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

K Raheja Corp Homes has rolled out the second edition of its Grand South Pune Home Fest, targeting the thriving NIBM corridor. The event features limited-time deals across premium projects-Raheja Stellar, Sterling, Galaxy, and Helios-offering assured benefits and flexible payment plans, especially for Raheja Sterling. Building on the success of the first edition, this year's fest includes exciting rewards like an electric scooter, the latest iPhone, luxury vouchers, and a grand prize international travel package. The initiative not only aims to boost home sales but also supports buyers with curated offerings, expert consultations, and a seamless purchase experience.Read more

Pune Municipal Corporation (PMC) has advanced a INR 1,500 crore flood mitigation and relocation plan for flood-prone areas-Ektanagari, Vitthalnagar, and Nimbajnagar-along Sinhagad Road. Under the Urban Redevelopment Scheme's cluster development provisions, 1,383 residential units and 67 commercial establishments in designated 'blue zones' will be relocated to Hingne Khurd, outside the floodplain. The proposal is currently under state government review. Meanwhile, PMC has initiated immediate flood control measures, including debris clearance and CCTV monitoring to curb illegal dumping. Approval and funding are critical to executing long-term relocation and redevelopment. Compensation for commercial property owners remains delayed due to legal gaps in current regulations. With monsoon-related flooding intensifying, PMC's comprehensive relocation strategy aims to provide a sustainable solution for vulnerable communities while improving overall urban resilience.Read more

In its latest pre-monsoon survey, Pimpri Chinchwad Municipal Corporation (PCMC) identified 82 structurally unsafe buildings, issuing emergency notices to mitigate potential monsoon hazards. This marks an improvement from 132 unsafe buildings flagged in 2024 and 125 in 2023, reflecting better compliance and proactive repairs by property owners. Of the 82 buildings, four require immediate demolition, eleven need urgent evacuation and repairs, sixteen need major repairs, and fifty-one need minor fixes. Nine previously unsafe buildings have already been repaired or demolished. PCMC is also acting on its own assets, recently demolishing a deteriorated civic school building. These annual surveys aim to prevent building collapses during heavy rains. PCMC urges all property owners to comply with safety notices promptly. Through vigilant monitoring and community cooperation, the civic body seeks to enhance public safety ahead of the monsoon season.Read more

Godrej Properties Ltd has expanded its presence in Pune by acquiring a 14-acre land parcel in the Kharadi-Wagholi region for a premium residential project. This development is expected to generate INR 4,200 crore in revenue and will offer around 3.7 million square feet of developable area. According to the company's regulatory filing earlier this week, the project will focus on upscale group housing. The move aligns with Godrej Properties' broader strategy to grow its footprint across key micro-markets, with recent forays into new cities including Hyderabad.Read more

Knight Frank's latest report highlights Pune's commercial real estate growth, with leasing volumes rising 19% year-on-year to 8 million sq. ft. in 2024. Kharadi has emerged as a key business hub, attracting top firms like Citicorp, Amazon, and Deloitte, driven by its connectivity and growing professional base. Amid this surge, SQUAREA has positioned itself as a strategic advisor linking investors to high-yield Grade-A assets. Its latest collaboration with Omicron Group-Omicron Business Landmarks Kharadi NX-offers 360,000 sq. ft. of premium office space in a 26-storey tower. With sustainable design, modern amenities, and strategic location, the project reflects Kharadi's rise as a prime commercial destination.Read more