New Purandar Airport

The Maharashtra government is acquiring 2,823 hectares across seven villages under the Maharashtra Industrial Development Act, 1961, not the central LARR Act of 2013. That distinction matters: the MIDC Act empowers the state industrial corporation to declare the area as industrial land and proceed with compulsory acquisition independently. Once MIDC issues the acquisition notification for a survey number, any private sale executed thereafter is legally challengeable and cannot be registered without risk. All seven villages (Vanpuri, Udachiwadi, Kumbharvalan, Ekhatpur, Munjwadi, Khanwadi, and Pargaon Memane) fall entirely inside the notified 2,753-hectare industrial boundary, with a further 70 hectares from the forest department.

In a High-Power Committee meeting held on April 24, 2026, compensation was approved at approximately Rs 1.51 crore per acre. Farmers who voluntarily surrender their land receive 4 times the current market value plus 10% of developed land; those who do not volunteer proceed through the compulsory route at the base rate.

The table below shows the seven acquisition villages and their status as of mid-2026:

Land measurement across all seven villages was targeted for completion by October 2025; any plot listed for private sale inside these villages after that date carries a serious legal defect regardless of what documents the seller presents. A second risk compounds this: most agricultural land near the airport remains unconverted to NA (Non-Agricultural) status. Land without NA conversion cannot legally be used for construction under PMRDA rules. Brokers selling plots in Saswad, Jejuri, and Dive Ghat via Power of Attorney or unregistered Agreement of Sale, without a valid NA order attached, are presenting legally defective titles. MahaRERA has been actively pursuing unregistered agents operating in fringe zones like Purandar; demand a RERA-registered developer and a current NA conversion certificate before any discussion of price.

The seven acquisition villages are not purchasable. The investable corridor runs in the ring outside those boundaries, along approach roads from Pune, the Pune Outer Ring Road, and the Pune-Satara highway. The Pune ORR is the most consequential variable here: it determines which approach route serves airport traffic, and plots near the ORR junction to the airport access road carry a logical long-term premium, but only once both the ORR section and the access road are actually complete.

The table below shows micro-markets outside the acquisition zone, with the realistic land signal and primary risk at each:

Saswad is the most grounded entry point: it is the nearest established town on the approach road, active plotted development is visible, and it sits outside the acquisition boundary. The core risk is the same as across the entire corridor: a large share of land remains agricultural and unconverted. Without a valid NA order from PMRDA, any plot in Purandar taluka is legally just farmland, with no construction rights. Pune Metro Phase 2 proposes two new lines connecting to the airport, but no construction start date is confirmed. The proposed Rajewadi railway spur is in early planning only. Do not price land near either of these on infrastructure that has not reached tender stage.