Commercial developments around key phase-two stations-Chennai metro plans

Chennai property price prediction 2024-25 forecasts a 5-7% increase in property prices across the city. This growth is attributed to ongoing infrastructure projects, such as the Chennai Metro Rail Phase II, and the overall economic recovery in the past few years.

In a few years, you may step off the metro and into your workplace or an expansive shopping complex without having to step foot on the streets. This is what Metrorail has in store for the city, with plans to develop properties aroundphase-two metro stations in at least eight locations.

Properties in Thirumangalam, Alandur, Vadapalani, KK Nagar, Mandaveli,Anna Nagar West, Thousand Lights, and Koyambedu have been identified for for commercial development. While some of these properties have been acquired by CMRL for development, properties in other locations will be jointly developed with MTC. The property and stations will be linked through an exclusive walkway or pedestrian subway.

At Thirumangalam, Metrorail has planned a 12-storey building. Metro trains will pass through and halt at the third floor of the building where the station will be located. A 450m-long plot near Thirumangalam flyover that earlier had three houses has been acquired for the construction.

At Thousand Lights, Metrorail has acquired an existing commercial complex on Anna Salai. It will be demolished and developed with an underground passage linking the building with the underground phase-two metro station, which will come up on Whites Road.

At Alandur, the development will be next to phase-one and two stations.MTC bus depots at Mandaveli and Anna Nagar West will be developed.