The Pimpri Chinchwad Municipal Corporation (PCMC) has officially withdrawn its Town Planning (TP) scheme for Chikhali and Kudalwadi due to strong resistance from local residents and landowners. The decision was made during a recent general body meeting, and the area will now be developed according to the existing Development Plan (DP).
Pimpri ChinchwadTown PlanningChikhalikudalwadiPcmcDevelopment PlanReal Estate PuneMay 16, 2025
PCMC withdrew the scheme due to strong opposition from local residents and landowners who were concerned about losing more land to development projects.
The Development Plan (DP) is the current plan that guides the development of the Chikhali and Kudalwadi areas. It will now be followed instead of the proposed Town Planning scheme.
The Chikhali-Kudalwadi TP scheme was supposed to cover 380 hectares.
PCMC is proceeding with five other TP schemes in the Charholi region, which cover a total of 1,425 hectares.
The main concern was that the TP scheme would further reduce their land holdings, which they have already lost to previous development projects.
Explore how Max Estate is leveraging its unique strengths to tap into the vast potential of Delhi-NCR's thriving real estate sector.
The Indian real estate market is expected to play a crucial role in the country's economic growth, with a projected value of $10 trillion by 2047.
The real estate market in Mumbai has shown signs of recovery with a 5% increase in property registrations in November, according to a report by Knight Frank. This positive trend is expected to continue as more buyers enter the market.
The real estate sector has witnessed record-breaking institutional investments, with the residential segment attracting nearly half of the inflows, followed by office buildings and warehousing spaces.
Kering and Ardian have signed a significant investment agreement, focusing on prime real estate assets in Paris. This move is expected to bolster both companies' portfolios and strengthen their presence in the luxury and investment sectors.
The Economic Offences Wing (EOW) of the Mumbai Police has filed a 'C Summary' report, effectively closing the case against HDIL promoters Rakesh and Sarang Wadhawan. The case involved allegations of illegal sale of office units in the Kaledonia commercial