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Expanding RERA’s reach: Push for Accountability in Public Infrastructure
Read more: Expanding RERA’s reach: Push for Accountability in Public InfrastructureUpdated on IN RERA’s current scope primarily focuses on real estate development intended for sale. It encompasses both residential and commercial building projects where individual units are sold to buyers. This regulatory framework provides a level of consumer protection and project accountability within the traditional property market. However, RERA’s jurisdiction does not extend to non-residential […]
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Pune bridge collapse tragedy leaves casualties
Read more: Pune bridge collapse tragedy leaves casualtiesUpdated on IN The recent collapse of a bridge in Pune has resulted in a heart-wrenching tragedy, leaving behind a trail of casualties and widespread devastation. The incident has sent shockwaves through the community, raising serious questions about infrastructure maintenance and safety protocols in the region. Immediate Aftermath and Rescue Efforts In the immediate aftermath […]
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Wrong TDS form triggers rs 46 lakh tax notice
Read more: Wrong TDS form triggers rs 46 lakh tax noticeUpdated on IN A non-resident Indian (NRI) based in the US found himself in a difficult situation after selling his Pune property for Rs 2 crore. Despite following all the correct procedures, a technical error on the buyer’s part led to significant complications. The buyer, responsible for the tax deduction at source (TDS), mistakenly used […]
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Wework india expands pune and chennai footprint
Read more: Wework india expands pune and chennai footprintUpdated on IN WeWork India is strengthening its presence in Pune with the addition of WeWork EON Free Zone. This new centre represents a significant expansion of its footprint in the city. The upcoming workspace will offer businesses a modern and flexible office space solution. The lease agreement for WeWork EON Free Zone underscores WeWork’s […]
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Workspace demand surge fuels Indian real estate growth
Read more: Workspace demand surge fuels Indian real estate growthUpdated on IN India’s commercial sector is currently experiencing a significant upturn, largely driven by a powerful surge in workspace demand. Several factors contribute to this heightened need for office spaces, including the robust expansion of multinational corporations within India, the thriving startup ecosystem, and the increasing return-to-office mandates from various organisations. This increased demand […]
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Tier 2 cities infrastructure paving the way for investment Pune
Read more: Tier 2 cities infrastructure paving the way for investment PuneUpdated on IN Pune, a prominent example of how strategic infrastructure development can catalyse economic growth in tier 2 cities, showcases a remarkable transformation over the past decade. The city’s proactive approach to improving its connectivity and urban amenities has significantly boosted its appeal to both domestic and international investors. Key Infrastructure Projects Driving Growth […]
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Mumbai office vacancy plummets to record low in Q1
Read more: Mumbai office vacancy plummets to record low in Q1Updated on IN Mumbai’s office vacancy has plummeted to a record low of 11.9% in the first quarter of the year, signalling a robust start for the commercial real estate sector. This represents a significant drop and underscores the strong demand for office spaces within the city. According to a recent report by JLL, Mumbai […]
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Pune’s transformation into a Global Capability Center (GCC) hub
Read more: Pune’s transformation into a Global Capability Center (GCC) hubUpdated on IN Pune’s transformation into a Global Capability Center (GCC) hub is significantly reshaping its economic landscape. The surge in GCC activity is fuelled by two primary factors: a readily available pool of skilled technology talent and the comparatively affordable cost of commercial office space. This advantageous combination is attracting multinational corporations seeking to […]
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Maharera updates project certificate format
Read more: Maharera updates project certificate formatUpdated on IN MahaRERA has implemented a revised format for its project certificates, significantly enhancing the information available to homebuyers. The updated project certificate aims to bolster transparency within the real estate sector by providing a more detailed overview of registered projects. This structural overhaul ensures that crucial project specifics are readily accessible, empowering potential […]
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Redevelopment frenzy in Mumbai a cautionary tale
Read more: Redevelopment frenzy in Mumbai a cautionary taleUpdated on IN Mumbai’s Redevelopment Boom Mumbai is currently experiencing an unprecedented redevelopment frenzy. This transformation, driven by a complex interplay of factors, is reshaping the city’s skyline and impacting the lives of millions. Old buildings, often dilapidated and struggling to meet modern safety standards, are being demolished to make way for towering skyscrapers and […]