With the final flag-off of the last stretch of the Blue line metro corridor in Chennai between AG-DMS, Washermanpet, the realty market of the surrounding areas is all set to receive a major boost in coming few years. The Blue line which is also touted as the lifeline of the city is a 45 km long route of phase-1 of the Chennai Metro Project. Of this, AG-DMS, Washermanpet metro corridor is of 10 km which is completely underground.
About AG-DMS, Washermanpet Metro Corridor
This stretch has a total of 8 stations namely- AG-DMS, Thousand Lights, LIC, Government Estate, Chennai Central, Madras High Court, Mannady and Washermanpet. The corridor is more important in a sense, that it connects the northern part of the city to the International Airport through with Chennai Central railway station. The whole corridor passes through the busiest road Anna Salai on which the daily commuters face major traffic due to heavy congestion. With this metro stretch, the traveling time between Airport and Washermanpet reduced to a mere 45 minutes.
Impact on Realty Market
According to experts, metro line connectivity has the potential to boost the realty market of the concerned and surrounding areas. Same is the case with AG-DMS, Washermanpet Metro Corridor. With better infrastructure, it’s obvious that homebuyers, as well as developers, will prefer these areas to invest in their dream home. It will also lead to a hike in property prices in areas like Washermanpet, AG-DMS, Thousand Lights, and Government Estate, etc. At present, the average property price in these areas is much less as compared to other parts of the city. But with, augmented metro connectivity, the realty market will definitely take a U-Turn in the coming few years with 20-25% of growth.