Latest Realty News

Jul 29, 2015
PUNE: Sales and new project launches in the country's real estate sector are recording a dip, but analysts observe that Pune continues to see an increase in sales and prices.
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
Changing Demographics Boosting Pune Real Estate Demand
Jan 08, 2014
PUNE: We already know that Pune is no longer just a Pensioner’s Paradise (though it still is the #1 city of choice for retiring people in Maharashtra). At least three other factors now define Pune – the growth of the Information Technology, the massive spread of organized retail and the city’s changing demographics.
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
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.
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.
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.
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.
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.
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.
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.

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