Latest Realty News

PCMC razes just 1% of illegal buildings
Sep 15, 2014
The Pimpri Chinchwad Municipal Corporation (PCMC), which has pulled down 680 of 66,000 unauthorized constructions in the past two years, is yet to receive government response on regularization of illegal buildings
Realty boom adds to PCMC’s revenue
Apr 09, 2014
PUNE: In 2013-14, the department had set a revenue target of Rs 327 crore, but ended up earning Rs 335 crore. Pathan attributed the increase in revenue to simplified procedures. “The department has to grant the building permission to the applicant within two months of the application if he has fulfilled all the necessary conditions. Earlier, we required around two months to give the permission as the officials had to conduct physical verification of property ownership documents. Now, online scru
Notices, bands net Rs 310 crore property tax
Apr 07, 2014
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has collected an all-time high annual property tax of Rs 310 crore.
Is metro a panacea to Pune’s commuting woes?
Feb 18, 2014
PUNE: The in-principle approval of the Pune metro rail project heralds the possibility of an infusion of new life into the city’s challenged infrastructure. The metro has the potential to overcome the limitations of Pune’s road network.
Projects worth crores approved in hush-hush meets of PMC & PCMC
Jan 14, 2014
PUNE: The standing committees of both Pune and Pimpri-Chinchwad municipal corporations collectively decide the fate of projects worth over Rs 3,000 crore every year. At every meeting held once a week, several projects are approved without any discussion. And though the standing committees decide on public projects, citizens as well as journalists are barred from attending the meetings, which are held in a closed-door hall at the civic headquarters.
Nature-endowed homes on the outskirts of a city
Jan 14, 2014
PUNE: Wakad was a nondescript village with 5,000 locals, who farmed sugarcane, onion and groundnut in its rich, black, fertile soil. In 1983, the Pimpri-Chinchwad Municipal Corporation (PCMC) acquired 50 per cent of Wakad. By 1998, PCMC counted Wakad as one of its areas.
Location and affordability attract home buyers to Charoli
Nov 19, 2013
PUNE: If not Kalyani Nagar, Viman Nagar or Koregaon Park, then what? Can it be Charoli? The area which is located in the northern part of the city, not only offers a location advantage but also provides affordable real estate properties. “Areas such as Kalyani Nagar, Viman Nagar and Koregaon Park, the time-honoured residential destinations for the high-salaried IT class, have already reached a saturation point. The options which are left are exceedingly expensive and beyond the reach of middle-i
Panel for housing zone over libraries, schools in Pune
Oct 29, 2013
PUNE: The state-appointed planning committee has recommended that 1.71 lakh square metre land, which was reserved for 13 civic amenities in the draft development plan (DP) of Tathawade village in Pimpri Chinchwad, be earmarked as residential zone.
PCMC to conduct audit of civic buildings
Sep 13, 2013
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) will conduct a structural audit of its properties that are more than 30 years old. The assessment of other important civic properties will be carried out in the second phase.
PCMC to conduct property survey
Aug 12, 2013
PUNE: The PimpriChinchwad Municipal Corporation will start a survey of properties within the municipal limits from September 1.
Pune gears up for affordable housing
Aug 10, 2013
PUNE: Affordable housing is a term we use for the residential units in India’s urban areas, which are affordably priced, with respect to the households that fall within a specific limited income range. There is no single set of parameters to define what an affordable housing unit should cost in India. This is because the pricing and feasibility of the developers of affordable housing, is a function of the city, the location within the city, the type of project being built and also the constructi
Low cost homes in East Pune
Aug 06, 2013
PUNE: East Pune localities such as Kharadi, Wagholi and Hadapsar, which offer one and 2-BHK properties in the Rs 20-40 lakh price range, are witnessing large scale consumption of residential spaces. Old residents of the city reminisce how these areas grew with the boom in real estate witnessed a decade ago. Wing Commander Atul Chandra, who has made this city his home since the late 1990s, remembers his weekly rounds to the Hadapsar sabzi mandi.
Pune civic body collects Rs 500 crore as property tax
Aug 05, 2013
PUNE: The civic administration has collected Rs 500 crore from property tax since the start of new financial year. Total 5.58 lakh property owners have paid their tax since April 1.
Pune's 'queen of the suburbs'
Jul 09, 2013
PUNE: The western side of Pune is advantageously connected to the expressway which allows easy and speedy access to Mumbai. It also has the major Information Technology (IT) Parks of Hinjewadi, Baner and Aundh in the neighbourhood, while also offering great connectivity to the industrial pockets of Chakan, Pimpri Chinchwad Municipal Corporation and Talegaon. Apart from these economic drivers, Pune's western side is high on serenity and natural beauty, which obviously contributes to its popularit
Credai objects to blaming builders for accidents
Jul 05, 2013
PUNE: While welcoming the Pune Municipal Corporation’s (PMC) announcement that city builders will have to register themselves, the Pune Chapter of the Confederation of Real Estate Developer’s Associations of India (Credai) has questioned the civic body’s authority to affix responsibility on developers in the case of accidents, like building collapse.
PCMC rakes in Rs 144 cr property tax in 3 months
Jul 04, 2013
PUNE: The property tax department of the PimpriChinchwad Municipal Corporation (PCMC) has collected Rs 144.48 crore in the first three months of the financial year.

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