Thousands of people commute this stretch on a daily basis, making it one of the busiest stretches in terms of traffic in the city. With frequent traffic jams, the commuting time in this stretch is increasingly becoming a problem.
The recently announced phase 2 of the metro rail comes as a blessing. The project will link some of the major IT parks on Old Mahabalipuram Road (OMR) and Manapakkam with the rest of the city, making commuting a whole lot easier and quicker. This phase will cover a distance of 108.4 km across 3 corridors, with 104 stations. This will include a 20 km stretch of the IT corridor on OMR, connected through 22 elevated metro stations starting from Tidel Park, going up to SIPCOT in Siruseri. This line will be connected to far-flung areas of North Chennai, going up to Madhavaram Milk Colony. This corridor is expected to be completed in 5 years. Another corridor connects the underground stations at Satya Nagar and Ramapuram to the DLF IT Park in Sholinganallur.
This also spells good news for real estate on the OMR belt. Not only will living here become all the more convenient, especially if you work in the IT corridor, the real estate prices are also expected to go up, be it rentals or property rates. Hence, this is a ripe time for investment, which is sure to yield profits in the near future. Reputed builders in Chennai like KG Builders have launched several residential projects on this stretch which are strategically located and will also be well connected once the metro rail is up. KG Earth Homes, the eco-friendly project in Siruseri, OMR is located in close proximity to several IT parks, schools and colleges. KG Chandra Vista, located just five minutes from Sholinganallur junction offers breathtaking views from their luxury apartments. KG Good Fortune, spread over 2.88 acres in Perumbakkam will be ready for handover in December this year. Apart from this, KG One and Only in Thoraipakkam will be launched soon.
The entire phase 2 of the metro rail will start construction in 2018 and is expected to be completed in 10 years. This is the perfect time to invest on this stretch, and KG Builders are offering very attractive rates for their residential projects in this stretch. Book a site visit today to check out which locality is most agreeable with your requirements.