Maharashtra Clears Ownership Rights for Maha Metro on 2.1 Lakh Sq. Metres

In a major policy shift, the Maharashtra government has approved the conversion of 2.1 lakh square metres of leasehold land into freehold ownership for Maha Metro. This move is expected to bolster commercial development around metro corridors in Pune, Nagpur, and Pimpri-Chinchwad, according to senior state officials.

Previously allotted on a 30-year lease, the land will now be handed over unconditionally to Maha Metro, the government-backed agency responsible for metro projects outside Mumbai. The approval, which was finalized in the last week of April, enables the agency to monetise the land through ventures like affordable housing, hospitals, and educational institutions.

Location-Wise Breakdown of Land Transfer

A total of 2,10,755 square metres is being converted to ownership:

• Pune: 1,43,916 sq. m
• Nagpur: 46,841 sq. m
• Pimpri-Chinchwad: 19,998 sq. m

According to the official breakdown, Maha Metro will receive land from multiple civic bodies:

• Nagpur Municipal Corporation: 8 plots
• Nagpur Improvement Trust: 12 plots
• Pune Municipal Corporation: 20 plots
• Pimpri-Chinchwad Municipal Corporation: 8 plots

Strategic Move to Ensure Project Viability

A senior official highlighted that the step was crucial for Maha Metro to sustain its operational and loan repayment obligations, especially those linked to international funding for its Phase 1 projects in Pune and Nagpur. With fare collection covering only half of the operational revenue, the rest must be generated through transit-oriented commercial development.

A Maha Metro spokesperson noted that this transition would allow for walk-to-work housing, hospitals, and employment-generating educational infrastructure like skill development centres near metro stations—thus enhancing urban efficiency and livability.

Disclaimer: The information in this article is based on official statements and publicly available data at the time of publication. Ghar.tv does not take responsibility for any changes or developments that may occur after this date. Readers are advised to verify independently before making any investment or legal decisions.