Properties in Vadgaon Budruk Pune

Pune’s property market is one of the most coveted in India, attracting the interest of not only locals but non-resident Indians as well. To cater to this growing demand, housing supply has to grow. To make that happen, 11 villages have been added in the city’s fold recently. But, it is not as easy for a city to expand as it might seem.

Maharashtra state government recently mandated civic bodies to upload details of illegal properties on the official website. This was necessary because, usually action is only taken when it comes to light that the building is illegal. Innocent buyers suffer in the process. Most buyers remain aware that buildings where they have bought property are illegal.

Popularly known as the 'Oxford of the East', Pune draws students from across the country. PropGuide enlists popular residential pockets of the city.

Through an order in 2011, the Supreme Court held that transferring property title through a general power of attorney was not valid. The top court directed municipal bodies not to register/mutate properties based on these documents. Following the order, states banned the registration of properties sold through GPA. The SC, however, said that genuine transactions carried out through GPA would be valid. In light of this, should you be entering property transactions that involve sale through power of attorney? Let us find out.

National Building Construction Company, along with four other construction companies, has shown interest in buying insolvency-hit Jaypee Infratech. On August 9, the Supreme Court had handed over the case to the Allahabad Bench of the NCLT for resolution in six months. Last year, when Lakshadweep Pvt Ltd, a joint venture between Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Realty, won the bid to buy the company for Rs 7,350 crore, Jaypee declined the offer on the grounds of undervaluation.