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

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

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


"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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 sectorNHAI, AITD sign MoU to promote R&D in highways

Next Story
Real Estate

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Next Story
Infrastructure Transport

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Next Story
Infrastructure Urban

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement