Real Estate Pune

PMC seeks I-T waiver to fast-track land acquisition for Pune infra

By GeoSquare News Desk · Published 2026-11-02

The Pune Municipal Corporation (PMC) has urged the central government to waive income tax on land compensation, a move aimed at accelerating land acquisition for critical infrastructure projects across the city. The proposal is expected to reduce delays and ease the process for both the civic body and landowners.

Why the waiver is crucial

Currently, a significant portion of compensation paid to landowners is deducted as income tax, making many reluctant to part with their land. By removing this tax burden, PMC hopes to encourage faster handovers and streamline the acquisition process for roads, metro corridors, and other civic amenities.

Impact on Pune's real estate

Quicker land acquisition will directly benefit infrastructure development, improving connectivity and basic amenities. For property buyers and investors, this translates into better-planned neighbourhoods, enhanced livability, and potential appreciation in property values over time.

Real estate experts believe that the waiver, if approved, could unlock several stalled projects and spur new growth in peripheral areas where land acquisition is often a hurdle. This aligns with Pune's expanding urban footprint and rising demand for housing.

For now, stakeholders await the central government's decision, which could reshape the pace of infrastructure development in the city.