Pune Ring Road Project: Rs 35 billion sanctioned to acquire land

06 Dec 2022 CW Team

The Housing and Urban Development Corporation (HUDCO), which also approved the loan for the ring road project, has been asked for funding in the amount of Rs 35 billion, and the state government has given its in-principle approval. Government regulations state that the ring road project cannot start until 80% of the land acquisition work has been finished. According to administrative officials, the land acquisition process will go more quickly now that the funds are available.

The east and west zones of the Pune ring road project will be finished in two stages. The project will cost Rs 105.2 crore to acquire the land, and it will likely cost Rs 177.23 billion to build the ring road. The cost of construction would be taken into account later because the original cost is linked to land purchase. During an inter-ministerial group meeting in Mantralaya, a discussion about funding took place. DB Vibhute, Deputy Secretary, the Public Works Department, filed an order requesting approval for a HUDCO loan.

The state government will provide the remaining sum in addition to the approved loan. The first installment of the loan is due for repayment within eight months, per the terms and conditions of the loan. The remaining funds for the project will be obtained from other financial organisations.

Also read:
East Coast Road in TN to be widened in Rs 70 bn project
Mumbai’s western suburbs to get bulk of road upgrade funds

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..