Page 5 - Pune

PM Modi condoles loss of lives in Pune road accident, announces ex-gratia

As many as seven people have died in a road accident involving a Sedan and a pickup truck in Maharashtra's Pune district

Road accident in Pune rural claims 8 lives, including a woman, 7 men

The accident occurred in front of Shriram Dhaba, near the Kirloskar Company at around 6:45 PM, within the jurisdiction of Jejuri Police Station

Godrej Properties acquires 16-acre parcel in Pune, eyes Rs 3,100 cr revenue

The 16-acre parcel in Pune's Upper Kharadi will support premium housing and retail, marking Godrej Properties' second acquisition in the region this month

Godrej Properties to develop Rs 3,100 cr housing-cum-retail project in Pune

Realty firm Godrej Properties Ltd has acquired 16-acre land in Pune to develop a housing-cum-retail project with an estimated revenue of Rs 3,100 crore. In a regulatory filing on Tuesday, the company informed it will develop about 16-acre land parcel in Upper Kharadi, Pune. "The development on this land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of about 2.5 million square feet with an estimated revenue potential of around Rs 3,100 crore," Godrej Properties said. This is the company's second land acquisition this month in the Kharadi-Wagholi belt, taking the estimated cumulative revenue potential from the two developments to about Rs 7,300 crore. The company did not mention whether the acquisition of this land parcel is through outright purchase or partnership with the landowner. Gaurav Pandey, MD and CEO, Godrej Properties, said,"Upper Kharadi has rapidly emerged as one of Pune's most promising real estate .

Keep risk-prone tourist spots off-limits during monsoon: Maha chief secy

Maharashtra Chief Secretary Sujata Saunik has said the safety of tourists needs to be prioritised during the monsoon and dangerous or risky spots should be closed down temporarily. Saunik made the remarks on Monday, a day after four picnickers were killed in a bridge collapse in Pune. Along with putting up signboards at dangerous tourist spots, they should be temporarily closed until they are fully repaired with adequate security arrangements put in place, she said. Appropriate action should be taken against tourists who do not take precautions and ignore instructions of the administration or police, the senior IAS officer noted. She was reviewing the situation at a meeting following the collapse of an iron bridge over the Indrayani river at Kundmala, a popular tourist spot in Pune district's Maval tehsil on Sunday afternoon. Pune Divisional Commissioner Chandrakant Pulkundwar, District Collector Jitendra Dudi, Pimpri Chinchwad Municipal Corporation Commissioner Shekhar Singh and

Collector declared Indrayani river bridge as unsafe, says Fadnavis

Maharashtra Chief Minister Devendra Fadnavis on Monday said the iron pedestrian bridge on the Indrayani River in Pune that collapsed, killing four persons, had been declared dangerous by the district collector, and warning boards had been put up at the site. Talking to reporters at an event in Palghar, Fadnavis said the contract for a new bridge at the site in Maval tehsil had been awarded, and work has begun. Four people died, and 18 were seriously injured when a 32-year-old iron pedestrian bridge over the Indrayani River in Maval tehsil collapsed on Sunday afternoon due to overcrowding by tourists. He said that the structure had been declared dangerous by the district collector before the incident, and villagers had also placed warning boards. Tourists might not have been aware of the severity of the bridge's condition, he said. The chief minister said that the administration had identified 500 dangerous locations, including bridges and water bodies, across Pune district for the

Fire in Daund-Pune shuttle train after passenger throws cigarette; held

A minor fire broke out in the lavatory of the moving Daund-Pune shuttle train on Monday morning after a passenger allegedly threw a lighted cigarette in a dustbin there, causing panic among passengers, police said. The blaze was quickly doused and no one was injured in the incident which occurred near Yavat in Pune district at around 8 am, an official from Daund railway police station said. A 55-year-old person, who prima-facie seemed to be mentally unstable, was detained in connection with the incident and handed over to police, a railway spokesperson said. The train was held up at Yavat station for about 20 minutes due to the incident, as per railway officials. The shuttle train service operates daily between Daund town and Pune city, covering a distance of nearly 75 km and passing through seven stations in between. As per preliminary information, a passenger from Madhya Pradesh allegedly threw a 'bidi' (hand-rolled thin cigarette) into a dustbin of the Daund-Pune DEMU (Diesel .

Police continue search operation at Pune bridge collapse site

Police on Monday continued the search operation at the site where an iron bridge collapsed on the Indrayani River in Pune district, even as the National Disaster Response Force (NDRF) called off its efforts. Four people died, and 18 were seriously injured when a 32-year-old bridge over the Indrayani River in Maval tehsil collapsed on Sunday afternoon. "Since all missing persons have been accounted for as per directions of the district administration, the search operation has been closed," an NDRF official said. According to the authorities, the iron structure collapsed due to overcrowding by tourists who ignored the warning board at the spot. More than 100 people were on the bridge, a popular spot for tourists and picnickers, when it collapsed around 3.30 pm in Kundamala, which received heavy rains in the last few days, giving the river a steady flow, officials said. "While there is no possibility of anyone still being missing, as a precautionary step, we are continuing the search

Crowd in middle swept away in river: Survivor recalls Pune bridge fall

The man recalled that the people standing in the middle of the bridge were swept away in the Indrayani River

Pune bridge collapse: 4 dead, 51 injured as old structure fails under rush

The incident occurred at 3:15 pm; we were informed by 3:30 pm. A 250-member team began rescue ops and has rescued around 38 people so far, said District Collector Jitendra Dudi

2 dead after bridge on River Indrayani collapses in Pune; rescue ops on

Three persons were rescued so far following the incident which occurred near Kundamala area in Maval tehsil, the police said

Zero-for-Zero Tariffs: Rethinking Trade Liberalization

In this SmartCut episode, Dr. Shikha Jain, Director of IMDR Pune, unpacks Zero-for-Zero Tariffs, their history, benefits, challenges, and why India needs to rethink trade liberalisation. >

Gap between built up area & carpet area rises in apartment to 40%: Anarock

The difference between super-built-up area and carpet area in apartments has risen over the years with builders increasing average loading percentage to 40 per cent across major cities to provide common amenities, according to Anarock. The average loading percentage was 31 per cent in 2019, and the same has risen to 40 per cent in the January-March quarter of this year, which means flat owners are getting less livable space. In its report, real estate consultant Anarock said that in residential apartments, the average loading factor is the difference between the super-built-up area and carpet area. If the super built-up area is 1,300 square feet and the carpet area 1,000 sq ft, then the loading percentage is 30 per cent. Prashant Thakur, Regional Director & Head - Research & Advisory at ANAROCK Group, said, "While RERA now requires developers to mention the total carpet area provided to homebuyers, no law currently limits the loading factor in projects." "Q1 (January-March) ...

Birla Estates raises Rs 420 cr from IFC to finance projects in Mumbai, Pune

Real estate company Birla Estates has raised Rs 420 crore from International Finance Corporation (IFC) to finance its two projects in Mumbai Metropolitan Region and Pune. Birla Estates Pvt Ltd is a wholly-owned subsidiary of Aditya Birla Real Estate Ltd (formerly Century Textiles and Industries Ltd). In a regulatory filing on Monday, the company announced signing of agreements for an investment from IFC, a member of the World Bank Group. "The investment, approximately USD 50 million (Rs 420 crore), will be directed towards two of Birla Estates' key developments: with around Rs 148 crore in Birla Estates' Manjri project (Pune) having around 3.13 million sq ft saleable area and about Rs 272 crore in Birla Estates' Thane project with 6.43 million sq ft saleable area," it said. The projects will be developed through two Special Purpose Vehicles (SPVs) owned and controlled by Birla Estates. IFC's investment will be made into these SPVs, which will serve as the development platform for b

Snowflake to set up R&D centre in India, expand operations in Pune

Cloud data firm Snowflake plans to open an R&D centre in India alongside its Pune CoE as part of its larger push to grow local talent and enterprise technology capability

Godrej acquires 14-acre land in Pune to build project worth Rs 4,200 cr

Realty firm Godrej Properties Ltd has acquired a 14-acre land in Pune to develop a housing project with a revenue potential of Rs 4,200 crore as part of its expansion plan. In a regulatory filing on Monday, Godrej Properties said it will develop the 14-acre land parcel in Kharadi - Wagholi, Pune. The development on this land will comprise primarily premium group housing. "The project will have a developable potential of 3.7 million square feet with an estimated revenue potential of Rs 4,200 crore," the company said. Gaurav Pandey, MD & CEO, Godrej Properties, said, "Kharadi - Wagholi is one of the most sought-after destinations in Pune, and we are happy to mark our entry into this micro market. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India." "We will aim to build a high-quality development that creates long-term value for its residents," Pandey said. Mumbai-based Godrej Properties is one of

12 injured after tourist cab hits bystanders in Pune, driver arrested

Among those injured were several students preparing for the Maharashtra Public Service Commission (MPSC) exams

Court rejects Rahul Gandhi's plea for plaintiff's lineage in Savarkar case

A court has dismissed Rahul Gandhi's plea seeking details of Satyaki Savarkar's maternal lineage in a defamation case over alleged remarks against VD Savarkar during a 2023 London speech

Pune Porsche case accused doctor now arrested in kidney transplant racket

Police on Thursday arrested Pune's Sassoon General Hospital's former medical superintendent Dr Ajay Taware in connection with an alleged kidney transplant racket at a leading private hospital here, officials said. Taware is currently lodged at the Yerwada Central Jail here following arrest last year for allegedly tampering with the blood samples of a 17-year-old boy accused of crashing a Porsche car into a motorbike in Pune's Kalyani Nagar and killing two persons. The city crime branch has now taken him into custody in connection with the 2022 kidney transplant racket at the Ruby Hall Clinic, a leading private hospital here, police said. "We have taken Dr Ajay Taware into custody in the kidney racket case and he will be produced before the court today," Deputy Commissioner of Police (Crime) Nikhil Pingale said. In 2022, Taware was head of the Regional Authorisation Committee that approved kidney transplants. The Pune police in May 2022 registered a case against 15 persons, includi

Fujita Corp-backed Neilsoft refiles draft IPO papers; cuts fresh issue size

Fujita Corporation-backed Neilsoft Ltd has refiled its draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO will have a combination of a fresh issue of shares worth Rs 90 crore and an offer-for-sale (OFS) of 80 lakh shares by promoters and existing shareholders, according to the draft red herring prospectus filed on Monday. The company has reduced its fresh issue size from Rs 100 crore planned at the time of filing draft papers in December 2024. The regulator had returned these preliminary papers in March this year. Neilsoft, a technology-driven engineering services and solutions company, plans to use Rs 69.63 crore to fund capital expenditure and the rest for general corporate purposes. Founded in 1991, Neilsoft provides customised engineering services, including AEC design solutions, industrial plant design, and manufacturing equipment and production line design. It also offers Engineering Process Outsourcing (EPO) services and