Latest Realty News

Pune: Gaining metro recognition
Mar 26, 2014
PUNE: While most of the metro cities are dealing with the problems of increasing urbanisation and the load on the land and infrastructure has led to several issues, there are cities like Pune, which seem to be learning from the mistakes of these metro cities and the late-movers’ advantage seems to be helping the city grow holistically, in terms of its real estate developments and infrastructure issues. What makes the case of Pune even more unique and the reason why it is rated as better than the
PCMC doubles property tax for illegal buildings
Nov 28, 2013
PUNE: Owners of unauthorized constructions in Pimpri Chinchwad will have to pay double theproperty tax. The civic body will soon start issuing tax bills for 2012-13 and for 2013-14.
Rental market shows upward trend in Boat Club Road, Pune
Nov 26, 2013
PUNE: The rental values in Boat Club Road have increased by more than 20 per cent in the July-Sept 2013 quarter, as per research. “Boat Club Road, along with its neighbourhoods Bundgarden and Dhole Patil Road, is arguably one of the best locations in Pune, in terms of connectivity and up-market feel. There are about 60 per cent investors who are well-off and have spare money to invest. They are reaping high returns today. Several Bollywood celebrities have also invested in proper
Marunji Road: Destination next in Pune
Oct 28, 2013
PUNE: The Hinjewadi IT Park is an outstanding success story in its own right. It has single-handedly boosted Pune’s profile on the national and global business map. The effect that the Hinjewadi IT Park has had on the type of demand for residential spaces in the adjoining areas like Marunji road is a textbook case of the IT industry and its accompanying culture dictating the shape and form of a market. Real estate investors and developers are quite confident that the area will be one of the most
PMC to check 50k residential properties for commercial use
Oct 18, 2013
PUNE: Nearly 50,000 properties in the city will be screened from November for commercial use of residential properties. The civic administration hopes to increase property tax revenue by Rs 50 crore.
Flat owners advised caution over VAT payment to builders
Oct 01, 2013
PUNE: Citizens’ groups and consumer forums have appealed to flat owners to refrain from hurriedly paying Valued Added Tax (VAT) to builders, following the Supreme Court’s decision.
Credai creates forum for global exposure
Sep 25, 2013
PUNE: The Confederation of Real Estate Developers Associations of India, Pune Metro, has created an International Business Forum (CIBF) for its members to interact with companies and consultants in other countries with a view to promote trade, technology and knowledge exchange among developers.
Skyscrapers changing the face of Pune
Sep 25, 2013
PUNE: Pune’s growth and development has coincided with the boom of the IT industry. From the erstwhile bungalows and row houses, its skyline was defined by 35-metre apartment developments in the late twentieth century and is now seeing skyscrapers tall enough to capitulate Pune to the ‘developed cities’ club. Besides, the vertical developments have helped in freeing the available ground space, providing better scope for landscaping and economising of services in comparison to any other normal de
‘Infrastructure should match realty growth’
Sep 25, 2013
PUNE: Real estate development is happening in the city at a steady pace, but the municipal administration will have to match this progress with infrastructure development so that there is no mismatch between growth of construction and civic amenities, said real estate developers on 22.
Music bands in Pune help recover property tax dues
Sep 18, 2013
PUNE: The civic property tax department’s initiative to play music outside defaulters’ properties has yielded Rs 8 crore in the last six days, with many of the defaulters coming forward to pay the dues.
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.
Govt mulls Singapore model of development for cities
Sep 09, 2013
PUNE: The Central government is mulling the Singapore model of development planning for Indian cities, where the plan is drafted for 30-50 years instead of the current 10-20 years.
An integrated township encompasses all aspects of modern day living within a secure gated community
Aug 30, 2013
PUNE: A homebuyer in an integrated township can be assured of a vastly improved quality of life. Away from the chaos of city life, integrated townships promote holistic living and appeal to every age group – the young, the middle-aged and the elderly. More and more homebuyers are opting for township projects today because of the numerous benefits they offer.
Pune’s Magarpatta belt offers quality and affordable housing
Aug 29, 2013
PUNE: Situated on the eastern side of Pune, Magarpatta is close to the Kharadi EON IT Park, Kalyani Nagar, Koregaon Park, Fatima Nagar and the Hadapsar Industrial Estate. Crossing the north main road towards Koregaon Park Annexe and approaching Mundhwa Road, the new DP Road will connect Koregaon Park to Magarpatta.
Offering affordable housing: Chakan, Pirangut and Moshi
Aug 27, 2013
PUNE: With affordable housing options reducing in many real estate markets of big cities, Pune is one city that is still offering homes that fit smaller budgets. According to industry players, 70 per cent demand in the segment is for affordable housing while 30 per cent is for high-end or from the upper middle-class segment in Pune. Localities such as Chakan, Moshi and Pirangut, are largely catering to this demand. As per research from, these localities offer properties within th
Small apartments see high sales in Chakan, Moshi and Pirangut
Aug 21, 2013
PUNE: With the presence of IT companies, educational institutes and organisations from other industries, the residential market in pockets like Chakan, Moshi and Pirangut have grown exponentially. The influx of young people who have moved to the city for jobs or studies, are driving the demand for smaller apartments.
Kalyani Nagar-Koregaon Park: Redefining comfort and luxury in real estate
Jul 31, 2013
PUNE: The Kalyani Nagar-Koregaon Park belt is one of the prime centres for real estate development in Pune. Although the amenities differ from project to project, a number of properties are coming up with facilities including the following:
Procedure for registrar to bring defect to notice of society
Jul 24, 2013
PUNE: The procedures for the Registrar to bring defect, disclosed in inquiry or inspection to notice of the society is as follows:

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