The Pune Ring Road was conceptualised in 2007, to boost connectivity in the city and its suburban areas. However, lack of funding had put the project on the back-burner. In September 2021, the Maharashtra government gave its approval for Rs 26,831 crores for the 173-km-long Ring Road project, including construction and land acquisition costs.

As per Maharashtra State Road Development Corporation (MSRDC) officials, the Pune ring road project is expected to be completed by December 2025.  In November 2022, the state cabinet had given approval to the MSRDC to raise a loan of Rs 35,629 crore to acquire land for three major road infrastructure projects in the state from Housing Urban Development Corporation (HUDCO). Of these three projects, the Pune ring road project will be allotted about Rs 11,000 crore for land acquisition from 83 villages in Pune district. The project work will commence in April 2023.