PMC acquires 285 acres of land worth ₹5,343cr in lieu of TDR
4 days, 20 hours ago

PMC acquires 285 acres of land worth ₹5,343cr in lieu of TDR

Hindustan Times  

PUNE The Pune Municipal Corporation has acquired 285 acres of land in lieu of Transfer of Development Rights since 2016. The PMC is facing a challenge for land acquisition for road projects and currently paying twice the amount specified by ready reckoner rates. Prashant Waghmare, city engineer, said, “We have acquired 285 acres of land as against TDR. The reserved land is being acquired for developing several citizen-centric projects like hospitals, gardens, playgrounds and schools.” The PMC is facing a challenge for land acquisition for road projects and currently paying twice the amount specified by ready reckoner rates.

Land Pmc Tdr 285 Acres  worth  projects  road  285  acquired  5343cr  tdr  acquires  pmc  specified  currently  twice  acquisition  lieu  land  acres

History of this topic

PMC property tax collection reaches ₹2,229 crore
2 days, 21 hours ago

PMC property tax collection reaches ₹2,229 crore

Hindustan Times  

The Pune Municipal Corporation is close to collecting the same amount of property tax for the year 2024-25 as the previous year, 2023-24. Property tax serves as the sole revenue source of the PMC. Pratibha Patil, who is holding temporary charge of the Property Tax department, said, ‘Till Tuesday evening, the PMC received ₹2,229 crore in property tax. But the …

PMC chief orders inquiry into private builder’s encroachment on reserved land
3 days, 22 hours ago

PMC chief orders inquiry into private builder’s encroachment on reserved land

Hindustan Times  

Pune municipal commissioner Rajendra Bhosale, on Monday, directed the administration to conduct an inquiry and take immediate action after a private builder allegedly encroached on land reserved for a maternity home and two gardens. Congress leader Mohan Joshi, along with Prashant Surase and other leaders, raised the issue with the municipal commissioner and submitted supporting documents. The corporation reserved 1,502 …

Citing high TDR value, Karnataka govt. decides to drop proposal to acquire palace land for road widening
2 months ago

Citing high TDR value, Karnataka govt. decides to drop proposal to acquire palace land for road widening

The Hindu  

Over 15 years after notifying the Bangalore Palace Grounds land for widening the traffic-heavy Ballari Road and Jayamahal Road, the Karnataka government has decided to drop the proposal to acquire the palace land. The Supreme Court has fixed ₹2,83,500 per square metre on Ballari Road and ₹2,04,000 per square metre on Jayamahal Road as the TDR. “In case, the Supreme …

Pune real estate market's property registrations report a 25% spike in 2024, stamp duty collections increase by 33%
2 months, 1 week ago

Pune real estate market's property registrations report a 25% spike in 2024, stamp duty collections increase by 33%

Hindustan Times  

Pune's real estate market reported a 25% spike in the total number of property registrations throughout 2024, with 190,025 property registrations compared to 152,323, and a 33% revenue increase to ₹7,098 crore from ₹5,352 crores, according to data from the Maharashtra Maharashtra IGR. Pune's real estate market reported a 25% spike in the total number of property registrations throughout 2024, …

PMC begins land acquisition for Inner Ring Road of PMRDA at Lohegaon
2 months, 3 weeks ago

PMC begins land acquisition for Inner Ring Road of PMRDA at Lohegaon

Hindustan Times  

The Pune Municipal Corporation has begun land acquisition for 45 kilometres of the Inner Ring Road of the Pune Metropolitan Region Development Authority at Lohegaon. For the 5.7 km stretch of the Inner Ring Road, 3.7 lakh square metres of land needs to be acquired. A 5.7 km stretch of the Inner Ring Road falls within the PMC limits and …

PMC to auction 2,000 properties to recover ₹200 crore in unpaid property taxes
3 months ago

PMC to auction 2,000 properties to recover ₹200 crore in unpaid property taxes

Hindustan Times  

With total property tax dues exceeding ₹10,000 crore, the Pune Municipal Corporation plans to auction 2,000 properties to recover at least ₹200 crore in unpaid property taxes. Madhav Jagtap, deputy commissioner of the income tax department, shared that over the past year, the PMC has sealed 2,600 properties not involved in legal disputes with 2,000 now set for auction before …

Pune district admin needs ₹500 crore to complete land acquisition for Ring Road
3 months, 2 weeks ago

Pune district admin needs ₹500 crore to complete land acquisition for Ring Road

Hindustan Times  

The Pune district administration has requested ₹500 crore from the Maharashtra State Road Development Corporation which it needs to acquire the remaining 200 hectares of land in the eastern and western parts of the city for the Outer Ring Road project. District collector Dr Suhas Diwase held a meeting on Wednesday at the collector’s office to review the pending land …

Issue fresh TDR as per guidance value for Palace Grounds land in Bengaluru: Supreme Court orders Karnataka govt
3 months, 2 weeks ago

Issue fresh TDR as per guidance value for Palace Grounds land in Bengaluru: Supreme Court orders Karnataka govt

The Hindu  

The Karnataka government has suffered a setback in the Palace Grounds case, as the Supreme Court on Tuesday ordered it to issue fresh Transferable Development Rights to the members of the Mysuru royal family, as per the guidance value of adjoining lands, in the next six weeks. Fresh TDR to cross ₹2,000 crore Now, with the apex court ordering the …

Microsoft India buys 25-acre land parcel near Hyderabad for more than ₹181 crore
3 months, 3 weeks ago

Microsoft India buys 25-acre land parcel near Hyderabad for more than ₹181 crore

Hindustan Times  

Microsoft Corporation Private Limited has purchased 25 acres of land for ₹181.25 crore in Mekaguda near Hyderabad, according to property registration documents accessed by Propstack. Microsoft India buys 25-acre land near Hyderabad for more than ₹ 181 crore. Global tech giant Microsoft had invested close to ₹1,000 crore by acquiring over 30 acres spread across an area in Pune’s Hinjewadi, …

Microsoft India buys another land parcel for ₹453 crore in Pune's IT hub Hinjewadi
6 months, 2 weeks ago

Microsoft India buys another land parcel for ₹453 crore in Pune's IT hub Hinjewadi

Hindustan Times  

Global tech giant Microsoft has invested close to ₹453 crore on a land parcel spread across an area of 16.4 acres in Pune’s Hinjewadi, a major IT hub, property registration documents accessed by Square Yards showed. 453 crore on land parcels spread across an area of 16.4 acres in Pune’s Hinjewadi, The recent land deal in Pune, registered in September …

PMC needs ₹1,500 cr to acquire land for road widening to ease traffic congestion
6 months, 4 weeks ago

PMC needs ₹1,500 cr to acquire land for road widening to ease traffic congestion

Hindustan Times  

Having recognised the surge in the number of vehicles on roads as the root cause of the growing traffic congestion in the city, the Pune Municipal Corporation has decided to widen 18 major roads to ease traffic flow, reduce travel time for commuters, and enhance the safety and efficiency of the city’s transportation network. An official from the land acquisition …

Pune civic body to survey 9 lakh residential properties which avail 40% tax rebate
7 months, 1 week ago

Pune civic body to survey 9 lakh residential properties which avail 40% tax rebate

Hindustan Times  

The Pune Municipal Corporation is planning to conduct a survey of all nine lakh residential properties who avail the 40 per cent tax discount, said officials. A senior official from the property tax department requesting anonymity said, “PMC gives a 40% tax discount to residential properties where the owners reside. As a result, PMC extended the exemption to all residential …

20 acres of prime land being leased out when land acquisition a problem
1 year ago

20 acres of prime land being leased out when land acquisition a problem

Hindustan Times  

At a time when the Pune Municipal Corporation and government machinery are struggling to acquire land for various projects, the Pune Metropolitan Region Development Authority and PMC have floated at least two proposals to lease out 20 acres of prime land in the heart of the city. The Pune Metropolitan Region Development Authority and PMC have floated at least two …

PCB to transfer 2,438 old grant properties, 362 staff to the state
1 year ago

PCB to transfer 2,438 old grant properties, 362 staff to the state

Hindustan Times  

Pune: The Pune Cantonment Board has proposed to transfer 2,438 old grant properties spread over 95.31 acres in notified civil area to the state government in its report to the chief secretary of Maharashtra related to excision of notified cantonment civil area. PCB has proposed to transfer 2,438 old grant properties spread over 95.31 acres in notified civil area to …

Realtors acquire 1,947 acres of land valued at ₹32,203 crore in CY2023
1 year, 1 month ago

Realtors acquire 1,947 acres of land valued at ₹32,203 crore in CY2023

Hindustan Times  

Real estate developers focused on the supply pipeline by investing in acquisition of land across the country in CY2023. A total of 1,947 acres of land valued at ₹32,203 crore in 111 separate deals was acquired in 2023 as compared to 1,603 acres in 2022 valued at ₹18,112 crore, up by 21% Year-on-Year. Real estate developers acquired a total of …

TSIIC Acting Illegally to Benefit BRS Legislator: Congress
1 year, 6 months ago

TSIIC Acting Illegally to Benefit BRS Legislator: Congress

Deccan Chronicle  

HYDERABAD: The Telangana State Industrial Infrastructure Corporation, which issued a notification for acquiring 108 of 155 acres for an industrial park in Turkapally, Yadadri Bhuvanagiri district, illegally exempted 15 acres to benefit the local BRS legislator, alleged TPCC spokesperson Boreddy Ayodhya Reddy here on Wednesday. The 15 acres land is currently in the name of some followers of the MLA …

Land acquisition for Coimbatore airport expansion in progress
1 year, 10 months ago

Land acquisition for Coimbatore airport expansion in progress

The Hindu  

A total of 62.8 acres of patta lands remain to be acquired for the expansion of the Coimbatore International Airport, according to officials involved in the process. They said the total area of 627.89 acres identified for acquisition comprises 461.90 acres of patta land, 137.62 acres of Defence land and 28.37 acres of poramboke land. Of the 461.90 acres of …

MHADA demands 100 hectares in merged villages for affordable housing
3 years, 6 months ago

MHADA demands 100 hectares in merged villages for affordable housing

Hindustan Times  

PUNE: The Maharashtra Housing and Area Development Authority has written a letter to the Pune Municipal Corporation and Pune Metropolitan Development Authority, demanding that 100 hectare land be reserved in the development plan of the newly-merged villages for the purpose of affordable housing. HT Image Nitin Mane, chief executive officer of the MHADA Pune board, said, “We have sent a …

PMC on a tight budget for devp of merged villages
3 years, 8 months ago

PMC on a tight budget for devp of merged villages

Hindustan Times  

PUNE Due to the Covid-19 situation, the Pune Municipal Corporaiton will only have ₹70 crore to spend on the 23 newly merged villages. Kunal khemnar, additional municipal commissioner of PMC said, “In the budget for 2021-22, PMC has allocated ₹100 crore for 23 merged villages. However, due to Covid-19 situation and 30 per cent cut in development funds, we will …

MVA government reduces development charges, PMC faces revenue cut
4 years, 2 months ago

MVA government reduces development charges, PMC faces revenue cut

Hindustan Times  

The Maha Vikas Aghadi government’s decision to reduce development charges and premium charges by 50 per cent throughout the year is directly hampering the revenue collection of all civic bodies including the Pune Municipal Corporation. In an attempt to boost the real estate sector, the state government took a decision to reduce development and premium charges. Usually, PMC gets around …

Assets worth ₹3,830 crore seized in PMC Bank money laundering case: ED
5 years, 5 months ago

Assets worth ₹3,830 crore seized in PMC Bank money laundering case: ED

Live Mint  

Mumbai: The Enforcement Directorate on Monday said it has seized and identified assets worth ₹3,830 crore, including private jets and a yacht, in connection with its probe in the PMC Bank money laundering case. “An amount of ₹98 crore of loan from PMC Bank was diverted to M Estate Developers, a proprietorship concern of close business associate of Rakesh Kumar …

PMC Bank scam: ED identifies assets worth Rs 3,830 crores for seizure
5 years, 5 months ago

PMC Bank scam: ED identifies assets worth Rs 3,830 crores for seizure

India Today  

Enforcement Directorate has seized, frozen and identified movable and immovable assets owned by M/s Housing Development and Infrastructure Limited, its directors, promoters, PMC Bank officials and other related entities in the PMC Bank fraud case. For example, an amount of Rs 98 crores of loan from PMC Bank was diverted to M Estate Developers, a proprietorship concern of close business …

Divisional commissioner asks PMC to expedite land acquisition for Lohegaon airport expansion
5 years, 6 months ago

Divisional commissioner asks PMC to expedite land acquisition for Lohegaon airport expansion

Hindustan Times  

The Pune divisional commissioner has instructed the Pune Municipal Corporation to expedite the land acquisition process for the extension of the Lohegaon Airport. Divisional Commissioner Deepak Mhaisekar held a review meeting with the municipal commissioner Saurabh Rao; district collector Naval Kishore Ram and stamp and registration department director general Anil Kawade to discuss the city’s various development projects. Divisional commissioner …

Land for MRPL expansion: Rate fixed at ₹60 lakh per acre
6 years, 4 months ago

Land for MRPL expansion: Rate fixed at ₹60 lakh per acre

The Hindu  

The price advisory committee, headed by Deputy Commissioner Sasikanth Senthil S., on Monday recommended ₹60 lakh per acre as the price for acquiring land in Kuthehoor, Permude, Mooluru, Tenka Yekkar and Kandavara villages for the fourth phase expansion of Mangalore Refinery and Petrochemicals Ltd.. The committee recommended the price following three meetings Mr. Senthil had with owners of lands in …

Acquisition Of 40 Acres Lapses As Maharashtra Govt Fails To Complete Proceedings In Almost 30 Years [Read Judgment]
6 years, 10 months ago

Acquisition Of 40 Acres Lapses As Maharashtra Govt Fails To Complete Proceedings In Almost 30 Years [Read Judgment]

Live Law  

The Bombay High Court recently allowed a petition filed by a public charitable trust called FE Dinshaw Trust and held that acquisition of land measuring almost 41 acres or 1,65,602 square metres had lapsed as the state government failed to complete acquisition in nearly three decades.A bench of Justice AS Oka and Justice Riyaz Chagla directed the state government to …

PMC acquires 3.5 hectares for Chandani chowk flyover; calls for meeting of property owners
7 years ago

PMC acquires 3.5 hectares for Chandani chowk flyover; calls for meeting of property owners

Hindustan Times  

After the initial delay in the land acquisition process for the proposed flyover at Chandani chowk, the Pune Municipal Corporation has acquired 3.5 hectares of land to speed up the process. To solve the land acquisition deadlock, PMC has also called a meeting of 85 flat owners whose flats are likely to be acquired for the project on Monday. After …

Pune Metro land acquisition hits PMC roadblock
7 years, 4 months ago

Pune Metro land acquisition hits PMC roadblock

Hindustan Times  

Food Corporation of India and Agriculture College have given the nod for acquiring land for the Pune Metro project but despite having ownership of the Metro project, the Pune Municipal Corporation has been slow in handing over the land at Kothrud and Swargate to the Maharashtra Metro Rail Corporation. The project plan has listed its requirement of 2.67 hectares of …

Land Acquisition Bill: Karnataka real estate sector also worried
11 years, 6 months ago

Land Acquisition Bill: Karnataka real estate sector also worried

The Hindu  

The passage of the land acquisition Bill has the real estate sector worried on its impact on land transactions. Sanjay Dutt, executive managing director – South Asia, Cushman & Wakefield, said, “The Bill is expected to majorly affect the development of large infrastructure projects, industrial projects and integrated township.” He said compensation for land acquisition would at least double in …

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