NHAI to bear 80% land acquisition cost of Pune’s ring road

08 Sep 2022 CW Team

The National Highways Authority of India (NHAI) has decided to bear major part of land acquisition cost of proposed Pune’s 170-km ring road connecting highways passing through the city and diverting heavy traffic out of city.

NHAI has appealed to the Maharashtra government that as the land acquisition cost in Maharashtra is high, it will bear 80% cost of the land and the latter should share the remaining 10%.

As per the Maharashtra government’s rule, owners are getting five times more compensation than the land’s cost given for government projects. As per NHAI policy, the land cost is capped at four times.

Union minister of road transport and highways (MoRTH) Nitin Gadkari said, “As Pune’s ring road is connecting various highways, including Satara road, Solapur, Ahmednagar road, Nashik road and Pune-Mumbai expressway, it will help traffic coming from other cities to reach destination without passing through Pune city. While NHAI has decided to bear the land acquisition cost for Pune’s ring road project, the state should bear the additional expense.”

Also read:
Government won't sponsor InvITs for road sector
NHAI, AITD sign MoU to promote R&D in highways

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..