City Pune Financial News

Co-living property operators are looking to bolster their revenue streams by collaborating with developers for build-to-suit (BTS) properties, providing short-term stays and signing hospitality partnerships in the aftermath of the Covid-19 pandemic. “The BTS properties we offer are designed in-house by a team of architects in collaboration with a panel of students to ensure that their specific needs and preferences are integrated into the design,” said Parth Soni, co-Founder of Union Living. Union Living is offering 500 beds in Mumbai and Pune. By June, its operational co-living beds are set to increase to 1,500 across nine properties in the two cities.

Macrotech Developers has recorded its best quarterly performance ever with 40% year-on-year growth in pre-sales at Rs 4,230 crore for the quarter ended March. The performance has helped the company report its best-ever annual pre-sales at Rs 14,520 crore during the financial year 2023-24. With this, the company has met its guidance of 20% growth, Macrotech Developers said in a regulatory filing. The developer’s collection also rose 20% from a year ago to Rs 3,510 crore during the fourth quarter of the financial year. With this, the collections for the year rose to Rs 11,260 crore.

Supriya Sule was announced as a candidate for the Baramati Lok Sabha seat. The three-term parliamentarian and daughter of NCP founder Sharad Pawar is pitted against her sister-in-law and Maharashtra Deputy Chief Minister Ajit Pawar’s wife Sunetra Pawar.

TAC Infosec IPO last bidding date today: Issue booked over 400 times so far on strong NII, retail demand; check GMP The Aluwind Architectural IPO is offering 6,600,000 shares, with 3,135,000 (47.50%) allocated to Non-Institutional Investors (NII) and another 3,135,000 (47.50%) designated for Retail Individual Investors (RII). The Aluwind Architectural IPO was subscribed over 1.11 times on the third day of bidding. The SME IPO received 73,32,000 share applications against offered 66,00,000 shares on April 2.

Maharashtra has decided not to make any changes to ready reckoner rates for the financial year 2024-25. The rates--minimum per sq ft value set by the government used for calculation of taxes, premiums, etc--were last changed in 2022. The government of Maharashtra has fetched revenue worth nearly Rs 36,000 crore through stamp duty collection and registration charges in the financial year 2023-24. Realty developers expect the state government’s decision to maintain status quo on ready reckoner rates will support the sector, especially the affordable housing segment.

Army Sports Institute will be imparting rigorous training to young female athletes to help them compete at national and international level, Lt General Ajai Kumar Singh, General Officer-Commanding-in-Chief of Southern Command said on Sunday. Altogether 30 girls have been enrolled and will begin training at the institute in May, Lt Gen Singh said in an interview to PTI, on the eve of the Southern Command celebrating its 130th Raising Day on April 1. The army's initiative will contribute significantly to the holistic development of the sports landscape in India and also underscores the significance of gender equality and inclusivity in sports, Lt Gen Singh said.

Shiv Sena leader Vijay Shivtare, who had declared that he would contest the Lok Sabha polls as an independent candidate from Maharashtra's Baramati constituency, changed his stand on Saturday. The leader of the Eknath Shinde-led party said he won't contest the polls from Baramati in Pune district, which is the political stronghold of NCP founder Sharad Pawar's family, and instead campaign for the ruling Mahayuti alliance. Shivtare's announcement comes amid speculation that Deputy Chief Minister Ajit Pawar's wife Sunetra Pawar could be fielded from there as a candidate of the ruling NCP faction. Sharad Pawar, who now heads the NCP (SP), has already announced the candidature of his daughter and three-term Baramati MP Supriya Sule from the constituency.

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Indian office market continues its positive trajectory, registering a net absorption of 11.5 mn sft across top 8 cities in Q1-24, according to Cushman & Wakefield’s Q1 office data. This is the third-highest level recorded in the last five years, demonstrating a robust appetite for office space among businesses. Net absorption is a barometer of real demand or expansion of occupied space in the market. While this quarter’s net absorption was 38% lower than the exceptional Q4-2023, it was a 44% increase over Q1 2023, indicating continued space occupation by businesses. Bengaluru and Mumbai emerged as the leading markets, absorbing 3.6 mn sft and 2.5 mn sft of space, respectively. They were followed by Hyderabad at 1.6 mn sft, Delhi-NCR at 1.5 mn sft Pune at 1.3 mnsf, Ahmedabad and Kolkata at 1 mn sft, and Chennai at .8 mn sft.

residential real estate market in India recorded robust growth in the first quarter of 2024, propelled by persistent high demand. The high-end and luxury segments made a substantial contribution to this growth, while the mid-segment retained its leadership position in terms of the sheer number of launches or shares, mentioned Cushman & Wakefield's Residential Marketbeat Report for Q1. The report indicates that the top 8 cities recorded a total of 69,000 unit launches, with Mumbai and Pune being the top contributors with 28% and 16% respectively. Hyderabad and Bangalore followed with 16% and 13%. Although the total launches declined by 7% from Q4 2023 at 74,344 units and 15% from Q1 2023 at 81,167 units, it still surpassed the average quarterly launches observed in 2022 at 67,960 units, indicating yet another positive year for the sector.

Among the seven startups selected under Cisco and Social Alpha’s Krishi Mangal second edition, Pune-based Proximal Soilsens Technologies Pvt. Ltd. stands out due to the uniqueness of their product and its relevance for farmers. Launched in 2021, Krishi Mangal is a scale-up accelerator program that supports agritech startups to design solutions for and support smallholder farmers.

Real estate consultant Cushman & Wakefield on Friday released the data for launches of residential properties in the primary (first sale) of eight major cities. New supply has increased in Bengaluru and Mumbai but declined in Delhi-NCR, Chennai, Hyderabad, Pune, Kolkata, and Ahmedabad. Out of the total launches of residential properties in this quarter, the high-end and luxury segment had a 34 per cent share.

Kalyan has been unraveled with the capture of a thief on a passenger's phone. The incident occurred when the thief, identified as Akash Jadhav, attempted to snatch a passenger's phone while he was filming a selfie video on a moving train. The passenger, Zahid Zaidi, managed to capture the face of the thief on his phone as he tried to grab it. Seeking assistance, Mr. Zaidi shared the video on social media, leading to the attention of the Kalyan Railway Police who promptly made an arrest. Railway police officer Pandharinath Kande stated, «On Tuesday, we arrested a suspect who had prior cases registered against him in Thane. We recovered a second mobile phone from him.» Further investigation revealed that the phone belonged to Prabhas Bhange, a Pune resident who tragically lost his life after falling from a train at Vitthalwadi railway station.

The Thriving Global Market for Used Cars Among the car models, the Renault Kwid, Grand-i10, and Baleno emerged favourite among women buyers aged between 30-40 years. "'Lady Luck' promotion, offered during the month of March, featured exclusive discounts of up to ₹25,000 on car purchases.

Madgaon Express Box Office Collection Day 6: Madgaon Express, starring Pratik Gandhi, Divyendu Sharma, Avinash Tiwary, Nora Fatehi and Upendra Limaye in lead roles, witnessed a drop in daily collection on Day 6 by 13.79%. According to film industry tracker Sacnilk, the film collected ₹12.35 crore net during its six-day run in theatres. The film which was released on March 22, Friday, managed to rake in ₹1.25 crore net on its sixth day.

₹395.00 apiece on the BSE. In a regulatory filing on Wednesday, Lokesh Machines said that the Ministry of Home Affairs, Government of India has granted the Arms License in Form VII for the manufacture and In-House Proof testing of small arms. “Subject to the receipt of commercial license.

Shriram Finance to replace UPL in Nifty50 from Mar 28 · UP: Varanasi Court to hear Gyanvapi plea on Mar 28 · Maharashtra: Remaining candidates of Mahayuti alliance to be declared on Mar 28 · Maharashtra: Dismantling Of Sion Road Over Bridge to commence Mar 28 · Nagaland: ENPO to conduct an emergency meeting on Mar 28 · Maharashtra: BCCI to conduct women's red-ball tournament in Pune from Mar 28 · Karnataka: Suryakumar Yadav's fitness test at National Cricket Academy Mar 28 · Xiaomi's electric car will launch in China on Mar 28 · Alia Bhatt to host her first charity gala in London Mar 28 · Bhutan King to visit Kurigram in Bangladesh on Mar 28Milestone Alert! Livemint tops charts as the fastest growing news website in the world

ALSO READ: SRH vs MI IPL 2024 Live Score Looking at some records on who scored highest runs in IPL history, this was the first time that a team breached 275-runs mark. Earlier in 2013, Virat Kohli-led Royal Challengers Bangalore scored 263/5 runs in 20 overs while playing against Pune Warriors at M Chinnaswamy Stadium in Bengaluru.

Nitin Gadkari today said that the government is ending toll and the new satellite based toll collection system will be introduced soon. «Now we are ending toll and there will be a satellite base toll collection system. Money will be deducted from your bank account and the amount of road you cover will be charged accordingly. Through this time and money can be saved. Earlier, it used to take 9 hours to travel from Mumbai to Pune, now it is reduced to 2 hours,» Nitin Gadkari told ANI. Discussing the Bharatmala Pariyojana, which aims to develop approximately 26,000 km of economic corridors, Nitin Gadkari emphasized their significance alongside the Golden Quadrilateral (GQ) and North-South and East-West (NS-EW) corridors in handling the bulk of freight traffic on roads. He expressed confidence that the project will revolutionize the nation's future by 2024. Gadkari articulated his ambition to elevate India's National Highway road network to the standard of America, expressing assurance in his ability to achieve this goal.

₹11.15 crore net in India, Sacnilk.com has reported. Speaking of its day 5 collections, the film saw a 7.14 percent drop and collected just ₹1.50 crore net. The film had an overall occupany of 12.75 percent in Hindi language.

MUMBAI : Scions of the Hiremath family have moved a Pune court demanding partitioning of the entire wealth of the Kalyani Family HUF, the original joint family of the Bharat Forge group, widening what was once a family feud over shares in Hikal Ltd. The families of Bharat Forge chairman Baba N.