Impact of Chennai metro on real estate sector

Q: Hey what is the impact of chennai metro rail on chennai real estate ?? Is there any price appreciation happened after the coming of Chennai real estate ?

Sudhakar , Chennai

10th March 2014

Real estate News in Chennai

buying property

investment advice

chennai metro

chennai real estate

Follow Discussion

Also see discussions for

Chennai Real estate News Real estate News in Chennai

Replies (4)

Hey....
Elevated stations will have shopping malls and parking space. Also space has been allotted to the station to accommodate future growth. :) :) also Wi-Fi at some of the stations

The stations will have three levels street, concourse and platform. Street level of the stations will have entry and exit and service rooms for diesel generators and transformers. Concourse level of the stations will be over 5.65 metres and above the street level , it will have station control room, ticketing counters, ticket gates.

Supratim,

10th March 2014

Comment

Can anyone tell me what are the benefits of Chennai metro? Will it help the rural belt of Chennai as well?

Pranab Malakar,

10th March 2014

The initiation of Chennai metro not only benefits the transport sector but will also create an impact by rising other issues like infrastructure development, urbanisation in the area and increased land rates
Although there will be greater development of infrastructure, there will still be a slump amongst the rural belt wherein the drainage, the slums and other parts should be repaired which can eventually result in attracting more people

Supratim,

10th March 2014

According to me the property prices are not yet predicted in Chennai. Apart from just increasing the land rates, the metro project will also impact the affordable housing market. Also the metro project will affect the Low Income Groups and the Economically Weaker Sections of the society. Can you tell me the largest stations in Chennai ?

Balwinder Singh,

10th March 2014

Comment

@Balwinder: the five largest stations in the city will be Chennai Central, St Thomas Mount, Shenoy Nagar, Gemini and Washermenpet. The Central Metro Rail station will be spread over 70,000 square metres under Poonamallee High Road in front of the Chennai Central and the Ripon Buildings. The Metro station is going to be a nerve centre as the two corridors I.e Washermenpet-Airport corridor and Central-St Thomas Mount corridor.

Maximum space has been set aside for the Central station where commuters from the Central Railway Station, Moore Market complex suburban station, Park Station and Park Town MRTS Station are expected to switch over to Metro trains from here.

Vivek Kulkarni,

10th March 2014

Hey as far as I Knw the prices of real estate may see substantial growth due to better connectivity in all directions. The key connectivity points include Airport, Central Metro, and CMBT. It is very clear that the much neglected North Chennai may finally see growth prospects due to Metro connectivity. It would be interesting to see if North Chennai is really undervalued once the metro becomes operational.

The real estate prices in areas around Arumbakkam and Koyembedu may see potential increase due to bus and metro transit facilities.

Supratim,

10th March 2014

Comment

Guys the Chennai metro is expected to create a successful revolution in the public transport scenario.
The area which will witness an increase in the property prices and it will run through the prominent parts of North Chennai like Washermanpet, Mannady, High Court and Chennai Central followed by parts of Chennai Airport. The stations in the North Chennai areas will be underground, which makes more easier for a hike in the land prices.

Vivek Kulkarni,

10th March 2014

Comment