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Chennai Metro Rail Likely to Impact its Property Prices in Chennai

Newly launched Metro Rail likely to boost property prices in Chennai 1 The reduced commute time due to the Properties within 700-800 meters from Metro will play an influential role in boosting the property prices the Metro will have an immense boost to its value Source : JLL India Ganesh Vasudevan, CEO, IndiaProperty Online 3) NORTH CHENNAI 10-15% Rs. 7000 SOUTH CHENNAI The existent prices near Metro are approximately 7000-16000/sq.ft and are expected to rise by at least 10-15% in the short term due to the opening of the expected to increase the most compared The property value in North Chennai is Metro Railway to other areas near the Metro Source : JLL India Source : Common Floor 5 6. Population density near the Metro corridors will increase further escalating the demand of house which will directly impact the property value The Metro system in Chennai is integrated with other transport options such as buses, MRTS and sub-urban trains which will further reduce commute time & increase property prices Source : JLL India Source : JLL India 7 8. 4-5 km Ineed an Office space near Metro! There is a demand for retail and office If linking services to the Metro are provided, the 700-800 meter influential zone where property prices are expected is anticipated to further increase once the ! I to increase will widen out to a 4-5km radius! spaces near the Metro currently and Metro becomes entirely functional Source : JLL India Source : JLL India 9 10 5th FLOOR FSI NOISE RENT Although property prices might dip due to the "nuisance effect" caused by the sounds from the Metro trains, it is greatly overshadowed by the increase of property prices and does not pose a big threat FSI (Floor Space Index) near the Metro areas is expected to and will most probably be increased by the Government which will directly impact the pricing of the properties. Source : Vineet, MD, SARE Homes Source : JLL India Urban Tree AN INFOGRAPHIC CONTENT STUDY AND COMPILATION BY TEAM URBAN TREE © DIMENSIONS UNLIMITED

Chennai Metro Rail Likely to Impact its Property Prices in Chennai

shared by UrbanTree on Jul 31
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. Read more @


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