Pune: Cantonment Board to conduct survey of defence land
March 29, 2019

Keeping in mind the persistent issue of management of defence land, the Pune Cantonment Board (PCB) will soon be conducting a survey to identify encroachments on such land parcels within its jurisdiction. As per the directives of the Director General of Defence Estates (DGDE), as many as 62 cantonments across the country have to conduct this survey and submit their reports by 31st March 2019. The authorities have been directed to conduct differential geographic positioning system (DGPS) aided surveys in order to match the records with reality. Citing administrative issues as the reason behind the delay in commencement of the…

Maha Metro approves Chinchwad-Nigdi corridor in Pune
March 18, 2019

The Maharashtra government has recently approved the extension of the Pune Metro from Chinchwad to Nigdi. The Maharashtra Metro Rail Corporation Limited (Maha Metro) had prepared the Detailed Project Report (DPR) as per the demand made by the Pimpri Chinchwad Municipal Corporation (PCMC) in December 2018. Meanwhile, the metro authority is working on the DPR for the Swargate to Katraj route. The extended stretch of the Pune Metro would be 4.41 km long. Brijesh Dixit, General Manager, Maha Metro, has shared that the construction of the PCMC to Nigdi corridor will commence soon. The extended metro corridor will provide seamless…

Pune: Govt fixes TOD zone in 500 m radius around metro stations
March 16, 2019

The Maharashtra government has announced Transit-Oriented Development (TOD) in a 500 m radius around metro stations in Pune. Along with this, the State government has also fixed the maximum permissible Floor Space Index (FSI) at four. The FSI will be decided on several parameters such as road width and the size of the plot. Officials have shared that the government has directed the Pune Municipal Corporation (PMC) to carry out an impact assessment study of the policy and draft a comprehensive action plan for the same. The drafted policy will remain open for a month for suggestions and objections. The move…

Hyderabad and Pune ranked best cities to live in: Report
March 14, 2019

Hyderabad has bagged the top spot for the fifth time, consecutively in Mercer’s Quality of Living (India) Rankings - 2019. The city shared its ranking with Pune and jointly stood at the 143rd position across the globe. Substantial investment in public and economic infrastructure along with the availability of local and international talent are some of the USP’s of these cities that helped them bag the top position. In 2018, both the cities were jointly placed at the 142nd spot. According to the report, drop in their rankings can be attributed to the relative movement of other neighbouring cities across…

Maharashtra approves Rs 1,722 crore for projects within PMRDA limits
March 13, 2019

The Maharashtra government has sanctioned a sum of Rs 1,722 crore for several infrastructure projects falling under the Pune Metropolitan Region Development Authority (PMRDA) for the coming financial year, 2019-20. Officials have shared that about 23 percent of the total budget would be utilised for the development of the Hinjewadi to Shivajinagar Metro corridor. Around 33 percent of the budget would be spent on the construction of the ring road. Along with this, the State government has given its nod to the appointment of a consultant to draft a comprehensive and integrated plan for water supply scheme, waste water treatment, rainwater harvesting, and solid…

PMC appeals to fix vertical construction limit near defence areas
March 9, 2019

The Pune Municipal Corporation (PMC) has requested the State government to set the height of the proposed construction in the funnel zone of the Lohegaon airstrip and the National Defence Academy (NDA). As per the Color Coding Zoning Map (CCZM) issued by the Indian Air Force (IAF), the developer has to avail a site elevation certificate from the Survey of India (SOI) and a No-Objection Certificate (NOC) that intends at regulating heights of structures and buildings near defence areas. The NOC is mandatory for developments that fall within a six km radius from the runways of the NDA and the IAF,…

Pune civic body to widen Pune-Mumbai highway stretch near Bopodi
March 7, 2019

Commuters travelling through the Pune-Mumbai highway are set to get relief as the State government has recently demolished a chawl near Palange in Bopodi, paving the way for road widening project. Besides, road widening work on the congested Bopodi Chowk is fast advancing. Once completed, the highway would ascertain congestion-free travel on the stretch of the highway. A 12-km-long stretch of the highway between Nigdi to Harris Bridge falls under the ambit of Pimpri Chinchwad Municipal Corporation (PCMC). The Pune Municipal Corporation (PMC) had added two additional lanes to the highway from Harris Bridge to Palange chawl in Bopodi. Two…

MHADA to offer 4,755 homes under PMAY
March 5, 2019

The Maharashtra Housing and Area Development Authority (MHADA) is going to offer a total of 4,755 houses in Pune under three housing schemes under Pradhan Mantri Awas Yojana (PMAY) to people belonging to Low-Income Group (LIG), Middle-Income Group (MIG) and High-Income Group (HIG). Officials have shared that the houses will be allotted to people living in Pimpri Chinchwad, Solapur, Sangli, and Kolhapur at rebated rates, 25 percent less than the quoted price, through a lottery system. Interested homebuyers can register themselves on https://lottery.mhada.gov.in Areas Number of houses Pune 4,238 Solapur 358 Sangli 136 Kolhapur 23   Uday Samant, Chairman, MHADA,…

Maharashtra sanctions Rs 530 crore for Nagpur and Pune Metro projects
February 28, 2019

The State cabinet in its Interim Budget for 2019-20 has approved Rs 530 crore collectively for the Nagpur and Pune Metro projects. The revised estimate of the projects, which will be announced at the end of FY 2018-19, is anticipated to be more than the sanctioned amount. The government has increased the revised estimate of both the projects approved for FY 2018-19. For Nagpur Metro, it sanctioned Rs 460 crore as against the budgetary estimate of Rs 310 crore, whereas Rs 472.77 crore were approved against the budgetary estimate of Rs 130 crore for the Pune Metro Project. Of the…

Press Release

GERA Developments rated AA (-) by CARE Ratings
February 28, 2019

GERA Developments rated AA (-) by CARE RatingsFebruary 25, 2019 GERA Developments Pvt. Ltd. with its legacy of 48 years in the real estate business has been assigned as the  “Highest Rated Private Developer” in India and is amongst the top seven companies in the AA (-) and above categories in pan India. In fact, the company is the only developer from the private sector to be in AA (-) and the above categories alongside its peers from the public space domain. The company is majorly engrossed in the residential and commercial developments and operates in different cities such as Pune, Bangalore, and…

PMC seeks approval to hand over land for Pune metro rail project
February 18, 2019

Pune Municipal Corporation (PMC) has recently sought permission to rent 17 land plots worth Rs 20.68 crore to Maharashtra Metro Rail Corporation (Maha-metro) for the development of Pune metro rail project. The agreement is for the next 30 years, and the annual lease rent is Re 1. The proposal has already been tabled before the city improvement committee. According to the agreement, PMC is financially responsible to the tune of Rs 951.6 crore for the implementation of the metro rail project. A total of 17 lands, measuring 3,041 sq m will be leased out for the project in the first…

Pune civic body collects Rs 1,031 crore as property tax
February 14, 2019

The Pune Municipal Corporation (PMC) has generated a total sum of Rs 1,031 crore through property tax since April 1, 2018 to till date. As per the PMC officials, the revenue from property tax is expected to go up for the upcoming fiscal year, 2019-20 as more properties have been registered within the PMC limits. The civic body has nearly 1.67 lakh registered properties in the newly merged 11 villages. The total number of properties in the municipal limits has reached 10 lakhs. The civic body is aiming to churn a revenue of Rs 64 crore via property tax on…

Pune Municipal Corporation may undertake town planning schemes
February 7, 2019

The government may allot 500 acres of land to Pune Municipal Corporation (PMC) for undertaking development under the Town Planning (TP) scheme in future. The TP schemes will benefit areas such as Balewadi, Baner, Mundhwa and the 11 villages which were newly merged. As per a PMC official, the civic body is currently checking the viability of the projects, and the Detailed Project Report (DPR) for the same would be prepared in future. Rajendra Raut, Official, Building Permission Department, PMC, said that the corporation is presently laying focus on Balewadi, Baner and Mundhwa since these areas are ideal for TP…

Pune to construct 71 km of Light Rail Transit
February 7, 2019

In a major connectivity boost, the Light Rail Transit (LRT) in Pune could soon become a reality. The project which has been included in the Comprehensive Mobility Plan (CMP) by the Pune Metropolitan Region Development Authority (PMRDA) and L&T Infra Engineering, would be built in two phases. The first corridor of the project would extend from Sinhagad Road to Veer Baji Pasalkar Chowk to Pune Cantonment and would be 9.08-km-long. In the next phase, construction on three different corridors - an 8.87 km line from Warje to Swargate, a 35.23 km-long stretch from Wagholi to Hinjewadi and a 17.81 km-long corridor from Chandani Chowk…

Pune civic body proposes 4 FSI across transit route
January 30, 2019

The Pune Municipal Corporation (PMC) has proposed a Floor Space Index (FSI) of four across the high capacity mass transit route (HCMTR). The municipal corporation will be constructing a 36-km mass transit route across the city that will cross several regions including Bopodi and Pune University. The HCMTR will cover Paud Road, Karve Road, Dattawadi, Swargate, Lullanangar, Wanowrie, Ramwadi, Vimannagar, and Vishrantwadi. Officials have stated that the proposed FSI has been locked as per the transit-oriented development policy, while the activists have alleged it an attempt to woo builders before elections. Sushil Mengade, President, City Improvement Committee, has shared that…

Pune: RR rates to be revised from April 2019
January 26, 2019

In Pune, the Revenue Department is more likely to increase the ready reckoner (RR) rates in the fringe areas in the city. The revised rates would be announced on April 1, 2019. Officials have shared that the department had not revised the rates in 2018 and continued with the same RR rates prevalent in 2017. But, now several areas are getting developed in fringes. Regions such as Bhosari and Manjri have seen many new launches in recent quarters. Moreover, there are many upcoming areas in the State where the RR rates are low. It has also been noted that the…

Pune civic body’s 2019-20 draft budget emphasises on affordable housing
January 24, 2019

At a meeting chaired by Pimpri Chinchwad New Township Development Authority (PCNTDA) President Sadashiv Khade, the authority’s Chief Executive Officer, Satishkumar Khadke presented the draft budget for the year 2019-20. The civic body in its Rs 679.89-crore draft budget proposed to construct 5,000 affordable homes under the flagship Pradhan Mantri Awas Yojana (PMAY) along with an industrial museum, a helipad, Sanvidhan Bhavan and a Vipasanna Centre. According to Khadke, the helipad will be constructed on a one-acre plot in Moshi and will take a year to construct. A guesthouse on the same plot will also come up. Interestingly, PCNTDA Budget…

Pune civic body proposes a 12 percent hike in property tax
January 19, 2019

The Pune Municipal Corporation (PMC) has proposed a 12 percent hike in property tax for the upcoming fiscal year, 2019-20. The proposal was made by the Municipal Commissioner, Saurabh Rao. As per the proposal, the hike in property tax includes 5.5 percent increase in general tax, 1.5 percent in water benefit tax and five percent in sewage benefit charges. The increase in tax collection in 2019-20 has been proposed as the civic body has limited sources of revenue where tax collections accumulate a major share. Officials have shared that the civic body expects to generate an extra revenue of Rs…

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