Outer Ring Road Project to Feature 14 Entry/Exit Points

02 Dec 2024 CW Team

The much-anticipated Outer Ring Road (ORR) project in Kerala’s capital is set to progress, with the National Highways Authority of India (NHAI) preparing to issue a 3(a) notification for the acquisition of approximately 314.209 hectares of land. Official sources indicate the notification will be issued within days, marking a key step in advancing the project. Under the revised plan approved by the central government, the ORR will include two trumpet interchanges at its endpoints in Vizhinjam and Navaikulam. These interchanges aim to ease congestion and ensure smooth traffic flow, particularly at junctions linked to National Highways and major roads. The ORR will also feature 14 strategically placed entry and exit points to enhance connectivity and reduce accidents. “The widened entry and exit points will ensure vehicles can merge with or leave traffic seamlessly, minimising disruptions,” said an NHAI official. Additional land will be acquired in Vizhinjam and Navaikulam to accommodate the trumpet interchanges. Once the 3(a) notification is issued, a 21-day period will allow for objections, followed by hearings and surveys to finalise the affected areas. A 3D notification will then be issued to complete the land acquisition process. The ORR is part of the Capital Region Development Programme II (CRDP) and is crucial for facilitating smoother transportation to the upcoming Vizhinjam port. The state government has allocated Rs 16.29 billion for the project. Meanwhile, families impacted by the ORR project have announced a protest march and dharna at the Public Works Department (PWD) minister’s residence. They are demanding fair replacement value for their properties and the immediate disbursal of compensation. (New Indian Express)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..