Pune's Gunthewari scheme struggles to gain momentum in property sector
Real Estate

Pune's Gunthewari scheme struggles to gain momentum in property sector

The Gunthewari scheme in Pune faces challenges as it fails to gather the anticipated pace in the local property sector. The scheme, which was introduced to regularise unauthorised constructions and bring unapproved structures under legal frameworks, is encountering hurdles in gaining the necessary momentum and acceptance among property owners.

Despite its well-intentioned objectives, the Gunthewari scheme's slow uptake suggests reluctance or challenges in its implementation within the Pune real estate landscape. The scheme was designed to address the issue of illegal constructions by providing a legal pathway for regularization.

The sluggish progress raises questions about the effectiveness of the scheme and the factors contributing to its limited success. It underscores the need for a comprehensive assessment of the challenges faced by property owners, developers, and the local administration in embracing and implementing such regularization initiatives.

The Gunthewari scheme's struggle to gain traction may prompt a re-evaluation of its implementation strategies and communication to stakeholders. The slow adoption could be influenced by factors such as awareness, procedural complexities, or perceived benefits for property owners. As Pune continues to evolve in its urban development, addressing these challenges becomes crucial to ensuring the success of initiatives aimed at bringing unauthorised constructions within the legal framework and fostering sustainable growth in the real estate sector.

The Gunthewari scheme in Pune faces challenges as it fails to gather the anticipated pace in the local property sector. The scheme, which was introduced to regularise unauthorised constructions and bring unapproved structures under legal frameworks, is encountering hurdles in gaining the necessary momentum and acceptance among property owners. Despite its well-intentioned objectives, the Gunthewari scheme's slow uptake suggests reluctance or challenges in its implementation within the Pune real estate landscape. The scheme was designed to address the issue of illegal constructions by providing a legal pathway for regularization. The sluggish progress raises questions about the effectiveness of the scheme and the factors contributing to its limited success. It underscores the need for a comprehensive assessment of the challenges faced by property owners, developers, and the local administration in embracing and implementing such regularization initiatives. The Gunthewari scheme's struggle to gain traction may prompt a re-evaluation of its implementation strategies and communication to stakeholders. The slow adoption could be influenced by factors such as awareness, procedural complexities, or perceived benefits for property owners. As Pune continues to evolve in its urban development, addressing these challenges becomes crucial to ensuring the success of initiatives aimed at bringing unauthorised constructions within the legal framework and fostering sustainable growth in the real estate sector.

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Real Estate

Pune Municipal Corp’s gunthewari scheme starts off at slow pace

The Gunthewari scheme announced for the Pune Municipal Corporation (PMC) zones is yet to gather pace, with only 13 proposals approved.

The elected members have sought the state government to take some steps to make the process hassle-free.

BJP State President Chandrakant Patil said that the regularisation charges for the proposals should be reduced to avail the scheme.

The corporation has estimated that one lakh properties within the PMC areas can be regularised. This scheme benefits both commercial and residential properties.

According to data, the applica..

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Brookfield India REIT to Acquire Bharti's Stake in Realty JV

Brookfield India Real Estate Trust (BIRET) is set to acquire nearly 50% stake in a real estate joint venture with Bharti Enterprises. This joint venture, Rostrum Realty Private Limited, includes properties across Delhi-NCR. The transaction is valued at approximately ?6,000 crores. Last year, Brookfield Asset Management already acquired a similar stake in four Bharti commercial properties.

With this acquisition, Brookfield?s REIT in India and Brookfield Asset Management will collectively control Rostrum Realty. This move is part of Brookfield's strategy to expand its real estate portfoli..

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Real Estate

DLF Ventures into Mumbai, Goa with Luxury Homes This Year

DLF, India's leading real estate developer, is set to enter the luxury housing markets of Mumbai and Goa by the end of this financial year. The company plans to introduce high-end residential projects, marking its first significant ventures in these regions.

In Mumbai, DLF will launch a premium condominium project in Andheri, featuring luxury apartments priced between ?6 crore and ?8 crore. This development signifies DLF's re-entry into Mumbai's real estate market after a long hiatus. The project aims to cater to the burgeoning demand for luxury homes in India's financial capital.

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