Head of Hyderabad Metro: DPRs for phase-II are under consideration

07 Feb 2022 CW Team

Hyderabad metro is one among the world’s largest PPP project in the metro sector. Under the stewardship of NVS Reddy, Managing Director, Hyderabad Metro Rail Ltd, the project was successfully commissioned in November 2017. In an interview with CW, Reddy shares more on project, related challenges and policy changes during execution, lessons learnt and much more…

What sets Hyderabad Metro apart among similar urban rail transit projects in the country?
Hyderabad Metro Rail project is a paradigm shift in building Urban Mass Transit Systems with alternate sources of financing. It is the world’s largest Metro Rail project built in the PPP mode. Barring a handful of projects, almost all the Urban Transit systems across the globe are built with government finances. However, out of about Rs 22,000 crore CAPEX on the 69 km Hyderabad Metro Rail project, 90 per cent of it has been raised by the private sector Concessionaire L&T Metro Rail (Hyderabad) Ltd (L&TMRHL) – a first in the world. A lot of financial and engineering innovation has gone into the making of this project with broad-based performance specifications providing the necessary leeway for the concessionaire to incorporate state-of-the-art technology. Further, it is not a simple mass transit project, but is used as an opportunity to facilitate redesigning of an Indian city as a people-friendly green city.

What challenges were faced when the project was changed over to the PPP implementation model after initially having been conceptualised as a purely government-funded project…

Click here to read more on…

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..