The ongoing water dispute between the Pimpri Chinchwad Municipal Corporation (PCMC) and the Pune Metropolitan Regional Development Authority (PMRDA) is intensifying as the assembly elections draw near. This conflict could significantly impact real estate
Water DisputePcmcPmrdaReal EstateAssembly ElectionsReal Estate PuneOct 07, 2024
The main cause of the water dispute is the increasing demand for water in the region due to rapid urbanization and industrial growth, combined with the PMRDA's lack of its own water source and dependency on PCMC for water supply.
The uncertainty over water supply is causing concerns among developers, leading to potential delays in project completions and increased costs, which could affect the housing market and the overall economic development of the region.
The political dimension of the dispute, with both PCMC and PMRDA hoping to gain support and leverage, is intensifying the conflict as the assembly elections draw near.
Possible solutions include negotiations and mediation, investment in new water infrastructure, and the implementation of water conservation measures.
PCMC is responsible for the administration and development of the Pimpri Chinchwad area, including water supply, while PMRDA is tasked with the overall planning and development of the Pune Metropolitan Region.
Kolkata: In the period from 2024 to 2025, Kolkata experienced a significant decline in unsold affordable housing stock by 20%, while the luxury housing inventory saw a substantial increase of 96%. A recent real estate research provides insights into these trends and their implications for the local market.
Rajan Bharti Mittal, the chairman of Bharti Enterprises, has expressed his optimism about the company's future, particularly in the telecom sector. Mittal believes that the recent upgrade in Bharti's credit rating by Moody's is a testament to the company'
Tal, Oren, and Alon Alexander, prominent figures in the real estate world, were arrested from their homes in Miami Beach on Wednesday, sparking a flurry of revelations about their alleged sexual abuse.
At the 5th annual Danube Properties Filmfare OTT Awards 2024 held in Mumbai on December 1, the comedy series Maamla Legal Hai made a notable impact by securing two major awards. The series, produced by Posham Pa Pictures, won Best Comedy (Series/Specials)
Get briefed on the latest current affairs, including the Global Food Regulators Summit 2024, Miss India Worldwide 2024, and Junior World Weightlifting Championship 2024.
The prestigious event acknowledged remarkable achievements, supported by the Confederation of Real Estate and the Maharashtra Chamber of Housing.