Latest Realty News

Unfriendly budget, say developers
Feb 18, 2014
PUNE: Finance minister may have responded to the auto sector issues but has let down the real estate sector, said players from the construction industry reacting to the budget on February 17.
Pune sees highest office space addition in Q4 2013
Feb 14, 2014
PUNE: Close to 7.3 million sq ft of office space supply entered the market in Q4 2013, as compared to less than 3 million sq ft in Q3 2013, in the city of Pune. This was led largely, by a number of commercial realty and SEZ developments that had been delayed over the previous two quarters, and were finally completed in Q4 2013. Pune led these project completions, followed by Bengaluru and Hyderabad, together, contributing to about 71 per cent of the total new supply in India’s top office markets
Office space absorption drives residential market of Pune
Feb 12, 2014
PUNE: Pune’s property market remains buoyant and expectant about the upcoming year, despite the economic slowdown and the general mood in the market. Given its performance last year, of being the second highest office space growth market after Mumbai, Pune’s realty sector is all set to get a boost this year. Infrastructure has always remained one of the leading factors for driving this growth. Great connectivity to Mumbai and a slew of projects on the anvil, such as the metro rail and Bus Rapid
Expat Indians drive demand in Pune’s real estate market
Feb 08, 2014
PUNE: IT driven locations, across the country, have been witness to the migration of large educated workforce, be it Bengaluru, Gurgaon or Pune. This upwardly mobile, well-earning and lifestyle-driven class, hence, becomes a key demand driver for property in the given city. In Pune, the expat Indians have thus, emerged as the key demand drivers for property. The rise and growth of Pune, in terms of its overall economics, also suggests that the large workforce will have a major share in creating
Expat Indians drive demand in Pune’s real estate market
Feb 06, 2014
PUNE: IT driven locations, across the country, have been witness to the migration of large educated workforce, be it Bengaluru, Gurgaon or Pune. This upwardly mobile, well-earning and lifestyle-driven class, hence, becomes a key demand driver for property in the given city. In Pune, the expat Indians have thus, emerged as the key demand drivers for property. The rise and growth of Pune, in terms of its overall economics, also suggests that the large workforce will have a major share in creating
Expat Indians drive demand in Pune’s real estate market
Feb 06, 2014
PUNE: IT driven locations, across the country, have been witness to the migration of large educated workforce, be it Bengaluru, Gurgaon or Pune. This upwardly mobile, well-earning and lifestyle-driven class, hence, becomes a key demand driver for property in the given city. In Pune, the expat Indians have thus, emerged as the key demand drivers for property. The rise and growth of Pune, in terms of its overall economics, also suggests that the large workforce will have a major share in creating
Is it a good time for end users to buy their home?
Jan 30, 2014
PUNE: The real estate market is gradually maturing in India and therefore, it elegantly overcomes all the challenges. After the economic slowdown and a series of setbacks, the realty market has been bifurcated into two parts i.e. the realty market from the perspective of investors, and from the standpoint of end-users. Experts believe that the current realty market of Mumbai and Pune, are to remain subdued from the investors’ point of view but if you are an end-user, then this can be a good chan
Pune’s Koregaon Park: The elite’s delight
Jan 29, 2014
PUNE: Koregaon Park is arguably the swankiest and among the most expensive real estate destinations in Pune. Even before the Osho Commune was established here in the 1970s, it was a location of choice for bungalows. After the arrival of the Commune, it became one of the primary congregation hubs for multinational travellers. The existence of the Osho Commune has transformed Koregaon Park beyond recognition. It now has its own identity, which is very different from that of any other area in Pune.
Now, PCMC tax defaulters to face music
Jan 27, 2014
PUNE: After Pune, it is now the turn of the property tax defaulters in Pimpri Chinchwad to face the music, literally. The Pimpri Chinchwad Municipal Corporation will start sending brass bands to play music in front of the defaulters’ houses from January 27 onwards till March 31.
Inner city of Pune needs urban renewal
Jan 23, 2014
PUNE: Pune’s pace of urban growth has been unparalleled, with the increasing number of migrants. This influx has required major infrastructure upgradation on all fronts, including road connectivity, parking facilities, public transport and electricity and water supply. It is also clear that Pune’s growth is not a temporary phenomenon – the city will expand exponentially in the years to come, both, geographically and in scope. If the development authorities do not take a realistic look at what th
Pune realty growth more organized than Mumbai
Jan 15, 2014
PUNE: Most of the urban cities that grew beyond the major metropolis have overshadowed the parent city for reasons more than one. While the growth of these new cities in terms of infrastructure has been better and organised, it has been well supported by the growth of economic activity. Is Pune growing at the cost of Mumbai and overshadowing the peer big city?
Now, get building permission information on PCMC’s website
Jan 14, 2014
PUNE: Citizens can now access all the details about the building permissions sanctioned by the Pimpri Chinchwad Municipal Corporation (PCMC) since 1982, on the civic body’s website.
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.
BT Kawade Road: A place for well-heeled home buyers in Pune
Jan 13, 2014
PUNE: If you are searching for a rental accommodation in a locality that has good schools for your kids, shopping malls to keep you busy over the weekends and smooth connectivity to other parts of the city, then BT Kawade Road could be the potential location. Here are some of the major factors as to why this area is preferred by people looking for a home on rent:
Developers to meet Maharashtra revenue minister
Jan 10, 2014
PUNE: Representatives of Credai Pune Metro will meet the state revenue minister on January 10 to discuss their concerns over the steep rise in the ready reckoner rates for properties in the state, which the government has implemented from January 1.
PMC body earns Rs 670 crore from property tax
Jan 10, 2014
PUNE: The Pune municipal corporation (PMC) has earned around Rs 670 crore from property tax since the start of the current financial year i.e. April 2013.
Pune looks forward to a giant leap in 2014
Jan 09, 2014
PUNE: It has indeed been an interesting year for Pune’s property market in 2013. At a time when the markets across the country were by and large subdued, Pune had been growing at a steady pace and even appeared on the luxury landscape during the year. There have been multiple demand drivers behind Pune’s growth during the year and it is generally believed that once the economic outlook in general is brighter, Pune may be witness to better appreciation than even the neighbouring Mumbai property m
No choice but to pass on hike to buyers: Pune builders
Jan 06, 2014
PUNE: The overall rise in the ready reckoner (RR) rates for various parts of the city and suburban areas will add to the financial burden of prospective home buyers, real estate developers said.
PMC may not hike property tax next fiscal
Jan 06, 2014
PUNE: Chances are that citizens will not be burdened with an increase in property tax in the next financial year. The civic administration has submitted a proposal to the standing committee, suggesting that the levy should not be hiked.
Koregaon Park realty tops rate chart in Pune
Jan 06, 2014
PUNE: The rise in ready reckoner rates for 2014 may have dropped compared to 2013, but the growth story for some city areas remains robust. The rates for residential areas have remained high for Koregaon Park, Erandawane, Shivajinagar, Kothrud and Kalyaninagar. In Pimpri Chinchwad municipal corporation limit, areas including Pimple Gurav, Pimple Saudagar, Wakad and Pimple Nilakh have registered higher rates. Interestingly, apart from fringe areas that are recording growth, there is much activity
Ready reckoner rates up by 5-10% in Pune
Jan 03, 2014
PUNE: There is a 5 to 10% increase in the ready reckoner rates for the city and Pimpri Chinchwad while it is between 10-15% in the rest of the state. The state government on December raised the rates for properties which will come into effect from January 2014.
A blue print for planned realty development in Pune
Dec 31, 2013
PUNE: Although the process of urbanisation can beautify a city, unplanned development often results in increased burden on land and infrastructure. As Pune is witnessing rapid growth, many urban analysts are wondering whether the city will turn into an urban nightmare. The city stands at a crucial juncture, as in a few years, it may become too late to take corrective measures.
Retailers in Pune ditch go-it-alone idea for large malls
Dec 30, 2013
PUNE: The city’s large-format retail is witnessing a shift as standalone locations are losing their appeal while presence in a big multi-channel mall seems to be making greater business sense for retailers.
Credai supports PMC’s new ways of approval to clear building plans
Dec 27, 2013
PUNE: The Confederation of Real Estate Developers’ Associations of India (Credai) Metro has welcomed the procedural changes in project approvals brought about by the Pune Municipal Corporation (PMC).
FSI incentives also offered to existing proposals
Dec 12, 2013
BANGALORE: Floor Space Index incentives are offered not only to fresh proposals but also to the existing realty proposals. Housing societies of landlords or occupiers may convert their earlier proposals in accordance with the modified regulations, provided the redevelopment scheme is in progress and has not been completed, i.e. where full occupation certificate is not granted.

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