Cabinet Approves Pune Metro Phase 1 Extension for Rs.29.54 Bn

The Union Cabinet has approved the extension of Pune Metro Phase 1, which will cover a distance of 23.3 km and cost Rs.29.54 billion.

Pune MetroPhase 1 ExtensionRs2954 BnUnion CabinetMaha MetroReal Estate PuneAug 21, 2024

Cabinet Approves Pune Metro Phase 1 Extension for Rs.29.54 Bn
Real Estate Pune:The Union Cabinet has given its nod to the extension of Pune Metro Phase 1, which will cover a distance of 23.3 km and cost Rs.29.54 billion. The project is expected to be completed by 2026.

The Pune Metro Phase 1 extension will connect the city's key areas, including the airport, railway station, and major commercial hubs. The project will also include the construction of 23 stations and the procurement of 34 trains.

The approval of the Pune Metro Phase 1 extension is a significant step towards improving the city's public transportation system. The project is expected to reduce traffic congestion, promote economic growth, and enhance the quality of life for citizens.

Information
The Pune Metro project was first proposed in 2016, with the aim of providing a modern and efficient public transportation system to the city. The project has been divided into two phases, with the first phase covering a distance of 23.3 km and the second phase covering a distance of 14.9 km.

Maharashtra Metro Rail Corporation Limited (Maha Metro) is a joint venture company between the Government of India and the Government of Maharashtra. The company is responsible for the development and implementation of the Pune Metro project.

Frequently Asked Questions

What is the distance covered by the Pune Metro Phase 1 extension?

The Pune Metro Phase 1 extension will cover a distance of 23.3 km.

What is the estimated cost of the Pune Metro Phase 1 extension?

The estimated cost of the Pune Metro Phase 1 extension is Rs.29.54 billion.

What is the expected completion date of the Pune Metro Phase 1 extension?

The Pune Metro Phase 1 extension is expected to be completed by 2026.

How many stations will be constructed as part of the Pune Metro Phase 1 extension?

23 stations will be constructed as part of the Pune Metro Phase 1 extension.

How many trains will be procured for the Pune Metro Phase 1 extension?

34 trains will be procured for the Pune Metro Phase 1 extension.

Related News Articles

Unlock Instant Property Valuation for 50,000 Projects Across 30 Cities with PropWorth
real estate news

Unlock Instant Property Valuation for 50,000 Projects Across 30 Cities with PropWorth

Magicbricks' advanced machine learning-powered tool PropWorth provides accurate property valuations for apartments, independent houses, and villas across 30 cities

July 9, 2024
Read Article
Real Estate Continues to Dominate as Top Investment Choice in India: FICCI-Anarock Survey
Real Estate Pune

Real Estate Continues to Dominate as Top Investment Choice in India: FICCI-Anarock Survey

A recent survey by FICCI and Anarock reveals that real estate remains the most preferred asset class for investment among Indians, with 59% of respondents across 14 cities favoring it.

October 21, 2024
Read Article
Revitalizing Suburbs: Developers Transform Old Housing Societies with Redevelopment
real estate news

Revitalizing Suburbs: Developers Transform Old Housing Societies with Redevelopment

Real estate firms are offering lucrative incentives to homeowners in older, low-rise housing societies, leading to a significant transformation in suburban areas. From chawls to modern high-rises, the change is bringing newfound prosperity to residents.

November 18, 2024
Read Article
Rate Cuts Likely to Enhance Home Affordability Over the Next 12 Months
real estate news

Rate Cuts Likely to Enhance Home Affordability Over the Next 12 Months

NEW DELHI: India's residential real estate market is poised to witness a significant boost in affordability over the next 12 months, driven by anticipated rate cuts and other economic factors.

November 28, 2024
Read Article
Kalpesh Mehta: The Indian Real Estate Tycoon Tied to Donald Trump
real estate news

Kalpesh Mehta: The Indian Real Estate Tycoon Tied to Donald Trump

Kalpesh Mehta, the founder of Tribeca Developers, made headlines when he attended Donald Trump's pre-inauguration celebrations in Washington. Here's a closer look at his journey and achievements in the real estate industry.

January 19, 2025
Read Article
Japanese Man Buys 200 Abandoned Homes, Now Earns Over Rs 7 Crore in Rent
Real Estate

Japanese Man Buys 200 Abandoned Homes, Now Earns Over Rs 7 Crore in Rent

Hayato's innovative approach to real estate investment and his unwavering dedication have transformed abandoned homes into a lucrative rental business.

January 25, 2025
Read Article