Hyderabad Metro Rail Limited (HMRL) has formally submitted the Detailed Project Report (DPR) for Phase 2 of the Hyderabad Metro to the Ministry of Housing and Urban Affairs (MoHUA), Government of India. The Phase 2 DPR covers five new corridors spanning a total length of 76.4 km at an estimated capital cost of ₹24,269 crore. The Raidurg–Kokapet Neopolis corridor (Corridor V, 11.6 km) features prominently in the submission as one of two priority corridors given the scale of residential and IT development already underway. The central government's funding approval will allow the state to tap into the Smart Cities Mission and Urban Infrastructure Fund allocation. Metro authorities expect 60–70% of project cost to be centrally funded, with the remainder borne by the state and HMDA. The DPR includes detailed soil surveys, ridership projections, environmental impact assessments and station location studies. For Corridor V, eight station locations have been identified including a direct interchange with the proposed Peripheral Ring Road network. HMRL Managing Director confirmed that Hyderabad's Metro system is on course to become one of India's largest urban transit networks, with Phase 2 adding approximately 76 km to the existing 69 km operational network.