Pune Metro to develop retail and commercial complex above Swargate station
Pune Metro will develop and operate a retail and commercial complex above the Swargate Metro station, one of Pune’s busiest transport hubs, on Public-Private Partnership (PPP) mode.
The development of Metro services is expected to boost commercial activities due to increased footfall from commuters, making the site attractive for property development, said officials.
The project at Swargate Metro station is divided into two phases. Phase 1 involves the construction of the Swargate Metro station itself and phase 2 focuses on developing a retail, shopping, and commercial complex above the station.
As part of the Pune Metro Rail Project (PMRP), Pune Metro has already constructed a bare shell structure on the designated land parcels for both phases.
According to a report by Hindustan Times, Hemant Sonawane, executive director, public relations and administration, said, “We had floated a tender in March. The tender’s closing date is July 16 and will be opened on July 18. We have not decided the base price of the bare shell. We are hoping to get a better response.”
Swargate is well-connected to areas like Hadapsar, Fursungi, Dhankawadi, and Bibwewadi. It is also a terminal point for Corridor 1 (Pimpri -Chinchwad) and has intercity and city bus terminuses operated by the Maharashtra State Road Transport Corporation (MSRTC) and Pune Mahanagar Parivahan Mahamandal Limited (PMPML).
As part of the Pune Metro Rail Project (PMRP), Pune Metro has already constructed a bare shell structure on the designated land parcels for both phases.
Hemant Sonawane, executive director, public relations and administration, said, “We had floated a tender in March. The tender’s closing date is July 16 and will be opened on July 18. We have not decided the base price of the bare shell. We are hoping to get a better response.”
Swargate is well-connected to areas like Hadapsar, Fursungi, Dhankawadi, and Bibwewadi. It is also a terminal point for Corridor 1 (Pimpri -Chinchwad) and has intercity and city bus terminuses operated by the Maharashtra State Road Transport Corporation (MSRTC) and Pune Mahanagar Parivahan Mahamandal Limited (PMPML).
