New Shivajinagar Bus Depot in Pune to Start Construction Soon

Pune to get a new bus depot at Shivajinagar, MLA Siddharth Shirole announces

PuneShivajinagarBus DepotMaha MetroMsrtcReal Estate PuneAug 27, 2024

New Shivajinagar Bus Depot in Pune to Start Construction Soon
Real Estate Pune:The construction of the new Shivajinagar bus depot in Pune is set to begin soon, according to MLA Siddharth Shirole. The estimated cost of the project is between ₹250 to ₹300 crore and is expected to be completed within three years.

The project, which includes a bus station, depot, parking, and staff quarters, will be developed on a Public-Private Partnership (PPP) basis. The agreement has been drafted and a final decision is anticipated within the next fifteen days.

Shirole held an extensive meeting with Shravan Hardikar, Chairman and Managing Director of Maha Metro, and Hemant Sonawane, Executive Director of Maha Metro, to review the progress of both the Shivajinagar-Hinjewadi Metro line and the construction of the new integrated complex of the Shivajinagar ST Station.

The ST Corporation has already submitted its plans to Maha Metro, and the project is set to proceed. The new complex will include the new ST bus station and will be developed within the next three years.

The current bus depot in Wakdewadi, along the Pune-Mumbai highway, has increased traffic on the already busy road and is causing inconvenience to commuters. The new depot will be built on the original location of the Shivajinagar bus depot, which was shifted to Wakdewadi after metro work began in December 2019.

Pune Metro was given one acre of land for an underground Shivajinagar metro station on the four acres owned by MSRTC. The detailed project report (DPR) is being prepared, and a tender will be floated soon.

The new bus depot is expected to bring relief to commuters and reduce traffic congestion on the Pune-Mumbai highway.

Maha Metro is a joint venture company established by the Government of India and the Government of Maharashtra to develop the metro rail project in Pune. The company is responsible for the design, construction, and operation of the metro rail system in the city.MSRTC is the Maharashtra State Road Transport Corporation, which operates bus services in the state of Maharashtra.

Frequently Asked Questions

What is the estimated cost of the new Shivajinagar bus depot project?

The estimated cost of the project is between ₹250 to ₹300 crore.

How long will it take to complete the project?

The project is expected to be completed within three years.

What is the current status of the project?

The agreement has been drafted and a final decision is anticipated within the next fifteen days.

Why was the current bus depot in Wakdewadi causing inconvenience to commuters?

The current bus depot in Wakdewadi has increased traffic on the already busy road and is causing inconvenience to commuters.

Who is responsible for the development of the metro rail project in Pune?

Maha Metro is a joint venture company established by the Government of India and the Government of Maharashtra to develop the metro rail project in Pune.

Related News Articles

India's Affordable Housing Demand to Surge to 312 Lakh Units by 2030: CII-Knight Frank Report
real estate news

India's Affordable Housing Demand to Surge to 312 Lakh Units by 2030: CII-Knight Frank Report

The cumulative demand for affordable housing in India is projected to reach 312 lakh units by 2030, with a potential market size of ₹67 trillion. The report by Confederation of Indian Industry (CII) and Knight Frank highlights the existing shortage and th

December 4, 2024
Read Article
M3M Group Achieves Major Milestone: Clears ₹2,473 Crore Debt on the Back of Strong Sales
Real Estate

M3M Group Achieves Major Milestone: Clears ₹2,473 Crore Debt on the Back of Strong Sales

In a significant development for the NCR real estate market, M3M Group has cleared a massive ₹2,473 crore debt, bringing its outstanding debt down to ₹1,302 crore. This achievement is a testament to the company's robust sales performance and its ability t

October 5, 2024
Read Article
MahaRERA Conciliation Forum: Legality Upheld Amidst Controversy
Real Estate Pune

MahaRERA Conciliation Forum: Legality Upheld Amidst Controversy

Mumbai Grahak Panchayat supports MahaRERA Conciliation Forum, citing Section 32 of RERA 2016. FPCE raises concerns over forum's legality, seeking Ministry of Housing and Urban Affairs' intervention.

September 19, 2024
Read Article
DRA Homes Sets Rs 1000 Crore Revenue Target and Signs Rashmika Mandanna
Real Estate Pune

DRA Homes Sets Rs 1000 Crore Revenue Target and Signs Rashmika Mandanna

DRA Homes, a leading real estate developer, has set a target of Rs 1,000 crore revenue by FY2026-27 and is expanding its presence in Pune and Bengaluru. The company has also roped in Rashmika Mandanna as its national brand ambassador.

December 1, 2024
Read Article
India's Real Estate Sector Surpasses China with 36 Billion-Dollar Companies
Real Estate

India's Real Estate Sector Surpasses China with 36 Billion-Dollar Companies

India's thriving real estate market has taken the lead, boasting 36 homegrown companies valued at $1 billion or more, surpassing China's 30 companies.

July 11, 2024
Read Article
Godrej Properties Achieves Milestone with Rs 1,000 Crore Sales in Pune's Godrej Evergreen Square
Real Estate Pune

Godrej Properties Achieves Milestone with Rs 1,000 Crore Sales in Pune's Godrej Evergreen Square

Godrej Properties successfully sold homes worth Rs 1,000 crore in its new project, Godrej Evergreen Square, located in Hinjewadi, Pune. Launched in November 2024, the project has set a new record for the company in terms of sales volume and value.

February 27, 2025
Read Article