Valuation of PMC properties is ₹35,000 crore

The total valuation of its properties by Pune Municipal Corporation (PMC) as per the current market price is ₹35,000 crore

PUNE: The total valuation of its properties by Pune Municipal Corporation (PMC) as per the current market price is ₹35,000 crore. The immovable assets of PMC include amenity spaces, gardens, auditoriums and other properties.

PMC new building in Pune. The total valuation of its properties by Pune Municipal Corporation (PMC) as per the current market price is ₹35,000 crore. (HT FILE )

With the civic administration yet to carry out such an exercise in the recent past, municipal commissioner Vikram Kumar instructed officials to carry out the asset valuation.

PMC estate department head Rajendra Muthe said, “PMC did the property valuation after a long time. Post the assessment of our real estate and its high market value, we could seek increase in credit limit and attract more investment.”