Pune on the Fast Track: Ring Road and Purandar Airport Set to Redefine the City’s Future
Pune on the Fast Track: Ring Road and Purandar Airport Set to Redefine the City’s Future
Pune is entering a new phase of growth as two large infrastructure projects begin to reshape the city’s outskirts. The proposed Purandar International Airport and the Pune Ring Road are emerging as major growth drivers, influencing where people live, work, and invest.
Both projects are expected to leave a long-term impact on the city’s layout. Land acquisition for the airport has moved forward, while work on the circular Ring Road is progressing steadily. Together, they are opening up fresh development corridors and improving connectivity between established areas and emerging suburbs.
This momentum is clearly visible in the housing market. Areas such as Ambegaon, Hinjewadi, Moshi, Chakan, Chikhli, Pirangut, and Wagholi are seeing strong buyer interest. Compared to last year, housing demand has risen by over 15 percent in Hinjewadi and more than 13 percent in Ambegaon. Property prices have also climbed sharply over the past three years, with Wagholi recording an increase of around 82 percent, Hinjewadi nearly 45 percent, and Moshi about 37 percent. Homes priced between ₹50 lakh and ₹1 crore continue to be the most preferred choice.
Neighbourhoods closer to the proposed airport site are witnessing similar traction. Kondhwa, Hadapsar, Fursungi, Handewadi, Pisoli, Saswad, Shewalwadi, and Undri have seen a rise in new residential projects. Since land acquisition began for the airport, housing demand has grown by about 15.5 percent in Kondhwa and 14 percent in Fursungi. Property rates in Fursungi have moved from roughly ₹4,773 per square foot in 2023 to around ₹6,217 today, while Hadapsar has crossed the ₹10,000 per square foot mark. Rental demand has also increased in key localities such as Hinjewadi, Kharadi, Wakad, Baner, Kothrud, Viman Nagar, Hadapsar, Wagholi, Balewadi, Punawale, Magarpatta, and Amanora Park.
Public transport is playing a growing role in this expansion. Housing demand along metro corridors is rising as buyers prefer homes with easy access to metro stations. With additional metro lines planned, the network is expected to further support Pune’s outward growth.
The long-pending Purandar Airport project has recently gained fresh momentum. Farmers and landowners from seven villages in Purandar taluka have been approached, and officials say around 94 to 96 percent have given their consent, removing a major hurdle.
Chief Minister has underlined the airport’s importance, stating that it will boost industrial development, strengthen passenger and cargo services, and could increase Pune district’s GDP by nearly 2 percent. He has also held discussions with village representatives, assuring them of fair and maximum possible compensation.
While the project initially faced resistance over compensation and relocation concerns, negotiations have helped ease tensions. Some farmers have sought higher compensation, additional benefits, and other support measures. Authorities are now working on final packages aimed at ensuring equitable treatment for all affected families.
Pune District Collector Jitendra Dudi has said the airport site is well-suited for construction, with favourable soil conditions and no major challenges such as hill cutting or river diversion. Once work begins, the airport could be completed within three to three-and-a-half years.
Land acquisition is expected to conclude next year, after which construction will begin. With continued assurances on compensation and progress on key infrastructure, Pune’s growth story appears set to accelerate in the years ahead.
