Keolis To Operate Pune Metro Hinjawadi–Shivajinagar Line

23 Sep 2025 CW Team

French transport operator Keolis will manage the third Pune Metro line connecting Hinjawadi and Shivajinagar, according to a company release. The agreement was signed between Pune IT City Metro Rail Limited (PITCMRL) and Keolis, which is headquartered in Paris.

Under the deal, Keolis will handle the maintenance of 22 Alstom-built metro trains and oversee ticketing across all 23 stations. In a notable step towards inclusivity, the company announced that the Hinjawadi–Shivajinagar corridor will be operated by an all-women fleet of metro pilots.

The 23 km metro line is being developed by the Pune Metropolitan Region Development Authority (PMRDA) under a Public-Private Partnership (PPP) model. Trial runs are already complete, with operations expected to begin by March 2026.

Integrating 23 stations, the line is expected to ease daily travel for thousands of commuters, particularly IT professionals travelling between Hinjawadi, the city’s technology hub, and central Pune.

The project is estimated to cost Rs 83.1 billion. Of this, Rs 47.9 billion will come from loans, Rs 13.1 billion from private players, Rs 12.2 billion through viability gap funding from the Union government, and Rs 906 million from the state government.

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..