The Pune Metropolitan Region Development Authority (PMRDA) has initiated active consultations with village representatives along the proposed 128 km Pune Ring Road, ensuring that local voices play a role in the project’s alignment and land acquisition. The initiative is expected to unlock significant real estate potential across peripheral areas, with ripple effects reaching fast growing corridors like Tathawade, Hinjewadi and Moshi.
Key Highlights
- Project scale: The Ring Road will connect 83 villages across Pune district, decongesting city traffic and improving connectivity to industrial hubs.
• Land acquisition: Nearly 1,900 hectares of land will be acquired, with compensation structured to balance development and farmers’ concerns.
• Market impact: Past examples show infrastructure triggers price escalations; localities near the Mumbai Pune Expressway saw land values rise by 30 to 40 percent post expansion.
• Growth corridors: The western belt including Wakad, Tathawade and Hinjewadi is expected to attract more residential and commercial investments.
Market Implications
For buyers, the Ring Road promises reduced commute times and better access to employment hubs, making suburban housing a more attractive option. Investors are likely to see appreciation opportunities as connectivity enhances liveability and demand. Developers, meanwhile, may pivot towards integrated projects catering to professionals and families looking for long term value.
In Tathawade, for instance, premium residential projects such as Miracle Group’s Imperio Towers are already attracting buyers who prioritize connectivity and modern amenities. With the Ring Road set to enhance access further, such developments are well positioned to benefit from both lifestyle demand and long term value appreciation.
