State revenues to rise as property tax payment in Pune goes digital
June 29, 2017

Paying property tax is a matter of a few clicks with the Pune Cantonment Board (PCB) going digital. Jojneshwar Sharma, Director-General of Defence Estates, launched an online portal for making payment of property taxes. The payment gateway has been provided by the HDFC Bank. DN Yadav, Chief Executive Officer, PCB, has informed that property tax can now be paid through the payment portal by using credit and debit cards and net banking services. Adoption of… Read More

Property tax discounts for soldiers’ kin in Pune
June 20, 2017

The Pune Municipal Corporation (PMC) has proposed a scheme wherein a special discount in property tax will be given to the families of soldiers and ex-servicemen. The civic proposal includes special discounts to widows of ex-servicemen and nominees of soldiers. Under the proposal, families of ex-servicemen will be able to avail exemptions on general tax, water tax, special cleanliness tax, education cess, fire brigade tax, sanitation tax, and sewage treatment tax. Officials share that the… Read More

Developers offer discounts in a rush to sell before RERA registration
June 14, 2017

Several consumer forums in Pune and Mumbai have spoken out against developers trying to woo buyers through discounts without registering with the Real Estate Regulatory Authority (RERA). The forums have advised buyers to refrain from falling prey to such discounts and avoid purchasing properties until the developers register themselves and their projects with the real estate regulator under the Real Estate (Regulation and Development) Act. Experts from such forums explain that developers are trying to… Read More

Special committee to issue environment certificates to buildings in Pune
June 7, 2017

Builders in Pune can now secure environment clearance certificates of their buildings at the corporation level. After the state government’s direction to make environment permission obligatory for constructions above 5,000 sq m, the Pune civic body has formed a special environment committee to issue environment certificates, comprising additional commissioner, city engineer, environmental officer and chief engineers. The monitoring cell of officials from Pune Municipal Corporation (PMC) and environment experts will conduct background checks before issuing… Read More

Demolition drive planned against illegal buildings in Pune
May 30, 2017

In an attempt to clear the city of illegal structures, the Pune Metropolitan Regional Development Authority (PMRDA) has initiated a demolition drive. The Authority has prepared a list of 1,650 illegal structures in Pune that will be razed down in the next six months. Officials share that the initial list prepared by the district collectorate had about 16,000 illegal structures. However, this was later culled after the Maharashtra Regional and Town Planning (MRTP) Act was amended, allowing… Read More

Pimpri Chinchwad to get a new BRTS corridor
May 29, 2017

Pimpri Chinchwad Municipal Corporation (PCMC) is planning to launch a new Bus Rapid Transit System (BRTS) corridor in November 2017. Proposed to stretch from Kalewadi Phata to Dehu Alandi Road, this will be the fourth BRTS corridor in Pimpri Chinchwad. BRTS typically includes roads that are dedicated to buses, and give priority to buses at busy intersections where buses may interact with other traffic. It is designed to reduce delays, such as those caused by passengers boarding or leaving buses, and aims to combine… Read More

Fast-track building permission system in Pune finds fewer takers
May 28, 2017

Launched by the Pune Municipal Corporation (PMC) in November 2014, the fast-track building permission system is facing a lull. The number of applications under the revolutionary scheme, which can clear approvals within 24 hours, has dwindled since its introduction. While the scheme received 46 applications in the first five months, the number rose to 99 in 2015-16. However, 2016-17 recorded just 57 applications under the system. Officials share that this system aims to ease the… Read More

Pune becomes India’s first city to adopt e-challan system
May 27, 2017

After the successful trial run last month, e-traffic challan issuing system has recently become operational in Pune. With this, the system of issuing challans has gone completely cashless and paperless. This has made Maharashtra’s Information Technology (IT) capital the first city in the country to adopt the new age traffic management tool. In order to implement the new system, Pune’s traffic police was issued about 300 new gadgets to replace the conventional receipt book system.… Read More

Low vacancy propels office rentals in Chennai, Pune
May 24, 2017

A report by JLL India has observed that low vacancy levels in Pune and Chennai during the first quarter of 2017 has given a fillip to the office space sector, pushing up the rentals in the segment. Both the markets appear to be reviving after the global financial crisis in 2008, which witnessed office rentals tumbling rapidly. Rental indices for Chennai and Pune now stand at 100 and 100.7, respectively. Ramesh Nair, Chief Executive Officer… Read More

Pimpri Chinchwad Municipal Corporation offers 5% rebate for cashless tax payments
May 22, 2017

In an attempt to promote cashless transactions in the region, the Pimpri Chinchwad Municipal Corporation (PCMC) is offering rebates to property owners paying their taxes through cashless methods. Eligible taxpayers will get a concession of five percent on the general tax component of property tax which will also be available on payment of arrears. Dilip Gawde, joint commissioner, PCMC, commented that people paying property tax till June 30 will be able to avail the concession if they use PCMC’s mobile… Read More

SPV for Pimpri Chinchwad smart city to be formed soon
May 22, 2017

Pimpri Chinchwad Municipal Corporation (PCMC) has given a green signal for the formation of the Special Purpose Vehicle (SPV) for the Pimpri Chinchwad smart city project. The state government has directed the civic body to create an SPV, authorising the municipal commissioner to raise funds for the project. The SPV board includes 15 directors, of which four are from the state government, six from the civic body, and one from the central government. Further, it… Read More

Maharashtra announces new rules for advance possession of land
May 21, 2017

Maharashtra cabinet has recently announced new rules which makes it mandatory for government authorities to give advance possession of land for a public project. As per the new rules, the land parcels needed for any public project must be handed over the executing agency within 90 days of the application. This move will help avoid land allotment and transfer issues with regard to public projects which will cut down delays in the execution of the… Read More

Proposed Pune airport pushes investments in the region
May 20, 2017

The seven villages of Purandar Taluka in Pune, where the district's first international airport is slated to come up, has seen a substantial rise in investment post the announcement. In fact, the 9-25 percent increase in the Ready Reckoner Rates (RR) for rural areas of Pune, announced in the beginning of April 2017, has not scared investors. The area around the proposed airport site, which includes Pargaon, Khanvadi, Udachi vadi, Munjwadi Kumbharvalan, Ekhatpur, and Vanpuri,… Read More

Maharashtra revokes stamp duty hike on gift deed
May 19, 2017

In a surprising move, the Maharashtra government has revoked its decision to hike stamp duty on property gift deeds. The hike announced a couple of days ago received flak from political parties, which forced the government into withdrawing the hike. Earlier this week, state government had amended the Maharashtra Stamp Duty Act to enforce a hike in stamp duty applicable on conveyance deeds and gift deeds. This move was spurred by the need to increase… Read More

Maharashtra hikes stamp duty on property gift deeds
May 17, 2017

In an attempt to boost revenue, the Maharashtra Cabinet has decided to raise the stamp duty on properties gifted to blood relatives or spouses. This decision will help the state government mop up Rs 200 crore as additional revenue. The hike will be implemented by amending sections 34 and 25 of the Maharashtra Stamp Duty Act, which will impact both gift deeds and conveyance deeds. It should be noted that conveyance deeds are documents for… Read More

Maharashtra proposes to link e-registration of property documents with Aadhaar
May 14, 2017

The Maharashtra government is planning to link e-registration facility for property documents with Aadhaar details. This change can be implemented once the requisite amendment to Registration Rules, 1961, are approved. The amendment is expected to be considered in the cabinet meeting or in the upcoming monsoon session. The system of e-registration of property documents is already in effect for leave and license agreements and for some new projects in the state. However, the state registration… Read More

Rising temperature torments new areas in Pune
May 14, 2017

According to a recent survey, newer areas in Pune are facing a surge in land surface temperature, a phenomenon known as heat island effect, a side-effect of growing urbanisation. The analysis is based on satellite data from the United States Geological Survey’s Earth Resources Observation and Science (EROS). Another survey by College of Engineering, Pune (CoEP), has found that the built-up area of Pune, where buildings have increased during the last decade, have recorded the… Read More

Work on Swargate-Pimpri metro begins from next week
May 11, 2017

As the work order for the metro project on the Swargate-Pimpri route was issued last week, the construction of the stretch will begin next week. As confirmed by officials, the work will begin near Nashik Phata chowk on Pune-Mumbai highway, at first, before construction work begins at four other places. As the construction sites will fall near Pimpri Chinchwad Municipal Corporation’s (PCMC) main building, the metro officials are yet to take clearances from the traffic… Read More

Page 1 of 54