Pune–Nashik Elevated Corridor to Cut Travel Time to 20 Minutes

29 Aug 2025 CW Team

Travel between Pune and Nashik is set to become dramatically faster, with a new elevated corridor reducing the journey from nearly two hours to just 20 minutes. Land acquisition for the ambitious project has already begun, offering major relief from traffic congestion on the busy route.

The 28 km elevated stretch will run from Nashik Phata to Rajgurunagar (Khed) along National Highway 60. Currently, the journey takes 1.5 to 2 hours, but the new corridor will slash travel time significantly.

To facilitate the project, land surveys and acquisitions are underway in villages such as Nanekarwadi, Medankarwadi, Waki Khurd, Waki Budruk, Chimbali, Kuruli, and Chakan. To further ease congestion in Chakan, land from Medankarwadi, Kadachi Wadi, Nanekarwadi, and Kharabwadi will be used to build alternate bypass roads.

Wider Infrastructure Push

Alongside the elevated corridor, the Pune Metropolitan Region Development Authority (PMRDA) is driving multiple infrastructure upgrades. Commissioner Dr. Yogesh Mhase has directed immediate land surveys and acquisition for road widening projects to reduce traffic pressure within the city.

Key stretches under consideration include Balewadi to Shedge Vasti, Surya Hospital to Thakar Vasti, and Nande–Man Road. Meanwhile, the much-awaited Ring Road project is progressing in phases, with surveys and acquisitions nearing completion across several sections.

A joint review meeting at PMRDA’s Aundh office brought together District Collector Jitendra Dudi, Additional Commissioner Deepak Singla, Chief Engineer Rinaz Pathan, and senior officials from NHAI, PWD, and PMC to fast-track execution.

News source: My Pune Pulse

Image source:https://www.freepressjournal.in/

Real Estate

29 Aug 2025

Gurugram Realty Firm Diverts Rs 2.05 Billion to Sri Lanka

A Gurugram-based real estate group has been accused of collecting over Rs 5 billion from homebuyers under the pretext of selling housing plots, only to divert Rs 2.05 billion of these funds to finance a hotel project in Colombo, Sri Lanka, according to a chargesheet filed by the Enforcement Directorate (ED). The case centres on Krrish Realtech and its promoter Amit Katyal, who is already under arrest in a separate money laundering case related to the railway land-for-jobs scam involving Lalu Prasad Yadav and his family.The ED’s Gurugram zonal office filed the chargesheet in July under the Pr..

TCS Signs Rs 21.3 Billion Lease in Bengaluru’s Tech Hub

Tata Consultancy Services (TCS) has finalised one of the largest commercial real estate deals in Bengaluru, securing 1.4 million sq ft of Grade-A office space in Electronic City for Rs 21.3 billion over 15 years, according to documents accessed by Propstack. The leased space spans Towers 5A and 5B at 360 Business Park, with 680,000 sq ft in Tower 5A and 720,000 sq ft in Tower 5B. The agreement entails a consolidated monthly rent of Rs 93.1 million at Rs 66.5 per sq ft, alongside a security deposit of Rs 1.12 billion.The lease, signed with developer Labzone Electronics City Pvt Ltd, includes a ..

Markolines Bags Rs 1 Billion Highway Work in Andhra

Highway infrastructure specialist Markolines Pavement Technologies announced on Wednesday that it has secured a Rs 1 billion (Rs 100 crore) order from Trans Metalite India Ltd for patch repair and maintenance works in Andhra Pradesh. The contract is set to be executed over a five-year period.The company further revealed that it has received additional orders worth nearly Rs 974.7 million in the current financial year, including two repeat contracts from Varanasi Aurangabad NH-2 Tollway Private Ltd.“As an integrated highway maintenance solutions company, we focus on delivering innovative, cus..