Vizag Metro Depots Need 100 Acres, Rs 8.9 Bn Land Spend

27 Jun 2025 CW Team

Visakhapatnam’s 46.23-kilometre Metro phase one will hinge on two purpose-built depots—one beside the Old Dairy Farm near VIMS, the other close to the Visakhapatnam Port Authority—each demanding 35–40 acres to house inspection lines, workshops, wash plants, stabling tracks and operating offices. Together the depots and ancillary works require almost 100 acres, for which land acquisition alone is projected to cost about Rs 8.9 billion.

A social-impact assessment launched on 30 May 2025 under the RFCTLARR Act is gauging public benefit, alternative sites and food-security effects before the district collector issues a final report. Current plans call for the alienation of roughly nine acres of private plots and 87 acres of public holdings—comprising 36 acres from the port trust, four acres from Indian Railways, 47 acres from the Animal Husbandry Department at Old Dairy Farm and a small strip of D-patta housing land.

AP Metro Rail Corporation managing director N. P. Ramakrishna Reddy confirmed that depot design work is ready to proceed once the collector signs off on the SIA findings. The depots will act as central hubs for shunting, maintenance and administration, ensuring the future network operates safely and efficiently from day one.

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..