Pune Metro to Develop Commercial Complex at Swargate
The Pune Metro Rail Corporation Limited (PMRCL) is planning to build a commercial complex at Swargate, as part of its strategy to maximize revenue generation through its real estate assets.
Pune MetroSwargateCommercial ComplexReal EstateInfrastructureReal Estate PuneJul 16, 2024
The commercial complex will be built on a large parcel of land owned by PMRCL at Swargate, a bustling hub in Pune. The project is expected to attract a large number of businesses, including offices, retail outlets, and restaurants. The commercial complex will also have amenities such as parking, food courts, and entertainment facilities, making it a sought-after destination in Pune.
The project is expected to be completed within the next two years, and PMRCL is expected to earn significant revenue from the sale and lease of commercial space in the complex.
Frequently Asked Questions
What is the location of the commercial complex?
The commercial complex will be built at Swargate, a bustling hub in Pune.
What is the purpose of the commercial complex?
The commercial complex will generate revenue for PMRCL through the sale and lease of commercial space.
What amenities will be available in the commercial complex?
The commercial complex will have amenities such as parking, food courts, and entertainment facilities.
When is the project expected to be completed?
The project is expected to be completed within the next two years.
What is the significance of the project?
The project is significant as it will generate revenue for PMRCL and provide a sought-after destination in Pune.
Related News Articles
Election Season Slows Down New Housing Supply in Top Indian Cities
The ongoing general elections have led to a 13% dip in new housing supply across nine major Indian cities, with Pune and Hyderabad being the worst affected.
Bank of Maharashtra Sees Significant Profit Surge in Q1FY25, Stock Jumps 7%
The public sector bank reported a 46.6% year-on-year rise in profit after tax, leading to a surge in its stock price.
Abhinandan Lodha Extends Its Presence to Six New Cities with ₹3000 Crore Investment
The House of Abhinandan Lodha is making significant moves by expanding its footprint into six new cities, planning to invest ₹3000 crore in plotted development projects.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Devendra Fadnavis Poised for Third Term as Maharashtra Chief Minister
Devendra Fadnavis has been unanimously elected as the leader of the Maharashtra BJP, paving the way for his third term as chief minister. The coalition's strong performance in the recent assembly elections ensures a solid majority for the new government.
Union Budget 2025 Allocates ₹699 Crore for Pune Metro and ₹230 Crore for Mula Mutha River Rejuvenation
The Union Budget 2025 has announced significant allocations for Pune, with ₹699 crore for the Pune Metro and ₹230 crore for the Mula Mutha River Rejuvenation project. Reactions from Punekars have been mixed, ranging from appreciation to disappointment ove