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15 Jan 2026
The government is preparing to launch an Initial Public Offering of Kamarajar Port Ltd, which will be the first public listing of a state-owned port in India. The proposed IPO is expected in the next financial year and could value the port between INR 15,000 crore and INR 21,000 crore, based on indicative pricing discussions. Kamarajar Port's corporate structure, steady cargo volumes and strong operating margins set it apart from other major ports. The listing is aimed at unlocking value and introducing market discipline in port operations.Read more
12 Jan 2026
The central government recently launched infrastructure and digital projects worth INR 235 crore at Chennai Port Authority and Kamarajar Port Limited, aimed at strengthening port safety, resilience, and operational efficiency. Investments include coastal protection, modern firefighting systems, hospital upgrades, and an integrated digital platform at Chennai Port. At Kamarajar Port, access control and breakwater rehabilitation were prioritised following past cyclone damage. A nationwide e-port clearance portal was also introduced to simplify certificate issuance for vessels. The projects reflect ongoing efforts to modernise India's ports and improve maritime logistics.Read more
12 Jan 2026
A joint venture between Prestige Estates Projects Ltd and Arihant Foundations & Housing Ltd has agreed to acquire a 16.38-acre land parcel in Padi, Chennai, for INR 561 crore, strengthening Prestige Group's presence in a key urban market. The land is being purchased through Canopy Living LLP from Sundaram-Clayton Ltd and is intended for a future real estate development. The transaction reflects Prestige Group's continued focus on securing well-located land assets in high-demand city locations to support its long-term residential and mixed-use growth strategy. With Chennai emerging as an important market for large-scale urban developments, the acquisition aligns with the group's broader expansion plans across major Indian cities.Read more
09 Jan 2026
Chennai Metro Rail Limited (CMRL) has expanded its automatic fare collection (AFC) infrastructure at busy stations to reduce congestion and manage increasing passenger flows during peak hours. New bi-directional entry and exit gates have been installed at Thiyagaraya College and Saidapet stations, while additional gates are planned at other high-traffic stations. Excess fare counters have also been added to help commuters with longer trips. These upgrades complement earlier initiatives like Normally Open AFC gates and increased train frequencies, aiming to improve efficiency and overall commuter experience.Read more
09 Jan 2026
Prestige Estates Projects Ltd has announced that its group plans to purchase a 16.381-acre land parcel in Chennai, as disclosed in the past week. While financial details and development plans were not shared, the acquisition points to a large-scale project in one of South India's key real estate markets. The move aligns with Prestige's strategy of expanding its land bank across major cities. Chennai has been witnessing rising interest from organised developers due to stable demand, infrastructure growth, and long-term economic fundamentals.Read more
08 Jan 2026
Tamil Nadu Chief Minister M K Stalin is set to lay the foundation for a major redevelopment of the Broadway bus stand in Chennai under the North Chennai Development Scheme. The INR 800 crore project will replace the 75 year old facility with a modern multi modal transport hub featuring 73 bus bays capable of handling about 466 bus movements per hour. Temporary terminals at Royapuram and Island Grounds are in place to ensure uninterrupted services. The hub aims to improve daily commuting for thousands, while the project integrates accessible amenities and is supported by multiple government departments.Read more
31 Dec 2025
CREDAI Chennai's latest study suggests that south and west Chennai will lead residential housing growth in 2026, driven by infrastructure upgrades, metro expansion and improved road connectivity. Corridors such as OMR, GST Road and Porur Poonamallee continue to see strong end-user demand, while projects like the Kuthambakkam bus terminus and Metro Corridor 4 are boosting west Chennai's appeal. Housing sales in FY 2025-26 are expected to exceed 15,000 units, around 18% higher than 2024, with prices remaining largely stable.Read more
29 Dec 2025
Union Minister of State for Home Affairs Nityanand Rai inaugurated newly constructed tenements under the Puducherry Smart City Mission, providing permanent housing to sanitary workers who earlier lived in unsafe and overcrowded conditions. The project includes six residential blocks with basic civic infrastructure and is aimed at improving living standards for 220 beneficiary families. Alongside housing, the minister also opened a mini stadium and commissioned power infrastructure projects, reflecting a broader push to strengthen urban services and community facilities under the Smart City programme.Read more
24 Dec 2025
Prestige Estates Projects Ltd has acquired a 25 acre land parcel in Medavakkam, Chennai, marking a significant expansion of its presence in the city. The site offers a development potential of around five million sq ft and is expected to generate top line revenue exceeding INR 5,000 crore. The acquisition aligns with the company's strategy to cater to sustained mid segment housing demand, supported by improving infrastructure, planned metro connectivity, and proximity to employment hubs. The purchase also included non core assets acquired from Ramco Cements valued at INR 514.90 crore.Read more
21 Dec 2025
Chennai has outlined a long-term transport vision under its Comprehensive Mobility Plan, proposing an investment of INR 2.27 lakh crore across the Chennai Metropolitan Area. The plan prioritises public transport, with nearly 85 per cent of the funding earmarked for metro rail expansion, suburban rail upgrades and improvements to the bus network. Roads and flyovers account for a much smaller share, while walking, cycling and freight movement also receive focus. The strategy addresses rising private vehicle use and declining bus capacity by improving service quality and last-mile connectivity. Transit-oriented development, alternative funding models and better links to suburban growth corridors form key pillars of the city's future-ready mobility roadmap.Read more
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12 Dec 2025
The Madras High Court has ordered a detailed probe into a INR 93-crore compensation payout made by Chennai Metro Rail Limited (CMRL) to landowners for a metro expansion project. The court has asked for full documentation—including valuation reports, beneficiary details and payment records—to verify whether compensation was fair and procedurally sound. The order follows allegations of improper valuation or lapses in due process. The audit aims to ensure transparency in large public land acquisitions, where scrutiny is essential to maintain trust and protect landowner rights. Depending on the findings, CMRL may face revisions to its compensation framework or strengthened validation of its existing procedures.Read more
02 Dec 2025
IndianOil Total Pvt Ltd (ITPL), a joint venture between Indian Oil Corporation and TotalEnergies Marketing Services SAS, has started operations at its new greenfield bitumen derivatives plant in Gummidipoondi near Chennai. The facility, commissioned earlier this month, will produce PMB, CRMB, NRMB and bitumen emulsions to support road and infrastructure projects across southern states. The plant, built with automated systems and global safety standards, is expected to strengthen supply reliability, reduce logistics time, and cater to major works under NHAI, state highways, industrial corridors and urban development programmes.Read more
30 Nov 2025
CMRL is planning to introduce 28 six-car trains by 2028 to increase capacity on its main corridors. These trains will carry up to 1,800 passengers, reducing waiting times and easing peak-hour congestion. Current monthly ridership exceeds one crore, with further growth expected due to Phase I extensions and Phase II development. Stations are prepared for longer trains, with upgrades like platform screen doors planned. The trains will be built domestically and equipped with technology for future driverless operation, addressing both immediate and long-term commuter needs.Read more
29 Nov 2025
Work on the 3.2-km, four-lane elevated corridor between Teynampet and Saidapet is visibly picking up pace. With 40 of 91 piers in place, the highways department has started installing steel spans (ranging from 11 m to 30 m) brought in from Mumbai and Gujarat. Of the 91 pillars, 69 are being built over the underground metro corridor, which helps speed up the foundation work. However, delays persist near Nandanam and Teynampet due to high-voltage power-line relocation and soil-stabilisation issues. Earlier optimism for a public opening before Pongal has given way to a revised target of end-March.Read more
28 Nov 2025
The Madras High Court has issued notices to the Union Government, the Tamil Nadu Government and Chennai Metro Rail Limited after a petition sought a revised detailed project report (DPR) for the long-pending Madurai Metro project. The petitioner, a first-year law student, argued that the earlier DPR no longer reflects Madurai's expanded urban footprint, rising population and growing institutional hubs such as the High Court Bench, AIIMS Madurai and major healthcare centres. He said the city now meets the population criteria under the Metro Rail Policy, 2017, and that outdated 2011 census data should not determine eligibility. The plea seeks preparation of an updated DPR, with the court asking authorities to respond soon.Read more
20 Nov 2025
Allcargo Terminals is planning a second container freight station (CFS) in Chennai, located in the Kattupalli-Ennore corridor, to manage growing logistics demand in the region. The company has extended its 30-acre land lease from Venkatesh Coke and Power Limited (VCPL) until September next year, paying an annual rent of INR 9 crore. The expansion complements Allcargo's existing 23-acre Chennai CFS, which handles over-dimensional cargo and operates 24/7. The new facility is expected to strengthen the company's presence in southern India and improve cargo handling efficiency.Read more
14 Nov 2025
Repco Home Finance reported a net consolidated profit of INR 103.15 crore for the quarter ended September 30, 2025, down 5.12% from INR 108.72 crore in the same quarter last year. Total income increased by 4.18% to INR 441.90 crore, while the loan book grew by 7.7 % to INR 15,033 crore. The gross NPA ratio improved to 3.16 % and net NPA stood at around 1.50 %. Non salaried borrowers account for 52.6 % of loans, and the company maintained a strong capital adequacy ratio of 36.88 %, reflecting prudent risk management.Read more
13 Nov 2025
The Metropolitan Transport Corporation (Chennai) Ltd. (MTC) received 'City with the Best Public Transport System' award at the Urban Mobility India Conference 2025 in Gurugram for its achievements in connectivity, digital integration, and inclusivity. The recognition highlights MTC's wide network of over 660 routes, the Vidiyal Payanam free travel scheme for women, the school bus service scheme, electric bus introduction, and app-based journey planning through Chennai One. It also acknowledges efforts toward safety, sustainability, and improved accessibility across Chennai's public transport system.Read more
10 Nov 2025
IHCL has announced the signing of a 151-key Taj hotel on Chennai's ECR, a greenfield project developed in partnership with MGM Healthcare. The move targets Chennai�s growing corporate, IT, and automobile-driven demand, as well as leisure travel and MICE events. With this addition, IHCL�s portfolio in the city will rise to 16 hotels, including six under development. The project strengthens the company�s strategic presence in South India, providing travellers with more options while reinforcing its position in a competitive and growing hospitality market.Read more
03 Nov 2025
The Chennai Metro Rail Limited (CMRL) has signed a INR 48.33 crore contract with Faiveley Transport Rail Technologies India Pvt Ltd to install an anti-drag passenger door safety system across all 52 trains operating under Phase I. The system enhances existing obstacle-detection technology by identifying thin or light materials such as saree ends, dupattas, bag straps, and belts that could get trapped during door closure. If entrapment occurs, it will trigger an emergency brake and alert the driver instantly. CMRL clarified that this initiative is a preventive safety upgrade, not incident-driven. The feature will also be standard on Phase II trains, reinforcing global safety standards and boosting public confidence in Chennai's metro system.Read more
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