Pune civic body gets DPR of Neo Metro from MahaMetro

28 Sep 2022 CW Team

Pune residents will in the near future have access to the ultra-modern, high-speed Neo Metro service throughout the city, as the Pune Municipal Corporation has received a detailed project report (DPR) of the neo metro from the Maharashtra Metro Rail Corporation Ltd (MahaMetro).

Neo Metro is a mass rapid transit system that offers affordable, environment-friendly and energy-efficient urban transportation solutions for Tier 2 and Tier 3 cities. It will travel at a speed of 90 km/h and have a carrying capacity that is three to five times greater than that of public buses.

Pune’s Neo Metro will travel a 43.84 km span of the city on an elevated platform. There will be 45 stations. The project is expected to get under way by December of this year and will be finished by 2028-2029, officials said. The project’s anticipated cost is Rs 49.40 billion.

The civic organization contacted Maha Metro about transforming the proposed High Capacity Mass Transit Route (HCMTR) into a Neo Metro project, said managing director MD Brijesh Dixit.

According to reports, the Pune project may get momentum only after the Nashik plan starts. The Union cabinet has already given its approval for the 32-km Nashik Neo Metro project. It will be the nation’s first project of its kind if it is implemented quickly.

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..