{"id":23571,"date":"2013-08-28T11:03:46","date_gmt":"2013-08-28T05:33:46","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=23571"},"modified":"2020-06-15T03:44:55","modified_gmt":"2020-06-14T22:14:55","slug":"23571-metro-on-verge-of-completion-property-prices-may-hike-by-30","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/23571-metro-on-verge-of-completion-property-prices-may-hike-by-30\/","title":{"rendered":"Metro on Verge of Completion; Property Prices May Hike by 30%"},"content":{"rendered":"

\"chennai-metro\"Chennai:<\/b> The metro rail is all set to change Chennai\u2019s landscape with proposed Chennai Metro rail project starting very soon. The upcoming proposed metro project is predicted to influence the northern and southern parts of the city in terms of real estate growth.The metro stretch will be located between northern and southern part of the city with 46 km stream. The metro will be built in phases, phase I will include two important corridors. The first corridor will stretch from Washermenpet to Airport and second will be from Chennai central to St Thomas Mount.The stretch of the Metros will highly impact on the real estate market of the south Chennai and north Chennai. North Chennai comprises automobile and manufacturing industry whereas South Chennai comprises mostly IT sector both these regions will be highly impacted by the proposed Metro project.The development of the South Chennai in terms of infrastructure is comparatively very good, and the North Chennai will be the highest gainer when Metro project starts in Chennai.The property prices are predicted to rise by 30 per cent due to the proposed Metro Rail project<\/a> corridors in the South and North Chennai. The property rates which are currently in the range of Rs 4500-5000 per sq ft will potentially rise to Rs 7500-8500 per sq ft.Metro connectivity has always been acted as the major influential part of the real estate development in various cities, and Chennai will not be the exception for the trend. The Chennai Metro project is designed to reduce the traffic bottlenecks and congestion in various regions of the city and to improve the connectivity with Chennai Airport.The phase I of the Metro is almost complete, mostly commencing in the next fiscal year. Once the Metro Rail starts up and running in the city, the property prices in Chennai<\/a> will go up by 25-35 percent along the metro stretch and its adjacent region.\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Chennai: The metro rail is all set to change Chennai\u2019s landscape with proposed Chennai Metro rail project starting very soon. The upcoming proposed metro project is predicted to influence the northern and southern parts of the city in terms of real estate growth.The metro stretch will be located between northern and southern part of the […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-23571","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"\nMetro on Verge of Completion; Property Prices May Hike by 30% -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/23571-metro-on-verge-of-completion-property-prices-may-hike-by-30\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metro on Verge of Completion; Property Prices May Hike by 30% -\" \/>\n<meta property=\"og:description\" content=\"Chennai: The metro rail is all set to change Chennai\u2019s landscape with proposed Chennai Metro rail project starting very soon. 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