30 Hot Deals Unlocked

Pune's transport body unlocks 30 land parcels
Ant Rozetsky/Unsplash

Our cities have a peculiar and detrimental design. Take any Indian metropolis and most downtown areas as well as close suburbs have zero land availability. 

Affordable housing, retail, healthcare and educational developments thus become financially unviable in our cities, pushing crucial, community-building real estate to far-flung suburbs where land is cheaper and more freely available.

This translates into the hardest working people, who build and operate our cities, to be treated the worst.

Pune’s Transport Body Shines

In the first week of September, the Pune Mahanagar Parivahan Mahamandal Limited (PMPML) announced that it would commercially exploit around 30 land plots it owns to increase its non-fare revenue.

This means more space for retail, offices, public conveniences and healthcare centres in the hearts of the city, where they are needed most. A proposal to this effect was passed by the board of directors of the transport body on Thursday.

“The plan will be based on the market demand. For instance, if there is a demand for a hospital in a particular area and a party is interested, the PMPML will provide its plot. The revenue-sharing model will be finalized”, quoted an official to the press. 

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