India, Sept. 12 -- Pune municipal commissioner Naval Kishore Ram has indicated his intent to take "bold decisions" to unlock the revenue-generating potential of Pune Municipal Corporation (PMC)-owned properties particularly amenity spaces that remain underutilised or mismanaged.

Citing PMC's growing financial burden, Ram said, "We maintain nearly a thousand civic properties and spend close to Rs.4,000 crore annually, but barely recover Rs.2,000 crore. That's a broken revenue model. Take the auditorium in Yerawada, one of the finest in the state where we charge just Rs.1,000 for public use. To maintain it, we pay Rs.2,000 a day. Similar stories exist across our entire inventory." He lamented that public properties in Pune are being grossl...