Maha Metro real estate development plans get a boost
RAILWAYS & METRO RAIL

Maha Metro real estate development plans get a boost

The Maharashtra government has granted the Maharashtra Metro Rail Corporation (MahaMetro) special planning authority status, which will allow it to control the development of land along the Metro Rail alignment in Pune and generate its own revenue. The Nagpur Metro project, for which commercial development of land has already begun, has already received SPA status from MahaMetro. Non-fare box revenues for Pune Metro are expected to be dominated by real estate development. This would strengthen the financial viability of the 33-kilometre, Rs 114.2 billion Pune Metro project, which is set to begin operations in December.

Also read:
Revenue from loading freight grew by 17%:Indian Railway
MMRDA unveils longest steel deck on Mumbai Trans Harbour Link

The Maharashtra government has granted the Maharashtra Metro Rail Corporation (MahaMetro) special planning authority status, which will allow it to control the development of land along the Metro Rail alignment in Pune and generate its own revenue. The Nagpur Metro project, for which commercial development of land has already begun, has already received SPA status from MahaMetro. Non-fare box revenues for Pune Metro are expected to be dominated by real estate development. This would strengthen the financial viability of the 33-kilometre, Rs 114.2 billion Pune Metro project, which is set to begin operations in December. Also read: Revenue from loading freight grew by 17%:Indian Railway MMRDA unveils longest steel deck on Mumbai Trans Harbour Link

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?