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
PMC new building in Pune. The total valuation of its properties by Pune Municipal Corporation (PMC) as per the current market price is <span class='webrupee'>₹</span>35,000 crore. (HT FILE )
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 )
Updated on Oct 05, 2021 08:40 PM IST
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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.

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.”

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Thursday, December 02, 2021