MAHA-Metro director Brijesh Dixit recently announced that important geotechnical data has been handed over to Nagarjuna Construction Company (NCC) to commence work for the PCMC to Range Hills stretch of the Pune Metro covering 10.5 kms. The time given to NCC for completion of work is 28 months or 2 years and 4 months. The entire stretch once built will mean superior connectivity to the outer-lying areas of Pune, and this is a big development to consider if you are one of them looking to purchase your dream home, at your dream location.

While there will be huge bottlenecks in traffic as long as construction work continues along the entire stretch from Dr. Ambedkar Chowk to the PCMC main building, the sunnier side of this is the ease of commute that comes along with it in the future. But that is the future. Now, many realty developers who have their projects lined up towards the far corners from the central areas of Pune City are looking to cash in with this promising metro project that could well push Pune real estate markets into a dizzy. Why? Simply because the ever-widening gap of frustrating travelling is going to be a thing of the past. A lot of the housing and development activity has been increased in the suburban regions of Pune City over the past couple of years, with land developers preferring to invest in open spaces to give rise to a new breed of community living – with serenity on its side and far from the hustle and bustle of the city-life. Commuters who now travel for an hour maybe more, from one end of the city to get to their workplaces will be hugely comforted by the fact that once the proposed initial Pune Metro line comes up, the distance between PCMC and Swargate could be traversed in as little as 20 minutes. And add to this mix, pilot projects in Baner and Aundh, questions are bound to come up in any investor’s mind. Such is the gravity of this situation.

It is obvious that the land prices will also be affected. With the development and the latter stages of the metro line from Vanaz to Ramawadi to also come up, it is going to be very difficult to ascertain whether prices of flats will go up or come down. Due to this, residential properties in areas like Koregaon Park and alike, it is predicted that the prices might just start to wobble. Booking a flat by deeming the economics of the present, might well be the way to go for a secure future where ROIs might begin to show. Some experts suggest in investing in land parcels along the metro line. Once the Pune metro comes up, what is sure is that your home or the place you want to get to is never going to take the amount of time it takes now. That being said, it will take some time indeed for the ambitious project to bear fruits for the citizens and investors of Pune.

While investing in a home or a land plot is always the safest and the most ROI-proof investment plan, a great strategy would be to wait, rethink and capitalise on this Metro development to make the most of this proposed initiative by the Maharashtra state government. The land and time are almost fertile for huge strides of developments in the future and with investment options galore, the zest of the moment truly demands a faster and quicker development of the Pune Metro, to keep aspirations of owning a home or investing in land plots alive and kicking.