7 months ago
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Chennai Metro Rail Limited (CMRL) is each acceptable to connection much than 3 cardinal quadrate feet of bureau and commercialized abstraction erstwhile the Phase II Project is completed successful 3 years.
According to CMRL officials, of the 128 stations connected the 118.9-km Phase II network, they person planned spot developments successful astatine slightest 25. While immense towers volition travel up astatine Chennai Central, Mandaveli, Thousand Lights and Thirumangalam Metro Stations, CMRL volition conception further floors for usage arsenic bureau abstraction oregon to acceptable up retail outlets astatine galore stations including Perungudi, Sholinganallur, Karapakkam, Thoraipakkam, Madhavaram High Road, Sembiyam, Ayanavaram, Otteri, Perambur Barracks Road, Purasawalkam, Chetpet, Sterling Road, Nungambakkam, Royapettah, Adyar Depot, and Thirumayilai.
Stations wherever large developments person been planned:
Chennai Central
Thousand Lights
Thirumangalam
Mandaveli
“Learning from the Phase I project, we realised the request to make specified infrastructure astatine the operation signifier itself. Based connected the onshore availability, whether it is supra the entry/exit points oregon an adjoining land, we are mounting up multi-storey buildings to relation arsenic office, commercial, oregon retail spaces. Be it commuting for work, shopping, oregon dining, it should displacement to nationalist transport successful future,” an authoritative said.
A. Shankar, India Head-Government Advisory and Infrastructure Solutions, JLL India, said Chennai metropolis was going to importantly payment acknowledgment to a monolithic proviso of 3 cardinal sq.ft of bureau abstraction and 0.25 cardinal sq.ft of retail abstraction implicit the adjacent fewer years.
Area of projected properties connected corridors 3 and 5
| Station | Construction country (sq.m) |
| Nehru Nagar | 40,083 |
| Perungudi | 4,943 |
| Karapakkam | 4,662 |
| Sholinganallur | 12,285 |
| Thoraipakkam | 12,045 |
| Madhavaram High Road | 2,200 |
| Purasawalkam | 5,192 |
| Royapettah | 1,352 |
| Adyar Depot | 1,654 |
| Shastri Nagar | 7,343 |
“There is an expanding request for bureau spaces successful the city. Developing bureau and retail spaces integrated into Metro Rail Stations oregon connected adjacent parcels of onshore is an perfect strategy astatine a clip erstwhile determination is onshore scarcity for commercialized spaces,” helium said.
Mr. Shankar noted that immense spot improvement projects connected onshore parcels would pull large players to acceptable up offices oregon malls successful the vicinity of the stations. “The reasonably smaller stations specified arsenic Boat Club, Nungambakkam, and Sterling Road tin boost premium retail request successful circumstantial micro-markets and trigger a caller demand.”
An artist’s content of the projected infrastructure astatine Nungambakkam Metro Station. | Photo Credit: Special arrangement
Benefit for IT corridor
The accusation exertion corridor connected Old Mahabalipuram Road and the Mount-Poonamalle Road corridor (the upcoming fintech corridor) volition summation substantially acknowledgment to the connectivity that volition beryllium offered by Chennai Metro Rail and the summation of specified bureau and commercialized spaces, helium contended.
“Almost each presumption has been designed keeping successful caput retail and commercialized development. Whether companies acceptable up offices oregon retail and nutrient outlets travel up, the full ecosystem volition beryllium strengthened aft the Phase II task is completed, transforming it into a world-class installation arsenic transit-oriented improvement takes basal successful Chennai,” helium added.
