SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Pune

Pune court cancels sale deed in controversial Mundhwa land case

8 hours ago

• A civil court in Pune has ordered the cancellation of a sale deed executed in the controversial Mundhwa land transaction involving Amadea Enterprises LLP, a firm in which NCP MP Parth Pawar is a partner.
• The order was passed by Joint Civil Judge N R Gajbhiye in a civil suit filed by Sheetal Tejwani, acting as the power-of-attorney holder of the original landowners.
• Tejwani, who is also an accused in the ongoing criminal investigation related to the land deal, sought cancellation of the sale deed, contending that the transaction was invalid.
• The civil court's decision pertains to the validity of the sale deed and is separate from the criminal proceedings, which continue to be investigated by the authorities.
Read more

cover photo

PMC issues notice to Bavdhan housing society over missing stormwater drains amid flooding concerns

Pune News Desk

13 Jul 2026

The Pune Municipal Corporation (PMC) has issued a notice to a housing society in Bavdhan after inspections found the absence of a planned stormwater drainage system, following complaints of severe waterlogging during heavy rainfall. Residents alleged that the developer failed to construct the required drainage infrastructure, resulting in recurring flooding outside the society. PMC has directed the society and developer to respond while examining responsibility for the missing infrastructure and measures needed to prevent future monsoon-related flooding.Read more

cover photo

PMRDA to prepare 20-year structural plan with 18 growth centres across Pune region

10 Jul 2026

The Pune Metropolitan Region Development Authority (PMRDA) will prepare a structural development plan to guide the Pune Metropolitan Region's growth over the next two decades, with a focus on infrastructure, transport and decentralised economic development. Speaking at the PROP CONNECT 2026 real estate conference in the past week, PMRDA Commissioner Dr Abhijit Chaudhari said the draft plan would be prepared shortly and finalised within 18 months. The proposed roadmap includes the development of 18 Growth Centres under initiatives of NITI Aayog and the Maharashtra government, alongside major transport projects such as Metro Line 3, the regional ring road and the proposed international airport. PMRDA said the strategy will initially prioritise infrastructure planning before land-use zoning, while supporting balanced urban expansion, employment generation and improved regional connectivity.Read more

cover photo

Shapoorji Pallonji Real Estate launches 25-acre residential project in Hinjawadi, Pune

07 Jul 2026

Shapoorji Pallonji Real Estate (SPRE) has launched Vyomora, a 25-acre residential development in Hinjawadi, Pune, marking its third housing project in the micro-market. The first phase comprises 720 apartments across five residential towers, offering two, three and three-bedroom duplex homes with prices starting from INR 84.99 lakh (all-inclusive). Located in Pune's IT corridor, the project is positioned close to major technology campuses and is expected to benefit from existing and planned transport infrastructure, including Metro Line 3 and the proposed Ring Road. The development forms part of SPRE's continued expansion in western Pune, where it is focusing on integrated residential communities.Read more

cover photo

Mumbai-bound carriageway on Mumbai–Pune Expressway Missing Link reopens after landslide closure

07 Jul 2026

Traffic on the Mumbai-bound carriageway of the Mumbai–Pune Expressway's Missing Link bypass resumed late on Monday after remaining closed for more than 18 hours due to a landslide triggered by heavy rainfall. The Maharashtra State Road Development Corporation (MSRDC) reopened two lanes following detailed safety inspections near Tunnel 2, while one lane remained closed because of continued water flow from the hillside above. The landslide damaged a protective drainage structure but did not affect the structural integrity of the tunnel. During the closure, traffic was diverted through the Lonavala ghat section, contributing to severe congestion on the expressway. Authorities restored movement only after debris removal and engineering assessments confirmed the route was safe.Read more

cover photo

D S Kulkarni Developers to consider full acquisition of Moonbrick Realty

07 Jul 2026

D S Kulkarni Developers Ltd has announced that its board will consider acquiring a 100% equity stake in Pune-based Moonbrick Realty Private Limited at its upcoming board meeting. Alongside the proposed acquisition, the company will also consider appointing a new Company Secretary and Compliance Officer. The proposed transaction marks a potential step in expanding the developer's business through an inorganic growth strategy. However, the company has not yet disclosed the financial terms, valuation, or timeline for completing the acquisition.Read more

cover photo

Wakad Metro Station gets a 60-metre foot overbridge to improve commuter safety

Pune News Desk

06 Jul 2026

• Pune IT City Metro Rail Corporation (PITCMRL) has completed a 60-metre-long foot overbridge (FOB) at Wakad Metro Station on Metro Line 3 to improve pedestrian safety and last-mile connectivity across the • Mumbai–Bengaluru Highway.
• The bridge provides a safe crossing for both metro commuters and the general public, reducing dependence on busy road crossings and improving access to Wakad Chowk.
• Installed during carefully planned late-night operations, the structure is part of preparations for the commercial launch of Pune Metro Line 3 and the development of Wakad as a multimodal transit hub.
• The project is expected to strengthen integration between metro services, buses, taxis and other last-mile transport options while enhancing commuter convenience in one of Pune's busiest transport corridors.
Read more

cover photo

Jamco Plans USD 150 Million Investment to Expand India Operations

Pune News Desk

26 Jun 2026

Japan-based Jamco Interiors plans to invest USD 150 million in India to expand its engineering and supply chain operations, with Pune set to emerge as a key global aerospace design hub. The company has inaugurated a Centre of Excellence in Pune to strengthen capabilities in design, certification and product development. The investment will support global aviation programmes, enhance local sourcing and create skilled jobs, reflecting the growing role of India in the international aerospace manufacturing and engineering ecosystem.Read more

cover photo

Pune takes control of development in 23 merged villages as PMC clears fresh master plan

Pune News Desk

25 Jun 2026

• Pune Municipal Corporation (PMC) has approved the process to prepare a new Development Plan (DP) for 23 villages merged into the city limits.
• The move follows the Maharashtra government's decision to appoint PMC as the sole planning authority for these areas, replacing the earlier dual-authority system.
• The fresh plan will focus on road networks, public amenities, infrastructure, land use, and future urban development.
• Residents of the merged villages have long sought a structured planning framework to address civic and infrastructure gaps.
• The proposed DP is expected to provide greater clarity on development permissions and support planned growth in Pune's expanding suburbs.
Read more

cover photo

These 10 Pune Localities Could Soon Become The City's Most Luxury Addresses

24 Jun 2026

Pune's luxury housing market is rapidly expanding beyond its traditional hotspots, with several emerging micro-markets attracting affluent homebuyers and investors. Driven by infrastructure upgrades, improved connectivity, premium residential launches and growing demand from high-income professionals, these neighbourhoods are redefining luxury living in the city. From riverfront developments and golf-course communities to upscale residential corridors near IT hubs, these locations are becoming the preferred destinations for luxury homebuyers seeking space, exclusivity and long-term appreciation potential.Read more

cover photo

PMRDA has been asked to fast-track its structure plan to revive stalled development approvals

Pune News Desk

22 Jun 2026

• Maharashtra's Urban Development Department has directed PMRDA to prepare and implement its structure plan within the next 12–18 months.
• The move is aimed at resolving delays in development permissions that emerged after the earlier Development Plan process was scrapped.
• The proposed structure plan will provide a framework for land use, infrastructure planning and future growth across the Pune Metropolitan Region.
• Authorities expect the exercise to unlock pending approvals, improve planning certainty and support long-term urban expansion in the rapidly growing region.
Read more

cover photo

Pune moves closer to ‘One Journey, One Ticket’ as metro and PMPML plan integrated commute system

Pune News Desk

19 Jun 2026

Pune’s public transport network could soon become more seamless as Maha Metro and PMPML explore a unified ticketing system that would allow passengers to travel across Metro and bus services using a single ticket. The proposal is aimed at improving last-mile connectivity, simplifying transfers and encouraging greater use of public transport. Building on existing feeder bus initiatives and integrated mobility efforts, the plan seeks to create a smoother travel experience while strengthening coordination between the city’s key transit networks.Read more

cover photo

Pune builder booked for alleged INR 50 crore fraud involving over 150 flat and shop buyers

Pune News Desk

19 Jun 2026

• Pune Police have registered a case against a city-based builder over allegations of cheating more than 150 flat and shop buyers.
• Complainants claim the project remained incomplete despite substantial payments made over several years.
• The alleged fraud amount is estimated at nearly INR 50 crore, raising concerns over homebuyer protection and project delays.
• Buyers have accused the developer of failing to deliver possession while continuing to make assurances regarding project completion.
Read more

cover photo

Siemens wins propulsion systems contract for Pune Metro expansion project

18 Jun 2026

Siemens Ltd has secured a supply order from Titagarh Rail Systems to provide advanced propulsion systems and Train Control and Monitoring Systems (TCMS) for the Pune Metro Rail project extension. The contract covers the design, manufacture, supply and warranty of traction converters, auxiliary converters, traction motors and TCMS for 12 trainsets. While the financial value of the order was not disclosed, the collaboration is expected to support localisation and strengthen India's urban mobility manufacturing ecosystem.Read more

cover photo

Interior My Room expands Pune footprint with new Kharadi studio

14 Jun 2026

Interior My Room by Rawat has launched its third studio in Kharadi, Pune, expanding its retail and customer engagement network in one of the city’s key residential and commercial corridors. The company, which specialises in customised furniture and interior solutions, has delivered more than 10,000 modular kitchens and over 1 crore sq ft of furniture since its inception. The new studio complements its existing facilities in Bavdhan and on the Pune–Bengaluru Highway, where it also operates a 1 lakh sq ft manufacturing unit. The expansion comes as demand for customised interiors and modular furniture continues to grow across residential developments in Pune and other urban markets.Read more

cover photo

Pune unveils USD 500 million AI roadmap as SHAKTI Summit spotlights indigenous defence technologies

13 Jun 2026

A USD 500 million artificial intelligence roadmap for Pune was unveiled at SHAKTI Summit 2026, organised by the Hindu Economic Forum (HEF) Pune District Chapter at the Pune International Centre. The initiative seeks to position Pune as a global hub for applied AI through investments in computing infrastructure, talent development and industry-focused solutions. The summit also showcased ISACA, an indigenous autonomous surface craft developed for defence, naval and rescue applications. Attended by Maharashtra Governor Jishnu Dev Varma, the event focused on strategic sectors including defence, aerospace, artificial intelligence, technology, infrastructure and venture capital, while outlining plans to strengthen domestic innovation, industrial growth and technological self-reliance.Read more

cover photo

Krisala and Hiranandani Township plant 1,045 trees in a minute at Pune township

13 Jun 2026

Krisala Developers and Hiranandani Communities planted 1,045 trees in one minute at their integrated township in North Hinjawadi, Pune, as part of the NAREDCO Pune Urban Forest Initiative on World Environment Day. The plantation drive brought together more than 1,000 participants, including government officials, industry leaders, developers, environmental advocates and residents. The initiative aims to strengthen the township’s ecological infrastructure and enhance urban green cover. In collaboration with TERI, the developers have also established a framework to monitor environmental indicators such as carbon sequestration, biodiversity, air quality and thermal comfort, enabling the long-term assessment of the project's sustainability impact.Read more

cover photo

Demolition looms for 20 Pune bungalows built within Indrayani flood line

11 Jun 2026

Twenty bungalows in Pune’s Moi Phata area are facing demolition after a committee appointed by the National Green Tribunal (NGT) found that the structures were built within the blue flood line of the Indrayani River. The panel's findings have intensified scrutiny of unauthorised construction in flood-prone zones across the Pune metropolitan region. The proposed action follows a series of enforcement measures undertaken in recent months against similar developments along the river corridor. Authorities are reviewing the committee’s report and legal procedures before initiating demolition, with the case highlighting growing regulatory focus on environmental compliance, floodplain protection and illegal construction activity in ecologically sensitive areas.Read more

cover photo

Two workers die in gas leak during maintenance work at Schaeffler’s Pune plant

11 Jun 2026

Two contract workers lost their lives and another was hospitalised after a carbon dioxide (CO2) gas leak occurred during the annual maintenance of fire extinguishers at Schaeffler India Ltd’s manufacturing facility in Talegaon MIDC, Pune district, on June 10. The incident took place while personnel from a private contractor were servicing fire extinguishers at the plant. Three contractor employees and two company staff members were involved in the maintenance activity when gas leaked from a fire extinguisher cylinder. Police have registered an Accidental Death Report (ADR) and launched an investigation into the circumstances surrounding the incident. Schaeffler India operates the Talegaon facility, which manufactures a range of automotive components and bearing products.Read more

cover photo

Pune issues evacuation notices to residents of 36 dangerous wadas before monsoon

07 Jun 2026

• Pune Municipal Corporation (PMC) has asked occupants of 36 unsafe wadas and old buildings to vacate the premises ahead of the monsoon.
• The structures were identified as dangerous during the civic body's pre-monsoon structural audit across the city.
• Raviwar Peth has the highest number of unsafe properties, followed by Ghorpadi Peth, Shukrawar Peth and Bhavani Peth.
• PMC has warned residents against staying in the buildings and directed owners to undertake repairs or demolition where necessary.
• The move comes amid continuing concerns over ageing structures, redevelopment delays and safety risks in Pune's old city areas.
Read more

cover photo