Rs 1.40 Billion Initiative for Katraj-Kondhwa Road Land Acquisition

11 Jul 2024 CW Team

The state government has allocated Rs 1.40 billion to acquire land for widening the Katraj-Kondhwa Road, sparking renewed optimism for the project's advancement. Earlier, the Pune Municipal Corporation (PMC) had encountered difficulties in the project when most landowners insisted on cash compensation. A senior civic official noted that limited funds had hindered PMC from promptly acquiring the land, thereby delaying the project's progress.

Previously, PMC had aimed to complete the road by March 2025 but faced challenges due to financial constraints. The state government had earlier sanctioned Rs 2 billion, of which PMC has already utilized around Rs 480 million. The Katraj-Kondhwa Road encompasses areas such as Rajas Society, Khadi Machine Chowk, and the newly merged Pisoli area. Commuters, frustrated by the delays, urged the civic body to expedite work on the stretch.

Residents, like Rucha Joshi from Bibvewadi, highlighted the severity of commuting issues on Katraj-Kondhwa Road, worsened during monsoons due to potholes and heavy vehicle traffic. Citizens also pointed out problems such as the incomplete Katraj flyover and illegal autorickshaw stands and encroachments, exacerbating traffic congestion.

Rohit Narra, a commuter, emphasized the impact of delayed infrastructure projects like the flyover, which was intended to improve traffic management. Traffic police officer Chandrakant Pisal attributed irregular traffic conditions in Katraj to overpopulation and a high volume of PMPML buses. Despite these challenges, Pisal assured efforts to regulate traffic amidst increasing daily congestion.

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..