HomeLatestMhalunge-Maan Town Planning Scheme Set for Approval, Boosting Development

Mhalunge-Maan Town Planning Scheme Set for Approval, Boosting Development

Mhalunge-Maan town planning scheme in Pune is poised to receive the necessary approvals and clearances for expedited execution in 2025. Initially announced by Maharashtra’s former Chief Minister Devendra Fadnavis in 2018 during the Magnetic Maharashtra Investor Summit, the project has faced delays due to the need for multiple approvals and revisions.

Sources within the Pune Metropolitan Region Development Authority (PMRDA) revealed that with Fadnavis now leading both the state government and PMRDA as the chairman, the scheme will be prioritized in upcoming meetings. This marks a significant push for the project, which has remained dormant for several years due to complications such as realignments required after flood line changes. The Mhalunge-Maan project is expected to span 250.5 hectares and will directly benefit approximately 5,800 citizens who initially gave up their land for the development. The scheme, designed based on the Gujarat model, will allot 50% of the developed land back to the original landowners. The remaining land will be developed for residential, commercial, and infrastructure purposes, complete with a well-planned road network. The project, which aims to develop the area with all necessary infrastructure, will be integrated with the larger 128km PMRDA inner ring road project. This makes the Mhalunge-Maan scheme an essential part of Pune’s urban expansion plans, particularly in terms of creating sustainable, mixed-use zones along the first 32 km stretch of the ring road. Along with Mhalunge-Maan, five other town planning projects in Wadachiwadi, Autade Handewadi, Manjari Kolwadi, and Holkarwadi are also set to be fast-tracked with support from both state and central urban infrastructure funds.

Despite the long wait, which includes changes in flood line considerations and subsequent plan revisions, the scheme’s progress is expected to accelerate with Fadnavis’ leadership. The approval of the PMRDA budget in September 2024, under Chief Minister Eknath Shinde, further paves the way for this vital project to move forward. In addition to offering infrastructure development and urban growth, the Mhalunge-Maan scheme is seen as a key revenue-generating model for the PMRDA and is set to rejuvenate areas around Pune, benefiting residents and the city’s economy.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Bengaluru Housing Demand Remains Steady Amid Unsold Stock

Bengaluru Housing Demand Remains Steady Amid Unsold Stock

0
Bengaluru’s residential market is grappling with inventory overhang even as demand fundamentals stay intact, according to the city’s planning authority. The Bengaluru Development Authority...
Mumbai Big FM Enters Real Estate With Major Ambition

Mumbai Big FM Enters Real Estate With Major Ambition

0
Mumbai-based media and entertainment group Big FM has formally entered the real estate sector, unveiling a new property development arm with an ambitious revenue...
Pune Commercial Real Estate Expands With Prime Office Deal

Pune Commercial Real Estate Expands With Prime Office Deal

0
Pune’s commercial real estate landscape received a significant institutional endorsement this week with the acquisition of a roughly 1.1 million sq ft Grade-A office...
Ahmedabad Real Estate Expands With New Project

Ahmedabad Real Estate Expands With New Project

0
Ahmedabad’s residential real estate market is gaining fresh momentum with a ₹350 crore investment commitment from a domestic developer aimed at high-end housing in...
India Real Estate Faces Gulf Slowdown Pressure

India Real Estate Faces Gulf Slowdown Pressure

0
Escalating geopolitical strife in West Asia is prompting a noticeable shift in investment sentiment among Non-Resident Indian (NRI) buyers, with early indicators showing a...