Pune Metro Update: Maharashtra allots 5.1 hectares Land for Pune Metro’s 3rd line

Pune Metro Update: Maharashtra allots 5.1 hectares Land for Pune Metro’s 3rd line

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Date of Post: 02 Aug, 2018

Pune: 5.1 hectares land has been alloted by Maharashtra to develope 3rd Metro line in Pune. The land price is Rs 153 crore and the land has alloted as a part of the states share in cost of project.

More Information:

  • The Maharashtra cabinet has decided to allot the 5.6 hectares land in order to construct the 3rd Metro line in Pune.
  • The government land that has alloted is situated at Balewadi near Pune for the Hinjewadi-Shivajinagar stretch of Pune Metro
  • The market price of the land is Rs 153 crore and the land is being alloted as a part of the state’s share in cost of project
  • The Pune Metropolitan Region Development Authority (PMRDA) is implementing 23.33-km third Metro line from Pune’s IT hub at Hinjewadi to central Pune which worth Rs. 8,000-crore
  • It  was in queue with  land acquire strategy  with commercial possibilities and raise funds through  monetisation of land, Kiran Gitte (PMRDA metropolitan commissioner) said.
  • Already, the PMRDA has raised Rs 21 crore  through land auctions and their aim was to raise Rs 250 crore by end of the year.

To know more about recent developments of Pune Metro Rail-

21 July, 2018 : Pune Metro Update: 3rd Span of Pune Metro at Anand Nagar Completed

18 July, 2018 : Pune Metro Update: Proposal Approved for Preparation of Detailed Project Report for Two Additional Metro Routes

16 July, 2018 : Pune Metro Information Centre to start at Chhatrapati Sambhaji Park


Image Credit: Pune Metro


Author :

Deepak Kumar is a part of the content team of Rail Analysis India as a writer and analyst .
His focus is on new initiatives on the Railway Sector of India . 
Please reach us at editor@railanalysis.com for more information.


 

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