Pune Metro Project - A Real estate Boom -Or Death of Genuine buyer

Pune Metro Project 2015 : Be Aware Pune home Buyer :

A Brief Introduction on Pune Metro Plan:

The preparation of detaled project report work was undertaken by the Delhi Metro Rail Corporation and they submitted their report on 15 August 2008. It was approved by the Pune Municipal Corporation (PMC) on 15 October 2008 and by the Government of Maharashtra on 31 December 2008. Pune Metro Rail Corporation (PMRC), a special purpose vehicle (SPV) for the project, was formed on 15 January 2009. The DMRC's final draft report expects that Phase I could be completed by 2014-2015.

About 64,435 hectare land is required for the project.

The standing committee of the Pune Municipal Corporation (PMC) approved the detailed project report (DPR) for the metro rail project and forwarded the same to the state government for approval, requesting that the DPR also be sent to the centre so that a financial provision could be made for the project in the Union budget. The committee also accepted recommendations of imposing cess on new vehicles and surcharge on fuel to raise funds for the metro project.

Download Complete Analysis Exclusive PMC DPR Report  (PDF File 82MB)

“The standing committee has approved the 31.59-kmlong metro line one, which includes phase 1 from Pimpri-Chinchwad to Swargate via the Agriculture college to the Pune Municipal Corporation and phase 2 from Chinchwad to Nigdi and Swargate to Katraj. The total cost, excluding tax and land price, expected for this line is about Rs 6,000 crore. 

Phase	Line	Terminals		Length (km)	Opening date
Phase I	Line 1	Chinchwad	Swargate	16.59	2015
	Line 2	Vanaz	Ramwadi	14.93	2015
Phase II	Line 3	Deccan Gymkhana	Bund Garden	11	2021
	Line 4	ASI	Hinjawadi	18	2021

Phase I

The two routes that have been identified for the first phase are:

1. Vanaz - Ramwadi, via Deccan Gymkhana, Yerwada (14.9 km, elevated)
2. Chinchwad - Pimpri - Swargate, via Agriculture college (16.5 km, elevated/underground from Range Hills)

Line 1:First line of Pune Metro will run from Pimpri-Chinchwad to Swargate. This line will be elevated till Range Hills and then will be underground up to Swargate. This line will be further extended to Nigdi and Katraj / Hadapsar. This route will go via Bhosari, Khadki and Shivajinagar

Pune metro rail route PCMC

Line 2: It will connect Ramwadi to Vanaz via Mangalwar Peth and Deccan Gymkhana. The line will be 15km long and elevated. It is expected to cost 2,593 crore.

This line will further be extended up Viman Nagar / Kharadi and Lohegaon Airport.

Route map of Pune Metro Phase -1

Next Phase expansion plans:

Phase II

Second phase of the project will contain two lines and the extension of first phase:

1. ASI to Hinjawadi via Aundh (18 km elevated)
2. Deccan Gymkhana to Bund Garden Via Swargate and Race Course (11 km under ground)
3. Extension of lines from Pimpri-Chinchwad to Nigdi and Swargate to Katraj (11.5 km elevated)
4. Extension of lines from Aundh to Hinjawadi and Ramwadi to Kharadi Naka (13 km elevated)
5. Extension of lines from Ramwadi to Viman Nagar Airport (elevated)                                     Future Expansion

The following routes and extensions have been proposed:

1. Agriculture college - Warje via JM road and Karve road (9 km elevated)
2. Extension from Bund Garden to Vishrantwadi (under ground)
3. Extension from Race Course to Hadapsar (Elevated)
4. Link from Bhosari to Moshi to link with Moshi-Chakan-new Pune international airport metro line. (Elevated)

Work of Metro is decided to start from 2015.

Current Approval Article :

Economic times Coverage:(click to open in new window)

Times of India coverage:

I have the complete  Metro Rail Plan with route plans in PDF format. I will share it in next article.

In my search to find out why and how builders in pune are increasing the price , I can across a common term used by builders is " Future Development of the area and surrounding". To support this they immediately point out at the upcoming DP road around the area.

But Have you thought what would be the senario when they start saying "our site is close to an upcoming Pune metro station". I have no doubt this could be an benchmak in pune real estate price trend which could be incread in double fold. I wont be surpised if a 700 sqt flat would start from 1crore in city and 70-80 lac around pune.