Source: The Hindu Business Line Our Bureau Pune, May 1 While two townships are already under construction in Pune, the third Metropolis, a 150-acre township is also taking shape. The township is coming up at phase III of Hin-jewadi where Blue Ridge township, a Paranjape Scheme, is also getting ready. Pegasus Properties, a joint venture between Avinash Bho-sale Group and Kumar Properties, has announced the launch of Megapolis at an investment of Rs 1,400 crore . Talking to presspersons, Mr Manish Jain, Joint Managing Director, Kumar Properties, and Mr Amit Bhosale, Director, Pegasus Properties Pvt Ltd, said the property is under construction and would be completed in the next five years. PROJECT DETAILS Mr Jain said the township would have 58 high rise towers with 21 storeys each. The options would include studios, one to five BHK (bedroom hall kitchen), and senior citizen blocks. He said the phase I, which was launched on Tuesday, would give the consumers the options of two, 2.5 and th