Chennai Lifestyle & Food

Newly launched Metro Rail likely to boost property prices in Chennai

Written by Team Urban Tree

After much anticipation and excitement, the Chennai Metro Service was finally rolled out on June 29th, 2015 and the Chennaiites are more than happy for the added advantage to their daily commute. A trip by car from Koyambedu to Alandur would have taken 1 hour on any day, but the Metro can take you there in less than 20 minutes!

The Metro was inaugurated by the Chief Minister of Tamil Nadu, J. Jayalalitha and runs to a total span of 45.10 kilometers. It is expected to reduce the commute time by 75% while travelling from one end of the city to the other. It will cover all the areas which were previously devoid of train services and proposals are being made to extend the metro to all parts of the city. With the arrival of the metro, Chennai joins the league of cities enjoying metro services such as Mumbai, Kolkata, Delhi and Bangalore.

The opening of metro rail is expected to bring about an immense boost to the prices of the properties which are located near the “influence zone” of the Metro. This “influence zone” will be properties which are situated ideally about 700-800 meters from the metro station. But will it really prove to be an influential player in the increase of property prices at Chennai?

Read the infographic below for all the answers!

UTInfographics-01

Chennai became the sixth Indian City to get a metro rail service and will be a relief to lakhs of commuters once completed. Real estate market analysts strongly predict an upward surge in the prices of properties near the metro stations and the statistics so far support their predictions!

About the author

Team Urban Tree

Urban Tree are the creators of magnificent homes in Chennai. Urban Tree is committed to creating world-class homes featuring innovative new styles that are meticulously integrated into every aspect of modern day living.

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