Sunday 30 October 2011

MOVING MASSES MAKING A NEW CHENNAI


The Chennai Metro Rail is arguably the largest construction project happening in Chennai at the moment. With the recent announcement by the Government of Tamil Nadu on its ambitious monorail project, Chennai Realty focuses on the impending success of Chennai Metro Rail and how it could transform the urban landscape of Chennai forever
The success of the Delhi Metro – an urban miracle – triggered off a rush to set up similar networks across urban India. Metros and major cities are opting for Mass Rapid Transit Systems (MRTS) as an effi cient mode to help ease transportation problems. Over half a dozen cities including Mumbai, Bengaluru, Chennai, Hyderabad, Kochi and Chandigarh will have operational metro systems over the next few years. The success of the Delhi Metro has convinced urban planners that this is a panacea for the urban transportation woes of millions of commuters. “The Delhi Metro with its 280 carriages transports 6,50,000 passengers daily and siphons 1.5 million commuter trips each day off the roads,” says Anuj Dayal, DMRC spokesperson. This translates into removing 1,650 buses from the roads, leading up to an annual saving of over `500 crore and more importantly, 30 percent less pollution. The fi nancial success of Delhi Metro, which used a combination of real estate development, parking and advertisement have made the metro a viable and popular system.

Why Chennai needs a Metro system?
Chennai, the fourth largest city in India with a population of over 9 million has an overwhelming population of vehicles at around 27 lakh. This means that the main arterial roads are handling far more than their designed capacity, leading to traffi c jams and congestion throughout the day. Though Chennai is served by a network of suburban railway network, the MRTS and the Metro Transport Corporation buses, it is not adequate to meet the growing transport needs of the public.
Rail network and traffic
The rail infrastructure in the city runs along three main lines: North line from Chennai Central to Gummidipoondi (48 km, 16 stations) since 1985, West line from Chennai Central to Arakkonam (69 km, 29 stations), and Southern line from Beach to Tambaram (30 km, 18 stations). Apart from the above, a Mass Rapid Transit System (MRTS) on North-South corridor along Buckingham Canal from Chennai Beach to Velachery running a distance of 20 km also exists.
Road network and traffic
The road layout in the metropolitan area is a radial pattern with three principal arterials: NH-5, NH-4, NH-45, to the north, west and south respectively. In addition, there are two more radial arterials, one along the coast on the northern side (Thiruvotriyur High Road) and another between NH-4 and NH-45 (Arcot Road).
Rail trail
In 2007, the Government of Tamil Nadu created a Special Purpose Vehicle (SPV) for implementing the Chennai Metro Rail Project. The SPV named Chennai Metro Rail Limited is a 50:50 joint venture between Government of India and Government of Tamil Nadu. With an total investment of over `15,000 crore, the project is scheduled for completion by 2015. Phase I of the project involves setting up a network of about 45km in the city across two corridors. Corridor-1: Washermanpet to Airport, would cover a distance of 23km of which 14.3km would be underground between Washermanpet and Saidapet via Mannadi, High Court, Central, New Government Hospital, LIC, Thousand Lights, Gemini, Teynampet and Chamiers Road and 8.7 km of elevated section running from Little Mount to Airport via Guindy, Alandur, OTA and Meenambakkam. Corridor-2: Chennai Central to St Thomas Mount, would cover a distance of 22km of which 9.7km would be underground between Chennai Central and Thirumanagalam via Egmore, Nehru Park, Kilpauk Medical College, Pachaiappa’s College, Shenoy Nagar, Anna Nagar East and Anna Nagar East. The elevated section would be 12.3km in length running from Koyembedu to St Thomas Mount via CMBT, Arumbakkam, Vadapalani, Ashok Nagar, KK Nagar, SIDCO and Alandur


Chennai Traffic Forecast
Advantages of Chennai Metro Rail System
Metro Rail System is recognised as a modern, reliable, safe and environment-friendly mode of mass transportation.
Several global cities including Singapore, Tokyo, Shanghai, London and most recently Dubai have adopted the
Metro Rail System which has served them to remain competitive moving millions of people in and out of the Central
CBD. Chennai Metro Rail once completed will offer following advantages to Chennai: reduce traffi c as it will take
out as many 3000 buses off the roads of Chennai; reduce pollution by as much as
The fare structure
Chennai Metro Rail plans to make it affordable for the common
man to use the Metro for his daily commuting needs. Though the exact
fare structure will be announced closer to the launch date,
the following fare structure has been recommended for
implementation – 30 percent; reduce commuting time by
50-75 percent between destinations; linkage with other forms
of transport like bus, rail and air; can carry over 30,000 passengers
per hour per direction, which is three times more than any other systems.

Employment Generation

Chennai Metro Rail is likely to generate a direct employment
of around 50 skilled people for every kilometre of track,
which translates into a skilled workforce of about 2,255 people.
Indirect employment would be four times as much and would
translate into creating a livelihood for another 9,000 people.





Facilities through property development
Much like the Delhi Metro, Chennai Metro plans to use property development as a means to generate
revenue forits operations. Some of the facilities that would be developed would include completely
air-conditioned underground railway stations, automatic fare collection system, electronic display
and announcement systems, shopping malls, space for parking, provision for
bus feeder services and washroom facilities. This will include creating a leasable space of over 4.3 million
sqft spread over various underground stations on both corridors. Such property development is also likely to
generate employment potential for another 6,000 people directly over the next few years. Apart from property
development at Metro stations and depots, it is possible to raise resources through leasing of
parking rights at stations, advertisements on trains and tickets, advertisements within stations and
parking lots, advertisements on viaducts, columns and other metro structures, cobranding rights to
corporate, fi lm shootings and special events on metro premises. The property development will be
undertaken on joint venture basis though in some cases it may be by outright purchase of the land.
The estimated property development cost including land cost is `1,136 crore. The estimated income to
CMRL from property development is likely to be around `276 crore starting from the year 2014-15.

Environmental impact
Chennai Metro Rail is envisaged to be a green development. Hence though there might be some
short-term environmental impact by way of cutting of trees, CMRL has been mandated to plant
10 trees for every tree cut down. They have already planted more than 5,000 saplings and will
carry out planting of another 10,000 saplings by the end of the year. Once the metro system is
fully operational, one rake of metro system per trip is expected to remove 16 buses/300 cars/600
 two wheelers from the road, thereby considerably reducing the traffic congestion in the road
and less carbon emission and contributing to reduction in air pollution.











































To sum up, once completed the Chennai Metro Rail will provide the people of Chennai with a fast,
reliable, convenient, effi cient, modern and economical mode of public transport, which when integrated with
other forms of public and private transport will go onto making Chennai a truly global metropolis!
-Correspondent, Chennai Property Talks


    Chennai Real Estate Price Reckoner

    Survey's Show "Chennai Has the least GREEN COVER"

            Chennai Not still not as developed as other metros in the nation. Green? Very Green? 
    Well it might come as a surprise but recent survey's say that Chennai has one of the least amounts of green cover among the country's metropolises. The fact is that Chennai does not have many vibrant green spaces, except for niches like the Guindy National Park and the Adyar Theosophical Society grounds.

    CHENNAI METROPOLITAN DEVELOPMENT AUTHORITY records, Chennai city has only 2percent of the area as parks. Other surveys point out that green cover extends to just 9.5 percent of Chennai's geographical area within city limits, and an even lower 4.5 per cent in the suburbs. Compare this with a green of 20.20per cent in Delhi , 19 per cent in Bangalore, 15 per cent in Kolkata, 14.09 per cent in Mumbai and a whopping 35per cent in Chandigargh. "Estimates from the surveys we are carrying out suggest that we have less than 4.5 per cent tree in Chennai City," says D.Narashmhan, Associate  Professor Department of Botany, Centre for Floristic Research Madras Christian College, who has been coordinating a tree census of the city in association with stakeholders. "Cities need to have at least about 15 to 20 per cent tree cover," he says.
    WHAT we NEED?
    •  The Trees we have here such as the gulmohar and coconut are not the shade-giving, foliage-rich varieties. What we need are canopy trees like the rain tree and hardy coastal trees like vennangu, pungam, poovarasu, punnai, badam, etc.
    • Framework to integrate trees in city planning to improve the urban environment, ad designated policies and institutions to safeguard trees, like a Tree Authority.
    • Concept of urban green spaces enshrined in our development guidelines, including vacant plots reserved for mandatory development into a natural forest.

    Wednesday 21 September 2011

    GST Road(NH-45) already houses SEZ's and bristling with activity!!

    The GST Road(NG-45) road already houses some of the SEZ's and bristling with activity due to establishment of large industrial parks like Mahindra World City and Shriram Gateway.
    Ariel View of Mahindra World City

    Projects like Arens Gold Souk and upcoming mall in Mamandur will significantly contribite to the social infrastructure in the vincinity in the coming months.

    Shriraam THE GATEWAY
    Mega Housing projects like L&T , SARE Jubilee Shelters, Akshara Housing, Arun Excello, Akshaya Belvedere, Hallmark Country and SIS Safaa will partly meet the growing demand and needs of housing in this AREA!

    Corporates owning tracts of land in the area have also ventured into housing development. The surge
    in demand of HOUSING PROJECTS in and around the area clearly illustrates this trend.
    If the current demand pattern is any indication, then we are very sure that the city will get expanded
    upto TINDIVANAM, says SANTHOSH.J -MD Akshara Housing and Propertiees

    -Correspondent, Chennai Property Talks

    Saturday 17 September 2011

    Where Does the HOUSING Development revolves in Chennai?

    Due to probhibitive land cost, supply level in the cit is less nowadays.

    The Major housing development revolves around areas like Old Mahabalipuram Road till Thaiyur , Thiruporur and GST till Tindivanam.

    Improved connectivity levels and the metro construction are the encouraging more people to shift to suburbs and peripheral areas. 

    -Correspondent, Chennai Property Talks

    Property DEVELOPERS are not soo keen with ORAGADAM/SRIPERUMBUDUR! Why?

    The Industrial clusters like Oragadam and Sriperumbudur are specific areas where property developers are not keen for housing units beyond Rs.50Lakh price range.



      Lack of Social Infrastructure and delay in implementation of infrastructure are major factors that discourage many developers to venture in housing in the area.


    -Correspondent, Chennai Property Talks

    Sunday 11 September 2011

    ECR(East Coast Road) to be EXTENDED!! - Reports Chief Minister

    ECR(East Coast Road) to be EXTENDED!! - Reports Chief Minister



    Tamilnadu Chief Minister J Jayalalithaa today announced in the Assembly a host of measures to give greater thrust to road infrastructure development, and to provide better connectivity besides ensuring balanced economic development.
    Making a statement under Rule 110, she said the State government has been implementing various road infrastructure development projects.
    .

    It is a long-pending demands of the people to extend ECR upto Kanyakumari. Taking this into account, the government will take steps to extend the ECR connecting Tuticorin upto Kanyakumari.
    'Widening and upgradation of the remaining portion of the ECR measuring 113 kilometres at an estimation of Rs 257 crore will be taken up. Nine bypasses, three bridges will be built as part of the project.
    Similarly, Sivaganga and Edapadi bypasses for 10.60 km and 8.60 km respectively will be built to ease traffic congestion.
    In order to prevent accidents and cut-short journey time, bridges are necessary at the railway crossings. As many as 23 railway over and under bridges across the State will be constructed at an estimation of Rs 740 crore. Kancheepuram, Tiruvallur, Vellore, Villupuram, Coimbatore, Salem, Ramanathapuram, Dindigul and Tirunelveli will get these facilities.
    As many as 65 bridges at a cost of Rs 151 crore in 18 districts will be constructed and damaged bridges will also be upgraded.
    To ease traffic congestion and prevent road accidents in Chennai, certain initiatives of international standards will be taken up on Anna Salai, E V R Periyar Salai and inner circular roads.
    It may be noted that during 2011-12, Rs 1,450 crore is being allotted under the Comprehensive Road Infrastructure Development Programme (CRIDP) which will be used for taking up road widening, improvement besides reconstructing bridges and culverts.


    -Correspondent, Chennai Property Talks

    Chennai Seeing lots of Development on the OMR , Mogappair and Velachery.

    Today Chennai Seeing a lot of Development on the OMR , Mogappair and Velachery.
    Development of New MNC's
                 The Madhya Kailash - Thiruporur stretch is seeing a supply - demand mismatch , with demand exceeding supply.  This area and its peripheries are high growth regions because of the IT corridor. Velachery
    is also developing fast. In fact areas nearby Velachery, such as Medavakkam, Pallikaranai, Pallavaram - Thoraipakkam, and Rajakilpakam are experiencing the rub off effect of Velachery, with rapid land appreciation. Other areas in demand include Porur and the stretch up to Chettipunyam on the GST.

                 J.Uvasre, Director of South India Land Developers says, that the most of the areas around GST and OMR have 2 and 3BHK apartments in the sub-1,5000 sq.ft category available at monthly rentals of Rs.15,000/- to Rs.20,000. In West Chennai areas such as Anna Nagar and Kilpauk command Rs.20,000 - Rs.25,000 monthly rentals for similar sized apartments.

                Emerging Areas like Sriperumbudur and Ambattur have options in the Rs.10,000-Rs.15,000 rental brackets for 2 and 3 BHK Flats. 

    However 2010/11 has seen an increase of 13.5per cent in average rent. The trend is accelerating in the last six months-driven by overall inflation growth across products and services, says Satya Prabhakar, CEO Sulekha.com

    Coming to a Conclusion :

    OMR Beats up all the areas and standstill from Madhya Kailash to Thiruporur for Better and faster development in the upcoming years. 


    Moving to the Suburbs

    With Residential space at a premium in the city, consumers are looking at renting property in the suburbs.

    Residential Housing in Chennai has seen a rental spike by 10percent to 15percent over the last few years. But rentals in the suburban areas have gone up more slowly, with accommodation available from anything between Rs.8 per sq.ft to Rs.25 per sq.ft a month.

    This hike began with the IT BOOM in 2000 which boosted demand for residential space within the city.
    The city's population almost doubled and individual houses began to give way to multistory apartments.
    The Demand pushed up prices of both land for construction, and of apartments for end-users.

    The Increased demand for housing saw the city expanding towards the suburbs. The primary reason for this was the shortage of land within the city.

    With the Land prices in the city shooting up, developers had to look to the suburbs to come up with viable residential projects, according to Sivaramakrishnan A.S.,  VICE President (Residential Services).

    Though Chennai City sees a huge demand for rental housing, the supply is minimal, But it is the reverse in the case of the suburbs . The demand is due to availability of public transport, water and other infrastructural facilities, which are not found in certain suburbs.

     With consumers balancing their budgets in line with lifestyle expectations, suburbs seem to provide the right solution. Hence, consumers choose to live in an apartment based on affordability, which also meets the basic requirements of the family , says Jeyakumar Ramasamy, - Director JVS Real Estates.

    This move to the suburbs is aided by the fact that the work place is not in the city any longer - it is in the IT Corridor or industrial corridor.






    Tuesday 6 September 2011

    Chennai's Old Mahabalipuram Road attracts retail development!!

    Malls with retail stores, hyper markets, food courts, multiplexes and other entertainment enclaves will dot Chennai's IT corridor within the next two years. While the IT firms that have sprouted along this route welcome the new inhabitants, investors can rejoice in the inevitable rise in land prices on the Old Mahabalipuram Road (OMR).


    The frenetic development on the OMR has so far been on office space for the IT/ITES sectors. With the IT corridor expected to generate over 30,000 new jobs annually, the need to house workers and offer retail and entertainment facilities in the vicinity is kicking off a new round of construction.

    Three real estate companies, Allied Group in partnership with Arihant Foundations & Housing, Marg Constructions and Suryavardhan Estates have already confirmed plans to develop malls on the OMR.
    A 6.1 lakh sq.ft mall by the Allied Group and Arihant, and a 2.5-lakh sq.ft high-end mall by Suryavardhan Estates are coming up at Navalur on the OMR. Marg Constructions is planning a riverside mall of 4.5-lakh sq.ft.

    Meanwhile, prime residential areas on the OMR such as Padur are seeing real estate prices touch Rs. 20 lakhs a ground, a six-fold jump over a few years ago. Large plots of land are being sub-divided into smaller plots for which there are many takers.

    With such furious development of the IT/ITES infrastructure, retail and residential spaces, the OMR is fast becoming Chennai’s Gurgaon!

    By ChnPRPTalks Correspondent 

    Tuesday 30 August 2011

    Chennai Property Talks Launching its Premium Newsletter



    Chennai Property Talks Launching its Premium Newsletter on the 1st of September to its subscribers through its EMAIL Campaign Hunt. :) Its gonna really be ROCKING! :)
    It contains Property Reviews, Customer Feedback and Editor Choices of Properties in and around the Chennai City.

    Contact us to subscribe via Email : chennaipropertytalks@gmail.com 
    Via Phone                                       : +91-8939921511, +91-8939901819

    South ASIAN Real Estate(SARE) Rocking in Chennai Residential Real Estate Market



    South ASIAN Real Estate(SARE) Rocking in Residential Real Estate in Chennai Market and on its way to capture the entire TAMILNADU Real ESTATE Market. " We will become India's No.1, Real Estate Company i just 2years, by giving the Best Customer SERVICE and Sales", says the Company's CFO ( David Walker ) to our reporters today.

    70 signature apartments behind Marg Junction Mall



    70 Signature apartments for TOP-End budget people behind the Marg Junction Mall, by Marg Properties.> Soon to finalize the sale agreement with the Land vendors.

    India Infoline and INDUS Group

    India Infoline has entered into a collaboration with Indus group to promote projects for real estate development after acquiring an IT park in Chennai for around Rs 80 crore. 

    New IT SEZ For Chennai by TATA Realty

    An IT SEZ is proposed by Tata Realty and Infrastructure Ltd (TRIL) in collaboration with Tamilnadu Industrial Development Corporation (TIDCO) in Taramani. It will house a five star hotel, an international convention center and service apartments.

    Monday 29 August 2011


    Chennai Property Talks

    Chennai Property Talks news team in Chennai keeps you in sync with the course of development that the real estate market has gone through most recently.

    Today, it is possible to access real estate news online in the city with the growth of many real estate websites on houses. You will get an elaborate account of the current property prices in different areas of the city along with snippets on latest property development, which may enable you to analyze properly the current trend of the real estate market. Only after a detailed analysis of current real estate news in Chennai, you would be well positioned to invest profitably in the city's burgeoning property market. 

    The present contemporary site www.chennaipropertytalks.blogspot.com will provide you with the latest Chennai property news.


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