The growth curve in Chennai real estate

28 Nov 2022 CW Team

“The existing metro railway (Blue Line or Line 1), which stretches from Chennai International Airport to Wimco Nagar Depot, has emerged as a popular choice for people to commute,” says MSPrasanth, Deputy Commissioner (Works), Greater Chennai Corporation.“As a result, Chennai Metro Rail Ltd (CMRL) is proposing to procure additional rolling stock. Additionally,two new metro lines that are currently under construction will improve the ease of transit.Once these projects are completed, we will indeed start to see the network’s effects kicking in, increasing the mode share of public transport.”

In addition to decongesting the city’s roads, this initiative will also impact the growth of real estate, more so owing to the FSI benefit. The Tamil Nadu Housing and Urban Development Department has passed an amendment to provide additional FSI along the metro corridor. Builders have to pay only 25 per cent of the guideline value to availpremium FSI for non-high-rise buildings and 20 per cent of the guideline value for high-rise buildings. The rule is applicable to properties located within a distance of 500 m,measured from the centre line of the corridor.

The transformation of Chennai has also brought into focus some of its pertinent problems like flooding, which causes loss of life and property. Addressing this issue, Shashirekha Ramanathan, Chief Architect, Space Studio Chennai, says, “I feel we must reclaim our natural water resources and immediately end encroaching upon them. This calls for both a larger policy level intervention and awareness at the level of individual consciousness. The consumer should be asking the right questions prior to investing in or buying homes. In places that are being developed, we could build on stilts and take measures to raise the ground levels adequately.”

To read the full article, CLICK HERE.

Often referred to as the Gateway to South India, the popularity of Chennai has been facilitated by the city’s vibrant culture, availability of jobs and a range of infrastructure initiatives being taken by the government, including a greater ease of commuting for its citizens.“The existing metro railway (Blue Line or Line 1), which stretches from Chennai International Airport to Wimco Nagar Depot, has emerged as a popular choice for people to commute,” says MSPrasanth, Deputy Commissioner (Works), Greater Chennai Corporation.“As a result, Chennai Metro Rail Ltd (CMRL) is proposing to procure additional rolling stock. Additionally,two new metro lines that are currently under construction will improve the ease of transit.Once these projects are completed, we will indeed start to see the network’s effects kicking in, increasing the mode share of public transport.”In addition to decongesting the city’s roads, this initiative will also impact the growth of real estate, more so owing to the FSI benefit. The Tamil Nadu Housing and Urban Development Department has passed an amendment to provide additional FSI along the metro corridor. Builders have to pay only 25 per cent of the guideline value to availpremium FSI for non-high-rise buildings and 20 per cent of the guideline value for high-rise buildings. The rule is applicable to properties located within a distance of 500 m,measured from the centre line of the corridor.The transformation of Chennai has also brought into focus some of its pertinent problems like flooding, which causes loss of life and property. Addressing this issue, Shashirekha Ramanathan, Chief Architect, Space Studio Chennai, says, “I feel we must reclaim our natural water resources and immediately end encroaching upon them. This calls for both a larger policy level intervention and awareness at the level of individual consciousness. The consumer should be asking the right questions prior to investing in or buying homes. In places that are being developed, we could build on stilts and take measures to raise the ground levels adequately.” To read the full article, CLICK HERE.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..