Mandaveli Bus Depot to Become Rs 1.5 Bn Transit Hub

16 Jun 2025 CW Team

The Mandaveli Bus Depot in Chennai is set for a major transformation into a modern multimodal transit hub, with a redevelopment cost of Rs 1.51 billion. The upgraded facility will integrate metro connectivity, bus services, retail zones, and office spaces into a single complex, boosting commuter convenience and land use efficiency.

Part of Corridor 3 of the Chennai Metro Phase II expansion, the project will incorporate entry and exit points for the upcoming underground Mandaveli Metro station within the footprint of the existing depot. The design aims to streamline transit flows by including dedicated bus pick-up and drop-off bays.

The initiative is being led by Chennai Metro Asset Management Limited (CMAML), a joint venture between Chennai Metro Rail Limited (CMRL) and the Tamil Nadu Industrial Development Corporation (TIDCO). CMAML has floated tenders for the construction of the integrated development.

The proposed development spans two adjacent land parcels—0.745 acres and 0.88 acres—with built-up areas of 13,419 square metres and 15,966 square metres, respectively. Each plot will feature dual access from RK Mutt Road and nearby side streets to enhance pedestrian and vehicle movement.

The transit complex will consist of two towers. Tower A will have two basement parking levels for 184 two-wheelers and 96 four-wheelers, and seven floors of office and commercial space, including corporate offices, reception lounges, and service infrastructure. Tower B will also feature a similar basement layout, accommodating 318 two-wheelers and 96 four-wheelers, with retail outlets and essential amenities above.

As part of its sustainability goals, the project includes the installation of solar panels on the rooftop to support energy efficiency.

The redevelopment of the Mandaveli site is expected to significantly enhance the public transport experience, support transit-oriented development, and catalyse commercial activity in the surrounding neighbourhoods.

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..