Real Estate Maharashtra

Maharashtra Approves Pune Metro Phase 2, 30 km Corridor Boosts Realty

By GeoSquare News Desk · Published 2026-10-22

The Maharashtra cabinet has approved the extension of Pune Metro Phase 2, adding a 30 km corridor that will connect Hinjewadi IT hub with the city centre. The decision is expected to give a strong push to residential and commercial real estate along the route.

What this means for property buyers

Industry watchers expect property values along the corridor to appreciate by 15-20% over the next few years. Areas near proposed stations are likely to see renewed demand from IT professionals and investors looking for well-connected locations.

New supply and infrastructure

The approval is expected to accelerate new residential and commercial projects, especially in the Hinjewadi-Baner-Balewadi belt. Better metro connectivity will reduce commute time and improve rental viability for apartments and offices.

For buyers, this is a good time to track pre-launch offers and under-construction projects near the approved alignment. However, due diligence on project approvals and possession timelines remains essential.