Up next
Tags

Microsoft has paid Rs 328.84 crore for a land measuring 1.01 lakh sq mt in Pune’s Haveli area.

By Varun Singh

In one of the biggest land deals in the state, a land measuring 1.01 lakh in Pune’s Haveli area took place earlier in March this year.

According to documents provided to SquareFeatIndia by Propstack the deal took place on March 29, this year.

The deal an assignment of lease concerns a land located in the jurisdiction of municipal corporation of Pimpri Chinchwad Municipal Corporation, within the Taluka Haveli, in Pune. It is the MIDC area and part of a larger land measuring 2.83 lakh sq mt.

While Microsoft Corporation Pvt Ltd is the other party which got the land on its name now, the other party is Finolex Industries Ltd.

A stamp duty of Rs 16.44 crore was paid for the registration of the assignment of lease of the Pune land.

Raja Seetharaman, Co-founder of Propstack, said, “Pune is ideal for setting up large campuses due to the availability of quality real estate affordable housing, and human resources. However, many corporates have preferred Bangalore, and recently Hyderabad for their expansions, this transaction could be the start of Pune emerging as a strong contender. I’m certain that we will have more such transactions over the next few quarters.”

Also Read: Amazon to pay Rs 1.4k Crore rent over 15 years for a data center in Thane

SHARE ON
TwitterWhatsappFacebookBufferLinkedInPin It
You May Also Like
Mumbai Co-op Court says societies can fix maintenance but must apply BMC property-tax concessions to eligible individual tenements.

6 Votes Not Enough! 6.67 Fraction Saves Chairman in Goregaon Redevelopment Fight

“In a dramatic turn, the Bombay High Court has ruled that 6 votes were not enough to remove the Chairperson of a Goregaon housing society because a newly appointed member’s voting right was denied — turning a 0.67 fraction into the decisive factor in a bitter redevelopment battle.”
MahaREAT has ruled that homebuyers who file civil suits first for possession and interest cannot later file RERA complaints for identical reliefs, dismissing RERA complaints as non-maintainable due to forum shopping.

“Fit-Out Possession” Declared Legally Invalid Without OC: MahaRERA Rules in Favor of Delayed Homebuyers

In a landmark MahaRERA ruling, “fit-out possession” without OC is deemed legally invalid, holding promoters liable for delays in a Vasai housing project. Homebuyers awarded interest from Dec 2018, deferred till OC, highlighting RERA’s balance between buyer relief and project viability.
Shutdown Impacts Renovation & Interior Work In City

Relief for homebuyers neither from Govt nor RERA

Relief measures announced by different government authorities have provided no immediate relief…
In a major relief for homebuyers, ITAT Mumbai has ruled that stamp duty valuation for tax purposes must be taken from the booking date—even if the allotment letter is unregistered—protecting buyers from unfair tax demands caused by builder delays.

MHADA to Hold Stakeholder Consultation on Draft ‘Maharashtra State Rental Housing Policy’ on November 19

MHADA is set to present the draft Maharashtra State Rental Housing Policy on November 19, inviting stakeholders to help shape a first-of-its-kind rental housing framework for the state.