Tag: Pune

InfrastructureLatest Stories

Maharashtra to Speed Up Land Surveys Using Private Firms

Representative Image NAGPUR: The Maharashtra government has announced a comprehensive revamp of land survey procedures, employing trained and licensed private surveyors in every district. This initiative aims to address the growing backlog and expedite development approvals. Revenue Minister Chandrashekhar Bawankule revealed the decision following a meeting with Chief Minister Devendra Fadnavis. The reform is intended to ensure the “accurate, timely, quality, and transparent” handling of land measurement cases. Consequently, an official government order outlining the operational framework has been issued. Under the revised system, land surveys will adhere to pre-determined schedules, with advance notices issued by the deputy superintendent of…

Latest StoriesRegulatory

Pune civic body falls ₹3,400 crore short of FY26 revenue goal

PUNE: The Pune Municipal Corporation (PMC) reported a total revenue of approximately Rs 9,200 crore for the fiscal year 2025-26, falling short of its Rs 12,600 crore target by nearly Rs 3,400 crore. The primary cause of this revenue deficit came from the building permissions department, which earned only Rs 2,341 crore, compared to its expected Rs 2,853 crore. Civic officials noted that challenges in recovering property taxes from newly merged areas and ongoing legal issues regarding land measurement have significantly hampered building permission grants. Activists criticized the administration for relying on amnesty schemes to boost revenue instead of effectively…

Latest StoriesRera

MahaRERA approves 1,060 housing projects; new ones near 50%

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has approved over 1,060 housing projects statewide, with nearly half of the new registrations, even as developers request extensions on many ongoing projects. Out of the total approvals, 486 projects received registration numbers, while 426 projects were granted timeline extensions based on revised completion plans submitted by developers. Additionally, 148 projects were approved for corrections on previously accepted proposals, indicating a continuous adjustment within the project pipeline. The surge in approvals reflected increased activity in the 18 days leading up to Gudi Padwa, which is traditionally viewed as a favorable time for…

IndustryLatest Stories

Maharashtra Maintains Reckoner Rates for FY27

File Photo NEW DELHI: The Maharashtra government has decided to keep the ready reckoner (RR) rates unchanged for the financial year 2026-27. The Inspector General of Registration and Controller of Stamps announced that the rates, effective from April 1, 2026, will remain at FY26 levels. Revenue Minister Chandrashekhar Bawankule explained that this decision aims to alleviate any additional financial burden on citizens during property transactions. Sukhraj Nahar, President of CREDAI-MCHI, stated, “By not increasing RR rates, the government has ensured vital stability in the real estate sector, preserving project viability and avoiding hikes in statutory premiums and related costs linked…

IndustryLatest Stories

Kirloskar Realty Secures ₹1,150 Cr Loan from ICICI Bank

Kirloskar Industries’ real estate division, Avante Spaces, has secured a ₹1,150 crore term loan from ICICI Bank to support a Grade A office project in Pune’s Kothrud area, showcasing lenders’ ongoing interest in well-established urban developments. The funding for this 1.9 million sq. ft office project is organized in two tranches: ₹1,050 crore and ₹100 crore, with a repayment schedule of 44 months at an annual interest rate of 8%. The company has placed a mortgage on its land and all current and future constructions, securing the loan with approximately 7.25 acres of land across Plots A, C, and D…

IndustryLatest Stories

Pune: Talathi, Officer Block Mutation Plea Due to Lapses

PUNE: The inquiry report on the Mundhwa land issue, led by Vikas Kharge, reveals that local revenue officials, including the talathi and circle officer, initially identified irregularities in the contentious sale and halted the mutation in their records. However, procedural oversights and a lack of notification to higher authorities later compromised scrutiny. The report indicates that approximately 45 acres of government land, identified as survey no. 88 in Mundhwa, was registered on May 20, 2005, at the Haveli sub-registrar’s office in favor of Amadea Enterprises LLP for ₹300 crore, encompassing 17 hectares of land. On May 21, 2005, partner Digvijay…

InfrastructureLatest Stories

Pimpri Chinchwad: Developers Failing to Supply Water to Societies

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has announced strict measures against developers who fail to supply water to housing societies despite previously submitted commitments. Officials noted that in areas with insufficient municipal water supply, builders had guaranteed they would provide water to residents until the municipal infrastructure was fully operational. Unfortunately, many complaints have arisen indicating that these commitments have not been met. The issue was addressed during a meeting at the divisional commissioner’s office, which involved officials from PCMC, Pune Municipal Corporation (PMC), and PMRDA, in relation to a public interest litigation currently pending in the Bombay High…

Latest StoriesResidential

Pune Groups to Urge Police for FIRs Against Builders Violating Water Rules

PUNE: Citizen groups and housing federations in Pune and surrounding areas are planning to file FIRs against developers who have breached water supply affidavits when seeking building permits. The initiative seeks to hold builders accountable for failing to deliver the promised water infrastructure, which has left residents dependent on private tanker services. This decision emerged from a water supply review meeting on Friday, chaired by divisional commissioner Chandrakant Pulkundwar. The meeting was held following directives from the Bombay High Court (PIL 126/2023) aimed at tackling the escalating water crisis in the metropolitan region. Pune Municipal Corporation (PMC) officials confirmed that…

InfrastructureLatest Stories

Pune Links Building Permits to Land Acquisition for Road Widening

PUNE: The Pune Municipal Corporation (PMC) has implemented new regulations aimed at eliminating persistent delays in infrastructure projects by tying building permits to land acquisition for road widening. Under the updated guidelines, developers are required to submit a formal proposal to transfer any land that may be impacted by upcoming road expansions within 15 days of requesting building approval. Importantly, the land must be physically conveyed to the PMC before the construction reaches the plinth level — the base of the structure. This directive was communicated through a circular from the building permission department. “We will strictly monitor this process,”…

InfrastructureLatest Stories

Pune limits construction and excavation to 14 hours daily

PUNE: On Wednesday, the Pune Municipal Corporation (PMC) imposed a restriction on construction activities, limiting them to 14 hours a day due to residents’ concerns over pollution. “With immediate effect, all construction and excavation activities within the municipal limits of Pune will only be allowed from 7 AM to 9 PM,” stated a directive from city engineer Aniruddha Pawaskar. The directive was prompted by an increase in health complaints linked to construction activities. “If valid complaints are received, measures such as ceasing work will be enforced,” he informed TOI. PMC officials added that residents impacted by noise or air pollution…