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AVINEA, HADAPSAR, PUNE Located in the fast-growing neighbourhood of Hadapsar in Pune, Avinea is a thoughtfully planned residential development designed for modern urban families. The project features seven residential towers arranged to create a spacious and well-organised community that emphasises openness, natural light, and good ventilation. The strategic tower layout enhances privacy, airflow, and pleasant views, creating a comfortable living environment.At the front of the development, a three-floor commercial building is planned, offering convenient retail and service spaces for residents while keeping the residential area peaceful and organised.Avinea offers well-designed 2, 3, and 4 BHK residences with efficient layouts that maximise space and functionality. Large windows and balconies bring in natural light and fresh air, creating bright and airy interiors.Residents can enjoy a wide range of amenities including a fully equipped gym, swimming pool, cricket pitch, football turf, jogging track, kids’ play area, banquet hall, café spaces, and golf facilities, creating a vibrant and well-rounded lifestyle community. Ar. Swapnil KshirsagarDesign 11 Architects Ar. Vivek BholeVivek Bhole Architects AVINEA by Vyom Buildcon –A Vision Realised in Hadapsar Our vision for Avinea was to create a thoughtfully designed residential development in Hadapsar that reflects modern urban living while ofering comfort, convenience, and a strong sense of community. We wanted the project to provide well-planned homes that balance contemporary architecture with practical layouts suited for everyday family life.Ar. Swapnil Kshirsagar, Ar. Vivek Bhole, along with their team at Design11 Architects, have successfully brought this vision to life. The seven residential towers are carefully arranged to create an open and harmonious community layout, allowing for ample natural light, ventilation, and unmatched privacy.The residences feature eficient layouts, large windows, and balconies, creating bright and airy interiors. Avinea ofers an extensive range of amenities, including a Sports Arena, 13000 Sq. Ft. Fitness Zone, 3 Swimming Pools, and 3 Clubhouses. The kids-friendly environment boasts multiple play zones, a creche, music, and dance academy, making it an ideal space for families.We sincerely appreciate the architects’ creativity, dedication, and attention to detail in shaping Avinea into a welcoming and vibrant residential community. Mr. Viraj Tupe MD, Vyom Buildcon

Solving Collaboration Challenges in Construction Which drawing are we supposed to follow? The site engineer has one version saved on WhatsApp. The consultant refers to a revised drawing sent over email last week. The contractor insists an approval was “given verbally” during a site visit. The project manager scrolls through message threads, screenshots, and PDFs – trying to piece together what was actually decided. Decisions stall and work slows. This is a familiar reality across construction projects of every scale. Every delay feels small until it costs 10 days and ₹40 lakh in rework. What appears on site as a minor coordination issue quickly escalates into something far more damaging. This isn’t just inefficient. It’s expensive. Industry data reveals that construction inefficiencies cost the global industry over $1.6 trillion every year. When dozens of stakeholders are involved, fragmentation is no longer a minor inconvenience—it becomes the single largest contributor to delays, rework, and disputes. Some of the most common collaboration challenges faced by construction teams are: Scattered Communication Channels Project communication often happens across multiple platforms. Over time, these scattered channels create confusion. Important decisions get buried in inboxes, document versions become difficult to track, and teams on site may unknowingly proceed with outdated information. Confusion Around Drawing Versions Construction projects generate thousands of drawings, reports, and technical documents across their lifecycle. Without structured version control, multiple versions of the same file may circulate simultaneously. Lack of Accountability and Traceability Decisions in construction are made constantly—during site visits, coordination meetings, or informal conversations. Yet many of these decisions remain poorly documented. When disputes arise or compliance reviews are required, teams often struggle to trace who approved what and when. Gaps Between Site and Office Teams Construction projects are inherently distributed environments. Design teams work from offices while site teams deal with real-time conditions on the ground. Updates shared informally through calls or messages may not reach decision-makers quickly, slowing problem-solving and increasing the risk of incorrect execution. These challenges are not the result of inadequate expertise or planning. Rather, they reflect an industry that has long relied on informal communication systems to manage increasingly collaborative projects. Across the construction sector, there is growing recognition that collaboration requires stronger digital infrastructure. Centralised project collaboration platforms are emerging to bring communication, documentation, and decision-making into a single environment. The Shift Toward Digital Collaboration – CollabWorx CollabWorx is a platform designed specifically for the construction ecosystem, functioning as a unified digital workspace where project stakeholders collaborate, communicate, and manage project information in a structured environment. CollabWorx enables teams to: • Centralise project communication All discussions, clarifications, and updates happen within the project workspace rather than across scattered channels. • Manage drawings and documents with version control Teams always access the latest approved documents while maintaining a clear revision history and structured folder system. • Reduce repeated file sharing and document duplication Project documents are stored in a central workspace, eliminating the need to repeatedly send large files through WeTransfer links, Google Drive folders, or email attachments. • Connect with multiple teams from anywhere Site engineers can upload updates, images, and reports directly into the project environment. • Maintain transparent documentation trails Every action, comment, or approval is recorded and traceable. As construction projects become larger and more complex, collaboration can no longer rely on informal communication systems. The industry is moving toward structured, transparent, and digitally supported workflows. Visit www.collabworx.in to move your projects from chaos to clarity. Yash Deshpande Collabworx Business Head, Collabworx +91 99705 61114 yash.deshpande@collabworx.in

Where Real Estate, Healthcare & Strategic Funding Converge Building Opportunities, Creating Impact India is witnessing one of the most dynamic phases of infrastructure and economic transformation in its modern history. With rapid urbanisation, rising investment flows, and a growing need for world-class healthcare facilities, the country is entering an era where real estate development and healthcare infrastructure must grow together. At the centre of this evolving landscape stands a strategic approach that connects land, capital, planning, and execution. Organisations that understand this integration are not merely facilitating transactions—they are building ecosystems that shape the future of cities and communities. This philosophy lies at the heart of SG Promoters & Real Estate Consultant and Vichaaro Health Integrators Pvt. Ltd.—two Pune-based strategic consulting firms working to create sustainable growth across real estate, healthcare infrastructure, and capital advisory. Together, these organisations represent a model of integrated development where vision meets value. Strategic Advisory for a Transforming Market Over the past decade, India’s real estate sector has evolved from a fragmented industry into a more structured and transparent asset class. Today’s investors, developers, and institutions are increasingly looking for strategic advisory partners who can guide them through complex market dynamics. SG Promoters provides end-to-end real estate advisory across multiple segments including residential, commercial, land acquisition, and redevelopment projects. Key areas of expertise include: ●Residential and luxury property investments ●Commercial spaces and IT park assets ●Land acquisition and NA plot transactions ●Redevelopment and joint venture structuring ●Strategic portfolio investment advisory What differentiates the firm is its ability to identify emerging opportunities before they become mainstream trends. Supported by a strong developer network and transparent deal structuring, the company enables investors to access projects aligned with long-term growth potential. Bridging Healthcare & Infrastructure While real estate continues to expand rapidly, India’s healthcare sector is simultaneously experiencing an unprecedented surge in demand. Population growth, increasing life expectancy, and rising healthcare awareness have created an urgent need for modern hospitals, diagnostic centres, and integrated medical infrastructure. Recognising this opportunity, Vichaaro Health Integrators Pvt. Ltd. was established to focus specifically on healthcare infrastructure development. The organisation supports healthcare providers, investors, and institutions through services such as: ●Hospital land identification and acquisition ●Healthcare project feasibility analysis ●Hospital acquisition and merger advisory ●Medical infrastructure planning ●Government approvals and regulatory liaison By connecting healthcare operators, investors, and infrastructure developers, the company plays a critical role in enabling the development of healthcare facilities where they are needed most. Structuring Capital for Growth In large-scale infrastructure and healthcare projects, access to capital is often the deciding factor between concept and execution. Recognising this, the group also provides strategic funding advisory and capital structuring solutions. The firms facilitate financial structuring across multiple channels including: ●Construction and project finance ●Loan Against Property (LAP) ●Lease rental discounting ●Bank and NBFC funding channels ●Private investor participation and equity partnerships By aligning financial structures with project feasibility, the companies ensure that real estate and healthcare developments are not only visionary but also financially sustainable. A Partnership-Driven Approach At a time when industries are becoming increasingly complex, successful projects rely on collaboration, transparency, and strategic alignment. The philosophy guiding SG Promoters and Vichaaro Health Integrators is built on long-term relationships rather than short-term transactions. Their approach focuses on: Strong industry and investor networks Cross-sector expertise in real estate and healthcare Transparent documentation and compliance End-to-end advisory support Long-term partnership development This commitment ensures that every project benefits from structured planning, disciplined execution, and sustainable growth. Shaping Tomorrow’s Infrastructure India’s growth story is not only about expanding skylines—it is about building institutions and infrastructure that improve lives. Companies that integrate real estate expertise, healthcare vision, and financial strategy will play a defining role in shaping the country’s next chapter of development. Through their integrated approach, SG Promoters and Vichaaro Health Integrators are positioning themselves as catalysts for this transformation—connecting opportunities, enabling partnerships, and building projects designed to endure for generations. Building Relationships. Creating Futures. Enabling Growth. Dinesh Jaikumar Bothra Managing Director SG Promoters & Real Estate Consultant Vichaaro Health Integrators Pvt.Ltd. sgpromotersrealestate@gmail.com info@vichaaro-hi.com +91 80877 15247 /020-4721 5080

GST Notices in Real Estate, Are You Prepared? In the recent regulatory environment, the real estate sector has become a key focus area for GST authorities, driven by increased data analytics, system-based scrutiny, and cross-verification with external databases such as RERA, Income Tax, and financial statements. Builders and developers must clearly understand that GST compliance is no longer a procedural requirement—it is a risk management function impacting cash flow, project profitability, and legal exposure. Key Areas Where Builders Are Receiving Notices: 1. Mismatch in GST Returns (GSTR-1 vs GSTR-3B) Authorities are actively tracking differences between outward supplies reported and tax actually paid. Even minor mismatches can trigger notices. Even timing differences or amendment errors are leading to automated notices under Section 61 / 73 / 74 Impact: Demand for tax, interest, and penalty. 2. Incorrect GST Rate Application Confusion between 1%, 5%, and 18% GST rates—especially in cases of affordable housing, commercial units, and mixed projects—is a common issue. Impact: Short payment of GST leading to retrospective liability. 3. ITC Reversal on Unsold Inventory (Critical Area) As per Notification No. 03/2019-CTR and Rule 42 & 43 of CGST Rules ITC attributable to unsold units at the time of OC (Completion Certificate) must be reversed. Many builders fail to correctly reverse Input Tax Credit (ITC) related to unsold units at the time of completion certificate (OC). Impact: Significant tax liability arises at project completion stage, when cash inflow is already reduced 4. Non-Compliance under Reverse Charge Mechanism (RCM) RCM on unregistered purchases and development rights (JDA transactions) is often overlooked. Impact: Hidden liabilities identified during assessment. 5. Data Mismatch with RERA and Books Differences in revenue recognition between GST returns, financial statements, and RERA filings are increasingly being scrutinized. Impact: Detailed audits and extended litigation. Why Builders Need to Act Proactively? A common mistake observed is that builders respond to notices only after receiving them, rather than focusing on preventive compliance. In today’s environment, departmental systems are fully data-driven, and any inconsistency is quickly flagged. Therefore, waiting for notice is no longer a strategy—it is a risk. Practical Steps to Stay Prepared Builders should implement monthly reconciliation of GSTR-1, GSTR-3B, and books to avoid mismatches and notices. It is essential to conduct project-wise GST review with correct rate applicability and ensure timely ITC tracking and reversal, especially at the time of completion. Further, maintaining proper documentation (agreements, invoices, cost records) and ensuring alignment between GST returns, financial statements, and RERA disclosures is critical to reduce litigation risk and ensure smooth compliance. CA PAVAN JOSHI Chartered Accountant, P N Joshi & Co. pavan@capnjoshi.com +91 96231 22037

Tucked away in Shaniwar Peth along the Mutha River, the Omkareshwar Temple is a profound landmark of Pune’s architectural mastery and spiritual legacy. Constructed in the mid-18th century, it stands as a silent witness to the Maratha Empire’s evolution, offering a sanctuary of peace amidst the city’s modern bustle. The Foundation and Divine Treasure The temple’s origin is a blend of history and folklore. In 1736, Shivaram Bhat, the spiritual guide to the Peshwas, discovered a hidden treasure while digging a well for his home. Demonstrating immense integrity, he surrendered the gold to Peshwa Bajirao I. Impressed, the Peshwa and his brother, Chimaji Appa, contributed further funds, directing Bhat to construct a grand Shiva temple. Built between 1740 and 1760 during the reign of Nanasaheb Peshwa, the structure was raised with a deep sense of cosmic purpose. Historically, the grounds held a solemn air as a cremation site for prominent Peshwa figures. Its resilience was famously tested during the 1961 Panshet flood. While the deluge destroyed much of old Pune and submerged the sanctum, the temple’s robust stone masonry remained unshaken—a powerful symbol of endurance. A Revolutionary Hub In the late 19th century, the temple evolved into a critical clandestine base for the Indian Freedom Struggle. Secret Meetings: Hidden within the central dome is a Talim (gymnasium) where leaders like Lokmanya Tilak and Veer Savarkar met secretly to evade British surveillance. Public Defiance: The grounds became a site of resistance in 1906, when Savarkar organized a famous bonfire of foreign goods to protest colonial rule. The Craftsmanship of the Peshwa Dynasty Architecturally, Omkareshwar is a sophisticated fusion of classical Nagara elements and local Maratha design. It prioritizes a sturdy, fortress-inspired aesthetic over lavish decoration, radiating solemn authority. The Nandi Pavilion: At the entrance, worshippers encounter a colossal, finely detailed Nandi. Resting under a solid stone canopy, the bull’s massive proportions evoke immense spiritual gravity. The Ornamented Spire: A magnificent Shikhar crowns the temple, featuring intricate stucco work and carvings of Hindu deities. Its ivory-toned finish creates a striking visual contrast against the dark, aged basalt base. Cross-Cultural Corridors: A distinctive feature is the wide, pillared porch. Its arched entries and vaulted ceilings reflect the Indo-Islamic influences that permeated Maratha architecture during this era. The Heart of the Shrine: The Garbhagriha (inner sanctum) houses the sacred Shiva Lingam. Enclosed by heavy masonry, the chamber remains naturally cool and silent, providing an ideal setting for meditation. A Living Heritage Hub Today, Omkareshwar is more than a historical relic; it is a vital artery of Pune’s cultural identity. During Mahashivratri, the temple transforms into a radiant epicentre of devotion, echoing with ancient hymns. For students of history and design, it remains a definitive model of 18th-century artistry—a place where the very masonry narrates a story of enduring faith. Dr. Sudhir Ramesh Deshpande Associate Professor, SMEF’s Brick School of Architecture, Pune sudhirdeshpande@brick.edu.in +91 77760 14153

Pune Leads India’s Housing Market with Record Sales and Rising Premium Demand I am delighted to present yet another groundbreaking research report by CRE Matrix in collaboration with CREDAI Pune. The findings reaffirm Pune’s position as one of India’s most dynamic and resilient housing markets. Once again, the city has emerged as a national leader, recording the highest housing unit sales among all major metropolitan regions, with approximately 81,000 units sold. This remarkable achievement reflects not only sustained demand but also the enduring confidence that homebuyers place in Pune’s real estate ecosystem. While overall sales volumes have moderated compared to the unprecedented highs witnessed over the past three years, this recalibration has been largely concentrated within the lower and mid-income segments. In contrast, the luxury and ultra-luxury categories have continued their upward trajectory, registering consistent and encouraging growth. This trend clearly signals Pune’s gradual yet definitive transition toward premium residential living, driven by evolving buyer aspirations, lifestyle upgrades, and higher disposable incomes. The structural transformation of the market is further evident in the strong appreciation in transaction values. Over the last four years, the annual value of housing units sold has surged by an impressive 70%—from INR 37,000 crores in 2021 to INR 63,000 crores in 2025. This significant rise underscores not only the city’s economic maturity but also the increasing purchasing power of its homebuyers. Together, these indicators highlight Pune’s emergence as a premium residential hub, well-positioned for sustained and value-driven growth in the years ahead.