The Pune Ring Road Project is a 170-km-long, access-controlled expressway designed to decongest traffic in Pune and Pimpri-Chinchwad by diverting heavy vehicles away from the city. Conceptualized by the Maharashtra State Road Development Corporation (MSRDC) in 2007, the project faced multiple delays but is now set to begin construction in February 2025, with a completion target of June 2027.

This eight-lane expressway will significantly enhance connectivity, linking major highways and improving inter-city movement, thereby benefiting Pune's infrastructure and real estate market.

The Pune Ring Road is planned as a circular expressway around Pune, covering 29 villages and linking multiple National and State Highways.

Key Highways Connected by Pune Ring Road

1. NH-48 (Pune-Bangalore & Pune-Mumbai Highway)
2. NH-60 (Pune-Nashik Highway)
3. NH-65 (Pune-Solapur Highway)
4. NH-753F (Pune-Ahmednagar Highway)
5. NH-965 (Pune-Saswad-Palkhi Marg)

Also Read: Regional Ring Road Hyderabad: Route, Connectivity, and Real Estate Impact

The Pune Ring Road Project is divided into four phases, covering critical corridors to improve traffic flow and urban mobility in Pune.

Phase 1: Theur Phata to NH-50

• Route - Theur Phata - NH 9 - Kesnand - Wagholi - Charholi - Bhavdi - Tulapur - Alandi - Kelgaon - Chimbli - NH 50
• Progress - Land acquisition for the Western Phase is nearly complete. This section will be crucial in diverting heavy traffic from the eastern part of Pune.
• Impact - Enhances accessibility to growing suburbs and reduces congestion on arterial roads.

Phase 2: NH-50 to Pirangut Phata

• Route - NH 50 - Chimbli Moi - Nighoje - Sangurde - Shelarwadi - Chandkhed - Pachne - Pimploli - Rihe - Ghotawde - Pirangut Phata
• Progress - Connects industrial and commercial zones, facilitating the smooth movement of goods and reducing pressure on city roads.
• Impact - Boosts logistics and industrial expansion in areas like Chakan and Talegaon.

Phase 3: Pirangut Phata to Katraj

• Route - Pirangut Phata - Bhugaon - Chandni Chowk - Ambegaon - Katraj
• Progress - Links western Pune, including IT hubs and residential areas, to the expressway.
• Impact - Eases traffic flow in Baner, Chandni Chowk, and Katraj, which currently experience heavy congestion.

Phase 4: Katraj to NH-9

• Route - Ambegaon - Katraj - Mangdewadi - Wadachiwadi - Holkarwadi - Wadkinaka - Ramdara - Theur Phata - NH 9
• Progress - The final phase to complete the circular loop around Pune.
• Impact - Improves connectivity between NH-9 and NH-48, supporting residential expansion and urban development in the southern and southeastern regions of Pune.

• Six-lane expressway for high-speed transit
• Two service lanes to accommodate local traffic
• 14 subway roads to ensure smooth crossings
• 13 tunnels to pass through hilly terrain
• Four railway overpasses for uninterrupted movement

The total cost of the project is estimated at ₹17,000 crore, with funding contributions as follows:

• Central Government: 75% of the total cost
• Pune Metropolitan Region Development Authority (PMRDA): Remaining funds via Town Planning Schemes

Breakdown of Project Phases & Costs

• Phase 1: ₹3,523 crore for a 29.8 km stretch (Solu to Soratwadi)
• Phase 2: ₹4,495 crore for a 36.73 km stretch (Soratwadi to Valve)
• Phase 3: ₹5,000 crore for a 38.34 km stretch (Urse to Solu)
• Phase 4: ₹7,000 crore for a 68.8 km stretch

Additionally, the State Government has allocated ₹11,000 crore for land acquisition, and HUDCO has approved a ₹35 billion loan for the project.

• Construction work is set to begin in February 2025.
• 90% of the Western Phase land acquisition is complete, while Eastern Phase funding delays have slowed progress.
• A total of 1,900 hectares of land will be acquired, of which 1,600 hectares belong to private owners.
• Landowners will receive compensation at five times the Ready Reckoner Rate (RRR).
• PMRDA has allocated ₹113 crore for land acquisition, with 30% already deposited for compensation.
• The land acquisition process for the Eastern Phase has resumed after delays due to State elections.

The Pune Ring Road Project is expected to significantly boost the residential, commercial, and industrial real estate sectors by improving connectivity, reducing congestion, and facilitating expansion into previously undeveloped areas.

1. Residential Growth and Property Appreciation

• Emerging Real Estate Hotspots - Areas like Hinjewadi, Wagholi, Alandi, Baner, Charholi, Uruli Kanchan, and Pirangut are expected to see increased demand for housing due to improved road access.
• Property Price Growth - Experts predict 20-40% appreciation in property values over the next five years, as accessibility improves and infrastructure develops.
• Expansion of Housing Projects - Leading developers are planning townships, gated communities, and affordable housing projects near the Ring Road corridor to cater to the growing demand.
• Boost for Peripheral Areas - With easier access to IT hubs and business districts, peripheral localities will become preferred residential choices for homebuyers and investors.
• Increased Rental Demand - The influx of professionals and workers will push rental demand higher, making real estate investment along the Ring Road more lucrative.

2. Commercial and Industrial Expansion

• Growth of Retail and IT Hubs - New retail centers, shopping malls, and IT parks will emerge near major junctions of the Ring Road, creating employment hubs outside Pune's core city.
• Expansion of Warehousing and Logistics - Pune is set to become a major logistics hub, as faster transport routes will encourage businesses to set up warehouses and distribution centers along the Ring Road.
• Connectivity Boost for Industrial Zones - Chakan, Talegaon, and Moshi, which house major automobile and manufacturing plants, will benefit from improved logistics and supply chain efficiency.
• Increased Demand for Commercial Spaces - Offices, business parks, and coworking spaces will flourish along the Ring Road due to enhanced connectivity and reduced travel time.
• Boost to the Hospitality Sector - The presence of business hubs, industrial zones, and IT parks along the corridor will increase the demand for hotels, serviced apartments, and business convention centers.

Long-Term Impact on Real Estate Investment

• Strategic Investment Opportunity - Investors looking for high returns should focus on upcoming projects along the Ring Road corridor, as appreciation is expected to outpace other regions in Pune.
• Shaping Pune's Future Growth - With the city expanding outward, the Ring Road will act as a catalyst for balanced urban development, reducing pressure on Pune's existing city center and promoting satellite townships.

Despite its benefits, the Pune Ring Road Project faces certain challenges:

1. Land Acquisition Delays

• Compensation issues caused delays in the Eastern Phase.
• PMRDA has completed only 24% of land acquisition in Wagholi, Vadachiwadi, and Kadambvasti.

2. Environmental Impact

• Agricultural land loss and deforestation concerns require mitigation efforts.
• The government has proposed afforestation and eco-friendly construction measures.

3. Funding and Project Delays

• The Central Government's delay in allocating ₹2,470 crore for land purchase has slowed acquisition.
• Completion was initially set for December 2026 but has been extended to June 2027.

The Pune Ring Road Project is a transformational infrastructure initiative designed to reduce traffic congestion, enhance connectivity, and stimulate economic growth by linking key highways and industrial zones. With its expected completion in June 2027, the project will unlock significant opportunities in residential, commercial, and industrial real estate, driving property appreciation and business expansion. Investors and homebuyers should capitalize on early-stage developments, as the Ring Road corridor is set to become one of Pune's most sought-after growth regions in the coming years.