Land acquisition for Pune inner ring road to begin with Phase 1 valuation
ROADS & HIGHWAYS

Land acquisition for Pune inner ring road to begin with Phase 1 valuation

The Pune Metropolitan Region Development Authority (PMRDA) is gearing up to initiate land acquisition for its inner ring road project, starting with the valuation process for the first phase. This phase involves a 4.7 km stretch from Solu to Vadgaon Shinde, with a budget allocation of Rs 1.13 billion for land acquisition.

According to Ashok Bhalkar, Chief Engineer at PMRDA, approximately Rs 350 million, representing 30% of the total allocation, will be deposited with the district collector's office to facilitate land acquisition for this phase. The overall project, which spans 83 km, is estimated to cost around Rs 142 billion.

The district collector's office has completed a joint survey and will now proceed with the valuation for the initial phase. Local villagers have agreed to relinquish their land for the project, which aims to alleviate congestion on Nagar Road. The detailed project report (DPR) has undergone third-party scrutiny by the College of Engineering Pune (CoEP), and the plan is set for execution.

The second phase of the ring road, which will require the acquisition of approximately 720 hectares of land, will extend from Nagar Road to Satara Road. PMRDA has already submitted a land acquisition proposal for this segment to the Pune collector's office. (TOI)

The Pune Metropolitan Region Development Authority (PMRDA) is gearing up to initiate land acquisition for its inner ring road project, starting with the valuation process for the first phase. This phase involves a 4.7 km stretch from Solu to Vadgaon Shinde, with a budget allocation of Rs 1.13 billion for land acquisition. According to Ashok Bhalkar, Chief Engineer at PMRDA, approximately Rs 350 million, representing 30% of the total allocation, will be deposited with the district collector's office to facilitate land acquisition for this phase. The overall project, which spans 83 km, is estimated to cost around Rs 142 billion. The district collector's office has completed a joint survey and will now proceed with the valuation for the initial phase. Local villagers have agreed to relinquish their land for the project, which aims to alleviate congestion on Nagar Road. The detailed project report (DPR) has undergone third-party scrutiny by the College of Engineering Pune (CoEP), and the plan is set for execution. The second phase of the ring road, which will require the acquisition of approximately 720 hectares of land, will extend from Nagar Road to Satara Road. PMRDA has already submitted a land acquisition proposal for this segment to the Pune collector's office. (TOI)

Next Story
Resources

JSW One Elevates Mayank Gupta as CFO

JSW One Platforms has elevated Mayank Gupta as Chief Financial Officer as the company strengthens its leadership team to support its next phase of growth and institutional expansion.Gupta, who earlier served as Chief Operating Officer, has played a key role in scaling the company’s integrated commerce, supply chain and finance ecosystem. In his new role, he will oversee strategic finance, treasury, governance, capital allocation and financial planning.Gaurav Sachdeva, Joint Managing Director and CEO, JSW One Platforms, said Gupta’s operational understanding and financial expertise make him..

Next Story
Infrastructure Urban

India and EU Launch 15.2 Million Euro EV Battery Recycling Initiative

India and the European Union launched a third coordinated call for proposals on the recycling of electric vehicle batteries under the India-EU Trade and Technology Council Working Group two on five May 2026, with submissions due on 15 September 2026. The initiative is aimed at securing critical raw materials and accelerating the transition to a circular economy while deepening bilateral relations. The announcement was made by officials from the Office of the Principal Scientific Adviser and the European Commission. The call has a combined funding pool of 15.2 million euros (15.2 mn euros) and ..

Next Story
Infrastructure Urban

Aptus Value Posts Strong FY26 Results And Asset Quality

Aptus Value Housing Finance India Limited on six May 2026 reported results for the quarter and year ended 31 March 2026. Assets under management (AUM) stood at Rs 131.07 bn, up 21 per cent year on year. The company said improved field execution and sustained demand supported the growth. Disbursements in the fourth quarter were Rs 12.42 bn, up 17 per cent year on year, and full year disbursements were Rs 40.09 bn, up 11 per cent. Total income for FY26 was Rs 22.46 bn, up 25 per cent, and net profit for the year was Rs 9.43 bn, a rise of 26 per cent. Quarterly net profit was Rs 2.61 bn. For the ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement