PMRDA Land Acquisition for Inner Ring Road's First Phase to Conclude Soon

07 Feb 2025 CW Team

The Pune Metropolitan Region Development Authority (PMRDA) is making significant progress in its plan to construct an inner ring road aimed at alleviating traffic congestion in Pune. The land acquisition for the first phase, covering a 4.7 km stretch from Solu to Vadgaon Shinde, is set to conclude in the next three to four months. This project marks an important step in easing traffic congestion across the city's urban areas.

The inner ring road, part of a larger initiative by the state government, is designed to divert traffic from congested city roads, connecting highways directly to major areas. Spanning 83.12 km, the road will provide a faster and smoother route, particularly benefiting Nagar Road, which experiences heavy congestion during peak hours.

The project will require approximately 743.41 hectares of land across 44 villages in the Khed, Haveli, Mulshi, and Maval talukas. At a cost of Rs 14,200 crore, it will include vital infrastructure such as 17 bridges, 10 tunnels, and provisions for future metro tracks. The project’s land acquisition process had faced delays last year due to the state assembly elections but is now proceeding rapidly.

Joint measurements for the first phase have been completed, and the valuation process is currently underway. Compensation has already been paid for part of the land, and approximately 30% of the Rs 113 crore allocated for land acquisition has been deposited. The land acquisition process uses advanced technology, including drones, to ensure accuracy and speed.

Once completed, the first phase of the ring road will offer significant relief to Nagar Road's congestion, improving travel for residents and businesses in the area. The full project, which will cover 1,301 survey numbers in the second phase, represents a long-term investment in Pune's transport infrastructure.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..