Tag: Pune

Latest StoriesRegulatory

NGT Flags 20 Bungalows in Pune’s Moi Phata for Demolition

PUNE: Almost a year after the Pimpri Chinchwad Municipal Corporation tore down 36 illegal bungalows in Chikhali for flood-line violations, another 20 residential buildings in the Moi Phata area are now under investigation for their proximity to the Indrayani River’s blue flood line. A joint committee established by the National Green Tribunal (NGT) reported, based on a petition from activist Gopal Kachave in 2023, that all 20 structures are positioned along the Ram Zara nullah, a tributary that connects with the Indrayani. The report indicated that the nullah itself is within both blue and red flood lines, raising alarms about…

Latest StoriesResidential

Monsoon Alert: Pune Urges Evacuation of 36 Unsafe Wadas

PUNE: Residents have largely ignored the civic body’s promises of granting tenancy rights via certificates, with many reluctant to vacate crumbling wadas and properties in the city. The Pune Municipal Corporation (PMC) has issued notices to owners and occupants of 36 properties, ordering them to vacate before the rainy season. About ten years ago, the PMC began a unique initiative to issue tenancy certificates to tenants, aiming to mitigate legal disputes between property owners and occupants. However, out of over 15,000 tenants residing in such wadas, only approximately 1,000 certificates have been issued, according to PMC data. Many tenants hesitate…

Latest StoriesRera

MahaRERA Dues Recovery Stalls Despite Efforts by Officers

PUNE: The Maharashtra government’s effort to expedite the recovery of dues for distressed homebuyers is facing significant challenges. Despite assigning dedicated revenue recovery officers in critical districts five months ago, collections have only marginally increased by Rs10 crore. According to data from the Maharashtra Real Estate Regulatory Authority (MahaRERA), total recoveries rose from Rs270 crore in December 2025 to roughly Rs280 crore now. This slow progress continues despite a state mandate urging faster enforcement of recovery warrants. Concerns over the slow pace of recovery are amplified by the scale of the defaults. Since its launch in May 2017, MahaRERA has…

Latest StoriesResidential

20+ Maharashtra housing societies finish online registrations in 2 months

Sure! Here’s a rewritten version of the content: — PUNE: Following the launch of a fully online cooperative society registration system by Maharashtra’s cooperation department two months ago, 23 housing societies in the state have successfully completed the approval process via the Aaple Sarkar portal. This marks a significant transition from the cumbersome paperwork-intensive method that required multiple visits to deputy registrar offices. As of Friday, officials from the state cooperation department informed TOI that the portal has processed 304 applications for society name reservations—the initial step in the registration process. Out of these, 113 applications received approval, while 34…

IndustryLatest Stories

Shriram Properties aims ₹3,750-4,000 crore pre-sales by FY27; Pune set to surpass Chennai

NEW DELHI: Shriram Properties aims for pre-sales between ₹3,750 and ₹4,000 crore in FY27. This strategy includes new launches across Bengaluru, Chennai, Pune, and Kolkata, as the developer seeks to solidify its hold in current markets before expanding further. For FY26, the internal pre-sales target was set at ₹2,750 crore, and the company anticipates support for growth from delayed launches from the previous year. The company is intensifying its focus in Pune, adding around three million sq ft of new projects since its initial launch in the city. Murali Malayappan, Chairman & Managing Director, along with Gopalakrishnan J, Executive Director…

Latest StoriesResidential

Pune Fire Brigade Targets Housing Societies for Safety Issues

PUNE: A recent fire incident in a Pune housing society has triggered a heightened response from the fire brigade, revealing a troubling pattern of negligence in residential complexes across Maharashtra. Following a fire in an electricity meter box on May 18, the Pune Fire Brigade issued an official notice due to several safety violations. The blaze, reportedly ignited by a short circuit, was swiftly extinguished. However, an inspection afterwards uncovered alarming safety non-compliance. The city’s chief fire officer noted that the meter room was obstructed, hindering emergency access. Additionally, the society was found lacking essential firefighting tools, including extinguishers and…

Latest StoriesRegulatory

Pune Police File FIR Against Runwal Group MD in Land Dispute

PUNE: On Thursday, Pune City Police filed an FIR against Subodh Runwal, Managing Director of Runwal Group, and six others, following a court directive linked to a land dispute in Viman Nagar, Pune. The FIR is lodged at Vimantal Police Station against Subodh Runwal, Ashutosh N Navare, Lucy Roy Chowdhury, MB Agarwal, and three others under various sections of the Bharatiya Nyaya Sanhita (BNS), as reported by officials. This action stems from a directive issued by Judicial Magistrate First Class Dr. DR Dornalpalle on May 16 under Section 175(3) of the Bharatiya Nagarik Suraksha Sanhita (BNSS), instructing the police to…

Latest StoriesResidential

Register Rental Agreements Online: Simplify with Maharashtra’s Help

PUNE: The registration department is advising property owners to execute registered leave-and-licence agreements instead of relying on notarized rental agreements. They warn that unregistered agreements could lead to legal complications, particularly during police verifications and tenancy disputes. According to officials, registered online agreements provide stronger legal standing and are seamlessly integrated with police records through the Crime and Criminal Tracking Network and Systems (CCTNS). “Once a leave-and-licence agreement is registered online, tenant details are automatically shared with the police. Property owners do not need to submit them separately,” explained Abhaysinh Mohite, Deputy Inspector General (IT) of the registration department. He…

CommercialLatest Stories

Pune Office Leasing Declines, Rents Rise Amid Supply Shortage

PUNE: Demand for office space in Pune saw a decline in the first quarter (January-March) of 2026, with net absorption dropping to 1.1 million sq. ft. from 2 million sq. ft. in the same period last year, according to Anarock data. Experts believe this decrease stems from the strong leasing activity in 2025, rather than a structural slowdown. P. Vilas, head of operations at Knight Frank India’s Pune branch, mentioned that although leasing has slowed down, Global Capability Centers (GCCs) still play a significant role in driving demand, accounting for 55% of Pune’s office market, well above the 47% average…

IndustryLatest Stories

Kolte-Patil Reports FY26 Net Loss of ₹38.08 Crore

NEW DELHI: Kolte-Patil Developers (KPDL) reported a net consolidated loss after tax of ₹38.08 crore for the financial year 2025-26. This marks a significant decline from a profit after tax of ₹109.33 crore achieved in FY25, according to a filing with the BSE. In FY26, the company’s net consolidated total income was ₹802.50 crore, a decrease of 54.50% from ₹1,763.73 crore in FY25. In Q4 FY26, net consolidated total income fell by 63.75%, totaling ₹262.16 crore, compared to ₹723.20 crore in the same quarter of the prior year. The company reported a loss after tax of ₹66.29 crore for Q4…