Joyville to invest Rs 700 crore to develop 10-acre project in Pune, Real Estate News, ET RealEstate

MUMBAI: Realty developer Shapoorji Pallonji Real Estate’s mid-income housing subsidiary Joyville Shapoorji Housing, is planning to invest Rs 700 crore to develop its third residential project in Pune. The project spread over 10 acres within Pune’s Hinjewadi IT Park will be Joyville’s sixth project in India. Joyville is a $200 million platform by Shapoorji Pallonji, […]

Pune office absorption gains momentum; July-Oct leasing tops 1 million sq ft, Real Estate News, ET RealEstate

Representative Image MUMBAI: Commercial real estate activity in Pune, one of the key information technology and IT-enabled service hubs in the country, has started picking up after witnessing sluggish activity during the lockdown and the ongoing Covid-19 disruption. The market has recorded absorption of over 1 million sq ft during July to October compared to […]

Affordable housing lottery winners’ response poor, Real Estate News, ET RealEstate

PUNE: Only 240 winners of the online lottery conducted by the Pune Municipal Corporation (PMC) for allotment of apartments under the Pradhan Mantri Awas Yojana have paid the 10% advance necessary for the purchase of flats till the November 23 deadline. As many as 2,918 people had qualified during the online draw conducted by the […]

Maharashtra government to build 8.82 lakh houses under Maha Awas Yojana, Real Estate News, ET RealEstate

MUMBAI: Maharashtra Chief Minister Uddhav Thackeray has launched a new rural housing project named “Maha Awas Yojana,” under which 8.82 lakh rural houses will be built in 100 days period. Maharashtra’s Rural Development department will undertake this project, which will include toilets and other necessary amenities. Currently, the cost of the project has been estimated […]

CapitaLand secures Rs 1,700 crore from DBS & HSBC India for business park developments, Real Estate News, ET RealEstate

BENGALURU: CapitaLand has secured its first three green loans in India, totalling Rs 1700 crore (S$323 million) from DBS Bank India Limited (DBS) and the Hongkong and Shanghai Banking Corporation Limited India (HSBC India). The three green loans mark CapitaLand’s first foray in sustainable finance in India. Proceeds from the green loans will be used […]

Pune civic body to sell 1,200 civic flats to tenants, Real Estate News, ET RealEstate

PUNE: Tenants of around 1,200 municipal flats will soon get their ownership, with the Pune Municipal Corporation (PMC) deciding to sell these houses to their present occupiers. The civic body is expected to generate Rs200 crore in revenue from the move. According to PMC officials, these flats have been allotted to the citizens who lost […]

Pune residential sales up 58% quarter-on-quarter in Q3, launches rise 55%, Real Estate News, ET RealEstate

MUMBAI: Property market of Pune has witnessed 58% sequential rise in housing sales to 1,344 apartments in the third quarter led by the state government’s move to reduce stamp duty on property transactions. Sales momentum was also supported by low home loan rates, attractive schemes by builders, and competitive prices. Residential launches in the city […]

Residents in Pune against handing amenity spaces to builders, Real Estate News, ET RealEstate

PUNE: Resident associations from across the city are readying to fight the civic body’s proposal to lease amenity space to private builders for development. At least eight resident associations submitted protest letters in this regard to municipal commissioner Vikram Kumar this week. Citizens for Area Sabha, a citizen’s body, has also started an online petition […]

CPGRAMS directs Maharashtra government to address Lavasa residents’ grievances, Real Estate News, ET RealEstate

PUNE: The Central Public Grievance Portal (CPGRAMS) has directed the state government to address the grievances of Lavasa residents. In a reply to a complaint filed by Lavasa resident Suresh Goswami, under the apex association of Lavasa property owners, the centre has said that ‘land and colonization’ being state subjects should be addressed by the […]

Slum residents displaced by metro to find homes nearby, Real Estate News, ET RealEstate

PUNE: Residents of Kamgar Putala and Rajiv Gandhinagar slum pockets are a relieved lot after the Maharashtra Metro Rail Corporation Limited (MahaMetro) and the Slum Rehabilitation Authority (SRA) decision to rehabilitate them to a nearby locality. Earlier, the residents were ordered to relocate to Lohegaon after the land they were living on was taken over […]

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