The National Green Tribunal has allowed construction to resume at a major residential or mixed-use project in Pune�s Baner area, subject to strict environmental safeguards. The order requires the developer to install real-time air quality monitoring systems and make pollution data publicly available. Mandatory dust-control measures, including water sprinkling, material covering and wheel-washing facilities, must be followed throughout construction. Regular reporting to pollution control authorities has also been directed, with provisions to halt work if limits are breached. The decision balances development needs in one of Pune�s fast-growing residential hubs with concerns around air quality, public health and responsible urban growth.Read more

The National Green Tribunal's Western Zone Bench has ordered an immediate halt to construction at a residential project in Baner after a neighbouring housing society complained of dust, noise and improper waste handling. The Tribunal reviewed a recent Maharashtra Pollution Control Board (MPCB) inspection, which flagged missing acoustic barriers, poor storage of raw materials, lack of controlled areas for cutting and grinding, and failure to follow construction-waste rules. Noting that earlier MPCB directions had not been effectively enforced, the NGT directed the Board to act on the developer's reply and ensure no work resumes until proper pollution-control measures are in place. The main case will be heard in April.Read more

Welspun One has announced plans to develop a Grade-A logistics park in Pune's Talegaon MIDC Phase-IV, spread across roughly 1.2 million sq ft, supported by an investment of INR 550 crore. The company recently received a 46-acre land parcel for this project, which will cater to sectors such as 3PL, e-commerce, FMCG, automotive, engineering, and manufacturing. Pune's warehouse leasing activity has grown by about 10% compared to last year, with the Talegaon-Chakan region accounting for nearly 70% of the city's demand. The project aligns with Welspun One's continued expansion across major logistics corridors.Read more

The Union Cabinet has approved an INR 9,858 crore Phase 2 expansion of Pune Metro, adding Lines 4 and 4A, covering roughly 31.6 km with 28 elevated stations. These lines will connect key IT, commercial, educational, and residential areas across Pune. Maha?Metro will handle all construction and systems work, with preliminary surveys and design activities already underway. Daily ridership on these corridors is expected to reach 4.09 lakh by 2028 and over 11.7 lakh by 2058. The expansion aims to enhance connectivity, reduce traffic congestion, and support long-term urban growth.Read more

The PMRDA has approved an INR 156 crore plan to upgrade key roads in Khed taluka, particularly around the busy Chakan industrial area. The project includes widening and resurfacing seven PMRDA roads and five Major District Roads, expanding widths from 3.75 m to between 5.5 m and 10 m, with work targeted for completion in one year. To enable this, over 428 encroachments have been cleared, including 347 buildings. The initiative forms part of a larger INR 558.12 crore road development programme covering more than 40 km in and around Chakan. PMRDA has also begun land surveys for the proposed Chakan bypass, which will help divert heavy vehicles and ease local congestion.Read more

Tishman Speyer and Axis Commercial Real Estate Fund have partnered with Kasturi Housing to develop a INR 1,700-crore commercial and IT office project in Pune's Balewadi area. The 1 million sq ft development will see Tishman Speyer and Axis hold a combined 50% stake, while Kasturi Housing provides the land and retains the remaining share. Tishman will manage the project, which forms part of a larger mixed-use layout. The partners say Pune's strong infrastructure growth and its base of over 360 global capability centres make it a high-potential office market. This marks the second investment from the Axis-Tishman commercial real estate platform, which targets major Indian office hubs.Read more

GE Aerospace has announced a new USD 14 million investment to increase capacity at its 10-year-old manufacturing facility in Pune. The fresh funding adds to the USD 30 million committed last year, taking the total investment for the site to USD 44 million within a short period. The company will focus on upgrading manufacturing processes, increasing automation, and strengthening capabilities for advanced engine components. The Pune unit supports engines such as GE90, GEnx, GE9X and LEAP, and is backed by more than 300 suppliers locally and over 2,200 across India. The facility has also built a strong talent base over the past decade.Read more

Gera Developments is set to expand its residential portfolio with a new wellness-focused housing project in Pune, involving an investment of about INR 1,100 crore. The 8-acre development will feature nearly 1,000 apartments across two phases, with the first phase offering about 500 units starting at around INR 1.25 crore. The company has also introduced wellness amenities such as yoga, pilates, aqua aerobics, nutrition support and personalised coaching through expert partnerships. Gera Developments, which operates in Pune, Goa and Bengaluru, is additionally planning six more wellness-centric projects in the coming years.Read more

The Central Government has approved 1,000 electric buses for Pune under the PM E-DRIVE initiative, aimed at improving the city's public transport network and cutting emissions. Pune Mahanagar Parivahan Mahamandal Ltd. (PMPML), which currently operates about 2,000 buses 750 owned directly and the rest through contractors had submitted the proposal. Officials note that a fleet of at least 3,000 buses is needed to meet the city's growing demand. The approval follows persistent coordination between state and central authorities and complements the ongoing Pune Metro expansion.Read more

Urban Vault has added two co-working centres in Pune, providing 92,000 sq ft and 2,500 seats, bringing its total Pune portfolio to 1.40 lakh sq ft and 3,500 seats. The new facilities in Baner and Viman Nagar include Grade-A spaces that have already secured enterprise clients. CEO Amal Mishra highlighted Pune's strong IT, manufacturing, and startup base as a driver of demand for flexible workspaces. Nationally, Urban Vault now manages 2.60 million sq ft with over 45,000 seats and reported INR 120 crore turnover for 2024-25.Read more

Shriram Properties Ltd has entered into a joint development agreement with a landowner to develop a premium residential project in Hinjewadi, Pune, with an estimated gross development value (GDV) of around INR 700 crore. The project, spread across 0.7 million sq ft, will be the company's second venture in Pune. The firm, which recently entered into another similar agreement in North Bengaluru, continues to expand its footprint in key urban markets, supported by strong demand from the city's IT and industrial sectors.Read more

A Pune builder has withdrawn from a proposed land deal with a Jain charitable trust after public protests and circulating rumours of irregularities. The project, involving about 12,000 m2 (3.5 acres) owned by the Seth Hirachand Nemchand Smarak Trust, had already progressed to a sale at INR 311 crore. The developer, Gokhale Landmarks LLP, cited the ethical implications and reputational damage as reasons for ending the transaction, and requested the trust to cancel the arrangement and refund INR 230 crore paid so far.Read more

Smartworks Coworking Spaces Ltd has leased more than 500 seats at its Pune centre to Davies Shared Services (India) Pvt Ltd, the Indian subsidiary of UK-based global professional services firm Davies. The company, which recently went public, manages around 12 million sq ft of workspace across 14 Indian cities and Singapore. Smartworks follows a model of leasing large bare-shell properties from landlords and subleasing them to medium and large enterprises. It also recently leased 5.57 lakh sq ft at Intellion Park, Navi Mumbai, marking its largest campus in the city.Read more

Pune's housing market witnessed a sharp rise in property activity during the past month, with registrations increasing by 23% year-on-year and stamp duty revenues reaching INR 523 crore, according to Knight Frank India. Over 1.45 lakh properties were registered in the first nine months of the year, marking the highest volume in four years. The shift in the festive calendar supported buyer sentiment, while the demand for larger homes and properties priced above INR 1 crore continued to strengthen across micro-markets led by Central Pune.Read more

Swedish furniture giant Ikea is preparing to make its debut in the Pune market with a lease agreement for over 37,000 sq ft of space at Phoenix Marketcity mall in Lohegaon's Viman Nagar area. The company, which entered India in 2018, has finalised a 59-month lease with Vamona Developers. The store will mark Ikea's expansion into another major urban market. IKEA is currently present in India with 3 large-format stores in Hyderabad, Navi Mumbai, and Bengaluru; two city stores in Worli and West Delhi; one Plan and Order Point in Bengaluru.Read more

Maharashtra's Charity Commissioner, Amogh Kaloti, has intervened to stop the sale of a 12,000-square-meter property in Pune's Model Colony owned by the Seth Hirachand Nemchand Smarak Trust. The property, which includes a Jain boarding facility and Mahavir Digambar Jain Temple, was set to be sold to Gokhale Constructions for INR 311 crore. Opposition from sections of the Jain community led to the intervention, with the Commissioner ordering a 'status quo' and seeking a detailed report. The trust maintains that all legal processes were followed during the sale.Read more

Pune Municipal Corporation suspended two TDR department officials for permitting illegal construction at a Baner property. The sixth-floor slab was complete, and work on the seventh floor had begun without approval, while the proposal for additional TDR was still under review. This step reflects PMC's ongoing efforts to ensure compliance with building rules and prevent misuse of development rights. Earlier, sanitation staff were suspended and other officials transferred. The civic body is actively inspecting properties to detect violations and strengthen regulatory oversight.Read more

The construction of the new Sadhu Vaswani Bridge in Pune's Koregaon Park area has reached around 50% completion, with the completion timeline now extended to March 2026. The delay is mainly due to the challenges of building over active railway tracks and rerouting essential utilities. Since the old bridge's demolition in 2024, commuters have faced long traffic diversions, affecting daily travel. The Pune Municipal Corporation (PMC) is working closely with railway authorities to manage disruptions and ensure the project progresses efficiently, while the new bridge aims to improve connectivity and ease congestion in the area.Read more

Pune Municipal Corporation commissioner Naval Kishore Ram has called for stronger private participation in city development, citing the unsustainable revenue model of its properties. He explained that PMC spends INR 4,000 to maintain facilities but earns only INR 2,000, with auditorium rents set at just INR 1,000 despite daily maintenance costs of INR 2,000. Ram emphasised that hesitation to adopt PPP has left many reserved amenity lands unused or misused. He said private developers could create hospitals, schools, parking, and sports complexes on such sites. He also set a target of 75 km of quality road construction annually, with INR 200 crore recently sanctioned for repairs.Read more