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Forty-nine micro, small and medium enterprises have proposed investments of INR 2,320.97 crore in Maharashtra's Chakan-Bhosari industrial belt in Pune district, according to Chief Minister Devendra Fadnavis. The investments, formalised through memoranda of understanding, are expected to increase production capacity and create thousands of jobs. The state government will also conduct an MSME census to assess the number, nature, employment, production capacity and requirements of such units. The announcement comes amid Opposition allegations about industries leaving Chakan because of traffic congestion and infrastructure issues, which the state government has rejected.Read more

29 Aug 2026

The Pune Municipal Corporation (PMC) is facing property tax arrears of around INR 2,500 crore from 32 merged areas, putting pressure on its finances and ability to fund civic infrastructure. The outstanding amount comprises INR 1,650 crore in principal tax and INR 850 crore in interest. Of around 4.40 lakh properties in these areas, only about 1.10 lakh owners have paid their dues. Residents have resisted payments citing inadequate civic services, while the PMC continues to seek a resolution to improve collections and strengthen its revenue position.Read more

29 Aug 2026

The Pune Cantonment Board is seeking approval to commercially utilise a 5.43-acre defence land parcel in Koregaon Park to strengthen its finances. The land, classified as ‘C’ land and managed by the board, has remained unused for decades. The board has approached the Principal Directorate of Defence Estates, Southern Command, for statutory sanction to explore commercial use. The proposal comes as the board faces a monthly funding gap, with expenses of at least INR 12 crore against revenue of about INR 2 crore, increasing its dependence on central government aid.Read more

29 Aug 2026

IT services company HCLTech and German chemicals and biotechnology firm Wacker Chemie AG have established a Global Capability Centre (GCC) in Pune. The centre will support Wacker’s engineering, IT and digital transformation initiatives and is intended to provide a flexible and resilient delivery platform. The GCC expands the companies’ existing strategic partnership, with HCLTech bringing its expertise in DevSecOps and automation to help build a high-performing team, strengthen governance and support Wacker’s digital modernisation efforts. Wacker operates 27 production sites globally and reported annual sales of around 5.5 billion euros in 2025.Read more

28 Aug 2026

Krisala Developers has proposed a Swaminarayan Temple spread across approximately 1.5 acres next to its Land of Dreams township in Pune’s Vadgaon-Lonavala Growth Corridor. The proposed religious and cultural facility is expected to add to the social infrastructure of the rapidly developing residential belt. The temple is currently in the planning and development stage, with its construction schedule yet to be confirmed by the temple trust. Once completed, the facility is expected to host religious observances, cultural programmes and community events, adding another community-oriented destination to the emerging residential micro-market.Read more

28 Aug 2026

The first operational stretch of Pune Metro Line 3, connecting Hinjawadi with Balewadi, is likely to be inaugurated by Prime Minister Shri Narendra Modi before the end of September, according to officials from the Pune Metropolitan Region Development Authority (PMRDA). Maharashtra Deputy Chief Minister Shri Devendra Fadnavis has invited the Prime Minister to Pune for the launch. The 13-km Maan-R K Laxman Museum section, covering 12 stations, received provisional safety authorisation from the Commissioner of Metro Rail Safety on July 23 and is awaiting a formal inauguration date.Read more

27 Aug 2026

Supreme Universal will invest around INR1,500 crore to develop Supreme Rivana, a residential project in Punawale, Pune, with a development potential of over 3 million sq ft. The 12.6-acre project, being developed under a joint development agreement (JDA) with a landowner, will comprise more than 2,200 apartments across multiple phases. The project will offer 2BHK, 3BHK and 4BHK homes, targeting the mid-to-premium housing segment in West Pune, with the investment covering construction costs.Read more

Pune News Desk

26 Aug 2026

Pune's registration department has urged landlords and tenants to complete registration of rent agreements, warning that non-compliance with applicable requirements could lead to police action. The advisory follows an intensified verification drive in the city, during which authorities have reportedly taken action against landlords who failed to maintain properly registered agreements. Officials have stressed that registration provides a formal record of the tenancy and helps authorities verify occupants. The move is also intended to improve tenant identification and strengthen documentation around residential properties, particularly amid increased scrutiny of rental arrangements across Pune.Read more

Pune News Desk

25 Aug 2026

State Bank of India (SBI) has acquired a commercial property at Kharadi Knowledge Park in Pune for INR 414 crore, comprising leasehold rights over an 8,581 sq m land parcel and outright ownership of a 15-storey commercial building. The property, acquired from Siddhivinayak Enterprises, includes around 1.84 lakh sq ft of built-up space and 200 car parking spaces. The transaction was registered on 14 August 2026 through a deed of assignment and attracted INR 28.98 crore in stamp duty. The acquisition is intended to provide premises for SBI’s Local Head Office for its Maharashtra Circle. The bank had invited bids in 2023 for ready-built premises in Kharadi, Viman Nagar or Baner for this purpose.Read more

Pune News Desk

24 Aug 2026

Pune’s worsening traffic congestion is being linked to rapid urban expansion, rising vehicle ownership and infrastructure that has not kept pace with growth. The city’s built-up area has expanded by about 330% since 1990, while around 1,300 new vehicles are added each day. Traffic authorities have identified 65 congested junctions, with several operating beyond their capacity. Pune’s public transport network has also struggled to match the city’s expansion, while multiple committees and mobility plans have produced limited relief. Authorities are now examining measures including flyovers, junction improvements and efforts to raise average traffic speeds.Read more

20 Aug 2026

The Big Assets (TBA), an upcoming real estate platform, is preparing for its official launch in December 2026 with a digital ecosystem covering property discovery, project listings, enquiries and accommodation. The Pune-based platform is being developed for builders, developers, property owners, buyers, tenants and hospitality providers. Its Stay by TBA offering will include hotels, villas, resorts, PGs, flats and hostels, with options for hourly, overnight and daily stays. The company began its public awareness campaign on August 15, ahead of the planned launch, as it seeks to bring property and accommodation requirements onto one platform.Read more

20 Aug 2026

Pune’s expanding Metro network and the proposed High Capacity Mass Transit Route (HCMTR) are being planned together at more than 20 points where the two elevated transport corridors will intersect. Under the proposed arrangement, the Metro viaduct will pass above the HCMTR road, allowing both systems to operate without requiring one corridor to be diverted. The coordination is part of efforts to integrate Pune’s major public transport and road infrastructure projects. The HCMTR, planned as an elevated six-lane corridor, is expected to improve citywide connectivity and reduce traffic congestion.Read more

18 Aug 2026

Smartworks Coworking Spaces Ltd is adding 176,285 square feet of coworking capacity in Pune with an investment of INR 280 million. The addition is expected to further increase the company’s operational footprint in the city as demand for flexible and managed office space continues to grow. Smartworks had about 10.4 million square feet of operational space across 54 centres in 15 cities at the end of June, while its total footprint stood at around 16.9 million square feet. The company has also recently expanded its Pune operations through new enterprise client engagements.Read more

17 Aug 2026

The reconstruction of Pune’s Sadhu Vaswani Bridge is expected to be completed by December 2026, with work progressing on the replacement structure after the old bridge was dismantled. The project is aimed at restoring an important road link in the central part of the city and improving traffic movement across the railway corridor. The revised completion target will depend on the pace of construction and coordination among the agencies involved. Once opened, the reconstructed bridge is expected to provide improved connectivity for motorists and pedestrians using the busy corridor.Read more

16 Aug 2026

TCG Real Estate, part of The Chatterjee Group, has entered India’s premium managed-living segment with Yukio, a brand focused on young professionals. The company has expanded Yukio to more than 1,000 beds across two properties in Pune, namely Yukio Jobs and Yukio Gates, within a year of launch. The fully furnished residences combine professionally managed accommodation with housekeeping, laundry, meals, wellness facilities, community activities and technology-enabled resident services. The offering includes amenities such as a game lounge, gym, yoga deck and basketball ground, along with Yukio’s Growth Lab for workshops and networking. Following its expansion in Pune, TCG plans to enter other metropolitan markets and add another 1,500 beds over the next year, citing growing demand for professionally managed urban accommodation.Read more

14 Aug 2026

The Pune Municipal Corporation (PMC) has directed officials to expedite pending road works around the Kharadi-Keshavnagar bridge and make the facility available to traffic by August 15. The bridge is expected to improve connectivity between Kharadi and Keshavnagar and provide an additional crossing for traffic in the rapidly developing eastern part of Pune. PMC officials have reviewed the remaining works and instructed agencies to complete them within the stipulated timeframe. The planned opening is aimed at easing traffic movement and improving connectivity for residents and commuters using the corridor.Read more

13 Aug 2026

DBS Bank India has extended a credit facility of INR 520 crore to real estate developer K Raheja Corp for the development of approximately 1.1 million sq. ft. of office space in Balewadi, Pune. The financing will support the development of a commercial tower in the western Pune office market. Separately, private credit-focused investment firm Certus Capital said it committed more than INR 1,000 crore during the first six months of 2026 across residential, commercial and mixed-use real estate opportunities. More than a quarter of Certus Capital’s commitments were in Hyderabad, while Mumbai and Chennai each accounted for 19% and the National Capital Region represented 37%. In another development, CHRIST University announced an IBM innovation centre focused on artificial intelligence.Read more

10 Aug 2026

The Pune Municipal Corporation (PMC) has urged prospective homebuyers to verify all statutory approvals before purchasing properties in the city's newly merged villages, warning against illegal constructions lacking development permissions. The advisory comes amid a rise in unauthorised residential projects in the 23 villages merged into PMC limits, where several buildings have been constructed without mandatory civic approvals.PMC said buyers who purchase such properties may face legal, financial and civic service-related challenges, as unauthorised structures are not eligible for regular municipal permissions or essential services.The civic body has intensified enforcement against illegal developments and advised citizens to verify sanctioned building plans and approvals with the municipal authorities before completing any transaction.Read more

07 Aug 2026

Deshpande Landmark Private Limited Managing Director Yogesh Ambadas Deshpande has been honoured with the Landmark Award 2026 for his contribution to Pune's premium residential and redevelopment sector. The recognition acknowledges the company's work in luxury housing, transparent business practices, quality construction and timely project delivery. Presented at an event organised by the Lokmat Group in association with Bank of Maharashtra, the award also reflects the company's focus on customer trust, redevelopment, modern housing and long-term community development. Established in 2005, Deshpande Landmark has built a presence in Pune's premium housing market.Read more

06 Aug 2026

The Pune Municipal Corporation (PMC) has initiated the process to revive the long-pending High Capacity Mass Transit Route (HCMTR) project by inviting bids to appoint consultants for technical work and land acquisition. The move comes after directions from the Maharashtra government to fast-track the project, which has been delayed for over a decade due to land acquisition, environmental clearances and changes in the city's transport network. The revised 43-km elevated corridor is expected to improve connectivity across Pune, with the civic body aiming to issue construction tenders by October after completing the preparatory work.Read more