PMC’s riverfront development project gains traction
Real Estate

PMC’s riverfront development project gains traction

The Pune Municipal Corporation's riverfront development project, which is modelled after the Sabarmati riverfront development project, has piqued the interest of twelve companies.

In October, tenders worth Rs 360 crore were issued for the first phase. Due to a cost increase of around Rs 2,000 crore, the project is facing opposition. Activists and environmentalists have raised concerns about the project, claiming that it could result in flooding. They also claimed that cost-escalation occurred without proper public input.

On Wednesday, the tenders were released. Work will start five years after the announcement was made.

A senior PMC associated with the project, Mangesh Dighe, told the media that the tender received a lot of positive feedback. A total of 12 companies have expressed an interest. After a fortnight, when the deadline expires, the final figure will be known. Dighe said that the tender received a lot of positive feedback. A total of 12 companies have expressed an interest. After a fortnight, when the deadline expires, the final figure will be known.

The first phase will be completed from Sangam Ghat to Bund Garden, according to the tenders. Beautification of the banks, cycle paths, and Naik Island are all part of the project. This phase also includes a boating activity. Greenery will be developed on the tracks to maintain the temperature, according to the proposal. The project will be completed in 11 phases in total.

Image Source

The Pune Municipal Corporation's riverfront development project, which is modelled after the Sabarmati riverfront development project, has piqued the interest of twelve companies. In October, tenders worth Rs 360 crore were issued for the first phase. Due to a cost increase of around Rs 2,000 crore, the project is facing opposition. Activists and environmentalists have raised concerns about the project, claiming that it could result in flooding. They also claimed that cost-escalation occurred without proper public input. On Wednesday, the tenders were released. Work will start five years after the announcement was made. A senior PMC associated with the project, Mangesh Dighe, told the media that the tender received a lot of positive feedback. A total of 12 companies have expressed an interest. After a fortnight, when the deadline expires, the final figure will be known. Dighe said that the tender received a lot of positive feedback. A total of 12 companies have expressed an interest. After a fortnight, when the deadline expires, the final figure will be known. The first phase will be completed from Sangam Ghat to Bund Garden, according to the tenders. Beautification of the banks, cycle paths, and Naik Island are all part of the project. This phase also includes a boating activity. Greenery will be developed on the tracks to maintain the temperature, according to the proposal. The project will be completed in 11 phases in total. Image Source

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 86574 75330

Join us Telegram

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back