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Pune will get Metro in five years

Comments(2) Sub Category:Cities,Commercial Real estate,Pune,Realty News Posted On: Jun 11, 2012

Pune metroThe Maharashtra government has given the green signal for the state’s second Metro rail project in Pune after Mumbai.

An official of Maharashtra government said that in the first phase, it will connect Ramwadi-Wanaz on an elevated track at a cost of Rs 2,593 crore.

Thereafter, in the second phase, around 44 km long, and costing Rs 5,391 crore will be taken up to connect Shivaji Nagar-Hinjewadi-Deccan-Bundgarden-Swargate-Katraj-Pimpri & Chinchwad-Nigdi, which are largely industrial areas.

The entire project is expected to be completed within five years, including three years for the construction alone.

The state government also approved to set up the Pune Metro Rail Corporation (PMRC) for the mega project.

The Pune Municipal Corporation (PMC) had submitted the proposal to the state government last year for approval after getting a detailed project report from Delhi Metro Rail Corporation (DMRC).

The state government also gave an in-principle approval to a proposal for a third metro railway in the state to come up in Nagpur.

To read more real estate news:

Pune real estate will provide affordable housing project

Source: Business Today

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