
PE investments in Indian real estate reached USD 3.4 billion

L&T Seeks to Sell Hyderabad Metro Stake Amid Financial Losses
Infrastructure major Larsen & Toubro Limited (L&T) has expressed its intention to sell its stake, exceeding 90 per cent, in the L&T Hyderabad Metro Rail project to either the state or central government through a new Special Purpose Vehicle (SPV), citing operational and accumulated losses.In a letter addressed to the Ministry of Housing and Urban Affairs (MoHUA), L&T Metro Rail stated that despite repeated follow-ups, the Telangana government has not provided the expected financial assistance. The delay is worsening the financial distress of the concessionaire, making the situa..

Ixigo Launches Delhi Metro Ticketing on Its Trains App
Online travel aggregator (OTA) ixigo has partnered with the Delhi Metro Rail Corporation (DMRC) and the Open Network for Digital Commerce (ONDC) to launch Delhi Metro ticketing on the ixigo Trains app on 12 September.As part of the collaboration, ixigo Trains now offers QR-based metro tickets with in-app payments. Users can plan and book end-to-end journeys across trains, buses, flights, hotels and now metro services on a single platform.The DMRC operates nearly 400 km of network across more than a dozen lines, making it India’s largest and busiest metro system. In August 2025, it recorded i..

Mumbai’s Metro Line 3 Nears Completion After Safety Inspection
Mumbai’s first fully underground metro line, Mumbai Metro Line 3, has moved closer to becoming fully operational as the Commissioner of Metro Railway Safety (CMRS) initiated the inspection of the last section of the Aqua Line, spanning from Worli to Cuffe Parade, on 12 September.Once this section receives safety clearance from CMRS, the entire Mumbai Metro Line 3 will be opened for passengers. According to officials, the inspection report is expected to be finalised by next week, after which the commission will conduct a final verification. Once the remaining 10.99 km stretch is approved, pa..