11 Jul 2025

Gera Developments' latest Pune Residential Realty Report revealed an 8% decline in annual housing sales and a 10.3% drop in new launches. Despite a moderate 7.3% price increase year-on-year, average ticket sizes have surged by 76% over five years due to both rising prices and larger home sizes. Sales of smaller homes have fallen sharply while demand for spacious units continues to rise. Inventory levels have climbed to their highest since 2020, with affordability deteriorating to 6.52 times the average annual income, highlighting pressure on mid-segment buyers.Read more

02 Jul 2025

Pune and Patna municipal bodies have taken contrasting paths in property tax collection this fiscal. Pune extended its discounted payment deadline to July 7 due to bill distribution delays, collecting INR 1,244.5 crore by June 30-about INR 100 crore less than the same period last year. Activists are pushing for further extensions, citing tech glitches and unresolved rate issues in newly merged areas. Meanwhile, Patna collected INR 40 crore in Q1 FY26-28% of its annual target-offering a 5% rebate until June 30 and adding tech-driven solutions like QR-coded notices, chatbot payments, and extended hours. These varied strategies reflect the challenges in maximizing tax revenues to fund urban services.Read more

01 Jul 2025

Authorities in Pune have started relocating 34 tribal families from Pasarwadi, a landslide-prone village near Malin, after soil cracks and a recent rockfall blocked their only road. The tehsil office has secured two acres of safer land, guided by Geological Survey recommendations. Financial aid for new homes is being arranged through state and central housing schemes, with additional CSR support. So far, 18 families have homes under the Gharkul scheme; remaining construction will start post-monsoon. Residents welcomed the move but raised concerns about water shortages and lack of basic facilities. The relocation echoes past efforts after Malin's deadly 2014 landslide.Read more

29 Jun 2025

The Union Cabinet has approved Phase II of the Pune Metro Rail Project, marking a major boost to the city's public transit network. The new phase includes two elevated corridors-Vanaz to Chandani Chowk and Ramwadi to Wagholi-spanning 12.75 km at a cost of INR 3,626 crore. These extensions build on the existing Vanaz-Ramwadi line and are expected to be completed in four years. The plan includes integration with intercity buses and other metro lines to enhance multimodal connectivity. Aimed at easing traffic congestion, the project is set to transform commuting in Pune's rapidly growing areas through more efficient and accessible transport.Read more

23 Jun 2025

The Maharashtra Urban Development Department has approved four key town planning schemes by PMRDA, covering 520 hectares in Autade-Handewadi, Holkarwadi, and Vadachiwadi. These align with Pune's 82 km ring road plan and follow a land-sharing model where landowners receive 50% of developed plots. Each scheme gets INR 25 crore from the Centre, with PMRDA allocating INR 125 crore. Two other schemes-Maan Mhalunge and Manjari Khurd Kolwadi-remain stalled due to zoning and technical issues. Officials and locals voiced frustration over delays impacting infrastructure and real estate development. Timely clearance is critical to access central funds and drive organised growth across the Pune Metropolitan Region.Read more

23 Jun 2025

Metro Global Solutions Center Pvt Ltd (MGSC), the Indian technology and solutions unit of international wholesaler Metro, has leased 50,000 sq ft of office space from coworking space provider 315Work Avenue in Pune. This transaction expands 315Work Avenue's footprint in the city to six centres, encompassing 0.6 million sq ft and around 12,000 seats in projects by developers like Ascendas, Panchshil, and Raheja. Nationwide, the company operates across 45 locations in cities including Bengaluru, Chennai, Hyderabad, Mumbai, and Pune, with a total portfolio of 3 million sq ft and 60,000 seats.Read more

13 Jun 2025

K Raheja Corp Homes has rolled out the second edition of its Grand South Pune Home Fest, targeting the thriving NIBM corridor. The event features limited-time deals across premium projects-Raheja Stellar, Sterling, Galaxy, and Helios-offering assured benefits and flexible payment plans, especially for Raheja Sterling. Building on the success of the first edition, this year's fest includes exciting rewards like an electric scooter, the latest iPhone, luxury vouchers, and a grand prize international travel package. The initiative not only aims to boost home sales but also supports buyers with curated offerings, expert consultations, and a seamless purchase experience.Read more

06 Jun 2025

In its latest pre-monsoon survey, Pimpri Chinchwad Municipal Corporation (PCMC) identified 82 structurally unsafe buildings, issuing emergency notices to mitigate potential monsoon hazards. This marks an improvement from 132 unsafe buildings flagged in 2024 and 125 in 2023, reflecting better compliance and proactive repairs by property owners. Of the 82 buildings, four require immediate demolition, eleven need urgent evacuation and repairs, sixteen need major repairs, and fifty-one need minor fixes. Nine previously unsafe buildings have already been repaired or demolished. PCMC is also acting on its own assets, recently demolishing a deteriorated civic school building. These annual surveys aim to prevent building collapses during heavy rains. PCMC urges all property owners to comply with safety notices promptly. Through vigilant monitoring and community cooperation, the civic body seeks to enhance public safety ahead of the monsoon season.Read more

06 Jun 2025

Pune Municipal Corporation (PMC) has advanced a INR 1,500 crore flood mitigation and relocation plan for flood-prone areas-Ektanagari, Vitthalnagar, and Nimbajnagar-along Sinhagad Road. Under the Urban Redevelopment Scheme's cluster development provisions, 1,383 residential units and 67 commercial establishments in designated 'blue zones' will be relocated to Hingne Khurd, outside the floodplain. The proposal is currently under state government review. Meanwhile, PMC has initiated immediate flood control measures, including debris clearance and CCTV monitoring to curb illegal dumping. Approval and funding are critical to executing long-term relocation and redevelopment. Compensation for commercial property owners remains delayed due to legal gaps in current regulations. With monsoon-related flooding intensifying, PMC's comprehensive relocation strategy aims to provide a sustainable solution for vulnerable communities while improving overall urban resilience.Read more

05 Jun 2025

Godrej Properties Ltd has expanded its presence in Pune by acquiring a 14-acre land parcel in the Kharadi-Wagholi region for a premium residential project. This development is expected to generate INR 4,200 crore in revenue and will offer around 3.7 million square feet of developable area. According to the company's regulatory filing earlier this week, the project will focus on upscale group housing. The move aligns with Godrej Properties' broader strategy to grow its footprint across key micro-markets, with recent forays into new cities including Hyderabad.Read more

30 May 2025

Knight Frank's latest report highlights Pune's commercial real estate growth, with leasing volumes rising 19% year-on-year to 8 million sq. ft. in 2024. Kharadi has emerged as a key business hub, attracting top firms like Citicorp, Amazon, and Deloitte, driven by its connectivity and growing professional base. Amid this surge, SQUAREA has positioned itself as a strategic advisor linking investors to high-yield Grade-A assets. Its latest collaboration with Omicron Group-Omicron Business Landmarks Kharadi NX-offers 360,000 sq. ft. of premium office space in a 26-storey tower. With sustainable design, modern amenities, and strategic location, the project reflects Kharadi's rise as a prime commercial destination.Read more

28 May 2025

Pune is undergoing a significant transformation with infrastructure projects totaling over INR 50,000 crore. Key developments include the INR 9,897 crore Pune Metro Phase 2 expansion, the INR 50,000rore Pune-Bengaluru Expressway, and the INR 5,500 crore Mula-Mutha Riverfront project. Additional initiatives encompass the INR 8,313 crore Pune Metro Line 3, the INR 1,626 crore road development allocation in the PMC budget, and the INR 400 crore per kilometer Yerawada-Katraj twin tunnel project. These projects aim to enhance connectivity, reduce traffic congestion, and improve the quality of life for Pune's residents.Read more

21 May 2025

Pune's real estate market showed stability in April 2025 with 14,421 property registrations, up 1% year-on-year but down 41% from March's financial year-end surge. Stamp duty collections dropped 3% to INR 547 crore. Despite monthly dips, the January-April period saw the highest property registrations and collections in four years, rising 5% and 8% respectively. Affordable housing dominated, with 83% of homes priced under INR 1 crore, though premium homes also grew from 14% to 16% of the market. Analysts highlight Pune's end-user-driven demand and rising interest in upscale properties, indicating a resilient and balanced market poised for continued growth.Read more

21 May 2025

The Pune Municipal Corporation (PMC) is set to launch a pilot project introducing water bills based on actual consumption for residential properties within its limits. This initiative forms part of the city's ongoing 24-7 water supply programme, which aims to promote water conservation and ensure fair distribution. The pilot will begin in zones where over 90% of water meters have been installed, covering about 80 of the 141 designated areas. While many residents have welcomed this move, concerns remain about the adequacy of water supply and the fairness of billing, prompting PMC to assure a measured and transparent implementation.Read more

20 May 2025

Gokhale Constructions has acquired a 3.5-acre land parcel from HND Trust in Pune for INR 311 crore to develop a premium residential and retail project. The project is expected to generate revenue of INR 2500 crore through the construction of 16 lakh sq ft of residential space and high-end retail. Additionally, a 51,000 sq ft hostel with modern amenities is also part of the development. The starting price for a condominium is projected to be INR 7 crore. The company is also expanding its portfolio in Pune, with 2 million sq ft of residential and 3 million sq ft of commercial space under development. Furthermore, Gokhale Constructions is in advanced negotiations to enter the Mumbai real estate market, aiming to acquire properties in prime locations.Read more