Hi there is some delay in Chennai metro as govt announced to launch metro in march but till now only 90% of the construction is completed. moreover contractor is saying that it will complete till march.
Hi Guys, The Chennai metro is expected to create a successful revolution in the public transport scenario. The first phase of the Chennai metro has two expansive corridors which measure a total of 45.10 kilometers. Although the arrival of metro has created a spur in the city, but the rising prices which are spewing at the backdrop are more significant. One of the major areas to be affected with the initiation of metro is the North Chennai which is the hub of industrial and corporate amalgam.
This area will witness an increase in the property prices.Talking about the second corridor of Chennai metro, 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 it easier for a hike in the land prices.
In my point of view, the initiation of Chennai metro not only benefits the transport sector but will also create an impact by rising other issues like infrastructure development, urbanization in the area and increased land rates.
Yes Ananya ,you are right. As per my knowledge, all these factors will be impacted simultaneously. This will perhaps result in the government ordering to enhance the development of the housing sector by granting extra FSI (Floor Space Index).
This will apparently result in the urbanization of the area. Apart from this, the Chennai Corporation along with the assistance of the Chennai City Connect (CCC) will create a state-of-the-art transport system which will make transport system easier.
when can we expect the clearance of The Phase-I extension of Chennai Metro Rail from the center. the approval is long pending from the central government. Any updates regarding this?
According to the details shared by the officials of the Chennai Metro Rail Limited, the approval for the 9-km stretch is expected soon. Revealing that preliminary work with regard to sanctioning the extension has already been initiated, the officials said that the process of acquiring land for the extension will likely be commenced in December 2014.
With the Centre’s requisite approval to the Phase-I extension of the Chennai Metro Rail expected in the near future, the land acquisition process for the Metro extension project will likely be commenced by the Chennai Metro Rail Limited in the coming months.
The Phase-I extension of Chennai Metro Rail involves a 9-km stretch between Washermanpet to Wimco Nagar at Tiruvottiyur. The total cost of the Metro extension project, as per the estimates, will be Rs 3,001 crore.
The extension of Chennai Metro Rail will essentially ensure that people residing in the northern suburbs of the city can also avail the benefits of the Metro network.