Browsing Tag

pune real estate

26 posts
MahaRERA

How Many Real Estate Projects Has MahaRERA Suspended In Your District?

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 1,905 real estate projects across the state due to compliance and progress issues. Pune leads with 487 suspended projects, followed by Mumbai Suburban and Palghar. Additionally, 45 projects have voluntarily withdrawn their registrations, reflecting the ongoing challenges in Maharashtra’s real estate sector.
MahaRERA

MahaRERA Cracks Down on 11,000 Lapsed Housing Projects

MahaRERA has issued show cause notices to nearly 11,000 lapsed housing projects across Maharashtra, urging developers to submit Occupancy Certificates or seek deadline extensions within 30 days. Non-compliance could result in project suspension, restricted flat sales, and frozen bank accounts.
Suraj Estate Developers acquires a vacant land parcel at Senapati Bapat Marg, Mahim West

Rajiv Bajaj’s Rishabh Family Trust Acquires Land in Pune for Rs. 72 Crore

Rajiv Bajaj’s Rishabh Family Trust has acquired a 1.15-acre land parcel in Pune’s upscale Koregaon Park for Rs. 72 crore. The deal includes a bungalow and outhouse, and was registered in December 2024, showcasing the growing demand for high-end real estate in the region.
MahaRERA

MahaRERA Dismisses Broker’s Complaint for Brokerage Payment, Cites Lack of Legal Provision

MahaRERA has dismissed a real estate agent’s complaint against a builder over unpaid brokerage for a project, stating there is no provision under RERA to adjudicate such claims. The authority clarified that agents should rely on formal agreements for commission disputes.
Microsoft land acquisition Pune September 2024

Microsoft Buys 2nd Land Parcel for Rs 453 Crore in Pune

Microsoft has strengthened its presence in India by acquiring a 66,450 square meter land parcel in Pune’s Hinjewadi area for Rs. 453 crore. This marks Microsoft’s second major land purchase in Pune within the past month. The investment supports the company’s strategy to expand its commercial real estate and data center operations in India. Microsoft’s recent acquisitions align with its broader goal of increasing its footprint in the Indian market, following similar deals in Pimpri-Chinchwad and Hyderabad. Additionally, Microsoft’s ADVANTA(I)GE INDIA initiative aims to train 2 million people in AI and digital skills by 2025.