The Pune road widening project, initially a priority for the BJP government, has hit a snag as the state orders a fresh review of the proposals. The move has sparked controversy and accusations of political favoritism, particularly in the real estate sector.
PuneRoad WideningInfrastructureReal EstateControversyReal EstateMay 01, 2025
The Pune road widening project is an ambitious plan to widen 323 roads in Pune to alleviate traffic congestion and improve the city's infrastructure.
The state government ordered a fresh review to ensure that the project is technically sound and that all legal and regulatory requirements are met.
Critics argue that the project is politically motivated, benefits real estate developers, and lacks proper environmental and social impact assessments.
Environmental concerns include the potential disruption of green spaces and historical landmarks, as well as the need for a comprehensive environmental impact assessment (EIA).
The social implications include the acquisition of land from private property owners and the relocation of residents, raising concerns about fair compensation and rehabilitation.
Real estate consultant JLL facilitated the collaboration between CLSPL and BNMV Trust for a 10-year lease on a student living project in Mumbai’s Juhu area.
NBCC, a leading real estate and project management consultancy firm, has announced that its subsidiary has secured a significant contract worth Rs 1,000 crore for the development of the Gondwana University campus in Maharashtra.
The Indian rental market is witnessing a significant surge, with a 3.62% yield across 13 major cities. Ahmedabad has emerged as the frontrunner, reflecting a major shift in the real estate sector towards rental properties.
Mumbai, Jan 1 (PTI) Mumbai city municipal area witnessed an 11 per cent increase in property registrations during the 2024 calendar year, reaching a significant number of 1,41,202 units.
The Orissa High Court has temporarily stayed a state government notification that permitted the sale and registration of apartments constructed before the Real Estate Regulatory Authority (RERA) came into effect.
India's housing finance sector is poised for robust growth, with a projected compound annual growth rate (CAGR) of 15-16%, reaching an estimated value of $932.3 billion by 2029-30.