India, Nov. 6 -- The Pune Municipal Corporation (PMC) will hand over 665 square metres of land in Dhankawadi to Maha-Metro for the construction of the Padmavati metro station along the underground Swargate-Katraj corridor. In return, Rs.2.31 crore, twice the assessed value of the land, will be adjusted against Maha-Metro's financial liabilities to the civic body.

The proposal was approved by the PMC's city improvement committee at its November 3 meeting and further recommended to the civic general body for final approval; said committee chairman Shrinath Bhimale.

The land is reserved for a truck terminal bearing survey numbers 19 A/4 A and B in Dhankawadi. Maha-Metro had earlier sought the plot for the proposed station. The land has an ...