Pune Ring Road: Route, Updates, and Impact on Real Estate

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Pune Ring Road: A Game-Changer for Connectivity & Real Estate

Pune’s much-anticipated Ring Road project is set to revolutionise urban connectivity and real estate growth. Initially conceptualised in 2007, the project gained momentum in September 2021, when the Maharashtra government approved ₹26,831 crore for the 173-km-long road. Overseen by the Maharashtra State Road Development Corporation (MSRDC), the Pune Ring Road aims to decongest the city and enhance regional transport.

Key Features of Pune Ring Road

Total Length: 173 km

Completion Deadline: December 2026

Construction Cost: ₹26,831 crore

Developing Authority: MSRDC & PMRDA

Speed Limit: 120 km/h

Land Acquisition: 1,554.64 hectares

Highways Connected: 6 major highways

Pune Ring Road Route & Connectivity

The Pune Ring Road will provide direct access to major highways, easing congestion within city limits. It connects:

Pune-Bengaluru Highway (NH-48)

Pune-Nashik Highway (NH-60)

Pune-Mumbai Highway (NH-48)

Pune-Solapur Highway (NH-65)

Pune-Ahmednagar Highway (NH-753F)

Pune-Saswad-Palkhi Marg (NH-965)

This circular expressway will create 29 emerging real estate hotspots along its route, making them prime investment areas.

Project Development Phases

The project is divided into multiple phases, ensuring smooth implementation:

1️⃣ Phase 1: Pune-Satara Road to Pune-Nashik Road (46 km)

2️⃣ Phase 2: Pune-Alandi Road to Hinjewadi Road (48 km)

3️⃣ Phase 3: Hinjewadi Road to Pune-Shivane Road (21 km)

4️⃣ Phase 4: Pune-Shivane Road to Pune-Satara Road (11 km)

Infrastructure will include:

✔ 14 multi-level interchanges

✔ 8 major bridges

✔ 17 tunnels & viaducts

✔ Service lanes & subway roads

Land Acquisition & Budget Allocation

₹11,000 crore allocated for land acquisition across 83 villages.

1,900 hectares of land to be acquired in two phases (Western & Eastern).

Compensation process initiated with ₹5.65 crore awarded to the first farmer in Urse.

PMRDA allocated ₹10,519 crore in the interim budget for land acquisition.

Construction Packages & Costs

Package 1: Solu to Soratwadi (₹3,523 crore)

Package 2: Soratwadi to Valve (₹4,495 crore)

Package 3: Urse to Solu (₹42,000 crore project package)

Package 4: 68.8 km stretch

Expected Benefits of Pune Ring Road

Reduced Traffic Congestion – Diverting intercity traffic away from Pune’s core areas.

Lower Pollution Levels – Expected 25% reduction in air & noise pollution.

Boost to Real Estate – Development of townships & commercial hubs along the corridor.

Economic Growth – Estimated ₹10,000 crore revenue generation in 4-5 years.

Affordable Housing Growth – Emerging markets in Wagholi, Vadachiwadi, Pisoli, Holkarwadi.

Real Estate Impact & Investment Opportunities

The Ring Road will boost affordable housing projects and create new commercial & logistics hubs along the route. Some emerging real estate markets include:

📍 Pimpri-Chinchwad – High demand for townships

📍 Pirangut & Shivapur – New residential projects

📍 Lonikand & Urse – Affordable housing growth

📍 Kharadi & Wagholi – IT hubs & premium housing development

With upcoming infrastructure projects like Metro, logistics hubs, and Smart City initiatives, property values along the Pune Ring Road are expected to rise significantly.

Conclusion

The Pune Ring Road is more than just a highway; it’s a transformative project that will redefine connectivity, decongest traffic, and fuel real estate growth. With a completion target of December 2026, this project will play a crucial role in Pune’s urban development, making it a prime investment hotspot.