The Pune Municipal Corporation has now made it mandatory to display project names residential or commercial in Marathi. This directive came after a strong push from the Maharashtra Navnirman Sena, which had earlier flagged widespread non-compliance. The municipal commissioner issued a circular enforcing this rule across both ongoing and new projects, aligning with the state's Marathi language policy. Civic officials will be inspecting sites to ensure full compliance. With building approvals having tripled over recent years, this move seeks to balance rapid urban growth with cultural preservation. Builders must now comply or risk delays in project certifications.Read more

Pune's residential property market evolved significantly in H1 2025, with rising demand for premium, spacious homes. The city recorded the highest average ticket size growth among Tier 1 cities, up 7% to INR 0.74 crore. Premium homes made up 45% of market value, while affordable units under INR 1 crore retained a 55% share. With over 45,000 units sold and nearly 39,000 launched, Pune balances aspiration with accessibility. Key growth areas include North West Pune and PCMC. Experts cite the city's lifestyle appeal, strategic location, and upcoming connectivity to Navi Mumbai Airport as driving momentum. Pune's housing story now blends inclusivity with premiumisation.Read more

In a major real estate deal, KRC Queens Pvt Ltd, a subsidiary of K Raheja Corp, has acquired a 7.43-acre land parcel in Mahalunge, Pune, for INR 195 crore. The land, purchased from Mahalunge Real Estate Developers Pvt Ltd, is designated for a new residential township project. This strategic acquisition highlights K Raheja Corp's growing presence in the Pune market and its commitment to developing large-scale residential projects to meet the city's increasing housing demand.Read more

Pune Municipal Corporation has doubled its property-tax discounts for green features over the past six years from about 86,000 beneficiaries in 2019-20 to roughly 1.5 lakh now offering 5-10% relief to owners with functional solar panels and vermicomposting systems. The corporation claims surprise inspections and cancellations if installations go offline, but local activists and experts challenge the enforcement's consistency. While this incentive is part of broader efforts to promote sustainability, questions remain over actual performance and oversight. The scheme coincides with a wider push in Maharashtra municipalities for green-rated buildings through fiscal, not built-area, perks.Read more

IndoSpace has launched 'IndoSpace Chakan V', a 188-acre industrial and logistics park within the MIDC Chakan belt in Pune, with an investment of USD 120 million. This marks the company's largest industrial development in India and its eighth facility in the Pune region, expanding its local footprint to 525 acres. The park is positioned along major highway corridors and offers multimodal connectivity to key industrial hubs. Designed with sustainability features and advanced technology, it targets sectors including automotive, engineering, electronics, and third-party logistics.Read more

Following the Maharashtra cabinet's approval to merge civil areas of Pune and Khadki cantonments with the Pune Municipal Corporation (PMC), debate has sparked over Floor Space Index (FSI) norms for redevelopment. Currently capped at 0.5 in cantonment zones, proposed revisions to 1.0 still fall short of PMC's existing FSI range of 1.1 to 3.0. Residents and developers are urging clarity to ensure fair development post-merger. The process awaits final notification from the Centre and requires coordination among PMC, the Defence Ministry, and other agencies. The merger is part of a nationwide move to integrate cantonment civil areas with municipal bodies to streamline governance.Read more

The Pimpri Chinchwad Municipal Corporation (PCMC) has introduced a dedicated five-member vigilance squad to tackle illegal construction activities and penalise staff negligence. The move follows growing public concern over delayed civic action and continued unauthorised developments. The new squad will probe complaints filed through the Saarthi helpline and those escalated to senior officers, with findings being reported directly to the Municipal Commissioner. This decision comes after demolition of structures such as a 1,200 sq ft illegal building in Rahatani and thousands of unauthorised units in areas like Kudalwadi and the Indrayani riverbed, underscoring the urgency of the issue.Read more

Gera Developments' latest Pune Residential Realty Report revealed an 8% decline in annual housing sales and a 10.3% drop in new launches. Despite a moderate 7.3% price increase year-on-year, average ticket sizes have surged by 76% over five years due to both rising prices and larger home sizes. Sales of smaller homes have fallen sharply while demand for spacious units continues to rise. Inventory levels have climbed to their highest since 2020, with affordability deteriorating to 6.52 times the average annual income, highlighting pressure on mid-segment buyers.Read more

Pune and Patna municipal bodies have taken contrasting paths in property tax collection this fiscal. Pune extended its discounted payment deadline to July 7 due to bill distribution delays, collecting INR 1,244.5 crore by June 30-about INR 100 crore less than the same period last year. Activists are pushing for further extensions, citing tech glitches and unresolved rate issues in newly merged areas. Meanwhile, Patna collected INR 40 crore in Q1 FY26-28% of its annual target-offering a 5% rebate until June 30 and adding tech-driven solutions like QR-coded notices, chatbot payments, and extended hours. These varied strategies reflect the challenges in maximizing tax revenues to fund urban services.Read more

Authorities in Pune have started relocating 34 tribal families from Pasarwadi, a landslide-prone village near Malin, after soil cracks and a recent rockfall blocked their only road. The tehsil office has secured two acres of safer land, guided by Geological Survey recommendations. Financial aid for new homes is being arranged through state and central housing schemes, with additional CSR support. So far, 18 families have homes under the Gharkul scheme; remaining construction will start post-monsoon. Residents welcomed the move but raised concerns about water shortages and lack of basic facilities. The relocation echoes past efforts after Malin's deadly 2014 landslide.Read more

The Union Cabinet has approved Phase II of the Pune Metro Rail Project, marking a major boost to the city's public transit network. The new phase includes two elevated corridors-Vanaz to Chandani Chowk and Ramwadi to Wagholi-spanning 12.75 km at a cost of INR 3,626 crore. These extensions build on the existing Vanaz-Ramwadi line and are expected to be completed in four years. The plan includes integration with intercity buses and other metro lines to enhance multimodal connectivity. Aimed at easing traffic congestion, the project is set to transform commuting in Pune's rapidly growing areas through more efficient and accessible transport.Read more

The Maharashtra Urban Development Department has approved four key town planning schemes by PMRDA, covering 520 hectares in Autade-Handewadi, Holkarwadi, and Vadachiwadi. These align with Pune's 82 km ring road plan and follow a land-sharing model where landowners receive 50% of developed plots. Each scheme gets INR 25 crore from the Centre, with PMRDA allocating INR 125 crore. Two other schemes-Maan Mhalunge and Manjari Khurd Kolwadi-remain stalled due to zoning and technical issues. Officials and locals voiced frustration over delays impacting infrastructure and real estate development. Timely clearance is critical to access central funds and drive organised growth across the Pune Metropolitan Region.Read more

Metro Global Solutions Center Pvt Ltd (MGSC), the Indian technology and solutions unit of international wholesaler Metro, has leased 50,000 sq ft of office space from coworking space provider 315Work Avenue in Pune. This transaction expands 315Work Avenue's footprint in the city to six centres, encompassing 0.6 million sq ft and around 12,000 seats in projects by developers like Ascendas, Panchshil, and Raheja. Nationwide, the company operates across 45 locations in cities including Bengaluru, Chennai, Hyderabad, Mumbai, and Pune, with a total portfolio of 3 million sq ft and 60,000 seats.Read more