PUNE: Well-known developer Vimal Kumar Jain (63) and four others died on the spot when a speeding water tanker rammed into his Mercedes car after hitting a motorcycle at Nigdi on the Pune-Mumbai highway around 2.30 pm on Tuesday. Jain, who is the director of real estate development firm Kumar Properties, was on his way to Mumbai for some work with real-estate broker Sampat Ingle (48) of Walvekarnagar and citybased builder Shreeram Sapre (50).

Jain's younger brother, Lalit Kumar Jain, is the chairman of Kumar Urban Development Limited (formerly Kumar Builders) and the president of the Confederation of Real Estate Developers Associations of India (Credai). According to the Nigdi police, the tanker was coming to Pimpri from Dehu road when the driver, Uttam Kamble (26), lost control on the on the Madhukar Pavale overbridge.
Read more
31 Replies
Sort by :Filter by :
  • Originally Posted by Punehousehunter
    Check the following article. it says anybody trying to make profit out of the land (where 45 nirvana hills project is ongoing) suffers from tragedy or loss


    Interesting stuff... this is called ill-gotten wealth...snatch the land free and build a scheme, become rich and then die like a dog on the road...
    Hope, pawar and company are too involved in this...