PCMC Seeks Compensation from Maharashtra Government for Permanent Land Transfer to Maha Metro
Pimpri Chinchwad Municipal Corporation (PCMC) has written to the Maharashtra State Government seeking compensation for providing land to Maha Metro, which is obstructing the extension of the Purple Line towards Nigdi.
Pune MetroPcmcMaha MetroMaharashtra GovernmentLand TransferReal Estate PuneAug 20, 2024
In the letter, PCMC stated that appropriate compensation should be provided for the previously given 10 prime locations and the 15 additional locations that are to be allocated for the Nigdi extension. They have emphasized that these locations should only be transferred, and ownership granted if the compensation is provided.
The Metro currently operates over a 7.5-kilometre stretch from Dapodi to the PCMC Building in the city of Pimpri Chinchwad. For these works, the PCMC contributed ₹287.7 crores to Maha Metro. Now, the extension of the Metro from the PCMC Building to Nigdi is underway. For this extension, Maha Metro requires 15 locations, totalling 4,886 square meters. Maha Metro is pushing to acquire these locations permanently.
In 2018, the PCMC provided 10 prime locations to Maha Metro for parking and other Metro facilities on a 30-year rental basis. However, these locations have since been “eyed” by both Maha Metro and the Maharashtra State Government. The Maharashtra Government argues that to make the Metro project financially viable, it needs additional support. The government suggests that utilizing these spaces for commercial development is essential for raising funds.
Considering this, the Maharashtra Government has now decided to allocate PCMC-owned spaces to the metro for commercial use without any conditions, aiming to increase non-ticket revenue and enhance the financial stability of Pune Metro. However, the Land and Estates Department of PCMC cannot permanently transfer these ten locations to Metro without compensation.
Avinash Shinde, Assistant Municipal Commissioner of the Land and Estates Department, PCMC, stated that Maha Metro should provide proper compensation to PCMC for the spaces. A letter has been sent to the Maharashtra Government, indicating that the spaces should only be transferred to Metro with ownership rights and without conditions after adequate compensation is provided.
:
Pimpri Chinchwad Municipal Corporation (PCMC) is a municipal corporation in the state of Maharashtra, India. It is responsible for the development and maintenance of the city of Pimpri Chinchwad.
Maha Metro is a rapid transit system in the city of Pune, Maharashtra, India. It is operated by the Maharashtra Metro Rail Corporation Limited (MAHA-METRO).
Frequently Asked Questions
Why is PCMC seeking compensation from the Maharashtra Government?
PCMC is seeking compensation for providing land to Maha Metro, which is obstructing the extension of the Purple Line towards Nigdi.
How much land is required for the extension of the Metro from PCMC Building to Nigdi?
Maha Metro requires 15 locations, totalling 4,886 square meters, for the extension of the Metro from PCMC Building to Nigdi.
What is the current status of the Metro project in Pimpri Chinchwad?
The Metro currently operates over a 7.5-kilometre stretch from Dapodi to the PCMC Building in the city of Pimpri Chinchwad.
Why is the Maharashtra Government allocating PCMC-owned spaces to the metro for commercial use?
The Maharashtra Government is allocating PCMC-owned spaces to the metro for commercial use to increase non-ticket revenue and enhance the financial stability of Pune Metro.
What is the stance of PCMC on the transfer of land to Maha Metro?
PCMC has stated that the land should only be transferred to Maha Metro with ownership rights and without conditions after adequate compensation is provided.
Related News Articles
Revamping Office Towers: The Future of Hybrid Working
As companies adopt hybrid working, office towers are getting a radical makeover. Canary Wharf Group's redevelopment plan transforms HSBC's HQ into a multi-use building, incorporating workspaces, leisure, entertainment, education, and cultural attractions.
Signature Global's Net Debt Increases by 4% in Q2 to Rs 1,020 Crore; Eyes Strong Housing Market
Signature Global, a leading real estate firm, has reported a 4% increase in its net debt to Rs 1,020 crore in the second quarter of the fiscal year. Despite this, the company is optimistic about the strong housing demand and is looking to capitalize on ma
Maharashtra State Government Ensures Educational Staff Salaries Before Diwali
Pune, 25th October 2024: The Maharashtra State Government has taken a significant step by clearing the salaries of educational staff in all Zilla Parishad-recognized and aided educational institutions, agricultural and non-agricultural universities, ensur
Pune Real Estate Market: Lodha Group Acquires 2.82-Acre Land for ₹110 Crore in Hinjawadi
Mumbai-based real estate developer Macrotech Developers, commonly known as Lodha Group, has made a significant acquisition by purchasing a 2.82-acre land parcel in the Hinjawadi area of Pune for ₹110 crore. This move underscores the growing interest and i
BJP Victory in Maharashtra: A Relief for Adani's $3 Billion Dharavi Project
For Gautam Adani, who is currently facing bribery charges in a US court, the BJP's victory in Maharashtra could provide a crucial breather for his ambitious $3 billion Dharavi redevelopment project.
MahaRERA Sends Notices to 11,000 Lapsed Housing Projects in Maharashtra
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken stern action by issuing notices to over 11,000 lapsed housing projects across the state. This move is aimed at ensuring transparency and accountability in the real estate sector.