Pharande Spaces Launching Vaarivana - Pune's Largest First Home Villa Community at Urse Central

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Press Trust of India MUMBAI and PUNE
Last Updated : Feb 18 2019 | 4:15 PM IST

/ -- The Maharashtra State Road Development Corporation (MSRDC) has plans to sell or lease out 1,000 acres along the Mumbai-Pune Expressway. The land is valued around Rs 12,000 crore. This is planned to be done in nine or ten years to partly repay loans of around Rs 28,000 crore to nine banks which are funding the upcoming 701-km Mumbai-Nagpur super-communication highway, dubbed the state's prosperity corridor.

The project plan envisages developing land parcels flanking 2 kms on either side of the Expressway. Back in 2008, the MSRDC had carried out a study through a private consultant regarding commercial exploitation of land parcels adjoining the Mumbai-Pune Expressway. The study had recommended amusement park, townships, educational institutions, agriculture research centre, food park, golf course, truck terminal, luxury villas, IT Special Economic Zone, weekend destinations, snow park, and so on could be created.

According to the report prepared by consultant Darashaw, 23 plots were identified along the stretch on the Expressway and the immediate plan was to commercially exploit nine of them. Urse is on top of this list.

Urse has a unique locational advantage. It is at the hub of major infrastructural development projects in the vicinity - the PMRDA Ring Road, the Expressway, Pune Metro and the Virgin Hyper Loop test station all converge at Urse.

Proximity to Industrial Hubs
Education Infrastructure
High Growth Potential
Biggest Development at Urse
Vaarivana Altitude
About Pharande Spaces:

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First Published: Feb 18 2019 | 4:15 PM IST

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