Property Tax Burst from Unification Will Make Pune Civic Body Prosper

By Accommodation Times Bureau The unification of villages into Pune Municipal Corporation (PMC) limits is going to make the civic body rich and prosper. If recovered properly, property tax from these villages alone would add Rs 15 crore to PMC’s chests per annum. In July, the state had accepted the merger of Uruli-Devachi and Phursungi with PMC, along with the complete fusion

Pune Leads in Pre-commitment among Key Office Markets

Ramesh Nair – CEO & Country Head, JLL India By Accommodation Times Bureau For more than a year now, Pune has seen the highest pre-commitment levels among Indian office markets. In fact, in 2Q 2017, Pune’s pre-commitment activity stood at 48% that is almost half of the total supply expected during 2017. Bengaluru at39%, Mumbai at 33% and Delhi-NCR at 22% of their respective total

Baner park to be a boon for residents

  By Accommodation Times Bureau Two parks coming up in the heart of Baner are set to fulfil a long pending demand of Balewadi Phata residents. One park is located near Rutuparna Society opposite Jupiter Hospital, and the other is adjacent to Dot Fitness gym. Spanning over almost 2,000 square metre each, the

Pune requires 2 million homes by 2041

By Accommodation Times Research Pune requires atleast 25 Lakhs more homes to house its growing population as identified by Regional Plan Pune 2041. The population projected for Pune city by 2041 is 8.59 million which will be more than double the existing population. Population density has increased from 10405.28 persons/ Sq.Km in 2001

Only 14% TDR remaining to be utilized in Pune

By Accommodation Times News Services According to Revised Regional Plan of Pune 2041, only 14% of total Transfer of Development Rights (TDR) is remaining to be utilised. Transfer of Development Rights (TDR) is a certificate from the Municipal Corporation that the owner of a property gets where his/her property (either part or