The Pune Ring Road's Western Phase land acquisition is expected to provide a much-needed boost to stressed real estate projects in the region.
Pune Ring RoadLand AcquisitionStressed Real Estate ProjectsAsset Reconstruction CompaniesInfrastructure DevelopmentReal Estate PuneJun 14, 2024
The land acquisition process is expected to be completed by the end of June.
The completion of the land acquisition process is expected to provide a much-needed boost to stressed real estate projects in the region, enabling developers to complete their projects and hand over possession to buyers.
ARCs invest in stressed assets, including real estate projects, and work with developers and lenders to recover their investments and provide relief to stressed projects.
The Pune Ring Road's Western Phase is a critical infrastructure project that aims to decongest the city's traffic and improve connectivity between key locations.
The land acquisition process has been slow due to various reasons, including disputes over land valuation and compensation to affected parties.
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