$re = '/(?<=https?:\/\/(?:www\.)?)(?!www\.).+?(?=\/)/';
$str = '(http://web.archive.org/web/20080620033027/http://www.mrvc.indianrail.gov.in/overview.htm)';
$subst = "";
$result = preg_replace($re, $subst, $str);
echo "The result of the substitution is ".$result;
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php