PCMC-Nigdi metro route Greenlit, Swargate-Katraj route under scrutiny
RAILWAYS & METRO RAIL

PCMC-Nigdi metro route Greenlit, Swargate-Katraj route under scrutiny

While the Pimpri-Chinchwad Municipal Corporation (PCMC) to Nigdi metro route has received approval from the Public Investment Board (PIB), the Swargate to Katraj metro route, which is planned to be underground, is currently undergoing PIB scrutiny and is expected to take more time for approval. The estimated cost for the PCMC to Nigdi elevated metro route stands at Rs 9.1 billion, while the Swargate to Katraj underground metro route is projected to cost Rs36.63 billion.

Shravan Hardikar, the Managing Director of Maha-Metro, informed, "We recently presented the PCMC to Nigdi extended metro route to the PIB. The PIB will now prepare meeting minutes and recommend it to the Ministry of Housing and Urban Affairs (MoHUA). Subsequently, MoHUA will issue an official notification. The process is in its final stages."

Regarding the Swargate to Katraj metro route, Hardikar explained, "We have submitted a proposal to MoHUA, which is currently under scrutiny. Afterward, it will be forwarded to the PIB. Given the higher estimated cost, the proposal will be presented to the union cabinet for final approval."

In the meantime, Maha-Metro has plans to complete the Ruby Hall Clinic to Ramwadi stretch within the next few months. Simultaneously, the Civil Court to Swargate stretch is in its final stages and is expected to be completed by December. Hemant Sonawane, the Executive Director of Maha-Metro, anticipates that both extensions will be fully operational by the end of the year.

"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."

While the Pimpri-Chinchwad Municipal Corporation (PCMC) to Nigdi metro route has received approval from the Public Investment Board (PIB), the Swargate to Katraj metro route, which is planned to be underground, is currently undergoing PIB scrutiny and is expected to take more time for approval. The estimated cost for the PCMC to Nigdi elevated metro route stands at Rs 9.1 billion, while the Swargate to Katraj underground metro route is projected to cost Rs36.63 billion.Shravan Hardikar, the Managing Director of Maha-Metro, informed, We recently presented the PCMC to Nigdi extended metro route to the PIB. The PIB will now prepare meeting minutes and recommend it to the Ministry of Housing and Urban Affairs (MoHUA). Subsequently, MoHUA will issue an official notification. The process is in its final stages.Regarding the Swargate to Katraj metro route, Hardikar explained, We have submitted a proposal to MoHUA, which is currently under scrutiny. Afterward, it will be forwarded to the PIB. Given the higher estimated cost, the proposal will be presented to the union cabinet for final approval.In the meantime, Maha-Metro has plans to complete the Ruby Hall Clinic to Ramwadi stretch within the next few months. Simultaneously, the Civil Court to Swargate stretch is in its final stages and is expected to be completed by December. Hemant Sonawane, the Executive Director of Maha-Metro, anticipates that both extensions will be fully operational by the end of the year.

Next Story
Real Estate

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..

Next Story
Real Estate

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..

Next Story
Infrastructure Urban

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement