Pune Metro Line 3 Drives 25% Property Value Surge Along New Route
The accelerated construction of Metro Line 3 connecting Hinjewadi to Civil Court has led to unprecedented property value increases, with areas within 500 meters of stations seeing 25-30% appreciation.
Metro Construction Ahead of Schedule
Pune Metro Rail Corporation Limited (PMRCL) announced that Metro Line 3 construction is progressing 15% ahead of schedule, with commercial operations expected to begin by December 2024. This development has triggered a real estate boom along the 23-kilometer corridor.
Strategic Stations Drive Maximum Impact
Properties near Balewadi High Street, Baner Road, and Shivajinagar stations have recorded the highest appreciation rates. Real estate experts predict these areas will continue to outperform the market as connectivity improves accessibility to IT corridors and commercial centers.
Investment Opportunities
Early investors who purchased properties along the metro route in 2022 are already seeing returns of 20-25%. Market analysts recommend focusing on areas near upcoming stations like University of Pune and Deccan Queen stations for future growth potential.
Future Projections
Real estate consultancy firms project that property values along the metro corridor will appreciate by an additional 15-20% annually over the next three years, making it one of Pune's most attractive investment destinations.