Latest Realty News

What Pune real estate can expect from the new government
May 16, 2014
PUNE: Even though the BJP-led NDA government has taken up the driving seat, it is only time that will tell how real estate friendly it turns out to be. Real estate is a sector wherein the State government plays a larger role than the Central government, as every state government has its own policies. At this moment in time, what we can hope for is:
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.
Pune: KUL and GEMS Education to launch an international school
Jan 30, 2014
PUNE: Close on the heels of the success of best luxury project at Silicon India’s Pune Real Estate Awards 2014, Mumbai-Pune developer Kumar Urban Development Limited (KUL) along with GEMS Education today announced the launch of a world class international school GEMS Modern Academy(GMA) in Pune.
Hike in ready reckoner rates is anti-middle class: CREDAI Pune
Jan 07, 2014
PUNE: The Confederation of Real Estate Developers' Association of India (CREDAI) Pune and Maharashtra termed the recent changes to the ready reckoner by the State Government as anti-middle class.
Tata Housing Development gives opportunity to book homes online
Dec 13, 2013
PUNE: Tata Housing Development Company has come out with a unique scheme for home buyers bringing them the opportunity to purchase homes online during the great online shopping festival by Google.
Why Pune makes a great investment destination
Dec 11, 2013
PUNE: Being one of the fastest growing IT hubs of India, Pune has a cosmopolitan population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. The city has always been known as the educational capital of India. The infrastructure, financial opportunities and most importantly the climate of Pune make the younger generation want to live here. In addition, its proximity to Mumbai, the financial capital, makes it very convenient to set
Pune sees many locations offering luxury housing
Aug 14, 2013
PUNE: Luxury housing constitutes two-three per cent of the total residential market in Pune. There are currently around 2,000 plus units in the market, including planned and under construction projects, within the price bracket of Rs four crores and above.
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.
Private equity in Pune’s realty segment
Jul 31, 2013
PUNE: Pune has been the fastest growing city for over a decade now, second only to the metros. It has been able to sustain this status mostly because of the well-established manufacturing sector and the thriving IT segment that has made the city its home. There is no dearth of local workers with professional qualifications as the city has numerous colleges offering courses in varied disciplines. Pune is also popular as an ideal city to reside in, not only because of the good schools and colleges
Kalam roots for green buildings, efficient energy usage
Jul 19, 2013
PUNE: Green buildings, sustainable design and green architecture can ensure that the impact of constructions and infrastructure development on the environment is contained, former President APJ Abdul Kalam said at the GreenCo Summit 2013, which was inaugurated in the city on July 15. Kalam advocated continuous research by recyclers, electronic systems manufacturers and user groups to make green energy cost-effective.
Hinjewadi faces an ever-increasing demand for 2-bhk apartments
Jul 17, 2013
PUNE: Hinjewadi, once looked upon as a sleepy countryside area, has been fast evolving into a real estate hotspot. The locality, situated towards the west of Pune city, offers all types of properties for every segment of the society. According to the Data residential properties such as plots and apartments in Hinjewadi, are available within a wide range of Rs 13 lakhs to Rs one crore and above.
Pune’s smart homes revolution
Jul 17, 2013
PUNE: Over the last two decades, Pune rapidly developed a strong IT culture. In the beginning, this culture was limited to employees of the many IT/ITES parks it is home to. However, today it has touched almost everyone who lives in the city. The cyber revolution in this city is inescapable – those who do not own computers visit internet cafes to access the online world. The younger generation below the age group of 30, is defined by connectivity and these are the people who will define Pune’s f
Property values rise; rentals drop in Hinjewadi
Jul 15, 2013
PUNE: Hinjewadi is an excellent example of how the development of an area as a commercial destination, leads to the growth in the residential real estate market too. Until a few years ago, Hinjewadi was seen as a rural area. However, the establishment of the Rajiv Gandhi Infotech Park changed the picture in a radical way. Today, there are more than 20 major IT industries in Hinjewadi, which are fuelling the residential demand in and around the area. The increasing demand for housing has led Hi
Finally, a civic property list for Pune
Jul 09, 2013
PUNE: Ten years after it started collecting the data, the Pune Municipal Corporation (PMC) has finally enlisted civic properties paving the way for asset valuation and bringing transparency in lease contracts.
Supply, demand, high for 2-bhk units on the Vishrantwadi-Tingre Nagar stretch
Jul 08, 2013
PUNE: Are you looking to invest in a 1 or 2-BHK in Pune? The Vishrantwadi-Tingre Nagar stretch can be a good option for property investment. The area offers a gamut of projects. Data shows, in the March-May 2013 quarter, Vishrantwadi witnessed 45 per cent demand for 2-BHK units and 44 per cent demand for 1-BHK apartments.
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.
Upcoming residential options in Keshav Nagar-Mundhwa
Jul 05, 2013
PUNE: The stretch between Keshav Nagar and Mundhwa in Pune is witnessing rampant real estate development. Key upcoming projects along the stretch are, Adrina by Vastushree Developers, Eastern Ranges by Phadnis Properties Ltd and Alcon Silver Leaf by Alcon Builders and Promoters.
Additional FSI sought for Pune housing societies for flood affected
Jul 04, 2013
PUNE: A group of residents have made a demand to the Pune civic administration that it should consider allotment of additional Floor Space Index (FSI) to housing societies for the flood affected people.
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.
Décor options galore in the Mundhwa-Keshav Nagar stretch
Jul 02, 2013
PUNE:The Mundhwa-Keshav Nagar stretch offers land not only in abundance but also at affordable prices. The developers in this belt are offering numerous facilities with their projects such as:
Builders may have to register with Pune Municipal Corporation
Jul 02, 2013
PUNE: The Pune Municipal Corporation (PMC) is planning to start a mandatory registration process for builders so that they can be held accountable for constructions carried out within the PMC limits. No construction projects will be allowed without registration.
Mundhwa to Keshav Nagar is a hotspot for property investment
Jul 01, 2013
PUNE: The Mundhwa-Keshav Nagar stretch is among the many areas in east Pune, which has caught the attention of real estate developers. This less-than-a-kilometre stretch is a fast-developing location, as it offers a convenient drive to the city’s central business district, Camp and the Pune railway station. Easy accessibility has led to the coming up of new projects at different stages of construction and completion.

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