What is CIDCO? CIDCO, the City and Industrial Development Corporation of Maharashtra, is India's wealthiest government authority, established and governed by the Government of Maharashtra in 1970. Initially created to develop a satellite town for Mumbai, it now functions as the New Town Development Authority (NTDA) and Special Planning Authority (SPA) for the Government of Maharashtra. CIDCO is...
What is MHADA? MHADA, which stands for Maharashtra Housing and Area Development Authority, is a housing initiative designed to provide residents of Maharashtra with affordable access to residential properties. Eligibility for this scheme is determined through a lottery system. This comprehensive guide covers the MHADA lottery, offering insights into the scheme's purpose, advantages, eligibility...
Property tax is a levy imposed by Pune Municipal Corporation (PMC) on property owners, determined by the assessed value of their real estate. It's an annual tax used to finance public services and infrastructure projects such as schools, roads, and emergency services. The tax amount is calculated by multiplying the property's assessed value by the applicable tax rate set by the local government. Rates and...
The Pune Metropolitan Region Development Authority (PMRDA) serves as the planning and development authority overseeing the Pune Metropolitan Region. Established in 2015, it holds jurisdiction over an area spanning 7,256.46 km2 (2,801.73 sq mi) and is home to approximately 7.276 million people, making it the second-largest urban unit in Maharashtra. PMRDA's jurisdiction encompasses entire talukas,...
About Pune Metropolitan Region Development Authority (PMRDA) The Pune Metropolitan Region Development Authority (PMRDA) serves as the official entity overseeing the ongoing plans and development activities throughout the Pune Metropolitan Region. Established in the first quarter of 2015, this authority has jurisdiction over an expansive area of 7,256.46 km2 or 2,801.73 square meters. With a...
Property registration is the official and legal procedure through which details of a real estate transaction are formally recorded with the government. This process is vital for verifying rightful ownership and facilitating the transfer of property rights from the seller to the buyer. In Maharashtra, property registration typically takes place at the local Sub-Registrar Office within the property's...
Whether you're in the midst of buying or selling a home, choosing a reliable real estate agent is a critical decision. Their impact is substantial, as they can either enhance or impede your experience in the real estate market. It's essential to engage an agent who approaches their role with expertise and professionalism, ensuring the process is managed effectively. A real estate agent is a licensed...
Buying a house can be an overwhelming experience, both financially and emotionally. Right from financing the purchase to selecting the builder, it encompasses numerous aspects. To help you through the process, here we share with you a step-by-step guide to buying a house. Step 1: Determine your budget The initial step involves determining your budget for a new home. Factors such as your...
Acquiring your first home is often one of the most demanding and costly transactions you'll undertake in your life. However, by making sound decisions, planning ahead, and fully comprehending your choices, it can become a relatively rare occurrence. Simply feeling ready to take the leap into homeownership doesn't automatically translate to genuine readiness. The process involves a level of financial and...
Kharadi IT Park, situated in Kharadi, Pune, Maharashtra, India, stands out as a prominent hub for the information technology (IT) industry. It hosts a diverse range of IT companies, from multinational corporations to smaller enterprises. Over recent years, the area has undergone rapid growth, witnessing the construction of numerous IT buildings, office spaces, and commercial establishments tailored...
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