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…

Pune witnesses increased office space supply in 2018: Studies
January 18, 2019

Two separate studies carried out by leading property consultants Knight Frank and ANAROCK revealed that construction of new office space  in Pune picked up the pace in 2018. While Knight Frank disclosed office space rentals went up by 13 percent, ANAROCK stated that it surged by five percent in 2018 as compared to 2017. Further, in the wake of a higher office space supply, vacancy levels also increased. Majority of new office space came up in select micro-markets such as Kharadi and Hinjewadi, leading to a demand-supply mismatch. Moreover, less supply of grade A office spaces resulted in higher vacancy…

Maharashtra to soon decide the penalty for illegal constructions
January 13, 2019

At the inauguration of the Pimpri Chinchwad Police Commissionerate, Maharashtra Chief Minister (CM), Devendra Fadnavis announced that the decision to penalise illegal constructions will be taken by the State within a fortnight. The CM was present at the event to perform bhoomipoojan for developing around 5,000 houses under the flagship Pradhan Mantri Aawas Yojana (PMAY). The executing authority of the project – the Pimpri Chinchwad Municipal Corporation (PCMC), plans to build 15,000 such houses in future. Earlier, lawmakers from the State along with Pimpri Chinchwad Mayor, Rahul Jadhav, together demanded the State government to take a decision on penalising the…

MahaMetro proposes skywalk between JM Road and Good Luck chowk
January 3, 2019

The Maharashtra Metro Rail Corporation has proposed a skywalk between Good Luck chowk and the entry-exit point of the Deccan Gymkhana metro station for the benefit of commuters. The walkway is considered to be important as it will allow commuters from FC Road to take the Metro service. According to MahaMetro officials, the execution of the project including land, layout and construction is being officially discussed between the MahaMetro and the Pune Municipal Corporation (PMC) and will be finalised soon. In the meantime, the MahaMetro is constructing the Metro viaduct along the river in the Deccan Gymkhana area where the…

Water pipeline project in Pune receives approval
December 30, 2018

The Ministry of Defence (MoD) has approved a long-pending pipeline project in Pune. The move is expected to provide adequate water supply to over three lakh residents in Kondhwa and Wanowrie for the next three months. The pipeline project is a part of an ambitious water supply plan by the Pune Municipal Corporation (PMC). The project was parked for long due to the lack of permission for digging defence and cantonment land. Now, the Ministry has released a no-objection certificate (NOC) for the project. Officials have shared that the process of laying the pipeline will commence soon once all the…

Pune: MHADA declares lottery results for 812 houses
December 29, 2018

The Maharashtra Housing and Area Development Authority (MHADA), Pune Board, has recently announced the lottery results for over 800 affordable houses. A total of 36,565 applicants had applied for the scheme. The authority has urged all the winners to submit all the requisite documents and 10 percent of the total amount of the base cost on and before January 5, 2019. Winners can submit their documents on MHADA website - lottery.mhada.gov.in. Officials have shared that those who fail to furnish the required documents within the stipulated time will face cancellation of the allotment. Ashok Patil, Chief Executive Officer, MHADA, Pune…

Pune: Property registrations surge in 2018
December 26, 2018

In Pune, property registrations have witnessed a considerable jump between January and November 2018. The property registration department has revealed that over Rs 25,317 crore in revenue was collected in the first 11 months. During the same period in 2017, the department collected Rs 21,950 crore from property registration. Supriya Karmarkar, Deputy IGR, has stated that the department aimed to generate Rs 25,000 crore in revenue from property registration in the current financial year 2018-19. The department has already achieved 70 percent of its revenue target. Shantilal Kataria, President, CREDAI, shared that the registration numbers were good, especially in the…

MHADA approves 3,664 units under PMAY in Pimpri Chinchwad
December 21, 2018

The Maharashtra Housing and Area Development Authority (MHADA) has approved a proposal to construct over 3600 dwelling units in different parts of Pimpri Chinchwad under Pradhan Mantri Awas Yojana (PMAY). MHADA is the State-level agency responsible for the implementation of the housing projects under the scheme. Officials have shared that the State housing department has passed a resolution for the construction of a total of 3,664 affordable houses under the housing scheme at Charholi, Ravet, and Borhadewadi at an estimated budget of Rs 54.96 crore. A dwelling unit will have an area of 322 sq ft and will be equipped…

Pune Authority restricts high-rises above 70m
December 17, 2018

The Pune Metropolitan Regional Development Authority (PMRDA) has decided to restrict the height of high-rises to 70 m to address issues pertaining to fire safety. As per the Authority, the Pune metropolitan area is spread over 6,900 sq km. Within a radius of 10 km of the Pune and Pimpri Chinchwad municipal limits, high-rises up to 70 m will be allowed. Other than this, the constructions will be restricted to a height of 36 m. Vivek Kharwadkar, Metropolitan Planner, has shared that high-rises taller than 70 m will not be allowed within PMRDA limits as such buildings are permitted only…

PMC revises construction norms near Pune Lohegaon airport
December 17, 2018

The Pune Municipal Corporation (PMC) has revised the rules for construction activities in the blue zone around the Pune Lohegaon airport. As per the new regulations, any construction in the restricted region will be initiated post the plinth check survey conducted by the civic body. The new norms read that obtaining a No Objection Certificate (NOC) from the Ministry of Defence is a must for any building construction above 627 m from the ground level. Obtaining an NOC from the Defence Ministry is mandatory for any elevated construction near the airport. The Ministry’s permission is also required for development of…

Press Release

Kolte-Patil announces Great Year End Sale for Life Republic in Pune
December 14, 2018

Kolte-Patil announces Great Year End Sale for Life Republic in PuneDecember 14th 2018 Real Estate Developer Kolte-Patil has recently announced a three-day campaign for Life Republic- a community located in Hinjewadi, Pune. The campaign starting from December 14 2018, onwards, is aimed towards offering the customers best year-end offers coupled with an option to choose the best out of two projects at Life Republic. 

Pune: New committee to grant clearance for high rises
December 14, 2018

The Urban Development Department (UDD) has issued a Government Resolution (GR), authorising the technical committee under the chairmanship of the Divisional Commissioner to grant clearance certificates for the construction of high-rise buildings in Pune. As per the resolution, the structures under the Pune Municipal Corporation (PMC) limits are required to secure a clearance certificate to build high-rises above 70 m. Deepak Mhaisekar, Divisional Commissioner, PMC, has shared that the focus of the committee would be to check the compliance with fire safety norms, the rescue mechanism and an evacuation plan. Other aspects such as the building’s structural stability, its width…

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