Chennai metro plans commercial developments around key phase two stations
In few years, you may step off the metro and into workplace or an expansive shopping complex without having to step foot on the streets. This is what Metrorail has in store for the city, with plans to develop properties around phase-two metro stations in at least eight locations. Properties in Thirumangalam, Alandur, Vadapalani, KK Nagar, Mandaveli, Anna Nagar West, Thousand Lights, and Koyambedu have been identified for commercial development. While some of these properties have been acquired by CMRL for development, properties in other locations will be jointly developed with MTC. The property and stations will be linked through an exclusive walkway or pedestrian subway. At Thirumangalam, Metrorail has planned a 12-storey building. Metro trains will pass through and halt at the third floor of the building where the station will be located. A 450m-long plot near Thirumangalam flyover that earlier had three houses has been acquired for the construction. At Alandur, the development will be next to phase-one and two stations. MTC bus depots at Mandaveli and Anna Nagar West will be developed. According to CMRL’s annual report, they generated non-fare box revenue of 57.86 crore in the year 2022-2023, which was 65% more than the revenue of 34.98 crore in 2021-2022.
https://www.livehomes.in/news_letter