Ulhasnagar civic body launches scheme to waive off property tax penalty
October 11, 2017

In a bid to provide relief to property tax payers, the Ulhasnagar Municipal Corporation has launched Abhay Yojna scheme to waive off the penalty (interest) on property tax arrears for legal and unauthorized constructions. Under this scheme, delinquent tax payers have been given a limited time period to clear their dues - upto 75 percent of the penalty amount will be waived off if the outstanding tax is paid between October 11-25, 50 percent of the charges will be waived if paid between October 26 and November 10 and 25 percent of the same will be waived if paid between…

Pune: Authority rejects waiver of property tax for small houses
October 3, 2017

The Pune Municipal Corporation (PMC) has rejected the proposal to exempt residential units measuring lesser than 600 sq ft from property tax. Recently, Brihanmumbai Municipal Corporation (BMC) had approved a proposal to waive taxes for properties up to 500 sq ft in Mumbai. The civic administration had also given nod to a proposal to grant 60 percent discount on the tax for flats between 501 sq ft and 700 sq ft. Suhas Mapari, Head, Property Tax Department (PMC), has stated that the civic body is already providing various benefits, including slum rehabilitation schemes to small-sized home owners. The civic body…

Maharashtra to kick-start infra projects worth Rs 1 lakh crore in 2017
September 19, 2017

Maharashtra Chief Minister Devendra Fadnavis recently announced the state government’s intention to commence work on several massive infrastructure projects in 2017. While Fadnavis did not elaborate on the projects, this announcement was enough to raise realty stakeholders’ hopes for the state. Fadnavis explained that the state has planned infrastructure projects worth a total of Rs 5.96 lakh crore, of which projects worth Rs 1 lakh crore will be kick-started this year itself. It should be noted that the state’s focus on infrastructure creation earned it laurels from the NITI Aayog. It should be noted that Maharashtra government is also working…

Pune smart city project to include Baner, Aundh, Balewadi
September 15, 2017

The Pune Smart City Development Corporation Ltd (PSDCL) has decided to add new areas to Pune’s smart city project. Officials state that the project area would be increased to around 2,500 acres after adding localities such as Aundh, Baner, and Balewadi to the area-based development component. The Pune smart city project currently proposes development initiatives for 950 acres. Till now, Rs 2,200 crore has been granted for the implementation of various projects. Mayor Mukta Tilak commented that the decision behind the expansion is aimed at ensuring maximum benefits to the city’s population. More funds for execution of several projects would…

Government eases redevelopment requirements for Pune housing societies
August 27, 2017

The state government has recently ruled that to go ahead with redevelopment of housing societies in Pune, permission would be needed from just 51 percent of the residents. Earlier, redevelopment could not be carried out until the proposal had the agreement of 70 percent of residents. This announcement has elated homeowners of Pune housing societies who have been lobbying to get their properties revamped for a long time. Pune has 3,000-5,000 cooperative housing societies, several of which are as old as 30 years and in desperate need of repair. Overall, there are about 75,000 cooperative housing societies in Maharashtra. The…

Solar rooftops grow in popularity in Pune
August 13, 2017

Industry reports reveal that the popularity of solar rooftop units has been surging in Pune. Residential societies, commercial units, as well as small homes have been installing solar units in a large number. As a result, an increase of 2,000 was witnessed in the number of properties in Pune with solar units, putting the total number of solar powered properties to 12,000. Data shared in the Environment Status Report by Pune Municipal Corporation (PMC) shows a constant growth in the installation of solar units. While 2009 had just 1,200 properties with solar units, 2013-14 saw the numbers rising to 5,400.…

Pune civic body identifies 47,000 tax defaulting properties
August 10, 2017

A survey of properties in Pune has identified around 47,000 properties that have defaulted on their property tax payments. About 3,30,000 properties have been surveyed till now, share officials. The Pune Municipal Corporation (PMC) is expected to mop up over Rs 185 crore as arrears from these tax defaulting properties.  PMC has hired a Geographical Information System (GIS) mapping company for tracing and mapping all properties in the city, including new housing units, residential/commercial/residential-to-commercial properties, open plots, and properties with illegal construction. Officials have informed that almost 400 people are involved in the survey with the target of verifying and…

Pune land owners to get property papers online with digital signature
August 7, 2017

The Department of Land Records (Mahabhulekh) has decided to provide 7/12 extracts to land owners in Pune online. These documents will have digital signatures and can be considered as an official ownership document. Under the Digital India Land Records Modernisation Programme (DILRMP), the drive is going start from August 15 in 200 villages in Pune, including Pune city and the Pimpri-Chinchwad Municipal Corporation. S Chockalingam, Director, Land Records Department, has informed that the digitisation drive will be carried out in phases across Maharashtra. To start with, the department will start giving digitally signed documents to all applicants in Pune district…

Pune Smart City projects under misappropriation scrutiny
August 6, 2017

Several infrastructure works under the Pune Smart City project have come under fire from opposition members in the Pune Municipal Corporation (PMC). The members have claimed that the tendering process for these works were unfair. Concerned PMC members stated that the winning bid amount for the water supply project was 26 percent more than the PMC estimates. This is likely to cause a loss of Rs 450 crore for the civic body. Taking note of the allegations, guardian minister Girish Bapat said that the government may consider carrying out fresh tenders for the projects. Meanwhile, Rajendra Jagtap, Chief Executive Officer…

Pune civic body to report 80 unregistered projects to MahaRERA
August 3, 2017

The Pune Metropolitan Region Development Authority (PMRDA) will submit a list of ongoing projects in its jurisdiction which did not register with Maharashtra Real Estate Regulatory Authority (MahaRERA) till July 31, the deadline set by the central government. Till July 31, around 1,500 ongoing projects under PMRDA had applied for registration with MahaRERA. Of these, a total of 365 have already received the registration certificates. Kiran Gitte, Chief Executive Officer (CEO), PMRDA, has confirmed that there are around 80 unregistered projects in the region which are yet to be registered with the regulator. Details of these projects would be shared…

MahaRERA: Nearly 11,000 applications received from builders in Maharashtra
August 2, 2017

As the deadline for registering under the Real Estate (Regulation and Development) Act (RERA) closed, Maharashtra regulatory authority (MahaRERA) had received almost 11,000 applications for registration of projects. Chief Minister Devendra Fadnavis confirmed in a tweet that approximately 2,100 developers and 4,682 projects have enrolled so far on MahaRERA, while the regulator has received 6,748 applications for projects. It will take at least a month to process all the applications received.  Another 268 applications for projects came in after the expiry of the deadline, shared Vasant Prabhu, Secretary, MahaRERA. However, it has not been decided yet whether to penalise the…

Average home size in Pune shrinks 23 percent in last three years: Report
July 25, 2017

According to an industry report, the average size of new residential units in Pune has reduced over the last three years. Slower sales trend and new government policies, such as Real Estate (Regulation and Development) Act (RERA) and demonetisation, have been the major contributory factors for the reduction in flat sizes. The report shared by Gera Developments stated that the average home size of newly launched projects in the city dropped 23 percent to 722 sq ft (built-up) in June 2017. It should be noted that in the first half of 2014, the average home size of new units was…

No price correction in Pune’s residential realty post demonetisation
July 22, 2017

Industry reports share that the prices of residential properties in Pune have witnessed no reduction post demonetidation. Unlike the expectation of a sharp correction in realty rates, housing prices have gone north by Rs 109 per sq ft for under-construction properties in the city. Even areas like Pimpri Chinchwad and Chakan have also witnessed prices rising despite the furor caused by the government’s currency revolution . As per the market report by National Housing Bank (NHB), the property prices in Pune, including Pimpri Chinchwad, declined in the fourth quarter of 2016 after the demonetisation move but quickly regained its upward…

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 digitalisation in the system would improve revenue generation, believes Yadav. While payments through cash and cheque were a part of the proposed plan, PCB has…

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 proposal has been tabled before the committee and is expected to be finalised soon. Head of PMC's property tax department, Suhas Mapari has stated that…

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 sell off the projects before July 31 which is deadline for the registration with RERA. Some advertisements have also been claiming that GST will bring…

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 the No Objection Certificate (NOC) to the builder. Such projects will be examined even after their completion by the cell. The civic body’s latest move…

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 unauthorised structures to be regularised by paying a fee. The amendment states that the government can levy a premium or a compounding fee on residents…

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