Pune News Desk

21 Mar 2026

The Pune Municipal Corporation has constituted a committee to examine property tax-related grievances in areas merged into city limits, following sustained complaints from residents and elected representatives. The decision, taken in the past week under the leadership of Mayor Manjusha Nagpure, comes amid concerns over high tax assessments on residential and commercial properties in recently integrated villages. Residents have argued that the current tax structure does not account for infrastructure gaps and differs significantly from earlier gram panchayat-based systems. The committee will review representations, consult stakeholders, and recommend corrective measures in coordination with the state government. The move follows earlier suspension of tax collection in these areas and reflects ongoing efforts to address disparities in taxation as Pune expands its municipal boundaries.Read more

Pune News Desk

20 Mar 2026

Godrej Consumer Products Ltd (GCPL) has introduced a new warehouse facility in Pune as part of its strategy to improve supply chain efficiency and distribution capabilities. The development, announced in the past week, is aimed at streamlining logistics operations across western India while reducing turnaround times and improving inventory management. The facility is expected to support the company's expanding product portfolio and growing demand across urban and semi-urban markets. Located in a key logistics hub, the warehouse is positioned to enhance last-mile connectivity and operational agility. The move aligns with broader industry trends of strengthening warehousing infrastructure to support faster delivery cycles and resilient supply chains.Read more

Pune News Desk

18 Mar 2026

The cooperative department in Pune has dissolved the managing committee of a housing society in Lohegaon after it failed to provide documents requested by a member despite repeated directions from authorities. The complaint involved denial of access to financial and administrative records such as audit reports, account statements, and income-expenditure details. After reviewing the matter, the Deputy Registrar of Cooperative Societies removed all 18 committee members and placed the society under administrative supervision. The action highlights the legal obligation of cooperative housing societies to maintain transparency and provide records to members when formally requested.Read more

16 Mar 2026

Bharat Forge's aerospace division has inaugurated a new landing gear components machining facility in Mundhwa, Pune, developed in partnership with Liebherr-Aerospace & Transportation SAS. The plant will manufacture high-precision landing gear components used in civil and military aircraft programs. With this development, Bharat Forge becomes one of the few companies in India with OEM-approved capabilities to machine such critical aerospace parts at scale. The facility expands the company's aerospace portfolio and supports India's growing role in global aviation supply chains as aircraft production and demand for specialised components continue to increase.Read more

Pune News Desk

16 Mar 2026

The Pune Municipal Corporation (PMC) has earmarked INR 954 crore in its draft budget for FY2026-27 to fund infrastructure development in villages merged into the city's municipal limits in recent years. The allocation is aimed at addressing gaps in civic amenities such as roads, sewage networks and water supply in peripheral areas incorporated into the PMC jurisdiction through administrative expansion. The funding forms part of the civic body's proposed INR 13,995 crore municipal budget presented earlier this week by municipal commissioner Naval Kishore Ram. Officials said the investment is intended to standardise urban infrastructure across the expanded city and respond to demands from residents and elected representatives in newly incorporated areas who have raised concerns over inadequate services. The initiative also follows the transfer of planning authority for several merged villages from PMRDA to PMC.Read more

15 Mar 2026

CREDAI Pune hosted its General Body Meeting in Pune, bringing together developers, policymakers and industry experts to discuss the city's urban growth and real estate sector. During the event, the association launched CREDAIBILITY.AI, described as the world's first AI-powered property search platform aimed at enabling verified and transparent property discovery for homebuyers. Addressing the gathering, Murlidhar Mohol emphasised the need for collaboration between developers, government and citizens to maintain Pune's liveability amid rapid urbanisation. The meeting also highlighted initiatives such as collaboration with police on traffic management and policy representations related to regulatory issues affecting the real estate sector.Read more

Pune News Desk

14 Mar 2026

The Maharashtra property registration department is considering allowing online leave-and-licence (tenant) agreements in Pune district to be processed by any sub-registrar office rather than restricting approvals to the office within the property's jurisdiction. The proposal follows complaints over delays and a backlog of tenant registration applications across Pune's registration offices. Officials reported that more than 3,000 documents were pending recently, with some approvals taking up to 10 days despite a mandated 24-hour processing timeline. The proposed change would align Pune with the state's one district, one registration approach already implemented in districts such as Mumbai and Thane. Authorities said the initiative aims to distribute workloads more evenly across offices and reduce processing delays. The proposal is currently under consideration as officials address software compatibility issues between city and rural registration systems.Read more

Pune News Desk

13 Mar 2026

A joint venture between T&T Infra Ltd and Univastu India Ltd has secured a civil construction contract valued at INR 229.97 crore from Maharashtra Metro Rail Corporation Limited (Maha-Metro) for works associated with the Pune Metro Rail Project. The project covers the design and construction of a 1.123 km elevated metro viaduct along the Vanaz Chandani Chowk section of Line-2A. The scope also includes building two metro stations Kothrud Bus Depot and Chandani Chowk along with a first-level integrated double-decker flyover at the Kothrud Depot. Additional works involve constructing a foot overbridge connecting the corridor to a national highway and developing stabling lines at the Bhakti Shakti end of the PCMC Nigdi corridor. The contract will be executed through the T&T Univastu JV, with project completion scheduled within 27 months.Read more

Pune News Desk

12 Mar 2026

The Pune Municipal Corporation (PMC) is examining the use of artificial intelligence to identify unassessed properties and strengthen property tax collection as part of its revenue strategy for the upcoming financial year. Civic officials indicated that roughly 3.5 lakh properties within the city remain outside the municipal tax database, including buildings in newly merged areas and redeveloped structures where records have not been updated. The proposed AI-based assessment system would analyse municipal records, building footprints and geospatial data to detect properties missing from the tax net or inaccurately assessed. The initiative forms part of PMC�s broader effort to improve tax recovery and expand its revenue base, with the civic administration targeting around INR 7,000 crore in property tax collections from defaulters in the current fiscal year.Read more

11 Mar 2026

The Pune Municipal Corporation has presented a draft budget of INR 13,995 crore for the financial year 2026-27, with a strong focus on urban mobility, road development and infrastructure expansion. A major share of the allocation has been directed towards improving road connectivity and supporting development in the 34 villages that were recently merged into the city limits. Around INR 1,800 crore has been earmarked for road and transport infrastructure, along with funds for land acquisition, footpath development and environmental initiatives. The civic administration expects an improvement in revenue in the coming financial year despite the ambitious outlay.Read more

11 Mar 2026

A double-decker flyover at Savitribai Phule Pune University Chowk in Pune has been opened to traffic, aiming to reduce congestion at one of the city's busiest intersections. Built by the Pune Metropolitan Region Development Authority (PMRDA) at a cost of about INR 277 crore, the project integrates a road flyover with a Metro viaduct above it for the Hinjewadi-Shivajinagar Metro Line-3. The 1.7 km structure connects key areas including Baner, Aundh, Pashan and Shivajinagar. Officials expect the new infrastructure to shorten travel time and improve connectivity across western Pune's major residential and IT corridors.Read more

Pune News Desk

10 Mar 2026

ICICI Prudential Asset Management's alternative investment fund has expanded its commercial real estate holdings by acquiring a Grade A IT park in Pune for approximately INR 520 crore. The Aditya Shagun Infinity IT Park in Baner spans around 388,000 sq ft and is leased to prominent companies including Eaton Corporation, Accenture, and Jaguar Land Rover. With an annual rent escalation of 4.7% and nearly nine years of average lease tenure, the acquisition strengthens the fund's strategy of investing in stabilized office assets. The fund has a history of similar acquisitions across Pune and other key cities, targeting steady rental income and asset appreciation.Read more

Pune News Desk

08 Mar 2026

The Pune Municipal Corporation (PMC) has made it compulsory for large housing societies to install monitoring sensors on sewage treatment plants (STPs) to ensure proper wastewater treatment and prevent untreated sewage from entering the city's drainage network and rivers. The rule applies to residential complexes with more than 100 flats and will cover nearly 750 private STPs across Pune. The sensors will send real-time operational and water quality data to a central civic monitoring system. The step forms part of the civic body's wider effort to control pollution in the Mula Mutha river and strengthen sewage management in the city.Read more

Pune News Desk

08 Mar 2026

Pune Municipal Corporation (PMC) has instructed nearly 750 housing societies with over 100 flats to install sensors on their sewage treatment plants (STPs). The sensors will provide real-time data to a central PMC unit, ensuring STPs operate efficiently and preventing untreated wastewater discharge. The move complements previous regulations requiring local sewage treatment and builds on technology used in the Mula Mutha River Pollution Abatement Project. PMC also plans air quality monitoring at construction sites, upgrades to six existing STPs, and development of 11 new plants under AMRUT funding, increasing capacity to 1,000 MLD.Read more

Pune News Desk

07 Mar 2026

The Pune Municipal Corporation (PMC) carried out a large demolition drive in Pune, removing about 78,000 sq ft of illegal constructions across the Lohegaon and Nagar Road areas. The action targeted 18 unauthorised structures, including residential units, commercial establishments and extensions built without civic approval. Officials said notices had previously been issued under the Maharashtra Regional and Town Planning Act, 1966 asking property owners to remove the violations. As the structures were not removed within the given time, PMC teams carried out demolition under development control regulations as part of the civic body's continuing action against illegal construction in the city.Read more

Pune News Desk

07 Mar 2026

The Pune Municipal Corporation (PMC) has finalised 34 locations across the city where parking facilities can be developed near Pune Metro stations to improve commuter access and last-mile connectivity. Most of these sites are within around 500 metres of Metro stations and fall under amenity spaces that can be used for organised parking. Civic officials have assessed the sites and found 31 suitable for development. Work has already started at four locations. The initiative aims to support Metro users who travel to stations using private vehicles and to strengthen the city's public transport network.Read more

Pune News Desk

06 Mar 2026

Prime Offices Fund (PRIME), managed by Nuvama Asset Management and Cushman & Wakefield Management, has acquired a 51% stake in a 1.1 million sq ft Grade A+ office development in Pune's Kharadi micro-market. The remaining 49% continues to be held by Singapore-based Keppel. The deal value is estimated at around INR 1,000 crore. With this transaction, PRIME's total portfolio has expanded to nearly 3.8 million sq ft across Delhi NCR, Chennai and now Pune, marking its entry into a key technology-driven office market.Read more

Pune News Desk

03 Mar 2026

Kolkata-based Merlin Group has acquired a 3.26-acre land parcel in Mundhwa, near Koregaon Park in Pune, for INR 273 crore, according to property registration documents. The transaction was registered in the past week, with stamp duty of INR 19.11 crore paid. The acquisition has been executed through the group's subsidiary, Merlin Prime Spaces. The developer plans to invest over INR 1,000 crore, including land cost, to build a commercial office project targeting BFSI occupiers and global capability centres. The project is expected to be completed by 2030 and could command a valuation of around INR 3,000 crore upon full occupation. The deal adds to Merlin Group's growing Pune portfolio, where it has been active since 2021 across commercial, mixed-use and premium residential segments, amid rising developer interest in the Mundhwa Koregaon Park corridor.Read more

02 Mar 2026

Shapoorji Pallonji Real Estate has announced the launch of The Vastion, a low-density luxury residential enclave at Hadapsar Annexe in Pune, comprising 25 residences across 13 villas and 12 villaments. Positioned within a mature mango orchard, the project has been planned with a strong focus on biophilic design, privacy and spatial openness. The development features 4.5 BHK villas with 5,628 sq ft of usable space and 4 BHK villaments ranging between 3,463 sq ft and 3,812 sq ft, offering configurations with private gardens or terraces. Prices start from INR 4.70 crore for villaments and INR 6.61 crore for villas. Located close to Hadapsar and key IT and commercial hubs, the project is aligned with Pune's evolving luxury housing demand.Read more

24 Feb 2026

A comprehensive survey of government-leased land across Pune district has identified 355 instances of lease violations, with the highest number recorded in Pune city and Haveli taluka. A district administration review of 2,161 leased parcels found breaches that include non-renewal of leases, unauthorised land uses, over-occupation beyond leased boundaries, illegal construction activity, sub-letting for rental income and failure to use land for specified purposes within stipulated timelines. Notices have been issued to the concerned lessees, with authorities reviewing responses ahead of possible enforcement or regularisation measures. Depending on the nature of each violation, actions may include regularisation subject to penalties, resumption of land by the government or other legal steps. The exercise follows irregularities uncovered in high-profile cases involving alleged manipulation of lease records and unauthorised sale of leased government land, prompting heightened scrutiny of lease compliance across all talukas in the district.Read more