Cabinet Clears Bangalore Metro Phase 3 with Rs.156.11 Bn Allocation

21 Aug 2024 CW Team

The Indian Cabinet has given the green light to Phase 3 of the Bangalore Metro Rail project, sanctioning a budget of ?156.11 billion. This major infrastructure initiative aims to expand the city?s metro network, addressing the growing transportation needs of Bangalore?s rapidly increasing population.

The Phase 3 expansion will introduce several new lines and extend existing ones, connecting key urban and suburban areas. This phase is expected to add significant mileage to the metro network, making it easier for residents to commute across the city. The project is designed to reduce traffic congestion, lower pollution levels, and provide a sustainable mode of transportation for Bangalore's citizens.

The allocated funds of ?156.11 billion will be used for various aspects of the project, including construction, procurement of advanced rolling stock, and implementation of modern technologies for efficient metro operations. This phase is part of the larger effort to make Bangalore a more accessible and connected city, supporting its role as a major IT and industrial hub.

Once completed, Bangalore Metro Phase 3 will enhance the city's public transport infrastructure, providing seamless connectivity and reducing travel time for daily commuters. The project is expected to have a positive impact on the city's economy and environment, further establishing Bangalore as a model for urban transportation in India. The government?s approval marks a significant milestone in the ongoing efforts to develop and modernise Bangalore?s public transportation system.

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..