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This is an archive article published on April 2, 2018

No slowdown in Pimpri-Chinchwad, PCMC collects record revenue from building permissions

Collection of a higher amount from building permission charges reflected that there was no slowdown in the realty sector in Pimpri-Chinchwad, said civic officials.

Pune Municipal Corporation, Pimpri-Chinchwad, PCMC revenue, Pune building revenue, permissions, Pune property price, Pune news, city news, indian expresss Premium segments of the real estate sector have seen a slowdown, said PCMC officials. (File Photo)

WHILE the Pune Municipal Corporation has collected only 40 per cent of its target of Rs 1,400 crore from building permission charges by the end of the 2017-2018 financial year, the Pimpri-Chinchwad Municipal Corporation (PCMC) has not only achieved cent per cent target but even exceeded it by 10 per cent. Collection of a higher amount from building permission charges reflected that there was no slowdown in the realty sector in Pimpri-Chinchwad, said civic officials.

The PCMC had set a target of collecting Rs 405 crore by the end of the fiscal year. However, it has collected Rs 453 crore, 11 per cent more than the set target. Civic officials said the figure of Rs 453 crore was the highest in civic history, and was Rs 192 crore more than what was collected during the 2016-2017 fiscal year, when the PCMC had collected Rs 261 crore. In 2015-2016, the PCMC had collected Rs 286 crore from building permission charges.

Municipal Commissioner Shravan Hardikar said higher collection from building permission charges meant that in the RERA regime, the real estate projects were being registered. “It seems to be an outcome of the RERA regime, where legalised projects are the order of the day,” he said.

PCMC Joint City Engineer Rajan Patil said several residential and commercial projects were underway in Pimpri-Chinchwad. “In areas such as Pimple Saudagar, Wakad, Pimple Nilakh, Pimple Gurav, Tathawade or Chikhali… several residential and commercial projects are coming up…,” he said. “In fact, the collection of Rs 453 crore from building permission charges is the highest in the history of the PCMC, which shows that realty sector is doing brisk business,” said Patil.

Hardikar said while Pimpri-Chinchwad remained a favoured e destination for flat buyers and investors, some sections of the real estate sector had seen a slowdown. “In the affordable housing sector, there is no slowdown and there is a high demand for flats… Flats worth Rs 25 to Rs 30 lakh are in greater demand than those in the premium sector, where the flat rates are up to and beyond Rs 1 crore,” he said.

A large number of premium flats have remained unsold and “the focus has shifted to affordable flats,” said the civic chief.

In January, builders’ association CREDAI-Pune had urged the state government not to hike Ready Reckoner rates due to the slump in the market and low property sales. “They should maintain the same rate as last year… as the realty sector is going through a bad phase,” CREDAI had said in a letter to the government. On Saturday, the government announced that RR rates will not be hiked.

Manoj More has been working with the Indian Express since 1992. For the first 16 years, he worked on the desk, edited stories, made pages, wrote special stories and handled The Indian Express edition. In 31 years of his career, he has regularly written stories on a range of topics, primarily on civic issues like state of roads, choked drains, garbage problems, inadequate transport facilities and the like. He has also written aggressively on local gondaism. He has primarily written civic stories from Pimpri-Chinchwad, Khadki, Maval and some parts of Pune. He has also covered stories from Kolhapur, Satara, Solapur, Sangli, Ahmednagar and Latur. He has had maximum impact stories from Pimpri-Chinchwad industrial city which he has covered extensively for the last three decades.   Manoj More has written over 20,000 stories. 10,000 of which are byline stories. Most of the stories pertain to civic issues and political ones. The biggest achievement of his career is getting a nearly two kilometre road done on Pune-Mumbai highway in Khadki in 2006. He wrote stories on the state of roads since 1997. In 10 years, nearly 200 two-wheeler riders had died in accidents due to the pathetic state of the road. The local cantonment board could not get the road redone as it lacked funds. The then PMC commissioner Pravin Pardeshi took the initiative, went out of his way and made the Khadki road by spending Rs 23 crore from JNNURM Funds. In the next 10 years after the road was made by the PMC, less than 10 citizens had died, effectively saving more than 100 lives. Manoj More's campaign against tree cutting on Pune-Mumbai highway in 1999 and Pune-Nashik highway in 2004 saved 2000 trees. During Covid, over 50 doctors were  asked to pay Rs 30 lakh each for getting a job with PCMC. The PCMC administration alerted Manoj More who did a story on the subject, asking then corporators how much money they demanded....The story worked as doctors got the job without paying a single paisa. Manoj More has also covered the "Latur drought" situation in 2015 when a "Latur water train" created quite a buzz in Maharashtra. He also covered the Malin tragedy where over 150 villagers had died.     Manoj More is on Facebook with 4.9k followers (Manoj More), on twitter manojmore91982 ... Read More


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