Property in Koregaon Park, Pune leased by Madhu and Siddharth Chopra (Priyanka's mother and brother). Size: 4,800 sq ft. Monthly rent: ₹2.25 lakh initially, rising to ₹2.73 lakh by fifth year with 5% annual escalation. Security deposit: ₹13.5 lakh. Lock-in period: 36 months. Stamp duty: ₹39,000. Registration charges: ₹1,000. Total rental income over five years: ₹1.49 crore. Property purchased August 2017 for ₹5.6 crore. Lease registered February 2025.

Government-appointed inquiry committee headed by Additional Chief Secretary (Revenue) Vikas Kharge examined controversial 40-acre land parcel in Mundhwa, near Koregaon Park. Committee did not hold Parth Ajit Pawar (99% equity holder in M/s Amedea Enterprises) directly responsible but indicted cousin Digvijay Patil for illegal purchase of government land without authorisation. Report termed transaction "illegal and criminal".

Key findings:

• Sheetal Tejwani (power-of-attorney holder for 271 tenants) sold land without legal authority
• Assistant Sub-Registrar Ravindra Taru registered sale deed after waiving ₹21 crore in stamp duty—termed "grave irregularity"
• M/s Amedea Enterprises appealed regarding ₹20.99 crore stamp duty and ₹1.47 crore penalty
• City Survey Officer added seven individuals' names to land records under "other rights"—irregularity
• District Industries Officer issued Letter of Intent enabling stamp duty concessions under Software Technology Parks policy despite land belonging to state
• Botanical Survey of India failed to record claim in land records

Recommended actions:

• Administrative and criminal action against Haveli Tehsildar Suryakant Yeole and Assistant Sub-Registrar Ravindra Taru
• Dismissal proceedings initiated against both officials
• Police probe into M/s Amedea Enterprises finances
• Principal Secretary (Industries) to investigate District Industries Officer lapse
• State to transfer land to Botanical Survey of India after levying occupancy charges
• Stamp duty decision within two months

Madhu Chopra and Siddharth Chopra leased a 4,800 sq ft (445.9 sq m) property in Pune's Koregaon Park, registered February 2025. Monthly rent: Rs 2.25 lakh, with 5% annual escalation reaching Rs 2.73 lakh by year five. Total five-year rental: Rs 1.49 crore. Security deposit: Rs 13.5 lakh. Lock-in period: 36 months. Stamp duty: Rs 39,000. Registration fee: Rs 1,000. Property purchased August 2017 for Rs 5.6 crore. First-year yield: 4.8%, rising to 5.86% by year five. Koregaon Park average property price December 2024: Rs 17,250 per sq ft. Area saw 136 residential transactions December 2023-December 2024 worth Rs 125 crore total. Location near Kalyani Nagar and Pune Airport.

After revision of Ready Reckoner (RR) rates effective April 1, 2025, Prabhat Road and Model Colony top Pune's most expensive areas by land rates.

Land Rates (per square meter / per square foot):

• Model Colony: ₹67,490 / ₹6,270
• Erandwane: ₹55,950 / ₹5,198
• Ghorpadi: ₹45,410 / ₹4,219
• Kothrud: ₹42,420 / ₹3,941

Nandoshi and Kirkatwadi are cheapest.

Residential Apartment Prices (per square meter):

• Erandwane: ₹1,79,490
• Koregaon Park: ₹1,79,490
• Prabhat Road: ₹1,65,220
• Model Colony: ₹1,46,190
• Kothrud: ₹1,21,540

Commercial rates in Deccan (Jungli Maharaj Road to Garware Island): ₹1,30,850 per square meter.

Statewide RR rates increased 4.39% average. Pune: 4.16%. Pimpri Chinchwad: 6.69%. Ready Reckoner rates determine stamp duty, registration fees and property valuations.