In an effort to combat air and noise pollution, the Pune Municipal Corporation (PMC) has implemented stringent measures to regulate and penalize construction sites that violate environmental norms.
PunePollutionConstructionPmcEnvironmental RegulationsReal Estate PuneDec 10, 2024
The main issue addressed by the Pune Municipal Corporation (PMC) is the pollution caused by construction activities, including dust, noise, and other environmental concerns.
The key measures taken by the PMC include regular inspections, implementation of fines for non-compliance, public awareness campaigns, and partnerships with environmental groups and NGOs.
Construction sites that violate environmental norms can be issued warnings and, if necessary, fined between Rs. 10,000 to Rs. 50,000. In severe cases, construction activities may be halted until corrections are made.
The public is being involved through awareness campaigns, public meetings, and collaborations with local environmental groups and NGOs to monitor and report on compliance.
The impact of the PMC's actions has been positive, with a decrease in construction pollution complaints and an overall improvement in air and noise quality in the city.
Private equity investments in Indian real estate surged to $4.2 billion in 2024, marking a 32% increase from the previous year. This growth is particularly significant in cities like Mumbai, which continues to attract substantial capital.
India's economy continues to show robust growth, with the GDP rising to 6.2% in the third quarter of FY25. This is a significant improvement from the previous quarter's 5.4% and marks a positive trend in the country's economic recovery.
Marubeni Corp, a significant player in the global trading and investment business, has announced its exit from Atmosphere Realty, a joint venture in Mumbai. The Japanese company has redeemed Rs 218 crore worth of debentures, marking the end of its involve
Despite a dynamic and competitive market, Mumbai has emerged as the real estate hub, with over 88,000 homes sold in Q1 2025. Notably, 46% of these homes were priced above Rs 1 crore, highlighting the city's robust demand for high-end properties. Pune, another key player, also saw significant growth in its real estate sector.
The Indian stock market, particularly the Nifty, is bracing for a volatile start following the significant downturn on Wall Street. The Nasdaq has officially entered bear market territory, raising concerns for investors globally.
Supreme Universal has successfully closed a Rs 174 crore deal for its ultra-luxury property, Supreme ArtHouse, located in Bandra, Mumbai. The sea-facing duplex is a prime example of luxurious living.