Locality Profile

Pune: Town planning scheme to propel real estate

Admin on Feb 15th, 2019

The Pune Municipal Corporation’s (PMC’s) approval on the new town planning scheme is not only expected to decongest the prime areas of the city and augment the intra-city connectivity but boost the real estate growth as well.

Following the footsteps of Pune Metropolitan Region Development Authority (PMRDA) that announced the Mahalunge-Maan town planning Town planning schemescheme in proximity to the western IT hub of the city Hinjewadi, the Pune Municipal Corporation (PMC) has also approved three town planning schemes in the city, particularly in the outlying areas of Phursungi and Uruli Devachi.
The focus of the scheme is to develop a hassle-free commutation network in the city through a thoughtfully designed ‘Outer Ring Road’ (ORR).
Earlier, PMRDA was supposed to be the principal planner of the scheme; however, since Uruli Devachi and Phursungi have been brought under PMC’s dominion, the latter authority will also play a vital role in the execution of the project.

The Pune town planning scheme
“To tackle the chaotic traffic conditions on the Nagar Road (East Pune) that remains choc-a-block with the vehicular rush to and from the prominent IT hubs of Kharadi, Viman Nagar, and Magarpatta, the PMC will develop a ring road along the micro-markets of Phursungi and Uruli Pune ring road mapDevachi. The 33 km stretch will be developed to connect Pune-Satara Highway and Nagar Road Highway,” avers Dipu Chaki, a city-based realty agent from VS Properties. The development will be a part of 128 km-long and 110 m-wide ring road that is envisioned to be a smart, sustainable and future-ready solution to the city’s burgeoning vehicular traffic.
The purpose of the ORR will be to divert the traffic to other cities, letting them bypass Pune. Not only it will improve the connectivity to important areas of the city but would considerably reduce the vehicular congestion in the city, too.
“The planned Pune ring road will be a connectivity hub that will ensure a signal free and hassle-free commutation network and will comprise a walkway, bikeway, pedestrian subway, and two-way service road, along with a metro corridor. A unique and first-of-its-kind connectivity hub has been contemplated along with carefully designed junctions that will attract commercial investment and boost the realty growth around it,” shares, Kishan Agrawal, Managing Director, Network Ventures, Pune