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News Entry# 540536
Feb 07 (22:06) Chennai's Real Estate Gets Boost with Transit-Oriented Development
IR Affairs
SR/Southern
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News Entry# 540536   
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Redevelopment Along MRTS To Cost Less But Builders Want Infra Upgrade First

The Tamil Nadu government has brought MRTS and suburban railway corridors under transit-oriented development (TOD), reducing premium FSI charges by 50% for buildings within 500 meters of these corridors. This move is expected to make homes more affordable, especially for the middle class. Builders welcome the initiative but emphasize the need...
more...
for improved infrastructure, particularly sewer and water pipelines. Experts predict significant development in western suburbs due to the improved accessibility and increased demand for housing. Meanwhile, Chennai's real estate scene is witnessing changes with the scrapping of a three-tier guideline value system and the implementation of a new system based on road width. In Mumbai, stacked or tower parking is being explored as a solution to the city's severe parking shortage.

Tamil Nadu government ne MRTS aur suburban railway corridors ko transit-oriented development (TOD) ke andar laaya hai, jisse in corridors ke 500 meter ke andar banne waale buildings ke premium FSI charges 50% kam ho gaye hain. Isse ghar kharidna, khass kar middle class ke liye, sasta ho jaayega. Builders is...
more...
initiative ka swagat kar rahe hain lekin saath hi infrastructure, khass kar sewer aur water pipelines, ko improve karne ki jarurat par zor de rahe hain. Experts ka maanana hai ki western suburbs mein kaafi development hone wala hai kyunki access aasan ho jaayega aur housing ki demand badhegi. Iske saath hi, Chennai ke real estate market mein bhi badlaav aa raha hai jismein three-tier guideline value system ko hatakar road width ke basis par ek nayi system ko lagaaya ja raha hai. Mumbai mein, city ki parking ki kami ko door karne ke liye stacked ya tower parking ko solution ke roop mein dekha ja raha hai.
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