Jain spiritual leader Acharya Guptinandi Maharaj, who led protests against the Model Colony's Seth Hirachand Nemchand Jain hostel property deal between trustees and Gokhale Landmarks LLP, threatened to restart agitation if the deal was not scrapped within days. Senior spiritual leader Gundharnandi Maharaj said he would observe indefinite hunger strike outside the chief minister's residence if the deal was not cancelled soon. Guptinandi Maharaj demanded chief minister intervention to ensure cancellation of the deal. The trustees of Seth Hirachand Nemchand Jain hostel and Gokhale Landmarks LLP entered into a sale deed for the trust property in Model Colony. Sale deed value: Rs 230 crore.

Charity commissioner ordered cancellation of sale deed for 3.5-acre property in Model Colony belonging to Seth Hirachand Nemchand Digambar Smarak Trust (SHNST), which houses a boarding and Jain temple. Property was sold to Gokhale Landmarks LLP for ₹311 crore; ₹230 crore paid, remainder for hostel redevelopment. Commissioner revoked April 2025 order permitting the transaction and ordered trust to refund entire ₹230 crore to developer. Sale deed and power of attorney dated October 10, 2025 to be cancelled. Jain community had protested sale in Pune and other Maharashtra cities, alleging trustees violated charitable land norms. Gokhale Constructions chairman withdrew from project citing community sentiments.

Maharashtra charity commissioner ordered cancellation of sale of 3.5 acre property in Model Colony, Pune, belonging to Seth Hirachand Nemchand Digambar Smarak Trust (SHNST) to Gokhale Landmarks LLP. Property currently houses a boarding and Jain Temple. Charity commissioner revoked April 2025 order allowing SHNST to enter agreement with Gokhale Landmarks. Sale deed and power of attorney dated October 10, 2025 to be cancelled; Gokhale Landmarks to receive full refund of sale consideration. Property acquired by Gokhale Landmarks for Rs 311 crore, with Rs 230 crore paid and remaining amount for hostel redevelopment. Charity commissioner had ordered status quo on transaction last week. Jain community held protests in Pune and other Maharashtra cities alleging trustees favoured developer and violated charitable land norms. Controversy became political with allegations involving Union Minister Murlidhar Mohol, which he denied.

The proposed redevelopment project in Pune's Lokmanya Nagar has sparked outrage among residents, who allege political interference and administrative decisions are delaying the project and compromising local interests.

Resident Dr Ravindra Dattatrey Randive (resident since 2002) stated the delay stems from political involvement. Originally, flats were to be developed building-wise by resident-chosen builders. The government later decided entire construction would proceed simultaneously. Current buildings are limited to three floors; residents hoped new construction would be restricted to maximum 12 floors, but administration has allowed builders to construct buildings over 18 storeys.

Resident Sagar Avchite noted there are 52 buildings in the area, with most owners not wanting new construction. New construction will change PMC tax charges, maintenance charges, and norms; residents will face emergency access problems.

Another resident (anonymity-based) highlighted that current area rate is ₹16,000 per square foot. The local MLA shows strong interest in the project. The area's main city location is attracting builders and political lobbying.

Shiv Sena (UBT) leader Aaditya Thackeray criticised the government on X, alleging Maharashtra has become a "builder-contractor government." He questioned why the Chief Minister's Office halted redevelopment following a letter from the local MLA, suggesting an attempt to hand the land to a builder close to the ruling party under "cluster" development. Thackeray contrasted this with simultaneous Pune road digging for optic fibres, questioning whether contractors receive discounts versus municipal charges.

Developer Vishal Gokhale sent email to trustees on Sunday conveying decision to pull out of property deal between Gokhale Landmarks LLP and Seth Hirachand Nemchand Digambar Jain Boarding Trust in Model Colony, Pune. Email urged trustees to execute deed of cancellation and treat transaction as rescinded. Deal value: Rs 230 crore. Gokhale stated decision made based on request of Jain community members including existing clients and friends, in deference to their religious sentiments. Jain community protesters welcomed decision but clarified agitation would continue until deal officially cancelled. Charity Commissioner hearing scheduled for Tuesday.