MP govt approves Indore-Ujjain Metro rail project

22 Oct 2024 CW Team

Madhya Pradesh Chief Minister Mohan Yadav announced that the state government has granted in-principle approval for the Metro rail project connecting Indore and Ujjain, two key cities in the region. Additionally, a separate railway track will be laid to support the Rapid Rail project between the cities.

Yadav also confirmed ongoing efforts to strengthen all railway routes in Ujjain. The first phase of metro projects in Indore and Bhopal is currently under construction, with approvals granted for subsequent phases.

The state government has recently unveiled plans to create a new metropolitan city by merging sections of Indore, Ujjain, Dewas, and Dhar districts, aiming to transform the Malwa-Nimar region into a major economic hub. Indore, the commercial centre, will anchor the development, while Ujjain's historical trade significance, Dewas’s industrial potential, and Dhar’s agricultural strengths will contribute to the region’s growth.

After reviewing preparations for the 2028 Simhastha in Ujjain, Yadav announced the completion of the tender process for the six-lane Ujjain-Indore highway and stated that work on the Ujjain-Jaora Green Highway would commence soon.

He further outlined plans to develop Ujjain into a religious destination akin to Haridwar. This initiative includes upgrading facilities in ashrams and dharamshalas for saints and pilgrims, with additional projects such as medical and Ayurveda centres to be established with the support of devotees. (ET)

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..