Chennai has been making headlines in almost all India real estate reports and studies, mostly due to the proposed smart city project slated to be commenced here by the Central Government. As part of the Central Government's plan to develop 100 smart cities, Chennai will be one of the forerunners in this regard. In what is being heralded as a landmark development, citizens in Chennai are now directly influencing planning of infrastructural and civic projects for this smart city project. The smart city project will anyway boost the demand for property Chennai in the next few years. The real estate Chennai market has benefited immensely from the Central Government's announcement. Demand for properties in India will be influenced largely by the creation of these smart cities in the future according to experts and Chennai’s future looks really bright in this context. The Chennai Corporation has asked for suggestions from citizens through its website that has been launched by the Union government for making sure that citizens participate in the project. Suggestions and inputs are pouring in by the day and should touch a gargantuan number soon. According to corporation officials, the authorities are targeting a place in the top 20 among the 100 smart cities. These public suggestions will facilitate the implementation of Smart City solutions in the first phase of the project. According to sources, areas like RK Nagar and commercial hub T Nagar will be hotbeds for much of these new infrastructural projects.
This should definitely be a boost for the Chennai real estate market, as demand will definitely spiral in locations like these. The corporation is already mulling several projects in T Nagar including multilevel car parking facilities and the integration of the Usman Road flyovers for creating a grade separator linking Mahalingapuram and Anna Salai. With increased importance being given to citizen suggestions and collaboration with leading planners and Central Government agencies, this project will go a long way towards improving overall transport facilities and infrastructures in Chennai according to market experts. Water bodies are also set to be restored if suggestions are keenly implemented. Residents can also expect health and hygiene improvements in the near future.
This should definitely be a boost for the Chennai real estate market, as demand will definitely spiral in locations like these. The corporation is already mulling several projects in T Nagar including multilevel car parking facilities and the integration of the Usman Road flyovers for creating a grade separator linking Mahalingapuram and Anna Salai. With increased importance being given to citizen suggestions and collaboration with leading planners and Central Government agencies, this project will go a long way towards improving overall transport facilities and infrastructures in Chennai according to market experts. Water bodies are also set to be restored if suggestions are keenly implemented. Residents can also expect health and hygiene improvements in the near future.
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