Telangana Government Offers L&T Two Options for Hyderabad Metro Phase-1

30 Sep 2025 CW Team

The Telangana government has proposed two solutions to L&T to resolve issues over integrating Hyderabad Metro Phase-2 with the existing network, following L&T’s objections.

The state has valued L&T’s Phase-1 equity at Rs 150 billion and offered two options: either put its stake up for sale in the open market, with the government ready to match the highest private bid, or transfer its Rs 130 billion loan to the state, which would pay the remaining Rs 2,000 crore. The proposal was forwarded to the Centre, which requested an MoU with L&T for network integration. L&T, citing ‘unreasonable issues,’ initially resisted and even threatened to exit operations, demanding the government take over Phase-1 for Rs 200 billion—a demand rejected by the Chief Minister.

L&T holds equity in Phase-1, covering 69 km across three corridors, and is a key operator. The state plans to expand Metro under Phase-2 as a joint venture with the Union government at a cost of Rs 240 billion, covering five corridors spanning 76.4 km. The expansion is expected to triple daily ridership from five lakh to 15 lakh, helping offset L&T’s current annual losses of Rs 6 billion.

Officials noted that prior delays in soft loan disbursements and underutilisation of allocated commercial land contributed to Phase-1 losses. The state now plans to raise Phase-2 loans with a sovereign guarantee at 4 per cent interest, reducing operational costs and increasing projected Metro revenues.

News source: The New Indian Express

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..