Pune is undergoing a significant transformation with infrastructure projects totaling over INR 50,000 crore. Key developments include the INR 9,897 crore Pune Metro Phase 2 expansion, the INR 50,000rore Pune-Bengaluru Expressway, and the INR 5,500 crore Mula-Mutha Riverfront project. Additional initiatives encompass the INR 8,313 crore Pune Metro Line 3, the INR 1,626 crore road development allocation in the PMC budget, and the INR 400 crore per kilometer Yerawada-Katraj twin tunnel project. These projects aim to enhance connectivity, reduce traffic congestion, and improve the quality of life for Pune's residents.Read more

Pune's real estate market showed stability in April 2025 with 14,421 property registrations, up 1% year-on-year but down 41% from March's financial year-end surge. Stamp duty collections dropped 3% to INR 547 crore. Despite monthly dips, the January-April period saw the highest property registrations and collections in four years, rising 5% and 8% respectively. Affordable housing dominated, with 83% of homes priced under INR 1 crore, though premium homes also grew from 14% to 16% of the market. Analysts highlight Pune's end-user-driven demand and rising interest in upscale properties, indicating a resilient and balanced market poised for continued growth.Read more

The Pune Municipal Corporation (PMC) is set to launch a pilot project introducing water bills based on actual consumption for residential properties within its limits. This initiative forms part of the city's ongoing 24-7 water supply programme, which aims to promote water conservation and ensure fair distribution. The pilot will begin in zones where over 90% of water meters have been installed, covering about 80 of the 141 designated areas. While many residents have welcomed this move, concerns remain about the adequacy of water supply and the fairness of billing, prompting PMC to assure a measured and transparent implementation.Read more

Gokhale Constructions has acquired a 3.5-acre land parcel from HND Trust in Pune for INR 311 crore to develop a premium residential and retail project. The project is expected to generate revenue of INR 2500 crore through the construction of 16 lakh sq ft of residential space and high-end retail. Additionally, a 51,000 sq ft hostel with modern amenities is also part of the development. The starting price for a condominium is projected to be INR 7 crore. The company is also expanding its portfolio in Pune, with 2 million sq ft of residential and 3 million sq ft of commercial space under development. Furthermore, Gokhale Constructions is in advanced negotiations to enter the Mumbai real estate market, aiming to acquire properties in prime locations.Read more

Hiranandani Communities, Krisala Developers, and Della Resorts and Adventure have partnered to develop a racecourse-themed township near Pune, with a budget of INR 550 crore. This 40-acre development will have a revenue potential of INR 1,100 crore. Della's Chairman, Jimmy Mistry, mentioned that this type of themed project increases builder receivables by 40%. The project will include a resort, conference and wedding venues, villas, and an 8-acre racecourse. Della aims to launch 10 such themed townships by FY26, targeting a revenue potential of INR 20,000 crore.Read more

The Pimpri Chinchwad Municipal Corporation (PCMC) has issued final notices to 184 housing societies for failing to operate mandatory sewage treatment plants (STPs), as required under the Unified Development Control and Promotion Regulations (UDCPR) for large residential projects. Out of 456 eligible societies, 192 have non-functional or inactive STPs. The civic body has warned of water supply disconnections if compliance is not ensured. While PCMC urges sustainable water reuse, residents allege that faulty STPs were installed by builders and approved without proper checks. The issue has reignited debates over accountability in urban infrastructure and housing project clearances.Read more

Effective from May 1, 2025, Pune residents can register property documents at any sub-registrar office within the district, regardless of the property's location. This intra-district flexibility is part of Maharashtra's 'One State, One Registration' initiative, which aims to ease congestion, reduce delays, and enhance public convenience. The reform, led by the Department of Registration and Stamps, supports the broader digitization of property services in the state. The government also plans to enable inter-district registration soon, pending technical integration. The initiative marks a key step in modernizing property transactions and improving citizen access across both urban and rural areas.Read more

The Maharashtra government has approved the permanent transfer of 28 land parcels from PMC and PCMC to Maha Metro, granting it full ownership to develop commercial projects and boost non-ticket revenue for the Pune Metro. While the move supports metro expansion and financial sustainability, the PCMC has raised objections, demanding compensation as per rent policy norms for the 4,886 sq m of land transferred, including 15 sites linked to the Nigdi extension. The land-use decision is critical to the metro's financial model, but municipal pushback may impact implementation timelines if not resolved amicably.Read more

Indospace has leased 1.27 lakh square-feet of warehousing space to Steelcase Asia Pacific Holdings at its industrial park in Pune. The lease, which began on January 29, is for a five-year term at a monthly-rent of INR 46.42 lakh, calculated at INR 36.37 per square-foot. The agreement includes two units, with Steelcase providing a six-month security deposit of INR 2.78 crore. According to the lease terms, the rent will increase by 5% annually. This transaction highlights continued demand for premium warehousing in key industrial hubs like Pune, reinforcing Indospace's position in India's logistics real estate sector.Read more

The Pune Municipal Corporation (PMC) has launched an amnesty scheme to regularize an estimated 200,000 illegal water connections by charging a penalty of INR 4,000. However, only 130 property owners have responded so far. Unlike a 2021 scheme, this initiative includes unauthorized settlements, aiming for broader reach. Despite this, enforcement remains weak due to political resistance and repeated reconnections after disconnections. Legal residents are frustrated by continued water issues while illegal users face little consequence. To strengthen enforcement, ward-level teams have removed 835 illegal connections. The low response highlights the need for stronger policies to ensure fair and efficient water distribution in Pune.Read more

Pune's real estate sector experienced unprecedented growth in March 2025, with property registrations reaching 24,430 units, a 10% increase from the previous year. Stamp duty collections soared to inr 924 crore, marking a 12.4% rise. This surge is attributed to stable economic conditions, infrastructure development, and robust homebuyer sentiment. Central Pune dominated residential transactions, accounting for 76% of the market share. The demand for larger apartments also saw a significant uptick, reflecting evolving buyer preferences.Read more

The Pune Cantonment Board has proposed increasing the Floor Space Index (FSI) from 1.0 to 2.0 for civil areas under its jurisdiction, aiming to modernize outdated norms and support redevelopment. If approved by the Directorate General of Defence Estates, the change will impact over 2,500 properties across six wards. The move addresses long-pending resident demands for flexible construction rules to accommodate growing families. It also serves as a fallback in case the proposed merger with PMC doesn't go through. The PCB consulted COEP Tech to draft the byelaws, aligning with the Defence Ministry's push to update cantonment regulations nationwide.Read more

Once a booming auto manufacturing hub, Chakan is now grappling with serious infrastructure issues that threaten its industrial future. The Federation of Chakan Industries has raised concerns over deteriorating roads, unreliable power, poor waste management, and lack of healthcare, all of which hinder productivity and deter residential growth. Employees are forced to live in distant cities, worsening traffic and urban strain. While authorities have proposed improvements-including a health center, waste processing units, better road links, and enhanced security-industry leaders remain skeptical due to repeated delays.Read more

The much-awaited Pune Metro line between Hinjewadi and Shivajinagar will not begin operations in 2024 as earlier expected. The Pune Metropolitan Region Development Authority (PMRDA) confirmed that only 85% of the project is complete and trial runs may begin by December, pushing the passenger launch to 2026. Developed under a public-private partnership, the line is seen as a major boost for tech professionals commuting between the IT hub and city centre.Read more

Priyanka Chopra's mother, Madhu Chopra, and brother, Siddharth Chopra, have leased their 4,800 sq ft property in Pune's Koregaon Park for INR 2.25 lakh per month. The five-year lease includes a 5% annual rent escalation, starting at INR 2.25 lakh and reaching INR 2.73 lakh by the fifth year, totaling an expected rental income of INR 1.49 crore. Purchased in August 2017 for INR 5.6 crore, the property's rental yield is projected to increase from 4.8% in the first year to 5.86% by the fifth year.Read more

In a bold move to enhance property tax recovery, the Pune Municipal Corporation (PMC) has deployed an all-woman task force, the Damini Squad. The newly-formed squads have already collected over INR 1 crore within just a few days. With property tax dues amounting to nearly INR 10,000 crore, PMC aims to recover a significant portion this financial year, including outstanding amounts from properties and mobile towers.Read more