New Residential Areas In Chennai Due To Metro-Rail
The ambitious Metro-Rail project in Chennai that is expected to solve the traffic congestion problems plaguing the city is hard to ignore. This project is aimed to bring about major improvement in the infrastructure of the city. Connecting the northern and southern parts of the city, the rail path is designed to reduce travelling time of commuters drastically.
The project is of such a large scale that it has been having a big impact on the other aspects of Chennai as well, particularly on the realty sector. Areas that were once considered too distant are now developing fast as residential areas. The city’s population is on a constant rise and the prime locations are getting too congested to cater to the development needs of the population. Hence, the development of residential areas around the city is being welcomed by all. For leading construction companies that are building residential apartments in Chennai, this has opened new possibilities. Suburbs such as Padi, Perumbakkam, Kolathur, etc are developing as big names in the construction business have projects in these areas.
Houses in such areas are also better planned than their counterparts in mainstream areas as there is more space at disposal. The prices in these areas also play an important role in adding to the advantages of living in the suburbs. The average cost of a house in the suburbs is drastically less than that in prime localities. All these factors together with the ease of travel that Metro-Rail is expected to provide makes the suburbs an attractive options for a large part of the population that is looking to buy homes that ensure comfortable living and also make for a good investment.
Hence, despite the temporary discomfort that the Metro-Rail project’s ongoing work is creating in terms of traffic and increased number of one-ways in the city, the project has a lot of benefits to offer and the people of Chennai are looking forward to its completion.