PMRDA to Allocate 9.7 Hectares of Land to Tata Group

10 Oct 2023 CW Team

The Pune Metropolitan Region Development Authority (PMRDA) has taken a significant step towards enhancing non-fare revenue for the forthcoming 23km elevated third Metro line running from Hinjewadi to Shivajinagar. PMRDA's Chief Engineer, Rinaj Pathan, revealed that a total of 9.7 hectares of land is set to be handed over to the concessionaire, Tata Group, for commercial development purposes.

Of this land, 4.75 hectares have already been transferred to the concessionaire in Balewadi, with an additional 5 hectares in Maan slated to be allocated in the near future. This move is expected to facilitate real estate development, akin to what has been achieved for the city's existing two Metro lines.

The proximity of this land to the elevated Metro line makes it an attractive proposition for real estate developers looking to invest in the area. A senior official from PMRDA commented, "Real estate developers can invest in the land as it will be close to the elevated line."

Anticipating a substantial boost to the construction sector along the Metro routes, executive council member of Credai-National, Shantilal Kataria, expressed optimism about the transformation of Pune's cityscape. Kataria remarked, "We can anticipate high-rises and premium properties getting developed along all the three Metro lines. Increased Floor Space Index (FSI) for developers embarking on projects along the Metro route will undoubtedly support the Metro's objectives."

The allocation of land for commercial development marks a significant milestone in the ongoing expansion and development of Pune's Metro network, with potential far-reaching impacts on the city's urban landscape.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..