Citizens Forum Asks PCMC For Jogging Park At Nashik Phata

The Citizens Forum of Kasarwadi has reiterated its demand for a jogging park at Nashik Phata. The forum has been demanding a park in the area for long but has received little response from the Pimpri-Chinchwad Municipal Corporation (PCMC).

Read the rest of the Indian Express article, Citizens’ forum demands jogging park at Nashik Phata.

Property Prices Move Up: Makaan.Com Study

Property prices in India have moved up in the last 12 months, according to a March report released by property research firm Makaan.com. Makaan.com’s property index, which covers six cities, stood at 1,117 compared with 954 in the corresponding month last year, an increase of over 17%. The rise is attributed to the hardening of property prices in Mumbai and Pune, which rose by 29.4% and 28.1%, respectively. Prices in Delhi rose by 6.8% during the same period.

Read the article in LiveMint, Property prices move up: Makaan.com study.

Pune Property Prices Continue Upward Trend

Property prices in Pune went up by 9.2% in the last quarter, making the city one of the only three in the country to see a rise.

Vice president of Confederation of Real Estate Developers of India (CREDAI) Pune, Rohit Gera said, “Continuous rise in the Pune property prices can be attributed to two reasons. Firstly, the city never saw a major rise in prices as compared to other cities. Prices here rose gradually. On the other hand, Mumbai and Delhi saw a peak in the later half of 2009 and therefore a little correction was expected there.”

He added, “In Pune, when the slowdown was at its peak, no new projects were announced and builders put a halt to the existing work, resulting in a situation where there was no additional supply despite demand. Therefore, builders here could once more afford to increase the prices.”

Times Private Treaties Invests In Pharande Promoters

Times Private Treaties has announced investments in the Bangalore-based Prestige Group and the Pune based Pharande Group. With these investments, Times Private Treaties today has a stake in more than a dozen real estate firms across the country.

The Pharande Promoters and Builders have emerged in the past decade and a half as one of the pre-eminent builders of unique and high quality residential projects in Pune. Pharande Promoters are currently executing projects in the industrial township Pimpri Chinchwad.

Set up in 1992 by Anil Pharande, the firm has constructed more than 1.7 million sq.ft residential spaces and developed more than 100 acres of land. Pharande Promoters have built a range of residential projects, including bungalows, row houses and apartments in industrial townships.

Pharande Spaces are amongst the most dynamic construction companies in the Pradhikaran area of Pune, with a compounded annual growth rate of 50 % in the period 1999 to 2005, almost 100 % in 2005 – 2006 and 130% in 2006-2007 and 150% in 2007-2008.

Read the rest of the release, Times Private Treaties Invests In Prestige and Pharande Promoters.

How To Increase Your Home’s Resale Value

Most of us know exactly what we want from our future residence – the look, the facilities, the accessories, etc. This does not mean, however, that a home which meets all these requirements is ideal.

To judge whether a new residence will be a real asset in the long run, we must consider many variables. Paying attention to these will not only ensure maximum comfort and convenience during actual use, but also maximum resale value in the future.

Mrunal Duggar of Homebay Residential, Jones Lang LaSalle Meghraj, gives tips on how to make the most out of selling your home.

Read the rest of the article, Maximise resale value.

PCMC Adopts E-Tendering For School Equipment

While the Pimpri-Chinchwad Municipal Corporation (PCMC) has decided to adopt e-tendering method for purchasing the equipment for civic schools, the neighbouring Pune Municipal Corporation (PMC) school board said that it could not do so, at least this year, as it has already issued tenders for school material purchase.

Following regular allegations of misappropriation of funds, the PCMC school board on Thursday decided to go for e-tendering. Civic activists say the e-tendering system will bring in some amount of transparency, considering that the PMC’s school material purchase procedure is caught in controversy every year.

Read the rest of the Indian Express article, School bids: Pimpri-Chinchwad adopts e-tendering, Pune says too late.

Property Tax In PCMC

How is property tax calculated in PCMC?

To find the answer to this question just go to the PCMC website where you can access allPCMC property tax documents and information online. Go here for the PCMC website.

PMC To Build Vanaz-Ramwadi Metro Railway

The state government has endorsed the Pune Municipal Corporation’s (PMC) stand to build the 14.925-km second corridor of the metro railway from Vanaz on Paud road to Ramwadi on Ahmednagar road without waiting for the Pimpri-Chinchwad Municipal Corporation’s go-ahead.

The Delhi Metro Rail Corporation (DMRC) had recommended its model for Pune and Pimpri-Chinchwad. The report suggested the execution of the project on two corridors. The first corridor is from the PCMC building to Swargate while the second will run from Vanaz to Ramwadi.

The 75-km project encompasses Pune and Pimpri-Chinchwad involving both civic bodies. However, the PMC will build the second corridor, which falls in its jurisdiction, first and not wait for the PCMC’s consent.

Read the rest of the TOI article, Wheels roll for Vanaz-Ramwadi metro corridor.

Residential Property Prices High In Pune And Mumbai

There is an emerging consensus that Indian home buyers are mostly end users, looking at new properties in upcoming locations. They are comfortable with leverage and primarily interested in mid-income housing.

End-user demand is higher in Mumbai, Hyderabad and Bangalore, while investor demand is higher in Ahmedabad and Pune. The perception of home prices being high is prevalent mostly in Mumbai and Pune.

Read the rest of the article in the Financial Chronicle, There is a buzz out here.

PMC To Study Best Practices Of Other Municipal Bodies

The Pune Municipal Corporation (PMC) will undertake a study of the best practices of other municipal bodies across the country so as to implement them in the city.

The PMC has seen exponential growth of population and real estate in the city over the years and it has been struggling with problems of solid waste disposal, sewage treatment, traffic and public transport system besides shortage of drinking water.

Read the rest of the Indian Express article, Long-term plans for growing city, civic body to learn from others.