Tag: Pune

Latest StoriesResidential

Maharashtra CM urged to revoke MOFA changes, restore rights

File photo PUNE: The Akhil Bharatiya Grahak Panchayat has called on Chief Minister Devendra Fadnavis to rigorously implement the provisions of the Maharashtra Ownership of Flats (MOFA) Act. They are demanding the immediate retraction of recent amendments, which they label unjust, anti-consumer, and contrary to the public interest. These changes reportedly provide “legal immunity” to builders by removing criminal liabilities for violations. The organization emphasizes that law enforcement and relevant authorities should take criminal actions against errant builders and reaffirm ownership and conveyance rights for homebuyers throughout Maharashtra. In a comprehensive memorandum directed to the CM on December 31, the…

Latest StoriesResidential

Pune Sees 14,000+ Property Registrations in November 2025

NEW DELHI: In November 2025, Pune’s residential property market saw 14,234 registrations, representing a 6% year-on-year increase. Stamp duty collections also rose by 19% YoY to ₹565 crore, as per the data from Knight Frank India. Compared to the previous month, registrations increased by 12%, and stamp duty collections grew by 7%. From January to November 2025, Pune achieved 173,578 property registrations, marking the strongest performance during the first eleven months in the last four years. The distribution of ticket sizes remained consistent year-on-year. Homes priced below ₹1 crore still dominated, accounting for 85% of total registrations, while those priced…

Latest StoriesRera

MahaRERA’s Recovery Slow; Only 33% of ₹792 Crore Collected

PUNE: Recovery warrants issued by the Maharashtra Real Estate Regulatory Authority (MahaRERA) are being executed slowly across the state, with only one-third of the total amount owed to homebuyers being recovered to date. Recent official data indicates that out of Rs 791.55 crore due across 1,287 complaints, only Rs 262.68 crore has been recovered (approximately 33%). According to district-level data from MahaRERA, Mumbai suburban tops the list with Rs 351.75 crore due but has collected merely Rs 109.71 crore, with 479 complaints recorded. Mumbai city ranks second, recovering Rs 53.11 crore against Rs 104.14 crore from 47 complaints. Pune, also…

InfrastructureLatest Stories

Pune: MIDC Urges Developers to Cut Pollution in Hinjewadi

Representative AI image PUNE: The Maharashtra Industrial Development Corporation (MIDC) has issued notices to real estate developers Reyaansh Logistics, Gera Projects, Godrej Properties, and Pegassus Properties, urging them to mitigate air and sound pollution in the Megapolis area of the Hinjewadi IT park. Local residents have filed multiple complaints with the industrial authority concerning uncovered and overloaded trucks transporting earth and debris, causing dust accumulation on roads. Megapolis is a major residential area within phase III of Hinjewadi, where several developers are actively building projects. This marks the second time MIDC has alerted developers based on residents’ complaints. MIDC executive…

Latest StoriesRegulatory

Pune: PMC to Earn ₹200 Crore Yearly from Building Permits

PUNE: The Pune Municipal Corporation (PMC) anticipates generating around Rs 200 crore annually through building permissions in newly merged areas, following the transfer of authority from the Pune Metropolitan Region Development Authority (PMRDA) to the civic administration. PMC officials mentioned that this revenue boost would alleviate the pressure on civic finances and support infrastructure development in these areas, expediting the implementation of the development plan (DP) approved by the state government in October 2017 for the newly incorporated zones. “The population of the nine villages is estimated to be around 6 lakh, with projections of reaching 8 lakh by 2035.…

IndustryLatest Stories

Pune Land Deal: Parth Pawar’s Firm Seeks Sale Deed Cancellation

PUNE: Amadea Enterprises LLP, co-owned by Parth Pawar, son of Maharashtra’s Deputy Chief Minister Ajit Pawar, has initiated a civil lawsuit against Sheetal Tejwani, the power of attorney holder for the Mundhwa land, in a bid to annul the sale deed. Digvijay Patil, a partner in the firm, filed this suit in a Pune court under Section 31, concerning the cancellation of written documents, including sale deeds or contracts as stated in the Specific Relief Act of 1963. According to court filings, a hearing is set for January 15, 2026. Issues arose concerning the sale of 40 acres of land…

Latest StoriesResidential

One Year Later: No GR on NA Tax Abolition; Housing Societies Seek Clarity

PUNE: Over a year after the state cabinet’s decision to eliminate the non-agricultural (NA) tax in urban regions, cooperative housing societies in Maharashtra still lack clarity due to the absence of an official government resolution (GR). The Maharashtra State Housing Federation has reached out to Chief Minister Devendra Fadnavis and Revenue Minister Chandrashekhar Bawankule, requesting a GR to clarify the situation and organize awareness initiatives for consistent implementation across the board. Without a formal notification, housing societies—particularly those outside gaothan areas—remain uncertain if they are still required to pay the tax, as indicated in their letter. In October 2024, the…

InfrastructureLatest Stories

MIDC to Allocate ₹6,000 Cr for Purandar Airport Land Purchase

Representative Image PUNE: The Maharashtra Industrial Development Corporation (MIDC) is set to allocate approximately Rs 6,000 crore for land acquisition related to the proposed Purandar airport, according to state government sources reported by TOI on Saturday. The Pune district administration has submitted the proposal, which is currently undergoing final approval stages. An official mentioned, “The clearance is imminent, and we expect to release around Rs 6,000 crore for land acquisition.” Based on a notification from March 17, 2025, under the Land Acquisition Act, farmers are being offered compensation of Rs 1 crore per acre, with double compensation for on-site assets…

Latest StoriesResidential

Shapoorji Pallonji Enters Plotted Development Market

Representative AI image NEW DELHI: Shapoorji Pallonji Real Estate (SPRE) has ventured into the plotted development sector with its new project, Treetopia, which spans 105 acres in Pune. The project is expected to yield an estimated revenue of ₹600 crore, featuring 483 residential plots ranging from 2,000 to 6,000 sq ft. These N.A. plots will come with individual 7/12 certificates, allowing buyers to construct independent villas tailored to their preferences. Published On Dec 22, 2025 at 10:48 AM IST Join a community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox.…

IndustryLatest Stories

MPCB Team Assesses Anti-Pollution Measures at Baner Realty Site

PUNE: On Friday, officials from the Maharashtra Pollution Control Board (MPCB) inspected a site for a new residential and commercial project in Baner to determine further actions needed to manage dust and noise levels, as mandated by the National Green Tribunal (NGT) on December 8. MPCB’s Pune sub-regional officer Kartikeya Langote stated, “We have sent field officers Jayant Doke and Sarjerao Bhoi to the project site.” Doke informed TOI, “We have established air quality and noise monitoring stations, which will track these levels for the next 24 hours. We had previously instructed the project proponent to implement measures to mitigate…