Andhra Pradesh Seeks Approval for Visakhapatnam Metro

21 Nov 2024 CW Team

The Andhra Pradesh government is eagerly awaiting central clearance for the long-awaited Visakhapatnam Metro project. This ambitious urban transportation initiative aims to boost connectivity in Visakhapatnam, one of the state's key economic and commercial hubs. Once approved, the metro project will significantly enhance the city’s public transport infrastructure, addressing the growing traffic congestion and promoting eco-friendly mobility solutions.

The Visakhapatnam Metro project includes two main corridors: one extending from the city’s northern areas to the southern regions, and the other connecting crucial transport hubs within the city. Spanning a total of around 42 kilometers, the metro will provide efficient, rapid transit options to residents and visitors, reducing travel time and traffic bottlenecks.

The project has been under consideration for several years, and the state government has already completed the detailed project report (DPR) and is in discussions with various stakeholders. With central clearance, the metro will be an essential component of the city's transport network, improving access to key commercial, residential, and industrial zones.

The Visakhapatnam metro is part of a broader effort to modernize the state’s infrastructure and enhance urban mobility. Once completed, it will not only ease traffic issues but also contribute to sustainable, low-carbon transportation in the region. Furthermore, the metro system will have a significant impact on real estate growth, employment generation, and overall economic development.

The Andhra Pradesh government remains hopeful that the central authorities will expedite the clearance process, recognizing the critical role of the metro in shaping the city’s future as a smart, well-connected metropolis.

Real Estate

14 Oct 2025

CRISIL Leases Rs 6 billion Office Space in Mumbai’s Powai

CRISIL, a leading global analytics and rating agency, has signed a long-term lease worth nearly Rs 6 billion for about 250,000 sq ft of office space in Mumbai’s Powai. The lease, among the largest in the city’s commercial property segment, spans approximately 15 years.The company will occupy a new building at Hiranandani Business Park in Powai, one of Mumbai’s most premium business districts known for its modern infrastructure and connectivity. The lease, structured on a long-term model, underscores the growing demand for high-quality, large-scale office spaces from financial and knowled..

Kolte-Patil Acquires 7.5-Acre Pune Land with Rs 14 bn GDV

Kolte-Patil Developers has acquired a 7.5-acre land parcel in Pune’s western micro-market, with a projected gross development value (GDV) of around Rs 14 billion. The project will be developed as a premium residential community catering to mid and upper-income homebuyers. Located along the Baner-Balewadi corridor, the land is strategically positioned near Pune’s IT and commercial hubs. The acquisition is expected to strengthen the company’s presence in the city’s high-demand residential zones.According to the developer, the project will feature contemporary amenities and sustainab..

Norwegian Fund Invests $20 Million in IPO-Bound SAEL

SAEL, backed by global investors including TPG Rise and Norfund, operates over 20 renewable projects across India, with a total capacity exceeding 600 MW. The company has been expanding aggressively in the waste-to-energy and solar segments as part of India’s broader clean energy transition.The funds raised through this investment will help SAEL accelerate project implementation, enhance operational efficiency, and reduce carbon emissions. The partnership also reinforces Norway’s growing interest in India’s renewable energy market, which continues to attract significant foreign capi..