The Maharashtra Metro Rail Corporation Limited (MahaMetro) is preparing a detailed project report for the Metro-Neo service on the proposed High Capacity Mass Transit Route (HCMTR) in Pune. It will be a 36km-long elevated route with dedicated lanes for Bus Rapid Transit System (BRTS) and private vehicles. Metro-Neo will be a part of the HCMTR. MahaMetro's MD, Brijesh Dixit, informed that Metro-Neo is a cost-effective solution being implemented in Nashik. It can be constructed at one-third of the standard gauge metro rail. It does not need rails or rolling stock and saves cost by using rubber tyre based electric bus coaches that run on a slab surface on an elevated corridor. Maha Metro is already working on a 32-km Nashik Metro Neo project. It is expected to cost around ₹2,100 core compared to over ₹8,000 crore it would have cost to build the rail-based Metro.