Near Pune, 23 amalgamated villages' residents and local authorities are pleading with the state government to put the Unified Development Control and Promotion Regulations (UDCPR) into effect. Due to difficulties obtaining building permits brought on by the lack of Development Plan (DP) regulations, real estate development in these areas has halted. Construction is being hampered by this delay, which is also having an effect on developers and small property owners who need building permits. Given the anticipated population expansion, implementing the UDCPR could simplify this procedure and encourage development in certain areas. However, as the Pune Metropolitan Region Development Authority (PMRDA) currently possesses these rights, specific consent from the state government is required.Read more

The Maharashtra State Road Development Corporation (MSRDC) intends to lease two plots, one in Pune's Mangalwar Peth area and another in Lodhivali, Raigad district, both spanning around 87 acres, for a 60-year contract. They anticipate raising over Rs 358 crore through lease rent and a one-time premium. The Pune plot, conveniently located near the airport and railway station, is 8,900 sq mts, with expected lease rent of Rs 53.40 crore and a one-time premium of Rs 120 crore. The Lodhivali plot, close to industrial zones, spans 345,950 sq mts and aims for Rs 20.75 crore lease rent and a one-time premium of Rs 164 crore.Read more

Frustrated by the Pune Municipal Corporation's (PMC) delay in opening a bridge connecting Baner, Balewadi, Wakad, and Kaspate Vasti over the Mula River, residents filed a PIL in the Bombay High Court. The bridge, which cost over ?31 crore, was completed in the 2018-19 fiscal year but has remained closed. This has inconvenienced residents who are forced to take a longer route via the busy Mumbai-Bengaluru Highway to reach their destinations. PMC cites land acquisition issues as the reason for the delay, but residents seek court intervention to open the bridge promptly.Read more

Citizens and political activists in Pune are urging the city police and civic administration to allocate dedicated parking spaces during the upcoming 10-day Ganesh festival. Nitin Kadam, representing the Rashtravadi Urban Cell, has written to the city police commissioner proposing the use of school and college grounds in central areas as parking lots to alleviate the strain on roads. Kadam also suggested exploring the possibility of altering school timings during the festival. He proposed that schools could extend their hours until 4 pm, after which their infrastructure, such as grounds and open spaces, could be utilized for parking. This would not only help students avoid traffic chaos but also provide space for devotees to park their vehicles.Read more

The registration department's 27 offices in the Pune swiftly processed over 90% of 13,500 pending leave-and-license applications in just four days, addressing citizens' concerns about delays. This efficiency followed a directive from the joint district registrar to reduce document pendency to 50 at each office, resulting in a significant reduction in backlogs. The issue of delays in online document registration, previously attributed to software glitches, has been largely resolved, bringing relief to citizens and highlighting the importance of streamlined administrative processes and technology in governance.Read more

Naiknavare Developers, known for their community-centric projects in Pune, Mumbai, and Goa, have launched "Avasa Grassland," a premium plotted development in Chakan, Pune. This project is part of the larger Dwarka Township, offering plots ranging from 1836 sq ft to 3298 sq ft. Situated amidst a thriving community with excellent amenities and infrastructure, it's strategically located near major industrial zones and business centres. Residents will also enjoy a Forest Park, and the development includes various amenities like a Senior Citizen Sitting Area, Vegetable Garden, and more. This expansion reflects Naiknavare Developers' commitment to offering diverse real estate solutions.Read more

91Springboard, a prominent player in India's co-working space industry, has unveiled its latest Platinum Hub in Pune's bustling Baner neighbourhood. This 32,000-square-foot facility, the company's 27th hub nationwide, marks a significant achievement in its expansion strategy. The Baner Platinum Hub, capable of accommodating over 800 members, is strategically located in Pune's business district, making it an attractive destination for businesses of all sizes. Known for its superior design, comfort, lighting, sound control, and hospitality, the hub offers an innovative concept called 'Team Rooms' to cater to businesses' specific needs. This expansion reinforces Pune's appeal for start-ups and enterprises.Read more

In a transformative move, 315Work Avenue has secured a substantial 1.62 lakh square feet of office space in Pune's Raheja Woods through a five-year lease, expanding their total tower footprint to 2 lakh square feet. With escalating rentals and strategic expansion plans, this pioneering coworking provider showcases Pune's significance as they manage 2 million square feet across prime Indian locations. The firm's upfront deposit of Rs 4 crore emphasizes commitment. This comes amid India's surging flexible office space market, which has grown by 75 percent post-pandemic to 53 million square feet, with flexible providers capitalizing on the evolving hybrid work model.Read more

The Pune Municipal Corporation is considering extending its gunthewari regularization scheme by three months due to a lacklustre response. Since its reintroduction last year, only 21 out of 856 proposals have been approved, with high costs and complex processes deterring property owners. The scheme aims to regularize unauthorized subdivisions of privately owned land, but limited geographic applicability and documentation hurdles have hindered its success.Read more

The Pune Municipal Corporation (PMC) has made significant progress in waste management by removing 2.34 lakh metric tonnes of construction and demolition debris using its dedicated transport service this year. This effort prevents improper disposal of debris in public spaces and riverbeds, with a focus on environmental preservation. Civic activists commend this initiative and call for stricter measures against illegal dumping, urging the PMC to expand the service and establish specialized disposal centres.Read more

Celebrity power-couple, Shahid and Mira Kapoor, have been named brand ambassadors for Shapoorji Pallonji Real Estate’s luxury project, VANAHA, in Pune. Nestled near the renowned Oxford Golf Course within a sprawling 1000-acre township, VANAHA promises an unmatched blend of residential, commercial, and green spaces. This collaboration seeks to magnify the project’s allure, blending the couple's elegance with the property’s promise of harmonious luxury living. The Kapoor endorsement is set to give VANAHA a unique spotlight in Pune's real estate market.Read more

Despite administration efforts to recover outstanding dues, Pune Municipal Corporation (PMC) faces a substantial property tax liability of Rs 8,500 crore. About 41% of property owners missed the payment deadline, with 5 lakh of the 12 lakh property owners yet to pay. The PMC employs tactics like sealing properties and property auctions to recover dues, sealing 1,400 properties and recuperating Rs 100 crore in the past year. However, civic activists emphasize stricter actions against defaulters over amnesty schemes. PMC aims to generate Rs 2,618.15 crore from property tax this year, playing a pivotal role in its revenue generation.Read more

The surge in illegal constructions in Pune's Kondhwa area is exacerbated by lax tenant police verification. Recent events, like the Pune ISIS module arrests, highlight the significance of this issue. Many property owners avoid verification due to fear of repercussions. Police aim to raise awareness and warn of legal consequences. A former corporator states about 3,000 illegal properties exist, with inadequate PMC vigilance. Kondhwa's history with terrorism suspects compounds the problem, with an influx of residents from various regions and foreign nationals. Challenges arise from the lack of proper property identification and a need for stronger police presence. Efforts are being made for cooperation between property owners, authorities, and law enforcement.Read more

The PMC's plea for citizens to declare self-occupancy for a 40 percent property tax reduction has received a meagre response. Around 40,000 responses were received in two months, significantly fewer than the expected 4.5 lakhs. The initiative aimed to ease high taxes for property owners who reside on their premises. PMC urged property owners to submit a PT3 form, the society's no-objection certificate, ID proof, and a tax bill from another property owned by the same taxpayer within PMC's limits. PMC released tax bills on May 15, deviating from April 1, following the state government's 40 percent rebate reintroduction.Read more

The Pune Metropolitan Region Development Authority (PMRDA) is considering implementing a transit-oriented development (TOD) charge similar to Mumbai's MMRDA, targeting new buildings near the Hinjewadi Shivajinagar Metro line to fund urban development. While some stakeholders question additional fees, PMRDA aims to balance developer profits with broader infrastructure enhancement, awaiting the outcome of Mumbai's pilot proposal.Read more

The state government has chosen not to grant a full property tax waiver to owners of houses under 500 square feet in the Pune Municipal Corporation (PMC) limits, in contrast to exemptions in Mumbai. The decision, made during the state assembly session, aims to avoid significant revenue loss for the civic administration, already providing a 40% tax discount. This move, affecting around 12 lakh properties, comes after a history of fluctuating property tax policies, including a 40% reduction following floods in the 1970s and subsequent discontinuation in 2019.Read more

Amid delayed bill issuance, Pune's municipal body garnered over Rs 1,300 crore in property tax payments. PMC's Ajit Deshmukh highlighted diverse online and offline contributions, resulting in revenue surpassing Rs 1,300 crore in two months. A bill delay led to a 40% rebate announcement, extending discounted tax rates until July 31. Technical glitches prompted a two-day extension. Civic activists' appeals led to a lottery for compliant taxpayers, while critics urged a focus on defaulters. PMC, with 5.5 lakh properties paid by August 2, targets Rs 2,618.15 crore from property tax, incorporating water tax revenue.Read more

Tesla, the American electric vehicle giant, makes significant strides in India, securing a 5,850-square-foot office space in Pune's Viman Nagar. Tesla India Motor & Energy's strategic move aligns with its ambition to establish a manufacturing base in the country. The lease spans five years, with an option to extend for ten years. Tesla is keen on introducing its electric cars to the Indian market and has engaged in discussions with the government. India considers allowing Tesla's foreign vendors to manufacture critical components within its borders. This dynamic development marks a transformative shift in India's automotive landscape.Read more

Pune is set to reach an impressive milestone, with flex space projected to account for 10% of the city's total office area by 2025. According to a report by Colliers, the thriving technology sector and the adoption of hybrid work models have fuelled this growth. In 2023, Pune's flex space stock stands at 5.4 million square feet, marking a four-fold increase since 2018. This robust growth positions Pune ahead of other top Indian cities in flex space penetration, indicating a transformative shift in the city's work environment.Read more

Colliers, a diverse real estate firm, boldly expands in Pune, India. Opting for a larger office space in Kalyani Nagar, it aims to double its employee strength and strengthen client relationships. Pune's potential as a real estate hub drives the strategic move, complementing Colliers' expansion in other cities. The modern workplace fosters collaboration and prioritizes employee well-being. With a clear vision and growth plan to hire 400 employees, Colliers is poised for success.Read more