CMDA to develop 18 MRTS stations

01 Nov 2022 CW Team

According to I Jeyakumar, special officer of the Chennai Unified Metropolitan Transport Authority (CUMTA)The merger of the Mass Rapid Transit System (MRTS) and Chennai Metro Rail Ltd. (CMRL) will take place in two stages.

The Chennai Metropolitan Development Authority (CMDA) will handle commercial development of all 18 MRTS stations and the surrounding 500-metre radius in the first stage, while Indian Railways will handle operation and maintenance. According to Jeyakumar, the next stage will be CMRL's complete takeover of MRTS.

This follows Southern Railway's in-principle approval to hand over MRTS to Chennai Metro on May 11 during a meeting presided over by Chief Secretary Irai Anbu.“We will develop the stations and areas around them, as well as office spaces and business centres,” said Jeyakumar. “Most of these stations are in remote locations. We wanted to improve the environment. An MoU was drafted and is with the housing and urban development department,” he added.

“Once we get the in-principle clearance, CMDA and the State government will sign an MoU with Indian Railways,” he said, adding CUMTA is conducting a study on the real estate potential and facilities at all MRTS stations. “We will map everything and come out with a detailed project report,” he said. It is learnt that CMDA will go for an open tender for commercial development of all stations. This will take approximately 24 months.

Real Estate

13 Feb 2026

Reliance MET City Launches Metropolis Project In Haryana

Reliance MET City (RMC) has launched Metropolis, an integrated mixed-use project in Haryana that is expected to redefine the regional urban landscape. RMC said the development will combine residential, commercial and leisure components to meet rising demand for organised urban spaces. The project has been positioned to benefit from existing and planned transport links and municipal infrastructure, and aligns with regional plans for sustainable urbanisation. Company representatives framed the initiative as part of a broader expansion strategy in northern India. The Metropolis project will inco..

Radiance Renewables Raises 100 Million Dollars for Expansion

Eversource-backed Radiance Renewables has secured 100 million dollars (100 mn dollars) in funding from Impact Fund Denmark and FMO to support its expansion. The investment will bolster the company's capital base and enable acceleration of project development and deployment. Radiance Renewables is positioning itself to scale its renewable energy portfolio and strengthen operational capabilities. The funding round reflects growing investor appetite for climate-focused infrastructure. Impact Fund Denmark and FMO are established impact investors that channel capital into sustainable energy projec..

Temasek-led Consortium in Talks for Rs 15 bn Pre-IPO Round

A Temasek-led consortium is in advanced talks to invest Rs 15 billion (Rs 15 bn) in Clean Max Enviro Energy in a pre-initial public offering funding round, according to people familiar with the matter. The prospective financing is intended to provide capital for operational expansion and to strengthen the company's balance sheet ahead of a planned public listing. The discussions reflect continued investor appetite for renewable energy platforms in the region. Clean Max Enviro Energy is a renewable energy developer that provides sustainable power solutions to commercial and industrial customer..