Amit Paranjape, Director – Business Development, Paranjape Schemes (Construction) Limited

31 May 2026

• Bhugaon, located in Mulshi taluka under PMC jurisdiction, is witnessing increasing residential demand as infrastructure expansion strengthens Pune’s western growth corridor.
• Improved connectivity through Paud Road, the Mumbai–Pune Bypass and the proposed Missing Link project on the Mumbai–Pune Expressway is expected to enhance accessibility between Pune and Mumbai.
• Developers are increasingly focusing on integrated township projects in the micro-market, driven by demand for larger homes, green surroundings and lower-density living environments.
• Residential demand in Pune’s western suburbs has been supported by price appreciation, growing housing absorption and preference for lifestyle-led township developments.
• Large-format developments such as Paranjape Schemes’s Forest Trails township are contributing to Bhugaon’s emergence as a developing residential cluster in western Pune.Read more

31 May 2026

• A recent fire incident in a Pune housing society has renewed focus on fire safety preparedness and compliance across residential developments in Maharashtra.
• The Maharashtra Fire Prevention and Life Safety Measures Act, 2006 gives fire authorities extensive powers related to emergency access, firefighting operations and enforcement of safety infrastructure.
• The legislation also mandates administrative and financial mechanisms for maintaining fire brigades, emergency equipment and coordinated response systems across urban areas in the state.Read more

Pune News Desk

26 May 2026

• Kolte-Patil Developers reported a consolidated net loss of INR 38.08 crore for FY26 amid pressure on revenue and profitability.
• The Pune-based real estate developer witnessed a decline in financial performance despite continued activity across residential projects and ongoing launches.
• The company’s results reflect broader sector challenges linked to project execution timelines, cost pressures and changing market conditions across key housing markets.Read more

25 May 2026

• The Maharashtra government plans to set up an expert committee to accelerate Pune’s proposed underground road network project spanning nearly 54 km across the city.
• The proposed tunnel corridors are aimed at reducing traffic congestion, improving east-west connectivity and easing pressure on key arterial roads in Pune.
• Authorities are evaluating technical feasibility, alignment planning, funding models and integration with wider mobility and urban infrastructure projects across the city.Read more

Pune News Desk

19 May 2026

• Maharashtra cabinet has approved the transfer of 52,851 sq metres of government land to Pune Municipal Corporation (PMC) for the Mula-Mutha Riverfront Development Project.
• The transferred land parcels are located in Sangamwadi and Mundhwa and will help speed up pending riverfront development work.
• PMC is expected to save nearly INR 116.63 crore as the land will be handed over without occupancy and revenue charges.
• The riverfront project includes flood control, sewage treatment, river cleaning, public spaces, cycling tracks and green zone development across Pune riverbanks.
• The project has faced delays in the past due to land acquisition issues, environmental concerns and regulatory approvals.Read more

Pune News Desk

19 May 2026

• Nisus Finance Services has invested INR 90 crore in a residential project being developed by Realnet Ventures, a subsidiary of Paranjape Schemes, in Pune’s Hinjewadi Phase-I.
• The funding has been made through Nisus Finance’s Real Estate Special Opportunities Fund-I (RESO-I), a SEBI-registered alternative investment fund.
• The project is part of the Blue Ridge township and will include 188 premium 3BHK and 4BHK apartments spread across nearly 4.02 lakh sq ft of saleable area.
• The development is expected to have a gross development value of around INR 370 crore, supported by steady housing demand in Pune’s IT-driven residential market.Read more

17 May 2026

The Union government has approved infrastructure projects worth INR 1,290 crore for Pune, covering water supply augmentation in newly merged areas and flood mitigation works across the city. The approval was granted during the first apex committee meeting under the Urban Challenge Fund chaired by the Union Ministry of Housing and Urban Affairs. Of the total allocation, INR 890 crore has been sanctioned for a drinking water project covering 12 merged villages in the Khadakwasla-Nanded belt, while INR 400 crore has been earmarked for flood control measures at 335 flood-prone locations in Pune. The water project includes a 200 MLD treatment plant, transmission and distribution pipelines, and smart metering infrastructure intended to serve nearly 7.78 lakh residents until 2052. The projects come amid continued concerns over water quality, uneven civic infrastructure in merged areas, and recurring urban flooding during the monsoon season.Read more

16 May 2026

• The Pune Metropolitan Region Development Authority is expected to hand over implementation of the Mahalunge–Maan Town Planning Scheme to the Pune Municipal Corporation after nearly eight years of delays.
• The 250-hectare scheme, proposed in 2017 for the rapidly developing Hinjewadi corridor, has faced repeated administrative and jurisdiction-related hurdles following the merger of parts of the project area into PMC limits.
• Maharashtra’s urban development department recently approved the first variation of the preliminary town planning scheme, removing a key regulatory hurdle for implementation.
• The project proposes planned urban development including road infrastructure, sewage networks, open spaces, public amenities, and organised residential and commercial layouts.
• Officials stated that a formal government notification is awaited to finalise transfer of project execution responsibilities to PMC.Read more

16 May 2026

• The first phase of Pune Metro Line 3 connecting Hinjewadi and Shivajinagar is expected to begin operations by the end of June, subject to mandatory safety clearances.
• Around 12 stations on the 23.2-km elevated corridor are likely to become operational initially, while work on the remaining stations is targeted for completion later this year.
• The corridor is being developed by Pune IT City Metro Rail Limited under a public-private partnership model involving the Tata Group and Siemens.
• Officials stated that trial runs across the full route have already been completed and the project has achieved over 95 per cent physical progress.
• The metro line is expected to improve connectivity between Pune’s central business district and the Hinjewadi IT hub, where large-scale residential and commercial development has taken place in recent years.Read more

14 May 2026

The Pune district administration has started reclaiming government land leased on a long-term basis after identifying several violations during a large verification exercise across the district. Authorities found breaches in nearly 240 land parcels out of more than 2,100 leased properties that were reviewed. Violations included illegal construction, unauthorised land use changes, non-renewal of leases, sub-letting and occupation beyond approved limits. Orders to take back 15 plots have already been issued after hearings. The action follows increased scrutiny over government land transactions in Pune, including the Mundhwa and Tathawade land cases.Read more

10 May 2026

K Raheja Corp Homes has launched Raheja Vistas, a 7.5-acre low-density residential project in Baner Annex, West Pune, marking its entry into an emerging micro-market. The RERA-registered development will offer 2, 3 and 4 BHK units with private decks and is scheduled for completion by 2031. Around 75 per cent of the land has been allocated to open spaces, with over 40 amenities planned. The project is positioned within a larger township and incorporates sustainability features such as solar power, wastewater recycling and EV charging. The launch aligns with ongoing infrastructure investments in Pune, including metro expansion and proposed high-speed rail connectivity.Read more

01 May 2026

Pune Municipal Corporation has approved proposals for multiple new Metro routes aimed at improving connectivity across Pune’s peripheral areas. The approved corridors include stretches such as Khadakwasla–Donaje, Katraj–Khed Shivapur, Katraj–Undri, and Wagholi–Lonikand. These routes are intended to link emerging residential and peri-urban zones with the city’s core and future infrastructure networks, including the proposed ring road. The proposals will now be forwarded to Maha Metro for preparation of detailed project reports. The move comes amid rising demand for transport infrastructure in newly developing micro-markets and is expected to support urban expansion and mobility planning.Read more

27 Apr 2026

Construction has commenced on the elevated extension of Pune Metro’s Vanaz–Chandni Chowk corridor, marking progress on a key link aimed at improving connectivity to the city’s western entry points. The 1.5 km stretch will include two stations—Kothrud Depot and Chandni Chowk—and is part of the broader Phase II expansion. Initial works such as soil testing, surveys and viaduct extension have begun, with execution planned in phases to minimise traffic disruption. The project is expected to enhance access for residential areas such as Kothrud and Bavdhan, while integrating with existing road infrastructure. The development reflects ongoing efforts to expand metro reach in high-density and rapidly growing urban corridors.Read more

Pune News Desk

26 Apr 2026

The Pune Municipal Corporation (PMC) has proposed constructing a new bridge parallel to the existing Rajaram Bridge to address persistent traffic congestion on Sinhagad Road. The project is currently at the feasibility stage, with consultants to be appointed for design and cost assessment. The bridge is expected to be built on the Swargate-facing side and aims to improve connectivity between Sinhagad Road and Karvenagar. The proposal comes despite recent infrastructure additions, including flyovers and an upcoming river bridge, indicating continued capacity constraints along this high-density urban corridor.Read more

23 Apr 2026

The Indian Air Force has initiated a court of inquiry following a hard landing involving a Sukhoi-30MKI aircraft at Pune Airport, which temporarily disrupted flight operations. The incident, attributed to a possible technical issue in the aircraft’s undercarriage, led to runway blockage and forced authorities to suspend operations overnight. As a result, 12 incoming flights were diverted and 73 services cancelled. Operations resumed the following morning after clearance and safety inspections. Investigations are examining multiple factors, including technical faults and landing parameters. The development highlights operational sensitivities at dual-use airports, where military and civilian aviation share infrastructure, often amplifying the impact of such incidents on commercial air traffic.Read more

Pune News Desk

23 Apr 2026

Welspun Enterprises has leased over 4.5 lakh sq ft of office space in Hinjewadi, Pune, marking one of the largest commercial leasing transactions in the city in recent months. The space, located in a Grade A IT park, has been taken on a five-year lease with a total rental commitment exceeding INR 82 crore. The deal reflects sustained occupier demand in Pune’s western IT corridor, driven by expansion plans of domestic firms and continued traction from Global Capability Centres. Hinjewadi remains a key micro-market for large-format office transactions.Read more

23 Apr 2026

Maha Metro has made it mandatory to obtain a No Objection Certificate before starting any construction, excavation, or utility-related work within 20 metres of Pune Metro tunnels and viaducts. The decision has been taken after recent incidents of unauthorised digging that led to structural damage near metro infrastructure. The rule applies to builders, developers, housing societies, and government agencies. Activities such as borewell drilling, foundation work, and laying of utility lines are included. Authorities have warned of strict legal action and recovery of damages for violations.Read more

Pune News Desk

23 Apr 2026

Pune's metro expansion plans have received fresh proposals from corporators seeking better connectivity across emerging residential and industrial areas. Suggestions include extending the Vanaz Chandni Chowk line to Pirangut, developing a new Katraj Dehu Road corridor, and expanding the Yerawada route towards Vishrantwadi, Alandi Road and Lohegaon airport. These proposals were placed before the civic committee for review. The move builds on ongoing and previously approved metro expansions, reflecting growing demand for improved public transport in fast-developing peripheral areas of the city.Read more

20 Apr 2026

Ready Mix Concrete (RMC) manufacturers in Pune have collectively paused operations across nearly 300 plants, with the shutdown taking effect from midnight in the past week as part of a planned compliance and standardisation exercise. The sector, which supplies around 9 lakh cubic metres of concrete monthly and contributes an estimated INR 5,400 crore annually, stated that the move is not a strike but a structured initiative to upgrade safety, environmental and operational standards. The temporary halt is expected to impact construction activity across infrastructure and housing projects, with developers flagging potential delays and increased reliance on on-site concrete mixing. The industry has also reiterated the need for a unified regulatory framework and single-window clearances.Read more