Pune has long been one of India’s fastest-growing urban hubs, fueled by its thriving IT corridor, educational institutions, and strong manufacturing base. However, increasing traffic congestion and limited connectivity to suburban areas have posed challenges for homebuyers and investors alike.
This is where the Pune Ring Road project emerges as a game-changer. Designed to ease travel across the city and open up new real estate corridors, this ambitious project is expected to significantly boost Pune real estate investment opportunities, especially as we approach its targeted completion in 2026.
Pune Ring Road Project Overview: Timeline, Scope, and Progress
The Pune Ring Road project, overseen by the Pune Metropolitan Region Development Authority (PMRDA), spans a massive 173 kilometers. This eight-lane expressway will seamlessly connect major highways, including the Mumbai-Pune Expressway, Pune-Solapur Highway, and Pune-Nashik Highway, enhancing access between the city’s core and its peripheral zones.
With an investment of approximately ₹26,000 crores, the project covers over 90 villages and will benefit strategic locations such as Pirangut and Hinjewadi Phase 3, areas that are rapidly gaining attention among forward-looking investors.
As of early 2024, significant progress has been made in land acquisition, and multiple segments of the expressway are already under construction. The projected Pune Ring Road completion date of 2026 is perfectly aligned with Pune’s infrastructure growth, promising to transform daily commuting and unlock new development corridors.
Pune Ring Road Project Impact on Property Prices and Trends
Infrastructure drives appreciation and Pune is no exception. Looking back, projects like the Katraj Bypass and the Mumbai-Pune Expressway led to property value spikes of 20–30% within a few years of completion. The Pune Ring Road project is expected to replicate, if not exceed, this pattern.
Real estate analysts forecast that regions along the Ring Road, particularly Pirangut and Hinjewadi Phase 3, could see property prices rise by 20–25% over the next three to five years. For investors entering the market in 2024, this represents a smart opportunity to capture pre-completion pricing and benefit from post-completion demand surges.
Notably, the Ring Road enhances not just residential investment potential but also commercial viability. As the network improves access to business hubs and industrial zones, demand for residential properties nearby will naturally escalate.
Best Places to Invest Along the Pune Ring Road Project
The Ring Road is effectively redrawing Pune’s real estate map. While established areas like Baner and Hinjewadi Phase 1 remain popular, rising prices have prompted many investors to explore emerging locations along the Pune Ring Road project.
New Hinjewadi:
Positioned close to IT parks and with ongoing infrastructure improvements, New Hinjewadi offers excellent rental potential for the growing tech workforce. As connectivity improves, the demand for well-planned housing is expected to soar.
Pirangut:
What makes Pirangut stand out is its blend of affordability and environment. With current rates averaging ₹4,000–4,500 per sq. ft., Pirangut provides spacious, eco-friendly living, while still being well-positioned for appreciation as the Ring Road nears completion.
| Location | Current Price (₹/sq. ft.) | Expected Growth Post-2026 |
| Pirangut | ₹4,000–4,500 | +20–25% |
| Hinjewadi Phase 3 | ₹6,000–6,500 | +20–25% |
With affordability today and significant upside potential tomorrow, both Pirangut and New Hinjewadi are fast becoming magnets for property investors and first-time homebuyers alike.
Pirangut and Hinjewadi: Rising Stars of the Pune Ring Road Project
Both Pirangut and Hinjewadi Phase 3 exemplify how peripheral areas can transform with the right infrastructure backing.
Pirangut, nestled amidst the Sahyadri Hills, is evolving from a quiet suburb into a well-connected residential hotspot. Once the Ring Road becomes operational, residents of Pirangut will enjoy seamless access to Hinjewadi IT Park, improving rental potential and quality of life.
Similarly, Hinjewadi Phase 3, already home to several multinational tech campuses, is poised for further expansion. The enhanced connectivity from the Pune Ring Road project will not only ease commutes but also attract new commercial developments, increasing property demand and investment appeal.
For both investors and end-users, these locations balance current affordability with future growth a rare and valuable combination in any real estate market.
Why Invest in Pelican Before the Pune Ring Road Project Completion in 2026
One of the smartest ways to capitalize on the Pune Ring Road project is to invest in residential projects that are both well-located and timed to complete alongside the Ring Road.
Pelican Pune, located near Hinjewadi Phase 3 and Pirangut, is perfectly positioned for this timing advantage. With possession slated for 2026, Pelican aligns seamlessly with the Ring Road’s projected completion.
Pelican offers:
- Zero-wastage homes designed for maximum space efficiency.
- Eco-friendly design and 70% open spaces, making it ideal for families and professionals alike.
- Strategic proximity to IT hubs and industrial corridors, promising excellent rental and resale potential.
For buyers in 2025, this means entering the market at pre-appreciation rates, with the prospect of enjoying full connectivity and enhanced value upon possession.
Secure Your Future with the Pune Ring Road Project
The Pune Ring Road project is more than a highway it’s the backbone of Pune’s future urban growth. As the city expands, localities like Pirangut and Hinjewadi Phase 3 are set to benefit from improved accessibility, increasing demand, and property value appreciation.
Market experts anticipate that integrated corridors around the Ring Road could experience price growth of 25–30% in the next five years, creating an ideal scenario for early investors.
Projects like Pelican Pune offer the perfect combination of timing, location, and design giving buyers the opportunity to secure their future in Pune’s next growth chapter.
FAQs
Q1: What is the status of Pune Ring Road land acquisition?
Over 90 villages are part of the Ring Road alignment, and land acquisition is progressing steadily with construction underway on multiple segments.
Q2: What is the latest update on the Pune Ring Road project?
As of early 2024, several phases are actively under construction, aiming for full completion by 2026.
Q3: Why is the Pune Ring Road project important for real estate investors?
It opens up new growth corridors, improves city-wide connectivity, and is expected to boost property prices by 20–30%.
Q4: What are the benefits of the Pune Ring Road project for homebuyers?
Enhanced access to IT hubs, reduced commute times, expanding social infrastructure, and excellent investment potential.
Q5: How will the Pune Ring Road project affect property prices in Pune?
Areas like Pirangut and Hinjewadi Phase 3 are projected to see 20–25% appreciation over the next few years.
Q6: When will the Pune Ring Road project be completed?
The Pune Ring Road is expected to be completed by 2026, aligning with the city’s long-term urban development plans.