Latest Answer: Hi Anuskha,
The demolition campaign to clear 99 illegal buildings, which came up on MIDC and Cidco land, is remaining as residents of the buildings, who were given removal notices, are now obtaining stay orders from time to time. Out of those granted stays, 3 buildings were brought down by MIDC in October, providing over a 100 families homeless.
Latest Answer: But the demolition drive to clear 90 illegal buildings, which have come up on MIDC land, has still not started as residents of these buildings are obtaining stay orders from the court. Two of the buildings targeted by MIDC demolition team, Ambika Building and Moreshwar Apartment, have got stay till December 31, delaying the action.
Q:Two residents of Dighe, Navi Mumbai whose flats were demolished by MIDC last week, have registered an FIR against the builders at Rabale MIDC police station.
Latest Answer: Yes, the matter is posted for further hearing on October 21, seeking police's response in a case where the documents were fake. The bench told the undertaking given by flat-owners of Pandurang Apartments, one of the many illegal buildings, to vacate the building of own's one accord is unclear and asked them to file a proper one.
Latest Answer: Hi Rakshit and Abhishek,
It will not only solve the housing shortage but at the same time, it will increasing the standards of living by giving proper homes and subsidised interest rates to EWS and LIG groups will not only aid in fulfilment of their social needs but also help everybody associated with the real estate sector. We are happy with this decision and welcome it wholeheartedly.
Q:Approximately 25% of buyers in Pune are pure investors, they purchase properties only for the purpose of benefiting from rental income and capital appreciation.
Latest Answer: The tertiary or services sector, which includes but is not limited to IT/ITeS, BPO, KPO, banking and retail services, accounts for roughly 55%. The services sector, particularly the IT/ITeS segment, drives the demand for homes in the more developed urban areas. These homes come to be in the price bracket of Rs. 50 lakh to 1.5 crore, and around 65% of the housing projects in Pune are currently targeted at this sector.
Latest Answer: Shastri Nagar in West Pune and Kalyani Nagar in East are already established luxury markets with good gross rental yield. However, due to less gap between the rental and sale prices these two localities are among the top markets here.