Pune Metro, an ambitious project by Maharashtra Metro Rail Corporation Limited (MahaMetro), is a joint venture by the State and central government of India to promote infrastructural development in Pune. This, in turn, will boost the real estate and employment sector in the city. But, this kind of development requires sufficient availability of space.
Space was readily available in some places while some areas need to be vacated to make way for development of Metro pillars. Most of the localities were covered by slums and so, the dwellers of these vacated areas were promised compensation by the government. The compensation would be in the form of either monetary gains or rehabilitation, which would be dependent upon the total number of displaced residents. In case of monetary compensation, the amount is said to be finalized based on the total number of people willing to opt for the same. This decision was based on mutual understanding between the Slum Rehabilitation Authority (SRA) and the residents.
As per a report by the Times of India (TOI), SRA officials confirmed that a meeting was held on Wednesday, 4th of September, 2019’, to take decision about displaced dwellers and rehabilitation.
There are a total of three corridors that would be developed under the Pune Metro project. Line I, nearly 16.65 kilometres long, is said to run from Pimpri-Chinchwad to Swargate and will run across 15 other metro stations along the line. Line II, nearly 14.7 kilometres long, is said to run from Vanaz to Ramwadi (Wadgaon Sheri) and will run across 16 other metro station along its route.
Line III, connecting Hinjewadi to Swargate is nearly 23.3 kilometres along and will run across 23 metro stations along its route. It is considered to be one of the largest metro lines in Pune.
Line II is designed in a way that it will connect to both, Line I and Line III at Civil Court Station near Shivaji Nagar, Pune, which is planned as a multi-modal transport hub. Talking about Line II, it said to connect some of the key locations in Pune, namely, Vanaz Corner, Anand Nagar, Ideal Colony, Nal Stop, Deccan, J.M. Road, Civil Court, Pune Station, Bund Garden, Yerawada, Kalyani Nagar and Ramwadi.
The development of Metro Project in Pune is going to positively and negatively affect the real estate sector as well. Once the Metro Rail has been successfully implemented and will start running across the city, its impact will be felt significantly.