Maharashtra clears Rs 23,487 cr Metro Line 11 and key transport projects

09 Sep 2025 CW Team

Mumbai, 4 September 2025: In a major infrastructure push, the Maharashtra Cabinet has approved key urban transport projects, including the Rs 23,487.51 crore Metro Line 11 connecting Anik Depot–Wadala to the Gateway of India. The line, an extension of Metro Line 4 (Wadala–Thane–Kasara–Vadavli), will feature 13 underground and one elevated station, with 70 per cent of the corridor planned underground.

The Cabinet also cleared the procurement of 238 new air-conditioned local trains under the Mumbai Urban Transport Project (MUTP) Phase III and IIIA, with Rs 4,826 crore allocated. Further, Rs 14,907 crore has been sanctioned for developing 136 km of new suburban rail corridors across Panvel–Vasai, Kasara–Asangaon and Badlapur–Karjat routes. An investment of Rs 5,100 crore has also been approved for constructing the third and fourth railway lines between Pune and Lonavala.

Additionally, the Cabinet announced a welfare measure, approving a Rs 1,000 increase in monthly assistance for beneficiaries under the Sanjay Gandhi Niradhar Yojana and Shravanbal Seva Rajya Pension Scheme. From October 2025, monthly aid will rise to Rs 2,500 for over 4.5 lakh beneficiaries under the Niradhar Yojana and 24,003 under the Shravanbal scheme.

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..