Pimpri Chinchwad joins the Smart Cities Mission
January 2, 2017

In a surprising move, Pimpri Chinchwad has been clubbed with Pune in the smart city proposal prepared by the state government and the same has been approved by the urban development ministry. The city is likely to get Rs 1,000 crore for its projects under the scheme. Pune is among the 10 cities from Maharashtra that have made it into the Smart Cities list. The other cities include Nashik, Greater Mumbai, Aurangabad, Thane, Amravati, Navi… Read More

Pune metro rail project kicks off with surveys
January 1, 2017

The work on Pune metro rail project has finally begun with the commencement of the geo-technical investigations and surveys. The actual construction work is expected to begin around April-May 2017 with the completion targeted for 2021. The Rs 900 crore project will have two corridors stretching 31 km and two dedicated depots. While one 16.6 km long corridor will connect Pimpri Chinchwad Municipal Corporation to Swargate, the other corridor running from Ramwadi to Vanaz will… Read More

Cabinet approves Pune Metro Rail Project Phase 1
December 8, 2016

The Union Cabinet has approved the development of Phase I of the Pune Metro Rail Corridor Project. The project will covering a length of 31.254 km, comprising two lines, namely, corridor-1 (Pimpri Chinchwad Municipal Corporation to Swargate) and corridor-2 (Vanaz to Ramwadi). As per the plan, Corridor-1 will cover a distance of 16.5 km, of which 11.5 km will be elevated and around five km will be underground. Corridor-2, covering around 14.5 km, will be… Read More

Metro projects in Pune and Mumbai to be inaugurated on December 24
December 6, 2016

With Brihanmumbai Municipal Corporation (BMC) scheduled for next year and around Rs 35,000 crore available in the kitty, the present government is working aggressively on the implementation of key metro projects in Maharashtra. In this regard, Narendra Modi, the Prime Minister of India will be inaugurating the Metro projects in Mumbai and Pune on December 24. Earlier, Devendra Fadnavis, Chief Minister of the state have been strongly rooting for executing big-ticket infrastructure projects in Nagpur,… Read More

Press Release

Playtor Childspaces Pvt Ltd. hands over possession of more than 80 units
November 23, 2016

Playtor Childspaces Pvt Ltd. hands over possession of more than 80 units23rd November 2016 Pune-based realtor Playtor Childspaces Pvt Ltd. has successfully handed over the possession of the first lot of its affordable project, which comprises over 80 units. The project was constructed under the Centre’s Pradhan Mantri Awas Yojana (Urban) scheme, which is estimated at over Rs 7.8 Cr.  The company aims to build affordable and child-centric homes at reasonable prices. Read More

Pune civic body projects to benefit from new tax regime
November 10, 2016

With the central government planning a new financial system for civic bodies, Pune may soon witness a new tax regime. This new and innovative mechanism - Value Capture Financing (VCF) - will help Pune Municipal Corporation (PMC) raise funds for infrastructure works. With VCF in place, PMC will be able to raise funds from land value tax, fee for changing land use and zoning relaxation for land acquisition and land pooling system. Currently, the ministry… Read More

Press Release

Kohinoor Group’s project bags ‘Best Residential Project’ award
October 27, 2016

Kohinoor Group’s project bags ‘Best Residential Project’ award27 October 2016 Kohinoor Group’s project in Pune, Kohinoor Grandeur, won the ‘Best Residential Project’ award during the Realty Business Achievers Awards held at the St. Regis, Mumbai. The award was presented to Vineet Goyal, Joint Managing Director, Kohinoor Group by Devendra Fadnavis, Chief Minister of Maharashtra. The project has 187 housing units, comprising 137 2BHK flats and 45 3BHK units with an overall carpet area of 293,362… Read More

New bus corridors proposed between Pimpri-Chinchwad, Pune
October 26, 2016

The Pune Municipal Corporation (PMC) is planning to construct two new bus corridors under the Bus Rapid Transit System (BRTS) expansion plan. The new corridors will connected the dedicated bus routes in Pimpri Chinchwad, from Aundh to Shivajinagar and from Bopodi to Sancheti junction. Officials share that the Nigdi-Dapodi corridor will become operational in a few months while the Kiwale-Sangvi corridor is already functional. The dedicated bus corridors will help provide seamless connectivity between Pimpri… Read More

CREDAI Pune organises training for construction site safety
October 25, 2016

Collaborating with National Safety Council, the Pune wing of Confederation of Real Estate Developers Association of India (CREDAI) organised a training programme to promote safety at constructions sites. The two day programme, meant for engineers and developers, was inaugurated by Dinesh Waghmare, Commissioner, Pimpri Chinchwad Municipal Commissioner (PCMC) and Ratnadeep Hendre, Additional Labour Commissioner. The event was also attended by CREDAI president Kushal J K Shroff, Safety Committee president Ranjeet Naiknavre, CREDAI Pune Metro president Shantilal… Read More

Pimpri forum demands Metro route extension till Nigdi
October 20, 2016

The Pimpri Chinchwad Citizens Forum (PCCF) has demanded an extension of the Swargate-Pimpri Metro route till Nigdi in the first phase itself. PCCF has also appealed to citizens to support this demand by signing an online petition so that it can be sent to the Union and state governments. The petition will put forth the demand to Prime Minister Narendra Modi , Venkaiah Naidu (Union urban development minister), Devendra Fadnavis (state chief minister), Girish Bapat… Read More

HIA suggests Hinjewadi decongestion plan
October 8, 2016

With an aim to unclog traffic and improve road infrastructure in Hinjewadi, the Hinjewadi Industrial Association (HIA) has submitted a proposal to Subhash Desai, Industries Minister. As per the plan, a road will be constructed between Mahalunge and Infosys Phase I Circle Road. The members of HIA shared the proposal keeping in mind the traffic situation in Pune’s Information Technology (IT) hub which is expected to worsen in future. Sunil Advani, Managing Committee, HIA, shared… Read More

Pune Municipal Corporation extends deadlines for defaulters
October 7, 2016

Pune Municipal Corporation (PMC) has extended its scheme under which tax defaulters and owners of illegal properties have a chance to come clean. The amnesty scheme offers a discount of 75 per cent on the penalty amount to those clearing tax dues by November 15. Further, owners of illegal properties can avail a 50 per cent discount if they clear their taxes by December 31. PMC shared that about Rs 2,100 crore of property tax… Read More

Government announces new Pune airport at Purandar
October 7, 2016

The Maharashtra government has decided that the proposed Pune airport will be developed at Purandar. Devendra Fadnavis, Chief Minister of Maharashtra, has announced that the new airport will be spread over 2,400 hectares and the site for the same has received the Airport Authority of India’s (AIA) approval. The approved site is located towards the south of Pune and is about 20 km away from the city. The airport is proposed to have two airstrips,… Read More

Press Release

Carcanet Infra launches township project in Pune
October 3, 2016

Carcanet Infra launches township project in Pune 3 October 16 Pune Carcanet Infra Projects announced a new township project in the outskirts of Pune called Royal Purandar. The project was launched by model and actor, Milind Soman, who will also be the brand ambassador. Royal Purandar, which will be in proximity to the upcoming Pune International airport, will be a 160 acre establishment, including N.A plots and villas.       Read More

Pune Municipal Corporation to start geo-tagging of real estate properties
September 28, 2016

Pune Municipal Corporation (PMC) is all set to initiate geo-tagging of real estate properties in the city using Geographical Information System (GIS). PMC will be deploying about 2,000 people for the entire exercise. Currently, Pune has 8.3 lakh properties, including one lakh commercial and around seven lakh residential developments. The city is also home to 29,000 open plots and 14,000 properties that are a mix of commercial, residential, and open units. The administration is aiming… Read More

Pune Smart City to integrate European solutions
September 27, 2016

With the aim of using European technology for Pune Smart City plan, Pune Smart City Development Corporation Ltd (PSCDCL) has tied up with European Business and Technology Centre (EBTC) through a Memorandum of Understanding (MoU). The firm is a not-for-profit organisation, which promotes and customises European solutions to suit local needs. Kunal Kumar, Municipal Commissioner, Pune Municipal Corporation (PMC) averred that this partnership will provide global outlook on local issues, which will enhance the initiatives… Read More

Press Release

Kotle Patil Developers completes Pune-based project, Margosa Heights
September 20, 2016

Kotle Patil Developers completes Pune-based project, Margosa Heights20 September 2016 Kotle Patil Developers announced the completion of Margosa Heights, situated in Mohammadwadi, on the outskirts of South Pune. To carry out the project, a special purpose vehicle – Bellflower Properties Private Limited – was formed in joint venture with and Atlanta-based Portman Holdings. The project completion saw the Pune-based developer generate an IRR of 36 percent. Read More

Pune Metro rail project receives push from Mayor’s office
September 20, 2016

The Pune Metro rail project received a much-needed push after the Pune Mayor’s office asked the union government to approve the same. Recently, the Metro project received a loan boost of Rs 6,325 crore from World Bank and the Asian Infrastructure Investment Bank (ADB), shared Girish Bapat, Guardian Minister. Meanwhile, Prashat Jagtap, Pune Mayor, shared that while the funds have been received, the union government needs to provide its approval for the project to kick off. The Pune Municipal Corporation had sought… Read More

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