robust IT and industrial sectors. We are thrilled to expand our footprint in Pune.” The project will feature 6.5 lakh sq ft of residential apartments, along with retail and commercial spaces, resulting in a total saleable area exceeding seven lakh sq ft. It has an estimated…

IndustryLatest Stories

Pune: Trust May Cancel Model Colony Deal, Status Quo Until Oct 30

PUNE: Just two days after Vishal Gokhale from Gokhale Landmarks LLP announced plans to withdraw from the contentious land agreement concerning the 3.5-acre property of the Seth Hirachand Nemchand Digambar Jain Boarding Trust, the trustees informed the charity commissioner on Tuesday that they also intend to cancel the deal. In an application submitted to charity commissioner Amogh Kaloti through their attorney Ishan Kolhatkar, the trustees noted that a board meeting had been called on October 27, following Gokhale’s email requesting the cancellation deed. They unanimously agreed to accept the developer’s proposal, emphasizing the importance of community harmony, transparency, public trust,…

IndustryLatest Stories

Della Group targets ₹700 crore revenue, ₹450 crore EBITDA by FY27

NEW DELHI: The Della Group expects its revenue to reach around ₹700 crore by FY27, supported by a transformative operational strategy and rapid expansion into its proprietary real estate model. This represents a substantial increase from the ₹200 crore revenue recorded in FY25, mainly derived from its resort operations in Lonavla. The company, led by founder and director Jimmy Mistry, is actively launching a new framework for integrated townships across India. Delivery is structured using a conceptualization, design, development, marketing, sales & operations (CDDMO) model, partnering with land-owning developers. “It’s an asset-light model that enables partners to unlock greater value…

IndustryLatest Stories

Pune Builder Requests Jain Trust to Cancel Deal

PUNE: Amid ongoing controversy surrounding the sale of a prominent property owned by a Jain trust in Pune, the involved private builder has formally requested the cancellation of the deal. On Sunday, Vishal Gokhale, a partner at Gokhale Landmarks LLP, sent an email to the Seth Hirachand Nemchand Smarak Trust, notifying the trustees of his intention to withdraw from the transaction and request the cancellation of the sale deed. In his message, he pointed to “numerous false and misleading rumors” circulating publicly that raised questions about the legitimacy of the deal and suggested improper motives. Opponents of the property deal…

Latest StoriesRegulatory

Khadki Cantonment to Tackle Commercial Use of Public Spaces

PUNE: The Khadki Cantonment Board (KCB) is set to take stringent measures against individuals and organizations exploiting public properties created for the benefit of local residents. This decision comes after a review of properties within the board’s jurisdiction and numerous complaints from residents. In the last ten years, marriage halls, gyms, community centers, and temples have been built on cantonment land with funding from the MLA Local Area Development Scheme. However, officials have noted that these spaces are often managed by private operators for profit, undermining their initial purpose. KCB’s CEO, Manisha Lohia, confirmed the board’s findings. “These facilities were…

IndustryLatest Stories

Pune: Cluster Redevelopment of Wadas Faces Policy and Resident Hurdles

Representative image PUNE: Nearly eight years after its proposal, progress on the cluster development initiative aimed at redeveloping aging wadas and deteriorating buildings in the city has been minimal, according to data from the Pune Municipal Corporation (PMC). The topic has resurfaced due to opposition from residents of Lokmanyanagar, a neighborhood with 52 housing societies and over 800 flats. Many buildings, built in the 1960s, are facing issues like cracked walls, irregular water supply, and inadequate drainage systems. Kasba Peth MLA Hemant Rasane commented, “Many properties are suffering due to a lack of response to cluster development. We should explore…