Get ready to be part of something truly extraordinary – a journey that's about to reshape Pune's landscape in ways that will leave you amazed. Picture this: a master plan unfolding, the Ring Road project, set to change not just how we get around, but also how the city thrives. It's like giving Pune a boost of energy, making it even more vibrant. Think about your daily travels – they're about to become smoother and more convenient than ever, like magic.

As we embark on this thrilling adventure, let's dive deep into why this project is a game-changer. The Ring Road isn't just about building roads; it's like weaving the city's different parts together. Imagine threads connecting neighborhoods, creating a tapestry of growth and possibilities.

This endeavor isn't just about roads – it's about creating new spaces to live, work, and connect. And guess what? You're an essential part of this narrative. Together, we're shaping Pune into a place where distances shrink, and the city's heartbeat pulses stronger, offering us a glimpse into a future where possibilities are limitless.

Pune Ring Road: History

The inception of the Pune Ring Road dates back to 2007, originating from the need to enhance connectivity across the city and its encompassing regions. Nonetheless, the progress of this endeavor hit a roadblock due to financial constraints, causing the project to be put on hold. Spanning a substantial length of 172 kilometers, the project faced obstacles until it secured much-needed financial backing.

In September 2021, a pivotal turning point was reached as the Maharashtra government allocated a substantial fund amounting to INR 26,831 crores, earmarked for a comprehensive range of expenses, encompassing both land acquisition and the subsequent construction phases of the project.

As per the Maharashtra State Road Development Corporation (MSRDC), the timeline for the completion of the Pune Ring Road project is set for 2026. This projected deadline serves as a tangible goal toward which all efforts are directed.

In a significant development, the State cabinet granted MSRDC the authorization in November 2022 to approach the Housing Urban Development Corporation (HUDCO) for a substantial loan of INR 35,629 crores. This financial maneuver is intended to facilitate the acquisition of the necessary land for the implementation of three major road development projects across the state. Among these projects, the Pune Ring Road stands out as the most financially demanding and ambitious endeavor.

The trajectory of the Pune Ring Road project has been marked by a series of milestones and challenges. Its origin in 2007 was aimed at bolstering connectivity, but financial limitations halted its progress. However, a significant breakthrough was achieved in 2021 with substantial funding from the Maharashtra government. The subsequent years will witness the concerted efforts of various stakeholders to meet the project's target completion year of 2026.

Furthermore, the project's escalated financial requirements prompted the authorization to seek a substantial loan from HUDCO, underscoring the significance of the Pune Ring Road within the larger landscape of state infrastructure projects.

Pune Ring Road: Map

Pune Ring Road: Significance

The Pune Ring Road project carries immense significance owing to its potential to effectively tackle the escalating issue of traffic congestion within the city. This proposed road offers a promising solution by establishing a well-designed bypass that circumvents the densely populated urban core. By doing so, it has the capacity to substantially mitigate the burden on the current road network, resulting in reduced travel times and an overall enhancement in safety for commuters.

The introduction of this crucial piece of infrastructure is poised to revolutionize local transportation dynamics, with far-reaching impacts on various sectors. The alleviation of traffic strain is poised to play a pivotal role in fostering economic growth. Through the seamless movement of goods and people facilitated by the Ring Road, productivity is expected to witness a noticeable upswing. Reduced transit times for goods transport can translate to cost savings for businesses, thereby boosting trade activities and contributing to economic expansion.

One of the noteworthy advantages of strategically situating the Pune Ring Road lies in its potential to stimulate development in regions that have thus far remained distant from the urban epicenter. The accessibility that the road provides can serve as a catalyst for urban sprawl, encouraging the expansion of the city's boundaries.

Simultaneously, this expansion is poised to generate opportunities for real estate development, commercial ventures, and community establishments along the route. As a result, not only will the city experience spatial growth, but these peripheral areas can also experience newfound economic vitality.

Furthermore, the ripple effects of this infrastructural undertaking extend beyond Pune's borders. The ring road's well-connected placement has the capacity to strengthen ties with neighboring regions. Enhanced connectivity can facilitate more efficient cross-regional movement, thereby fostering regional cooperation and trade.

This interconnectedness has the potential to create a network of economic hubs, ultimately contributing to the broader development of the entire area.

The Pune Ring Road project stands as a transformative endeavor that promises to alleviate congestion, spur economic progress, facilitate urban expansion, and bolster regional connectivity. Its multifaceted benefits underscore its importance as a driver of positive change for both the city and its surrounding regions.

Pune Ring Road: Phases

The envisioned route of the Pune Ring Road encompasses a comprehensive network that serves as a vital link between key motorways, notably the Pune-Nashik, Mumbai-Pune-Solapur, Pune-Ahmednagar, and Pune-Satara highways. This ambitious project aims to seamlessly integrate 29 surrounding villages into its trajectory, forging a new era of connectivity and accessibility.

The initial phase, Phase 1, outlines a strategic path that includes pivotal locations such as Theurphata, NH 9, Kesnand, Wagholi, Charholi, Bhavdi, Tulapur, Alandi, and Kelgaon. This carefully planned segment demonstrates a concerted effort to alleviate traffic congestion in crucial areas and establish smoother routes for commuters.

Advancing into Phase 2, the proposed route incorporates significant corridors like NH 50, Chimbli Moi, Nighoje, Sangurde, Shelarwadi, Chandkhed, Pachne, Pimploli, Rihe, Ghotawde, and Pirangutphata. This phase's design underscores a commitment to creating an interconnected framework that not only accommodates existing traffic flows but also anticipates future needs for expansion and development.

Phase 3 introduces an extension that encompasses Pirangutphata, Bhugaon, Chandni Chowk, Ambegaon, and Katraj. This extension underscores the project's holistic approach to connectivity, reaching out to peripheral areas and weaving them into the broader urban fabric. By doing so, the project addresses both immediate and long-term transportation demands.

Completing the comprehensive vision in Phase 4 involves strategic integration points like Ambegaon, Katraj, Mangde, Wadachi, Holkar, Wadkinaka, Ramdar, Theurphata, and NH 9. This final phase encapsulates the culmination of efforts to streamline traffic patterns, optimize travel routes, and enhance accessibility across various sectors.

The proposed route of the Pune Ring Road outlines a meticulously planned and expansive network that endeavors to unite major motorways, peripheral villages, and key areas into a harmonized system of connectivity. By orchestrating this multi-phased project, the aim is to not only mitigate congestion but also lay the foundation for a more efficient, accessible, and integrated transportation landscape for the city and its surroundings.

Pune Ring Road: Current News & Status

News:

• Recent news reports reveal that the upcoming Pune Ring Road, stretching across 172 km, is set to feature five or possibly more logistics centers, all to be constructed by the Maharashtra State Road Development Corporation (MSRDC).
• The Pune Metropolitan Region Development Authority (PMRDA) has put forth a request to the Maharashtra government, seeking a payment of INR 7,200 crore to cover the costs of acquiring land. As part of this process, the state government is expected to provide PMRDA with INR 350 crore to secure 38.62 hectares of land for a 5.4 km stretch from Solu to Wadgaon Shinde, as indicated by sources from the media. The overall estimated cost for this endeavor stands at INR 14,200 crores, encompassing both land acquisition and the construction of the road itself.
• According to officials, landowners involved in this venture are set to receive an average compensation of ₹3.7 crore per hectare. In this initial phase, the PMRDA is allocating INR 2,348.92 crores for the procurement of 618.8 hectares of land across 32 different villages.

Status:

• The process of acquiring land for the Pune Ring Road has kicked off, and it's gaining positive responses from landowners. A substantial amount of INR 250 crores has already been paid out, resulting in the acquisition of 125 acres of land. To make this happen, local authorities, led by the Collector, are actively leading the way. They're engaging in open conversations with landowners and even offering an extra incentive of 25 percent; for those who agree to the terms.
• Across the 35 villages involved in this process, there are about 16,940 people who own land. Out of these, 8030 have given their consent for the land acquisition, and 275 have already received payment for their land. Taking all factors into account, the District Collector decided to extend the deadline for landowners to decide on giving their consent until August 21, 2023. This extension was to ensure that all the necessary paperwork and details were properly organized before finalizing the ownership of the land.

Pune Ring Road: Impact on Real Estate

The upcoming Pune Ring Road is set to bring about big changes in the city's real estate scene. Pune is already growing rapidly in all directions, and the addition of this Ring Road is going to give this growth an even bigger boost, creating a lively and dynamic urban atmosphere.

Pune, known for its thriving IT industry, is seeing its real estate market expand across various areas. However, the revival of the Ring Road project is making this growth even stronger. This road is like a circle that goes around the city, and it's going to lead to the development of many new neighborhoods in different parts of the city. For example, the PMRDA (Pune Metropolitan Region Development Authority) has already started planning new neighborhoods in Mhalunge and Mann areas.

One of these neighborhoods, called Mahalunge-Mann Township, will cover an area of 700 acres, similar to the Hinjewadi IT Park. The government is planning to spend around Rs 450 crore to build the infrastructure for this ring road. They believe that this investment will lead to more than Rs 10,000 crore being generated in the next 4-5 years.

In the first phase of the ring road project, which is about 32 km long, around 15 of these new neighborhoods will be developed. These planned projects will be in areas like Avatalewadi, Wadachi Wadi, Wadki, Holkarwadi, Phursungi, Manjri Budruk, Yevalewadi, Urali Devachi, Handewadi, and Pisoli. The PMRDA has a plan to fund about a quarter of the project cost by selling land and using town planning schemes. This means that there's going to be a lot of new real estate development on the outskirts of the city.

Apart from this, the PMRDA has also announced the creation of two new neighborhoods in Holkarwadi and some new housing in Vadachiwadi and Autande Handewadi. These housing projects will cover an area of 500 acres altogether.

All this new construction is not only going to provide more choices for people looking to buy homes, but it's also going to help bring down the prices in the more expensive areas of the city like Viman Nagar, Kalyani Nagar, Koregaon Park, Kharadi, and Magarpatta.

However, the building of these new neighborhoods is not only going to give people more options for places to live, but it's also going to let them stay close to the popular parts of the city. Right now, many of the areas on the outskirts of west, northwest, and north Pune don't have the best infrastructure. However, the PMRDA is planning to invest a lot of money to fix this issue and make these areas better for living.

Top Projects in Pune West

• MJ Opera by MJ Group in Hinjewadi
• Orion by Paranjape Schemes in Hinjewadi
• Skyhigh Towers by Mittal Brothers in Hinjewadi
• Excellaa Florence by Excellaa in Pirangut
• Pelican by Skyi Developers in Pirangut
• Madhuban by NG Rathi Estate in Pirangut
• Green Avenue by Green Concept Builders & Developers in Baner
• Splendid Homes by Siddhi's Developers in Baner
• Malpani Vivanta by Malpani Group in Baner

Average Price in Hinjewadi

Average Price in Pirangut

Average Price in Baner

Top Projects in Pimpri Chinchwad

• Renuka Gulmohar by Renuka Constructions in Pimpri
• Shantivan by Saibaba Sales Pvt Ltd in Pimpri
• Bora Pride by Konark Associates in Pimpri
• Presidential Tower by Raviraj Realty in Pimple Saudagar
• S3 Lifestyle by Siddhivinayak Kohinoor Ventures in Pimple Saudagar
• Austin Oaks by Austin Realty in Pimple Saudagar
• Sahyadri Plumeria by Sahyadri Landmarks in Moshi
• Srushti Apartments by Srushti Associates in Moshi
• Horizon by Pinnacle Properties in Moshi

Average Price in Pimpri

Average Price in Pimple Saudagar

Average Price in Moshi

Top Projects in Pune East

• August Towers by Bramhacorp Limited in Wadgaon Sheri
• Samarth Nagar Phase 2 by Arihant Associates in Wadgaon Sheri
• Athena by Anshul Group in Wadgaon Sheri
• Sparkle by Skyrise Ventures LLP in Dhanori
• 29 Gold Coast by Mantra Properties in Dhanori
• Oxy Eterno by Keystone Landmark in Dhanori
• Riverdale Grand by Duville Estates in Kharadi
• Velstand by Royal Infra in Kharadi
• Eklavya Skylark by Eklavya Builders Private Limited in Kharadi

Average Price in Wadgaon Sheri

Average Price in Dhanori

Average Price in Kharadi

Top Projects in Pune South

• Vaishnavi City Phase II by Vaishnavi Group in Handewadi
• Silver Stone by Panama Sunarch Developers in Handewadi
• Rhythm County by Majestique Landmarks in Handewadi
• Kushal Sagar Vatika by Kushal Sagar Builders in Dhayari
• Birds Valley by Shivalay Associates in Dhayari
• Sai Avishkar Phase III by Suyog Anjani Avishkar Associates in Dhayari
• The Grand by Venkateshwara Construction in Ambegaon
• Lake Homes by Rays Infra in Ambegaon
• One Residency Phase 1 by Raviraj Realty in Ambegaon

Average Price in Handewadi

Average Price in Dhayari

Average Price in Ambegaon

Top Projects in Pune Center

• Perinsheri Pinnac Greens by Pinnac Group in Kothrud
• Snehshilp by Belvalkar Housing in Kothrud
• Charuhas by Joshi Buildcon Landmarks in Kothrud
• Shree Apartment by Atul Enterprises in Shivaji Nagar
• Vallabh by SRKD Landmark in Shivaji Nagar
• Prime Chintamani by Prime Priorities in Shivaji Nagar
• Antriksh Towers by Aum Cityscapes LLP in Kasba Peth
• Durga Heights by D S Associates in Kasba Peth
• Midtown One by Manav Group in Kasba Peth

Average Price in Kothrud

Average Price in Shivaji Nagar

Average Price in Kasba Peth

To conclude, the Pune Ring Road project represents a transformative force that will reshape the city's landscape and connectivity. This ambitious endeavor holds the promise of not only alleviating traffic congestion and enhancing economic growth but also creating new opportunities for real estate development. By weaving together neighborhoods and regions, this road is set to foster urban expansion, stimulate economic vitality, and forge stronger regional ties.

As the city's boundaries extend and new areas emerge, the real estate sector stands to benefit significantly from this development. The strategic placement of the Pune Ring Road will open up avenues for the creation of new neighborhoods and housing projects, addressing housing demands while also driving growth in the outskirts of the city. In this way, the road becomes more than just a physical connector – it becomes a catalyst for a dynamic real estate landscape, enabling people to be part of a well-connected and thriving urban life.