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Latest News & Updates (51 articles)

Ahmedabad: Vastrapur societies to give land for road widening, to get taller buildings

Ahmedabad: Vastrapur societies to give land for road widening, to get taller buildings

Societies in Vastrapur village are voluntarily relinquishing land for road widening, enabling expedited redevelopment with taller buildings. This initiative addresses stalled projects due to narrow road widths, which previously limited construction...

Maharashtra forms panel to examine TDR relief for properties facing redevelopment hurdles

Maharashtra forms panel to examine TDR relief for properties facing redevelopment hurdles

Maharashtra government has formed a 12-member committee to re-survey river flood lines across the state, including Pune and Pimpri Chinchwad. The panel will review existing norms and suggest amendments to the UDCPR for TDR utilization on properties...

Nashik civic body serves notices to 500 more property tax defaulters, taking total to 950

Nashik civic body serves notices to 500 more property tax defaulters, taking total to 950

Nashik Municipal Corporation has issued notices to an additional 500 property tax defaulters owing over Rs 1 lakh, giving them 21 days to pay or face warrants. This brings the total notices to 950 as the NMC races to collect Rs 52 crore to meet its...

Pune: PMC issues show-cause notice, fines builder over contaminated water supply in Mhalunge complex

Pune: PMC issues show-cause notice, fines builder over contaminated water supply in Mhalunge complex

Pune civic body fined VTP Aethereus Rs1 lakh and issued a show-cause notice for supplying contaminated water to residents. The developer claims the issue is resolved, citing a technical glitch at their water treatment plant. They assert water...

Homebuyers await execution of recovery warrants even two months after MahaRERA issued SOP to expedite process

Homebuyers await execution of recovery warrants even two months after MahaRERA issued SOP to expedite process

Homebuyers in Pune are facing prolonged delays in receiving compensation from defaulting developers, as recovery warrants remain stalled at the execution stage. Despite MahaRERA's new SOP, revenue authorities are slow to act, leaving many,...

Mumbai's office space costs surged by 8% in Q4 2025

Mumbai's office space costs surged by 8% in Q4 2025

Mumbai's net effective office costs surged by 8.0% in Q4 2025, the highest globally, driven by limited supply and strong demand for Grade A spaces. Delhi also saw prime office cost increases, mirroring sustained occupier interest. Globally,...

Maharashtra orders draft structure plan for Pune metropolitan region

Maharashtra orders draft structure plan for Pune metropolitan region

The state government has directed the PMRDA to immediately begin preparing a draft structure plan for the Pune metropolitan region. This plan will provide a broad framework for future infrastructure development, mobility networks, and environmental...

Maharashtra government approves PMC as planning authority for 23 merged areas

Maharashtra government approves PMC as planning authority for 23 merged areas

Pune Municipal Corporation has been officially designated as the planning authority for 23 merged areas, ending a period of dual control. This long-awaited decision by the state government resolves confusion over building permits and development...

Pune civic body imposes fine on developer for dumping debris on riverbed

Pune civic body imposes fine on developer for dumping debris on riverbed

Pune Municipal Corporation fined a private developer Rs 10 lakh for dumping trash on a riverbed and ordered a probe into illegal waste disposal. The civic body plans to establish 10 guarded centers for scientific waste management and will file...

Maharashtra cabinet nod to raise ₹6,000 crore loan for Purandar airport land acquisition

Maharashtra cabinet nod to raise ₹6,000 crore loan for Purandar airport land acquisition

The Maharashtra government has approved a Rs 6,000 crore loan to acquire land for the Purandar airport project. A special purpose vehicle, with CIDCO holding the majority stake, will manage the greenfield airport's execution. This project is...

Sonu Sood lease out commercial space to HDFC Bank for monthly rent of ₹11.75 lakh

Sonu Sood lease out commercial space to HDFC Bank for monthly rent of ₹11.75 lakh

Sonu Sood has signed a nine-year lease agreement with HDFC Bank for a commercial property in Trade Centre BKC, Mumbai. This deal begins with a monthly rental rate of ₹11.75 lakh, set to escalate by 15% every three years. The 2,700 sq ft unit,...

Turner International leases 46,000 sq ft workspace from WeWork India in Navi Mumbai

Turner International leases 46,000 sq ft workspace from WeWork India in Navi Mumbai

Turner International India has secured a large managed office space from WeWork India in Navi Mumbai. This new facility will accommodate over 650 employees. WeWork India has expanded its capacity by 20,000 desks in the last year.

Nagpur: 55km phase-III to be metro’s longest expansion

Nagpur: 55km phase-III to be metro’s longest expansion

Nagpur Metro's ambitious Phase 3 will add 54.5 km, including a significant 25 km stretch along the Inner Ring Road. This expansion, confirmed by Union Minister Nitin Gadkari, aims to boost connectivity across the city and industrial areas. The...

Three townships coming up in Himachal Pradesh, says minister

Three townships coming up in Himachal Pradesh, says minister

Himachal Pradesh is set to launch ambitious urban development projects, including new townships in Baddi, Morni Hills, and near Kangra airport, to address housing demand and enhance public convenience. The state will also develop 919 residential...

UBS picks up entire commercial tower in Pune’s Yerwada in ₹263-crore rental deal

UBS picks up entire commercial tower in Pune’s Yerwada in ₹263-crore rental deal

UBS India has secured an entire commercial building in Pune's Yerwada. The lease agreement with Smartworks Coworking Spaces is valued at over Rs 263 crore. This deal covers a 165,290 sq ft managed office facility. It highlights a growing trend...