The Pune Metropolitan Region Development Authority will develop the proposed eight-lane 128 km ring road as an economic corridor for Pune and Pimpri Chinchwad, with nearly 20 town planning schemes in the pipeline. To this end, the PMRDA is promoting residential and commercial ventures as a part of these town planning schemes, and hopes to thus fund the estimated Rs.17,500 crore ring road project.
Bids for the detailed project report for these schemes will be floated on Monday. The schemes will comprise 40% infrastructure work [roads, open spaces and other amenities], while 60% will be devoted to residential, corporate or industrial hubs.
“The PMRDA will emulate the Gujarat model wherein we will develop infrastructure for certain cluster areas and then rope in investors who will take it forward. We are looking at both residential and commercial investors.We are eyeing 18-20 such clusters. These schemes will be individually cleared by the government,“ said PMRDA chief Kiran Gitte.
As an added incentive, PMRDA is planning premium FSI or TDR to develop these clusters. “We are in talks with various IT companies and corporates as well as realtors to come forward. Once the DPR is ready we have a better idea to reach out to realtors. The development will be done in a phased manner.The first phase will have areas connecting Solapur Road, Ahmednagar Road and Satara Road -a 60 km stretch,“ Gitte added.
With national highways being connected, Kataria added, the central government could also give the state some funds for this project which is bound to create a lot of employment.
Guardian minister Girish Bapat conducted a meeting to review the progress of development projects in the PMRDA region, and called for the removal of encroachments on government land.The meeting addressed the filling of more than 80 vacancies, and creating additional posts for the metro and ring road projects. The meeting was attended by principal secretary UDD Nitin Kareer, principal secretary (revenue) Manukumar Srivastav and PMRDA chief Gitte.