Shivajinagar Bus Stand Redevelopment Project Accelerates with Key Milestones Set

The Maharashtra government has directed officials to finalize agreements and begin construction by May 1 for the transformative public-private partnership project in Pune.

• Deputy Chief Minister Ajit Pawar chaired a review meeting emphasizing the timely completion of the Shivajinagar bus stand redevelopment project in Pune.
• The project will feature a 16-story building with a bus stand on the ground floor, parking on the first two floors, and retail and commercial spaces in a semi-basement and upper levels.
• The redevelopment will be executed under a public-private partnership (PPP) model with a 99-year lease to attract developers and optimize investment.
• Maha-Metro and MSRTC will sign a Memorandum of Understanding (MoU) next week to formalize collaboration on the project, which is expected to cost between Rs 250 crore and Rs 300 crore.
• Officials aim to hold the groundbreaking ceremony on May 1, with plans to replicate a similar integrated transport hub model at Swargate to enhance Pune's transport infrastructure.

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