The Supreme Court, on March 21, 2017, warned the Sahara Group that it will auction its prime property worth Rs 39,000 crores at Aamby Valley in Pune, if Rs 5,092.6 crores is not paid … READ FULL STORY
In the real estate market, a higher average rental in a location normally indicates high demand and low supply of properties in that location. Pune’s property market has shown consistent growth in rental yields. … READ FULL STORY
The Public Accounts Committee (PAC) of the Maharashtra assembly has pointed out that Lavasa City Corporation’s various tax liabilities in Pune district, included Rs 3.97 crores of land tax. The company had purchased 214 … READ FULL STORY
The ticket size of new launches across the top eight cities of India (Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune), witnessed an average decline of 14% year-on-year (y-o-y), according to a report … READ FULL STORY
Pune’s low office space vacancy rate of around 6%, is proving to be a serious challenge for companies that are seeking large spaces to establish or expand their operations in the city. Pune is … READ FULL STORY
For any investment in residential property to provide effective returns, the chosen location should have good social infrastructure, adequate public transport and sufficient economic activity to sustain development and growth. These parameters apply to … READ FULL STORY
“It is incredible to own a house to fulfill my father’s dream” Manada Chandrakant Udagatti Senior manager in a shipping company, Mumbai Women, these days, are independent and are opting to buy their own … READ FULL STORY
Residential real estate sector In 2016, about 89,000 residential units were launched across the six major cities in India, which is 34% less than the units launched in 2015. Out of the total new … READ FULL STORY
Pune is hailed as an educational hub, which attracts students not only from different parts of Maharashtra, but also from all over the country and abroad. The city is home to several prestigious institutes, … READ FULL STORY
India is home to six of the world’s 30 most dynamic cities. In JLL’s City Momentum Index (CMI) 2017, the country’s primary IT and technology hub, Bengaluru, sits at the top. It is followed … READ FULL STORY
As cities mature, their skylines start growing vertically and horizontal expansion reduces. The preference of homebuyers to live in high-rises and luxury towers also increases as urban sprawls expand. This transition in Pune, started … READ FULL STORY
The Pune Municipal Corporation recently sanctioned the new development control regulations (DCR), which allows for higher floor space index (FSI) in certain categories, in non-congested areas. Small developments are likely to benefit more from … READ FULL STORY
The first line of the Pune Metro is likely to be operational in 2020 and second line by 2021, Maharashtra Metro Rail Corporation (Maha-Metro) managing director Brijesh Dixit has said. “We have completed 35% … READ FULL STORY
