Latest Realty News

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.
Pune’s new ‘green living’ is a fast-emerging concept
Jun 27, 2013
PUNE: Over the last decade, people’s lifestyles have evolved into an important and often decisive factor in the Indian real estate industry. With the increasing presence of the IT/ITeS sector in many cities of the country, a large segment of Indian home buyers have entered a higher level of affordability and therefore, tastes in homes. This has led to a greater emphasis on larger sizes, evolved ambience and interior décor in the choice of properties.
PMC will start collecting 2 per cent fine on property tax dues
Jun 26, 2013
PUNE: The Pune Municipal Corporation (PMC) will start collecting 2 per cent fine on property tax dues from July 1.
Affordable properties in Ravet-Tathawade
Jun 24, 2013
PUNE: If you are looking for an affordable abode in Pune, the stretch from Ravet to Tathawade could well be your choice of destination. Starting from Ravet through Ravet Village Road, Kalewadi Main Road and finally Tathawade, one can find new residential projects by Lodha Group, Bhojwani Homes and Goel Ganga Developers, coming up in another two to three years.
Maximum demand for 2BHKs in Dhanori
Jun 22, 2013
PUNE: Dhanori, located along the eastern side of Pune, is becoming a popular destination for those looking for 2BHK units. According to data with MagicBricks.com, in Dhanori, 2BHK apartments accounted for the maximum supply at 49 per cent during the Jan-Mar 2013 quarter.
Towards better roadways in Pune
Jun 20, 2013
PUNE: There are often comparisons made between the infrastructure of Mumbai and Pune. The popular consensus seems to be that both cities are equally challenged as far as supportive infrastructure is concerned. This is inappropriate for two reasons – one, Mumbai’s growth pattern has been very different from Pune’s.
Nanded City township project plans urban organic agriculture
Jun 19, 2013
PUNE: Nanded City, a 700-acre integrated township being developed on the outskirts of Pune along the lines of Magarpatta City, plans to propagate the concept of urban organic agriculture.
NIMB road-Undri belt scores on accessibility and connectivity
Jun 18, 2013
PUNE: There are many areas in Pune that have witnessed tremendous growth over the years, especially in terms of infrastructure and connectivity. This development has changed the look of several areas altogether. The NIBM Road-Undri belt has affordable and profitable options closer to the city. This four-kilometre stretch is accessible and convenient and offers opportunities within a few minutes drive from Pune.
Wakad realty thrives on road connectivity
Jun 17, 2013
PUNE: Wakad, located in West Pune, was once known as an extension to Pune with no infrastructure and connectivity. Today, the locality is witnessing massive real estate development. Connectivity, infrastructure and transport facilities are the prominent features that have turned into its favour.
Five crore sq ft of office space lying vacant: JLL report
Jun 13, 2013
PUNE: Around 5 crore (50 million) sq ft of office space across the country is currently lying vacant, while the current demand is around 3 crore sq ft, annually according to the findings of real estate consultancy company Jones Lang LaSalle (JLL).
Dighi-Dhanori-Lohegaon offers properties in the budget range
Jun 04, 2013
PUNE: The 1.5 km road from Dhanori to Lohegaon, clubbed with nearby Dighi, has witnessed increased real estate activity in recent times. Availability of large land parcels has been a major attraction for many developers to launch their projects along this stretch. Data with MagicBricks.com states that approximately, 10 per cent of the new properties available in the city are along this area.
JLLI closes Pune's largest M&A deal of 2013 at Blueridge SEZ, Hinjewadi
May 30, 2013
Leading international property consultants Jones Lang LaSalle India have successfully concluded the largest M&A real estate deal in Pune this year to date. Acting on behalf of the company holding BlueRidge Special Economic Zone (SEZ) Phase 1, the Firm's Capital Markets team has successfully facilitated the sale of 100% equity in the company to IDFC Limited, one of India's largest domestic financial institutions.
Land acquisition for theme park in Malvan to start
May 29, 2013
: In the pipeline for the last three years, work on the ambitious Oceanarium-based theme park might just taken off now. The Maharashtra Tourism Development Corporation has issued a government resolution to acquire 1,400 acres of land in Tondavali-Vayangani villages in the Malvan tehsil of Sindhudurg district, where the park showcasing sea creatures from around the world will be located.
Credai fears slew of VAT-related litigation
Nov 03, 2012
PUNE: The Confederation of Real Estate Developers Association of India (Credai), Pune Metro, said on Friday that the state government's decision to stick to its stand on the Value Added Tax (VAT) on residential properties in the state - sold during the period June 2006 to March 2010 - will lead to multiple legal cases and cause ill-will between the developers and home buyers.
Urban ecology policy can make a difference-Pune
Oct 07, 2012
PUNE: Unplanned expansion of the city, changing land use, depleting forest cover, loss of productive agricultural land, increasing rainfall runoff, and depletion of the water table in the last few years have highlighted the need for an urban ecology policy in the Development Plan (DP) for 2007-2027. According to experts, an urban ecology policy will help understand urban systems in the city an

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