Lavasa residents count on final bid decision for pending project – ET RealEstate

PUNE: Residents of Lavasa hill station are awaiting a final decision with two companies submitting bids for the project ahead of the final deadline that ends in October. The residents have been waiting for the bids for the last three years. Residents said that Mumbai-based Darwin Group of companies and Delhi-based Dhir and Dhir Associates […]

Maharashtra: Subsidy for residential users to opt for rooftop solar power – ET RealEstate

PUNE: The Union government is providing a 40% subsidy to residential consumers and 20% subsidy to group housing societies and residential welfare associations to install rooftop solar systems, a statement issued by Maharashtra state electricity distribution company ltd (MSEDCL) said. The installation of a rooftop solar system will lead to huge savings in monthly household […]

Inspire Co-spaces sets up 50,000 sq ft co-working center in Pune’s Kalyani Nagar – ET RealEstate

Representative Image Flexible office space provider Inspire Co-spaces has set up its new co-working space spread over 50,000 sq ft in Pune. The center in Kalyani Nagar locality of Pune houses 1,000 seats, each priced between Rs 6,000-10,000. “We are delighted to open our new and strategically important co-working space in Pune. It’s crucial for […]

Maharashtra: 30,000 co-operative housing societies await elections to plan redevelopment – ET RealEstate

PUNE: Nearly 30,000 co-operative housing societies across Maharashtra are awaiting the state government’s orders for conducting elections after August 31 to elect new managements and plan redevelopment pending for long. Maharashtra Housing Federation vice-chairman Suhas Patwardhan on Wednesday said those societies had been waiting for long to conduct the elections that could not be held […]

Housing sales may rise 30% in 2021; to remain below pre-covid levels: Report – ET RealEstate

NEW DELHI: Housing sales are likely to rise by 30 per cent across seven major cities to nearly 1.8 lakh units in 2021, but demand will still be lower than the pre-COVID levels, according to property consultant Anarock. According to Anarock research, housing sales are expected to increase 30 per cent year-on-year (y-o-y) to 1,79,527 […]

Pune: PMC-SRA survey for slum rehabilitation in merged villages – ET RealEstate

PUNE: The Slum Rehabilitation Authority (SRA) and the Pune Municipal Corporation (PMC) have started a survey of slum pockets and probable rehabilitation locations in 23 villages merged into the city civic limits last month. A team of officials from the SRA and the PMC conducted a survey in Wagholi recently. The officials said that inspections […]

Residential sales records 75% growth in H1 2021: Report – ET RealEstate

NEW DELHI: Housing sales recorded over 75% growth on a year-on-year basis across top seven cities in H1 2021, according to a recent report by CBRE South Asia. Pune led sales activity with an approximately 26% share, followed by Mumbai (19%). It was closely followed by Hyderabad and Delhi-NCR with 18% and 17% shares respectively. […]

Pune: Paying guest facilities see a steady return of students – ET RealEstate

Representative Image PUNE: Paying guest (PG) facilities, hostels and other student accommodations are filling up slowly but steadily as students return to the city in the hope of classes starting soon. Vishal Agarwal, who runs a PG set up for boys and girls on BT Kawade Road, said, “I have been getting many enquiries from […]

Office space leasing touch 10.9 million sq ft in top six cities: Report – ET RealEstate

NEW DELHI: Leasing activity across six major cities in India during the first half of 2021 dragged to a six-year low, according to a recent report by Savills India, an international real estate advisory firm. In the January-June 2021 period, office absorption in six major cities stood at approximately 10.9 million sq ft, down by […]

Government to take call on who will draft 23 villages’ development plan: Maharashtra Deputy CM – ET RealEstate

PUNE: Deputy chief minister Ajit Pawar on Friday said the state government would take the final call on whether the PMC or the PMRDA would prepare the development plan for the 23 villages recently merged with the civic limits. He said the Pune Municipal Corporation (PMC) had the right to pass a resolution about the […]