Pune

Pune sees 11% drop in property registration during Nov: Knight Frank

Registration of properties in Pune fell 11 per cent year-on-year in November to 13,371 units despite strong demand, according to Knight Frank India. In a statement on Saturday, real estate consultant Knight Frank India said Pune recorded 13,371 property registrations in November 2024, generating Rs 475 crore in revenue for the state exchequer. As many as 14,988 units were registered in November last year. Registration of properties fell 36 per cent in November compared to 20,894 units in October this year. Knight Frank India Chairman and Managing Director Shishir Baijal said, "Pune's property market continues to exhibit steady registrations, adapting to evolving buyer preferences and market conditions". Commenting on the data, Rohit Gera, Managing Director of Pune-based Gera Developments, said the registrations in November typically result from sales made in September. "There has been a marginal slowdown in sales as a result of increased prices as well as increased sizes of homes

Office space in Pune's Koregaon Park leased for Rs 1.2 crore monthly rent

The Indian arm of US-based CA Technologies has renewed its lease for a 1.08 lakh sq ft commercial space in Pune's Kharadi area for an annual rent of over Rs 12 crore

Rajiv Bajaj's Rishabh Family Trust buys land in Koregaon Park for Rs 72 cr

The purchase includes a 4,667.30-square-meter (approximately 1.15 acres) plot, along with a bungalow and an outhouse situated on the property, according to Square Yards

Rs 200 cr of homebuyer's compensation recovered from realtors: MahaRERA

The Maharashtra Real Estate Regulatory Authority (MahaRERA) on Monday said it has recovered over Rs 200 crore from developers to compensate homebuyers for their losses. The authority also outlined plans to further intensify its recovery efforts. The real estate watchdog said it has issued 1,163 warrants for recovering Rs 705.62 crore across the state and has made developers cough up Rs 200.23 crore from 283 warrants involving 139 real estate projects, as per an official statement. Over Rs 378 crore of the recoveries are due from Mumbai suburban and Pune alone, the statement said, adding that specific efforts are being undertaken to expedite the same like appointing retired Tahsildars (revenue officials) in the offices of the district collectorates in Mumbai suburban and Pune. Of the Rs 200 crore in recoveries, Mumbai city contributed Rs 46.47 crore in recoveries involving 22 warrants in 13 projects, Rs 76.33 crore came from 85 warrants in 42 projects in Mumbai suburban and Rs 39.10

Bombay HC temporarily restrains Pune eatery from using 'Burger King' name

The Bombay High Court on Monday in an interim order restrained a Pune-based eatery from using the name 'Burger King' until a trademark infringement plea by the US giant Burger King Corporation is heard and disposed of. The company in August filed an appeal in the high court, challenging an order passed by a Pune court the same month dismissing its suit alleging trademark infringement against the namesake eatery. The Burger King Corporation had also filed an application in the HC, seeking an interim injunction against the Pune eatery owners -Anahita Irani and Shapoor Irani - from using the name 'Burger King' pending hearing and final disposal of its appeal. The HC in August extended the ad-interim order granted by the Pune court in January 2012 restraining the eatery from using the name 'Burger King'. The HC had then started hearing the company's interim application seeking interim injunction against the Pune-based eatery pending final hearing of its appeal. A division bench of ...

Chennai-based real estate firm DRA to expand footprint to Pune, Bengaluru

DRA is expecting its revenue to touch Rs 500 crore this financial year and has set a target of Rs 1,000 crore by 2026-27

TransUnion's GCC India expands in Pune to accommodate growing capabilities

India's Global Capability Centres (GCCs) projected to become a $100 billion industry by 2030, employing over 2.5 million professionals

Adani Energy Solutions to acquire 100% stake in Pune- III Transmission

Adani Energy Solutions Ltd (AESL) on Wednesday said it has signed a pact with PFC Consulting Ltd for acquisition of a project special purpose vehicle - Pune- III Transmission Ltd. The Pune- III Transmission Limited (PTL) projects include the establishment of new 2x1500 MVA, 765/400 kV and 3x500 MVA, 400/220 kV Pune-III substations and setting up of 816 ckm transmission line, according to a regulatory filing. AESL has "executed a Share Purchase Agreement (SPA) with PFC Consulting Limited for acquiring 100 per cent equity shares of Pune- III Transmission Limited," the filing said. Under this pact, PTL will aim to implement evacuation of 7 GW of renewable energy from Khavda RE Park (Gujarat), under the Phase IV Part D package. The acquisition is proposed to further AESL's strategy of enhancing value for its shareholders through organic and inorganic opportunities. On acquisition cost, AESL said the equity shares will be acquired at a face value of Rs 10 each.

Power and Pawars: Behind coin-toss electoral showdown in sugarland

Pune's sugar mills shape local politics and elections; a number of prominent candidates in the region are tied to such factories. Prachi Pisal reports from the ground

Inside the Rs 8,000 cr GST fraud: 246 fake companies and a mastermind

Pune police have unveiled a staggering Rs 8,000 crore GST scam involving 246 fake companies across 13 states, with alleged mastermind Asraf Kalawadiya at the centre

Five labourers killed, 5 injured as water tank collapses in Pune, 1 booked

Five labourers were killed and five others suffered injuries after a makeshift water tank collapsed at a labour camp in Maharashtra's Pune district on Thursday morning, police said. The incident took place in Bhosari area of Pimpri Chinchwad township when some labourers were taking bath under the water tank at around 6:15am, they said. "It seems a wall of the tank exploded due to the water pressure, leading to its collapse. The labourers who were below the water tank got trapped under the debris," Pimpri Chinchwad Additional Commissioner of Police Vasant Pardeshi said. "Three of them died on the spot while two others succumbed to injuries in a hospital. Five others sustained injuries and are undergoing treatment," another official said. "We have registered an offence under relevant sections of Bharatiya Nyaya Sanhita against one Kumar Lomte. The construction of the water tank was of sub-standard quality. The accused did shoddy work while building it," a Bhosari police station ...

Mastercard opens new Tech Hub in Pune to drive growth and innovation

The new Pune Tech Hub augments Mastercard's growing presence in India, which spans offices in Gurugram, Mumbai, Hyderabad, Bengaluru, and Vadodara

Baba Siddique murder plot hatched in Pune; 'shooters were given his photo'

The conspiracy to kill NCP leader and former Maharashtra minister Baba Siddique was hatched in Pune and shooters were provided with a photo and a flex banner for the target identification, police said on Monday. Mumbai crime branch probing the sensational murder of the 66-year-old politician exposed the alleged role of Pune-based Pravin Lonkar and his brother Shubham Lonkar in the plot. "The motive behind the killing will be ascertained once the wanted accused are arrested," a police official said. Police have identified the Lonkar brothers as the key figures in the crime. The duo allegedly financed the shooters, coordinated logistics, and orchestrated meetings leading up to the attack. Pravin worked at a dairy owned by Shubham, where they recruited shooters Shivkumar Gautam and Dharmaraj Kashyap, who had connections to a nearby scrap shop. The conspiracy took shape over several meetings, with promises of substantial payment upon successful execution of the plan. The shooters rece

Police arrest Pravin Lonkar in Baba Siddique murder case, accused on run

Shubuu Lonkar is absconding at the moment. Police say, Pravin Lonkar gave shelter to both the arrested accused in Pune

SC grants interim bail to former chairman of Pune Cooperative bank

The Supreme Court on Monday granted interim bail on medical grounds to former chairman of a Pune-based cooperative bank in a case linked to alleged fraud and misappropriation of funds of the lender worth Rs 429 crore. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra gave relief to Amar Sadhuram Mulchandani, the ex-chairman of the Seva Vikas Cooperative Bank, after taking note of his medical condition. The top court perused a report filed by a board of four expert doctors of the J J Hospital, Mumbai. It also took into account that Mulchandani has been inside jail for over an year. The money laundering probe against Mulchandani, who was arrested on July 1 last year, and others stems from multiple FIRs registered by the Pune Police on the basis of complaints of the bank and the audit conducted by the Registrar of Cooperative Societies which pointed to large-scale fraud and misappropriation of public funds causing a loss of Rs 429 crore to the Seva Vi

Siddique murder case: 'Co-conspirator' held from Pune; 3rd arrest so far

The Mumbai police have arrested a 28-year-old man from Pune who along with his brother enlisted two of the three alleged shooters in the Baba Siddique murder case, an official said on Sunday. Police called the man, Pravin Lonkar, a co-conspirator and said they are on the lookout for his brother Shubham Lonkar. This is the third arrest in the case. According to the crime branch official, Pravin and Shubham enlisted two alleged shooters, a UP resident and Shivkumar Gautam. While Gautam is on the run, police have arrested the UP resident and another alleged shooter, identified as Gurmail Baljit Singh (23). The official said police went to Pune looking for Shubham Lonkar but did not find him there. They then nabbed his brother Pravin for his alleged involvement in the crime, he said. NCP leader Siddique (66) was waylaid by three persons at Kher Nagar in Mumbai's Bandra area just outside his MLA son Zeeshan Siddique's office and shot at on Saturday night. He was rushed to the Lilavati

Pune hit-and-run: Food delivery man killed after Audi hits two-wheeler

A food delivery man was killed after an Audi car driven by an allegedly drunk senior executive of a private firm hit his two-wheeler in Pune in the early hours of Friday, police said. The luxury car's driver Ayush Tayal (34) fled from the spot after the accident near Tadigutta in the city's Mundhwa area and was arrested later with the help off CCTV footage, an official said. "The incident took place at Koregaon Park, Mumdhwa road near Poonawala Fincorp around 1.30 am on Friday. Tayal's car first hit a couple of two wheelers, causing minor injuries to riders, just 100 metres away from the spot where food delivery person Rauf Akbar Shaikh's motorcycle was hit and he sustained injuries," said Manoj Patil, Additional Commissioner of Police (North Region). Shaikh later succumbed to his injuries, the official added. The accused fled the scene but was later held from his home after CCTV footage was checked to identify the car. He was tracked down with the help of the vehicle's details," .

30 students fall ill after suspected food poisoning in Maharashtra's Pune

After eating the sandwiches, some students began vomiting and fell ill, all hospitalized students are in stable condition and are out of danger, Deputy Commissioner of Police (DCP) Shivaji Pawar said

Garba performer Ashok Mali dies of heart attack in Pune while performing

The local community is in grief as Ashok Mali, a 50-year-old garba trainer from Pune, Maharashtra, passed away from a heart attack while performing at a garba event in Chakan

Pune court summons Rahul Gandhi on October 23 in Savarkar defamation case

A special court in Pune has summoned Rahul Gandhi in a criminal defamation case filed by the grandnephew of Vinayak Damodar Savarkar, accusing the Congress leader of making objectionable remarks against the Hindutva ideologue. The court issued the summons to Gandhi on Friday, asking him to appear before it on October 23. Last year, Savarkar's grandnephew, Satyaki Savarkar, had lodged a complaint against the Leader of Opposition in the Lok Sabha in this connection in a Pune court. Last month, the case was transferred to the special court for MPs and MLAs from the Judicial Magistrate First Class (FMFC) court. Advocate Sangram Kolhatkar, who represents Satyaki Savarkar, told PTI that the special court for MPs an MLAs, presided over by Joint Civil Judge and Judicial Magistrate (First Class) Amol Shinde, issued the summons against Gandhi stating that his attendance is necessary to answer a charge punishable under section 500 (defamation) of the Indian Penal Code (IPC) in the case, and he