December 2024

Pune Real Estate Faces Slowdown Amid Rising Prices

Pune's real estate market witnessed an 11% decline in property registrations in November 2024, with 13,371 registrations recorded. Revenue from property transactions also fell by 2%, dropping to INR 475 crore from INR 485 crore, according to Maharashtra government data. On a month-on-month (MoM) basis, property registrations decreased by 36% from 20,894 in October 2024, while revenue collections fell...

Work Begins on Pune Ring Road Project, MSRDC Clarifies Ceremony Confusion

Construction on the eastern segment of Pune’s ambitious Outer Ring Road, a key infrastructure initiative under the Mahayuti government, has commenced, but not without some controversy. A traditional puja conducted by the contractor on December 2 has been mistaken by some as the project’s formal groundbreaking ceremony. The Maharashtra State Road Development Corporation (MSRDC) clarified that the...

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