MahaMetro planned 13 real estate projects of which six have already been sanctioned. In addition, it will construct an international standard amusement park on Krazy Castle land. These projects are spread all around the city. It will take some years before all of them are completed.
MahaMetro is banking on easy accessibility of these projects for response from potential customers.
There are several big commercial projects in offing for the city. Combined together the 11 projects are the biggest real estate project in the city whose cost runs into thousands of crores. MahaMetro property development officials are however, yet to calculate the cost of the projects.
MahaMetro will build two tallest buildings in the city — 25-storey towers — opposite Yeshwant Stadium in Dhantoli and Kasturchand Park. It will also build a 20-storey building at Zero Mile.
There are two residential projects in the pipeline. They are townships at Hingna Mount View and Mihan Metro City stations. The former is spread over an area of 15 acre. Due to height restrictions imposed by Airports Authority of India (AAI), it will have 1,200 flats and bungalows having area between 600 and 1,200 square feet. Mihan Metro City will have 2,500 tenements in the same range. Reliance Retail has already expressed desire to start a big outlet in this township.
Five more commercial projects are in the offing. They are located at Cotton Market, Santra Market, Gaddigodam, Jai Prakash Nagar and Neeri. MahaMetro has sought land from various agencies but is yet to get it.
MahaMetro had organized an investors’ conference last year to apprise real estate players about its plans. It had received good response with several major players sending their representatives.
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