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07 Feb 2026
The Union Budget for 2026-27 has allocated INR 517 crore for the Pune Metro project to support ongoing construction and planned network expansion. The funding is aimed at completing pending Phase I works and moving preparatory activities for Phase II corridors. Key focus areas include the Pimpri Nigdi elevated stretch and the Swargate Katraj underground section. With daily ridership remaining above two lakh passengers, the allocation reflects sustained demand for metro services across Pune and Pimpri-Chinchwad.Read more
06 Feb 2026
The Pune Municipal Corporation (PMC) has placed before its standing committee a proposal to raise property tax by 10 per cent for the upcoming financial year, prompting widespread criticism from citizens' groups and activists. The proposal, intended to bolster civic revenue amid rising expenditure and slow growth in income, will be considered by the committee in the coming days, with final approval required from the full civic body before mid-February. Critics argue that increasing tax for compliant property owners is unjust when substantial dues, reportedly around INR 7,000 crore, remain uncollected from major defaulters, including commercial entities, government departments and disputed claims. Opponents have urged the administration to prioritise recovery of outstanding taxes and to explore alternative revenue avenues rather than imposing a higher tax burden on ordinary taxpayers. The issue has become contentious in the run-up to key municipal budget decisions.Read more
05 Feb 2026
Godrej Properties Ltd has strengthened its Pune footprint by acquiring an 8.5-acre land parcel in the rapidly growing Mahalunge micro-market, marking a strategic expansion in one of India's most dynamic residential hubs. The acquisition was made through an outright purchase and is planned primarily for group housing development with a developable potential of about 2.1 million square feet and an estimated revenue potential of approximately INR 2,000 crore. Situated in the Mahalunge-Maan-Nande belt within the Mahalunge-Hinjewadi corridor, the site benefits from strong connectivity, proximity to key employment hubs such as Hinjewadi and Baner-Balewadi, and emerging infrastructure including the upcoming Pune Inner Ring Road. Godrej's leadership views the land purchase as a critical step in deepening its presence across high-potential micro-markets in major Indian cities.Read more
02 Feb 2026
Maharashtra Metro Rail Corporation Ltd (Maha Metro) has invited bids for key infrastructure works on the Ramwadi Wagholi section of the Pune Metro Phase-2 expansion, signalling progress on one of the city's largest upcoming transport corridors. The tender covers construction of an elevated Metro viaduct and a six-lane elevated road beneath it along a 4.8-km stretch between Ramwadi and Tuljabhavani Chowk, part of the longer 11.6-km corridor featuring 11 stations. Both works are planned to be executed in tandem to minimise disruption and to integrate transit and road infrastructure. The broader Phase-2 project, approved by the Union Cabinet, is estimated at around INR 3,626.2 crore and will extend the Pune Metro network eastwards to Wagholi, improving connectivity on heavily congested routes and supporting urban mobility. Maha Metro has scheduled pre-bid engagement and set a timeline for bid submissions, with construction expected to span 42 months from commencement.Read more
01 Feb 2026
Stamp duty collections from Pune's property market crossed approximately INR 7,119 crore in calendar year 2025, the highest annual total in the past four years, even as property registrations edged down marginally, according to real estate consultancy Knight Frank India. The city recorded around 1,85,657 registrations during the year, reflecting a 2.3 per cent year-on-year decrease, but sustained demand for higher-value homes supported revenue growth. In December 2025, registrations were lower than the same month a year earlier, influenced partly by a high comparative base, yet values indicated continued underlying demand. Smaller homes up to INR 1 crore continued to account for the bulk of registrations, while larger units saw modest share growth, underscoring enduring interest in both mid-segment and premium housing in Pune's residential market.Read more
01 Feb 2026
Pune's residential property market continued to display strong end-user demand in 2025, with housing sales significantly outpacing new supply, according to the Pune Housing Report 2025 by CRE Matrix in association with CREDAI Pune. The city recorded around 81,000 registered apartment sales during the year, compared with 64,000 new housing launches, indicating demand running well ahead of supply. Transaction values crossed INR 63,000 crore, reflecting a marked shift towards larger homes and higher ticket sizes. While homes priced below INR 1 crore continued to dominate overall volumes, premium and luxury segments saw the fastest growth. Supply additions were impacted by approval delays across multiple planning authorities, resulting in fewer new project launches. Despite these constraints, Pune remained India's most affordable major housing market while leading the country in residential sales volumes.Read more
22 Jan 2026
The Pune Municipal Corporation has extended its property tax amnesty scheme after collecting INR 713 crore from defaulters during the initial phase. Around 1.24 lakh property owners cleared pending dues by availing a 75% waiver on penalties. The scheme helped ease long-standing tax arrears that had increased due to monthly penalties on delayed payments. Encouraged by the response, the civic body decided to allow more time for additional defaulters to participate. The collections are expected to support municipal finances as budget preparations continue.Read more
17 Jan 2026
Kolte-Patil Developers Ltd has entered into a joint development partnership with a landowner to develop a residential project in Pune, with an estimated revenue potential of INR 850 crore. The proposed housing project will be developed at Bhugaon and will have a total developable area of around 1.1 million square feet. The company disclosed the transaction in a regulatory filing, stating that the project's expected gross developable value reflects the total sales potential of the development. The identity of the landowner has not been disclosed. The agreement aligns with Kolte-Patil Developers strategy of expanding through asset-light partnerships in key residential markets.Read more
12 Jan 2026
CREDAI Pune has announced the 24th edition of the Pune Property Expo 2026, scheduled to be held from January 16 to 18 at the Agriculture College Ground, Pune. Positioned as the largest real estate exhibition organised by CREDAI Pune to date, the expo will bring together over 85 trusted developers showcasing more than 400 RERA-registered projects across Pune, PCMC and PMRDA regions. The platform aims to serve homebuyers and investors with a comprehensive view of residential and commercial offerings, ranging from affordable homes to luxury residences and Grade A commercial assets. Themed Poona to Pune, the exhibition highlights the city's evolution while underlining sustainable and future-ready real estate development.Read more
09 Jan 2026
Pune's proposed Yerawada Katraj underground tunnel project has progressed with the completion of a pre-feasibility report by the Pune Metropolitan Region Development Authority. The report will be submitted to the Pune Unified Metropolitan Transport Authority after the model code of conduct is lifted. The project is aimed at easing traffic congestion through a north south underground corridor. While initial feedback from the state government has been encouraging, decisions on alignment, costs, execution and funding will depend on further evaluations and approvals in the next stage.Read more
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09 Jan 2026
Horizon Industrial Parks has strengthened its partnership with automotive components manufacturer Benteler Automotive India by leasing additional manufacturing space at its Chakan facility in Pune. The new lease underscores the growing demand for high-quality industrial infrastructure in established automobile hubs and reflects the broader push towards localisation within India's manufacturing ecosystem. By expanding its footprint, Benteler aims to reduce dependence on imports and improve supply-chain efficiency through in-house production capabilities. The development also highlights how integrated industrial parks with strategic locations, sustainability features and modern layouts are increasingly attracting global manufacturers looking to scale operations in India. This expansion reinforces Pune's position as a key automotive and manufacturing cluster and signals continued momentum in the country's industrial real estate sector.Read more
06 Jan 2026
Pune airport is preparing for significant growth in 2026, expecting an additional 10 lakh passengers, which marks around a 7 per cent rise compared to 2025. Domestic traffic grew by nearly 5 per cent last year, while international travel surged over 65 per cent. Authorities are focusing on infrastructure improvements, including a new Security Hold Area, terminal expansion, additional parking bays, and runway upgrades. The Indian Air Force allocated 15 extra flight slots, but airlines have not fully utilised them due to infrastructure limitations. Experts urge timely expansion to ensure smooth operations.Read more
01 Jan 2026
Residents from eastern Pune areas such as Wadgaon Sheri, Wagholi, Lohegaon and Dhanori have raised concerns over inadequate civic infrastructure that continues to affect daily living. They flagged persistent issues including irregular water supply, poor road conditions, ineffective drainage, traffic congestion and limited healthcare access. The residents submitted a detailed representation to the Pune Municipal Corporation, seeking time-bound action on essential services. Civic groups stated that rapid population growth in these areas has not been matched by infrastructure upgrades, resulting in mounting pressure on basic amenities.Read more
25 Dec 2025
Pune's residential market continued its strong performance in November, with more than 14,200 property registrations recorded, indicating healthy demand across the city. Stamp duty collections associated with these transactions surpassed INR 565 crore, reflecting solid revenue growth for civic authorities. Demand was broad-based across price segments, with homes priced up to around INR 1 crore accounting for a significant share of activity, while higher-priced units also contributed to overall volumes. Both central and peripheral sub-markets participated in the uptick, suggesting growing buyer interest driven by improved connectivity, employment hubs and lifestyle infrastructure. Through the first eleven months of 2025, Pune's housing transaction and revenue figures are among the strongest in recent years.Read more
24 Dec 2025
A firm associated with Parth Pawar, son of Maharashtra Deputy Chief Minister Shri Ajit Pawar, has moved a Pune civil court seeking cancellation of a sale deed linked to a 40-acre land parcel in Mundhwa. The land transaction, valued at INR 300 crore, came under scrutiny after authorities found that the plot was government-owned and not legally saleable. The civil suit names the power of attorney holder and original landowners as defendants. The case follows multiple FIRs, arrests, and an ongoing probe into alleged irregularities, including stamp duty evasion.Read more
22 Dec 2025
Shapoorji Pallonji Real Estate has forayed into the residential plotted development segment with the launch of its first project in Pune, responding to rising homebuyer interest in land-led housing formats. The 105-acre project, branded Treetopia, comprises 483 residential plots and carries an estimated revenue potential of around INR 600 crore. Located near the upcoming Purandar International Airport, the development marks a strategic expansion of the company's residential portfolio beyond group housing projects.Read more
20 Dec 2025
CREDAI Pune reinforced its focus on labour welfare by hosting the fourth edition of the Pride Best Facility Awards 2025, recognising developers for raising standards at construction worker residence camps. With participation from over 105 developers, the awards reflected growing industry commitment towards safe, hygienic and dignified living conditions for the workforce. Categories covered health, safety, skill development, women workers welfare, crèche facilities, innovation and debut projects. Senior civic officials and industry leaders highlighted how improved labour facilities enhance productivity, morale and long-term workforce stability. The initiative continues to push developers beyond compliance, positioning labour welfare as a core pillar of responsible real estate development.Read more
17 Dec 2025
The National Green Tribunal has allowed construction to resume at a major residential or mixed-use project in Pune's Baner area, subject to strict environmental safeguards. The order requires the developer to install real-time air quality monitoring systems and make pollution data publicly available. Mandatory dust-control measures, including water sprinkling, material covering and wheel-washing facilities, must be followed throughout construction. Regular reporting to pollution control authorities has also been directed, with provisions to halt work if limits are breached. The decision balances development needs in one of Pune's fast-growing residential hubs with concerns around air quality, public health and responsible urban growth.Read more
11 Dec 2025
The National Green Tribunal's Western Zone Bench has ordered an immediate halt to construction at a residential project in Baner after a neighbouring housing society complained of dust, noise and improper waste handling. The Tribunal reviewed a recent Maharashtra Pollution Control Board (MPCB) inspection, which flagged missing acoustic barriers, poor storage of raw materials, lack of controlled areas for cutting and grinding, and failure to follow construction-waste rules. Noting that earlier MPCB directions had not been effectively enforced, the NGT directed the Board to act on the developer's reply and ensure no work resumes until proper pollution-control measures are in place. The main case will be heard in April.Read more
10 Dec 2025
Welspun One has announced plans to develop a Grade-A logistics park in Pune's Talegaon MIDC Phase-IV, spread across roughly 1.2 million sq ft, supported by an investment of INR 550 crore. The company recently received a 46-acre land parcel for this project, which will cater to sectors such as 3PL, e-commerce, FMCG, automotive, engineering, and manufacturing. Pune's warehouse leasing activity has grown by about 10% compared to last year, with the Talegaon-Chakan region accounting for nearly 70% of the city's demand. The project aligns with Welspun One's continued expansion across major logistics corridors.Read more
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