Maharashtra Clears MoU for Pune Metro Phase 2 Extensions

04 Nov 2025 CW Team

According to officials, any expenditure exceeding the approved Detailed Project Report (DPR) will require prior clearance from the State Finance Department, while additional costs will be covered through Maha-Metro’s Dedicated Urban Transport Fund.

The Phase 2 expansion, sanctioned by the Union government in July 2025, will extend the Pune Metro network by 12.75 kilometres, featuring 13 elevated stations. The total project cost is estimated at Rs 36.26 billion, to be jointly funded by the Central and State governments.

Atul Gadgil, Director (Works) at Maha-Metro, said, “Signing the tri-party agreement marks an important milestone. The state government has approved the MoU and forwarded it to the Centre for final clearance. Once approved, we will move to the next stage of fund mobilisation and consultant appointments.”

The first phase of the Pune Metro, approved in 2017 and fully operational since September 2024, covers 33.28 kilometres with 31 stations. Additionally, work is progressing on two other extensions — PCMC to Nigdi and Swargate to Katraj — which together will add over 9 kilometres to the growing network.

The new Phase 2 routes are expected to enhance connectivity across Pune’s rapidly expanding suburbs, reduce traffic congestion, and support the city’s goal of developing a sustainable, multimodal urban transport system.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Maharashtra government has approved a tripartite Memorandum of Understanding (MoU) for the Pune Metro Phase 2 extensions, connecting Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi (Vitthalwadi) (Corridor 2B). The decision, cleared on 28 October, defines the financial and operational responsibilities of all stakeholders and authorises Maha-Metro to fund the project through Transit-Oriented Development (TOD), additional Floor Space Index (FSI), and the development of government land. According to officials, any expenditure exceeding the approved Detailed Project Report (DPR) will require prior clearance from the State Finance Department, while additional costs will be covered through Maha-Metro’s Dedicated Urban Transport Fund. The Phase 2 expansion, sanctioned by the Union government in July 2025, will extend the Pune Metro network by 12.75 kilometres, featuring 13 elevated stations. The total project cost is estimated at Rs 36.26 billion, to be jointly funded by the Central and State governments. Atul Gadgil, Director (Works) at Maha-Metro, said, “Signing the tri-party agreement marks an important milestone. The state government has approved the MoU and forwarded it to the Centre for final clearance. Once approved, we will move to the next stage of fund mobilisation and consultant appointments.” The first phase of the Pune Metro, approved in 2017 and fully operational since September 2024, covers 33.28 kilometres with 31 stations. Additionally, work is progressing on two other extensions — PCMC to Nigdi and Swargate to Katraj — which together will add over 9 kilometres to the growing network. The new Phase 2 routes are expected to enhance connectivity across Pune’s rapidly expanding suburbs, reduce traffic congestion, and support the city’s goal of developing a sustainable, multimodal urban transport 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..

Real Estate

07 Jul 2026

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..

Infrastructure Urban

07 Jul 2026

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..