2024

Pune Metro has launched a new feeder bus service in collaboration with Pune Mahanagar Parivahan Mahamandal Ltd (PMPML), connecting Ramwadi Station to the World Trade Center and EON IT Park-Kharadi. This service began operations on June 19, 2024, with the primary goal of enhancing daily commuting experiences for residents and employees in these bustling areas. The initiative aims to streamline travel...

In a strategic move aimed at accelerating its expansion efforts, Microsoft has launched a widespread recruitment campaign targeting real estate lawyers across every state and Union Territory in India. The tech giant's ambitious hiring spree spans from Tamil Nadu and the Andaman and Nicobar Islands to the northeastern states including Manipur, as well as regions like Ladakh, Puducherry, and Jammu and...

The much-anticipated underground rail service of Pune Metro connecting Civil Court to Swargate is poised to commence in September, with expectations that construction will wrap up by the end of August. Pune Metro's executive director, Hemant Sonawane, confirmed the successful completion of trial runs on both lines of the underground rail service. He mentioned that following the completion of construction...

The Government of Maharashtra has extended the application of the Unified Development Control and Promotion Regulations (UDCPR) to 23 villages incorporated into the Pune Municipal Corporation. This measure is aimed at simplifying procedures, particularly benefiting small property owners and developers. Acting as the planning authority for these 23 merged villages, the Pune Metropolitan Region...

Project Overview The Mumbai – Ahmedabad High-Speed Rail (MAHSR Bullet Train) project, currently under construction, encompasses a 508.17 km High-Speed Rail line linking Mumbai, Maharashtra, and Ahmedabad, Gujarat, via 12 stations. This ambitious endeavor is estimated to cost around INR 1.1 lakh crore (USD 15 billion). Under the auspices of the G7 Partnership for Global Infrastructure and...

Mumbai has served as a pivotal financial hub in India for more than a century, experiencing unparalleled growth as one of the fastest-expanding metropolitan cities globally. Its economic prosperity has drawn individuals from across the nation, resulting in a surge in population and subsequent demand for housing and infrastructure. What is Mumbai 3.0? The operational Mumbai Trans Harbour Link (MTHL)...

The Pune Metropolitan Region Development Authority (PMRDA) has opted to lease out valuable land situated in Shivajinagar, alongside the old Pune-Mumbai highway, as a means to generate funds for Pune Metro line 3 (Hinjewadi to Shivajinagar). With a base price set at INR 396.50 crore, PMRDA aims to utilize this resource to finance the project. This decision follows the allocation of three government land...

What is Ready Reckoner rates?The ready reckoner rates refer to the prices of residential, commercial, or land properties within a specific area, as determined and overseen by the Maharashtra state government. These rates undergo periodic revisions annually based on the government's assessment of market conditions. Consequently, homeowners or buyers are obligated to pay stamp duty or registration fees,...

During the inauguration of a new terminal building at the Lohegaon airport on March 10, 2024, Maharashtra Deputy Chief Minister Devendra Fadnavis announced that the new international airport in Pune will be constructed in Purandar, the original location designated for the project. Fadnavis stated, "The site chosen in Purandar had received all necessary clearances from the Defence Ministry. However, the...

The Pune Metropolitan Region Development Authority (PMRDA) has opted to develop two sections of the proposed Inner Ring Road through public-private partnership (PPP) as a pilot project, with the development costs to be repaid via credit note. A tender was floated on 14th February 2024 to appoint a project management consultant to oversee the construction, estimated to cost INR 550 crore for both sections....