PMRDA – Gets Approval of Rs 1,722 crore by CM.

By Abhay Harish Shah , Realty Quarter

The Maharashtra government Friday affirmed a Rs 1,722 crore spending plan for Pune Metropolitan Region Development Authority (PMRDA), the greater part of which will be spent on metro rail and a ring street. The choice was taken after chief minister  Devendra Fadnavis led a PMRDA meeting, alongside priests Girish Bapat and Prakash Mehta. An official explanation stated, out of Rs 1,722 crores, 23% will be spent on the metro and 33% on a ring street.

An official statement said, out of Rs 1,722 crore, 23 per cent will be spent on the metro and 33 per cent on the ring road.

The total budget for this Election year was Rs 225 crore which is more than the current financial (2018-2019), and the total allocation they had is Rs 1,497 crore. Strikingly, in the beginning, the allocations were of Rs 2,591 crore as PMRDA budget but later it was brought down by the authorities concerned.

They also reported that the houses will be constructed through a joint venture with MahaHousing which is under the Pradhan Mantri Awas Yojana (Urban). In total, they have approved for reserving 13.3 hectares of land under the scheme.

It is estimated that the work for the proposed 128km rind road will start from this year and the centre is expecting to dispense Rs 200 crore for PMRDA that will be used for various projects.

Hinjewadi-Shivajinagar Metro route land acquisition is also been approved by CM.