{"id":92,"date":"2019-06-14T07:27:24","date_gmt":"2019-06-14T07:27:24","guid":{"rendered":"http:\/\/designs-hub.in\/pp-blog\/?p=92"},"modified":"2024-01-18T14:20:28","modified_gmt":"2024-01-18T08:50:28","slug":"pune-metro-and-real-estate-growth","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/pune-metro-and-real-estate-growth\/","title":{"rendered":"Pune Metro and Real Estate Growth"},"content":{"rendered":"\n<p><em>Pune is India&#8217;s eighth-populated and Maharashtra\u2019s second-largest city after Mumbai. Pune has seen tremendous industrial growth since 2000 leading to rapid urbanization and an increase in population and people migrating for job opportunities from a different part of the country.<\/em><\/p>\n\n\n\n<!--more-->\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"800\" height=\"500\" src=\"http:\/\/designs-hub.in\/pp-blog\/wp-content\/uploads\/2019\/06\/Pune-Metro-Hinjewadi-Shivajinagar-Metro.jpg\" alt=\"\" class=\"wp-image-94\" srcset=\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2019\/06\/Pune-Metro-Hinjewadi-Shivajinagar-Metro.jpg 800w, https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2019\/06\/Pune-Metro-Hinjewadi-Shivajinagar-Metro-300x188.jpg 300w, https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2019\/06\/Pune-Metro-Hinjewadi-Shivajinagar-Metro-768x480.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption>Under construction Pune Metro<\/figcaption><\/figure>\n\n\n\n<p>With urbanization came the need for <a href=\"https:\/\/www.propertypistol.com\/blog\/mumbai-metro-infrastructure-update\/\">metro rail<\/a>. The work for the first phase of the metro began with the foundation stone laid by PM Narendra Modi on 24th December 2016 and for the third phase on 18th December 2018. <\/p>\n\n\n\n<p>Pune Metro will significantly contribute to reducing travel time by 75 percent and providing convenient and comfortable transportation in the city. Metro rail will serve as the backbone to the public transport system and will reduce traffic congestion. Fewer vehicles on the road will improve air quality, and fewer accidents will occur.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.propertypistol.com\/blog\/pune-metro-and-real-estate-growth\/#Growth_of_Real_Estate\" title=\"Growth of Real Estate\">Growth of Real Estate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.propertypistol.com\/blog\/pune-metro-and-real-estate-growth\/#Pune_Metro_will_cover\" title=\"Pune Metro will cover\">Pune Metro will cover<\/a><\/li><\/ul><\/nav><\/div>\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Growth_of_Real_Estate\"><\/span><strong>Growth of Real Estate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Pune Metro&#8217;s construction marked a progressive step towards Pune real estate growth. The upcoming metro has given way to faster release of land, finance, and other help for the residential and commercial development of real estate in Pune. Henceforth, Pune has seen a substantial increase in the launch of new projects by many developers in areas close to the metro, as many homebuyers prefer to stay close to their home and workplace. Also, many malls, entertainment options have emerged in this region, offering homebuyers lifestyle choices.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pune_Metro_will_cover\"><\/span><strong>Pune Metro will cover<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p><strong>Line 1:<\/strong> This 16.59km line will run from PCMC Building to Swargate<\/p>\n\n\n\n<p><strong>Line 2:<\/strong> This 14.66km line will run from Vanaz to Ramwadi <\/p>\n\n\n\n<p><strong>Line 3:<\/strong> This 23.33km line will run from the Rajiv Gandhi Infotech Park in Hinjewadi via Balewadi to Shivajinagar. <\/p>\n\n\n\n<p>With the Pune\nMetro&#8217;s Phase 1 and Phase 2 operating in 2021, most commercial destinations\nwill get connected by the first corridor such as Swargate, Dapodi, PCMC, and\nNigdi, as these have IT parks, special economic zones, and main government\noffices.<\/p>\n\n\n\n<p>While both metro\nLine-II and the newly introduced Line 3 will connect to major residential\nareas. Line-II connects areas of Kalyani Nagar, Mangalwar Peth, Anand Nagar,\nIdeal Colony, Kothrud, while line 3 connects the Balewadi and Shivajinagar\nresidential areas between the Hinjewadi IT parks.<\/p>\n\n\n\n<p>The combination of these three lines will have a positive effect on both commercial and residential property prices and monthly rentals in these areas as the metro&#8217;s proximity becomes a primary point of sale for developers. It is true that owning property near a metro station has its advantages in terms of valuing the property and its expected future appreciation. Overall it is the best time to invest in real estate in Pune.<\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#e0b98f;font-size:12px\"><em><strong>Disclaimer:<\/strong> The views expressed above are for informational purposes only based on industry reports and related news stories. Propertypistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pune is India&#8217;s eighth-populated and Maharashtra\u2019s second-largest city after Mumbai. Pune has seen tremendous industrial growth since 2000 leading to rapid urbanization and an increase in population and people migrating for job opportunities from a different part of the country.<\/p>\n","protected":false},"author":2,"featured_media":507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[80],"tags":[17,16,14,18],"class_list":["post-92","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-infrastructure","tag-pune-metro","tag-real-estate","tag-smart-city","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pune Metro Rail and Real Estate Growth Update- PropertyPistol Blog<\/title>\n<meta name=\"description\" content=\"Get update on Pune metro rail and real estate projects at PropertyPistol Blog\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertypistol.com\/blog\/pune-metro-and-real-estate-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pune Metro Rail and Real Estate Growth Update- PropertyPistol Blog\" \/>\n<meta property=\"og:description\" content=\"Get update on Pune metro rail and real estate projects at PropertyPistol Blog\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertypistol.com\/blog\/pune-metro-and-real-estate-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Sector Latest News, Updates &amp; 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