Taller buildings in metro areas
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Areas dotting the proposed three metro rail corridors are set to witness a big change on infrastructure development front.
Taking a cue from Delhi metro, the Chennai Metropolitan Development Authority (CMDA) has decided to develop the areas up to half a km located on either sides of the metro rail corridor.
The project, named as transit oriented development, would pave way for all round development of those in the vicinity for which CMDA will launch a study soon.
And the good news for residents in these areas is that state government is contemplating to increase the floor space index (FSI) for buildings and pave way for vertical growth along those stretches.
“On implementation, the localities along the stretches of the metro rail corridors might witness reclassification of ‘land use zones’, as it would enable more developmental activities,” sources in CMDA told DC.
With the government considering increasing FSI (ratio of land area to the built-up space) for buildings along these stretches, property owners would hit a jackpot as property value will shoot up in these areas.
“It has been decided to develop half-a-km area on both sides of the corridor and a consultant has been recently zeroed in to conduct a feasibility study on exploring potential developments that could be carried out on these stretches.
They will also suggest the extent to which the development regulation norms can be modified,” an official said, adding that an increase in FSI for buildings was on cards that would pave way for vertical growth.
The metro rail project is currently being implemented on two corridors – Washermenpet to airport (via Saidapet 23.1 km) and Chennai Central to St Thomas Mount (via Koyambedu).
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