DOCSLIB.ORG

Commonfloor Report Top Rental Destinations in Chennai

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Commonfloor Report Top Rental Destinations in Chennai CommonFloor Report Top rental destinations in Chennai 1 Introduction: Chennai has become an attractive destination for real estate investment with demand for residential units increasing on a daily basis. Employment opportunities and better standard of living are the key reasons for mass migration of people from different parts of Tamil Nadu and other states. The past decade has seen over 2 lakh people migrating to Tamil Nadu from Karnataka and Kerala alone, most of them settling in Chennai (Urban India, 2011: Evidence). Housing over 8 million people, Chennai residential realty demand has been steadily increasing every year (Census, 2011). There is high rental demand especially in southern Chennai. This is mainly due to the concentration of IT industries in the area. People seeking jobs in these industries tend to settle in rented residential units mostly for quick settlement and easy access. With the urban sprawl moving towards the south and more projects coming in every quarter to satisfy the demand, people consider investing in these projects to rent them for quick returns. This can also be validated by analyzing CommonFloor Listing data. The most popular rental localities are mostly located in the south having most number of listings. The following are the most popular localities in the order of most number of listings whose rental trends will be analyzed in this report. 1. Tambaram 2. Velachery 3. Madipakkam 4. Medavakkam 5. OMR 6. Chromepet 7. Porur 8. Anna Nagar. All these localities comprise more than 30 per cent of the market for rental listings with Tambaram, Medavakkam and Velachery leading the list. Interestingly, these localities are also located in the south of the city proving the point that demand is skewed towards the south of the city. Figure 1 Map showing the rental destinations Tambaram Located in southern Chennai, Tambaram embarked its presence since early 17th century as a small village in the outskirts of the city. It was a camp for English East India Company. Today with a population of around 174,787 (Census, 2011) the locality is one of the largest real estate micro market. In late 1930s, the Madras Christian College was moved to this locality. This initiated the development of the modern Tambaram and pace of development increased when the Beach to Tambaram suburban line became functional. The GST road that passes through the heart of the locality helps the movement of traffic in and out of the area. The micromarket has two other arterial roads in the west namely the Chennai Bypass and Gandhi road that assist in traffic movements. These roads connect the locality with other parts of the city and helps in intercity connectivity as well. The locality is 12 km away from the Meenambakkam international airport. Tambaram also has its own railway station, which is part of both suburban railway and a junction in South Indian Railway line. Various factors are leading to an increased rental demand in this micro market. The rates in Tambaram are affordable for the working class population. Since it is located close to industries, many people tend to rent a flat here. The micro market is also well connected by road and trains which offers accessibility to all parts of the city. Additionally, Tambaram is crowded with several educational institutions. For easy access and daily commutation to these institutions, both parents and students seek houses in this locality. 2 Figure 2 shows BHK-wise availability for rent during August 2014. It can be seen that 2BHK homes have maximum availability for rent and these mostly fall under the affordable category. In Fig. 3 we can notice that one can fetch a 2BHK apartment in the price range of Rs 5,000 - 20,000. Interestingly, there are very few 2 BHK units in the luxury segment. Maximu availability is in the affordable or mid- segments. The 3BHK apartments are available in the price range of Rs 7,000 - 25,000. Fig. 4 indicates the sizes of different segments. For instance, 2BHKs are available in the size range of 731 - 1240 sq. ft. and 3BHKs are available in the size 850 - 1440 sq. ft. Figure 2: Chart showing BHK availability Source: CF Listing Data Figure 3 Chart showing the prices of different residential units Figure 4 Chart showing the sizes of different residential units Source: Real insights by CommonFloor.com Source: Real insights by CommonFloor.com Fig. 5 shows the rental yield of different properties in the locality. Rental yield is the percentage of return that an individual acquires when he invests in an asset. The rental yields of different type of properties are shown in the graph. It shows that the rental yield for 2BHK with considerable demand is 3.2 per cent while for 3BHK it is 3.7 per cent. The graph clearly shows that investing in properties so as to rent them out is a profitable investment in Tambaram. Hence, the demand for investing in rental properties are rising steadily. The most profitable investment in Tambaram is 1BHK house with nearly 6 per cent Figure 5 Chart showing the rental yield for different properties rental yield. Source: Real insights by CommonFloor.com 3 Quick Facts 1. Good rental yield. 2. Located close to IT industries in the OMR and better accessibility. 3. Affordable prices and well-developed infrastructure and connectivity. 4. Close to airport and other major localities for easy access. 5. Offers rental options with highest rental yield in the city. Velachery6. Has its own suburban railway stations with appropriate feeder services. Velachery7. Stable is one market of the covetedwith few realer fluctuations. estate hotspot where anyone would like to own a property or build his or her livelihood. This micro market occupies a prominent position in proximity to OMR. Velachery was mostly covered by farmlands until early 1990s. But the locality started to get its shape after the widening of the Chennai Bypass road during 2005. The development of this locality is mainly due to the IT industries around it and near the OMR. Velachery main road connects the locality to other arterial roads and helps in commutation of individuals. The international airport is 8.5 km away. The locality has a railway station, which is a part of the suburban railway network. The IT companies along the OMR corridor mainly drive the demand for Velachery. The locality has well developed infrastructure and good connectivity, which keeps the demand high. Velachery has higher rental price when compared to the surrounding localities due to the amenities that the apartments provide. Fig. 6 shows the BHK availability for rent. The most preferred property type here includes 2BHK apartments. This is due to the presence of huge amount of working class people who prefer 2BHK apartments which suits their budget and maintenance cost bearing. There are fair amount of 3BHKs available for rent. While 2BHK are about 57 per cent a half of the total listings, 3BHK are near one- third the amount. Figure 6 Chart showing BHK availability. Source: Real insights by CommonFloor.com The huge peaks and the small columns in Fig. 7 suggest that Velachery has availability of both luxury and affordable type units for rent. 2BHKs are available in the range of Rs 7,500 - 38,000 ranging between affordable to upper middle class type apartments. Same is the case for 3BHK apartments and their prices are in the range of Rs 9,800 - 35,000. 4 Figure 7: Chart showing rental prices and sizes of different residential units. Source: Real insights by CommonFloor.com The rental yield in this micro market is not high enough to match the demand and the hype the locality witnesses. This is mainly because many opt to buy properties here and settle in. As for rent, they opt for cheaper surrounding localities where the rental prices are low and affordable. 1 BHK houses give the highest return with 3.66 per cent rental yield, mostly occupied by the affluent class. Whereas 2BHK and 3BHK yield 2.78 per cent and 2.31 per cent respectively. Figure 8 Chart showing rental yield. Source: Real insights by CommonFloor.com Quick Facts 1. High rental yield for 1 BHK apartment. 2. Locality consists of many luxurious and high-end projects. 3. Higher number of 3BHK apartments compared to other localities. 4. Rental prices are high compared to other localities in the surrounding area. Madipakkam Madipakkam, another important suburb located in South Chennai has been attracting a fair rental demand in the last few years. Located in the centre of other important localities like Velachery, Medavakkam, Pallikaranai, Pallavaram and Nanganallur, the demand for rental real estate is on a steep climb. The Velachery main road is the most important artery for traffic commutation of this micro market. The OMR and GST road are also very close by, which gives access to the IT industries in the south and connects the micro market to other localities in the Central and North Chennai. The locality is 6 km away from the International airport. 5 Madipakkam is one of the most desired locality for people with limited budget. Most of the residential units here are rented out at affordable rates. Being close to the IT industry corridor in OMR the locality attracts huge demand from those companies who work in lower hierarchies. Add to this, the locality also has well developed infrastructure and well established connectivity. Fig. 9 shows the BHK availability in the locality. As expected, there are multiple units available for rent in 2BHK segment since demand is exceedingly high. While Figure 9 Chart showing BHK availability. 1BHK and 3BHK are found in almost equal proportions.
Load more

Recommended publications
  • The Chennai Comprehensive Transportation Study (CCTS)
    ACKNOWLEDGEMENT The consultants are grateful to Tmt. Susan Mathew, I.A.S., Addl. Chief Secretary to Govt. & Vice-Chairperson, CMDA and Thiru Dayanand Kataria, I.A.S., Member - Secretary, CMDA for the valuable support and encouragement extended to the Study. Our thanks are also due to the former Vice-Chairman, Thiru T.R. Srinivasan, I.A.S., (Retd.) and former Member-Secretary Thiru Md. Nasimuddin, I.A.S. for having given an opportunity to undertake the Chennai Comprehensive Transportation Study. The consultants also thank Thiru.Vikram Kapur, I.A.S. for the guidance and encouragement given in taking the Study forward. We place our record of sincere gratitude to the Project Management Unit of TNUDP-III in CMDA, comprising Thiru K. Kumar, Chief Planner, Thiru M. Sivashanmugam, Senior Planner, & Tmt. R. Meena, Assistant Planner for their unstinted and valuable contribution throughout the assignment. We thank Thiru C. Palanivelu, Member-Chief Planner for the guidance and support extended. The comments and suggestions of the World Bank on the stage reports are duly acknowledged. The consultants are thankful to the Steering Committee comprising the Secretaries to Govt., and Heads of Departments concerned with urban transport, chaired by Vice- Chairperson, CMDA and the Technical Committee chaired by the Chief Planner, CMDA and represented by Department of Highways, Southern Railways, Metropolitan Transport Corporation, Chennai Municipal Corporation, Chennai Port Trust, Chennai Traffic Police, Chennai Sub-urban Police, Commissionerate of Municipal Administration, IIT-Madras and the representatives of NGOs. The consultants place on record the support and cooperation extended by the officers and staff of CMDA and various project implementing organizations and the residents of Chennai, without whom the study would not have been successful.
    [Show full text]
  • National Highways Authority of India (Ministry of Road Transport & Highways, Govt.Of India)
    NATIONAL HIGHWAYS AUTHORITY OF INDIA (MINISTRY OF ROAD TRANSPORT & HIGHWAYS, GOVT.OF INDIA) Regional Office, Chennai SRI Tower, 3rd Floor DP-34 (SP), Industrial Estate, Guindy, Chennai – 600 032. Independent Engineer services for Package - I Four Laning of balance work and Operation and Maintenance of Tirupathi – Tiruthani – Chennai Section of NH-205 from Km.274.800 to Km.338.030 in the State of Andhra Pradesh and from Km 0.000 to Km 61.470 in the State of Tamil Nadu on Design, Build Finance, Operate and Transfer (DBFOT) Toll Basis AND Package - II For Chennai Bypass from Km 0.000 to Km 32.600 in the State of Tamil Nadu (Consultancy Package No. RO Chennai/IE/O&M/2016/Package-VI) REQUEST FOR PROPOSAL (RFP) January – 2017 NHAI-RO_Chennai RFP for IE Services CONTENTS Sr. No. Particulars Page No. 1 SECTION 1 : Information to Consultants 3-7 2 SECTION 2 : Letter of Invitation 8-27 3 SECTION 3 : Format for Submission of Firms Credentials. 28-30 4 SECTION 4 : Format for Submission of Technical Proposal. 31-41 5 SECTION 5 : Format for Submission of Financial proposal. 42-49 6 SECTION 6 : Terms of Reference. 50-65 7 SECTION 7 : Draft Form of Contract. 66-129 8 SECTION 8: Self Evaluation Sheet 130-136 IE TENDER DRAFT FINAL (NH-205) 2 NHAI-RO_Chennai RFP for IE Services REQUEST FOR PROPOSAL (RFP) SECTION-1 INFORMATION TO CONSULTANTS Sub: Independent Engineer services for Package-I - Four Laning of balance work and Operation and Maintenance of Tirupathi – Tiruthani – Chennai Section of NH- 205 from Km.274.800 to Km.338.030 in the State of Andhra Pradesh and from Km 0.000 to Km 61.470 in the State of Tamil Nadu on Design, Build Finance, Operate and Transfer (DBFOT) Toll Basis AND Package-II - For Chennai Bypass from Km 0.000 to Km 32.600 in the State of Tamil Nadu.
    [Show full text]
  • Twentieth Annual Report 2019-20
    (A Company of Chennai Port Trust) Ministry of Ports, Shipping and Waterways, Government of India (CIN: U45203TN1999GOI043322) TWENTIETH ANNUAL REPORT 2019-20 KAMARAJAR PORT LIMITED Board of Directors DIN Shri Sunil Paliwal, Chairman-cum-Managing Director 01310101 Shri P. Raveendran, Nominee Director- ChPT 07640613 Shri S. Balaji Arunkumar, Nominee Director- ChPT 07526368 Shri V.M.V. Subba Rao, Independent Director 02435597 Capt. Anoop Kumar Sharma, Independent Director 03531392 Smt. Sarla Balagopal, Independent Director 01572718 Key Officials Depositories Shri Sanjay Kumar, National Securities Depository Limited General Manager (CS & BD) Central Depositories Services (India) Limited Shri M. Gunasekaran, Registered Office General Manager (Finance) cum CFO 2nd Floor (North Wing) & 3rd Floor Jawahar Building, Capt. A.K. Gupta, 17, Rajaji Salai, Chennai - 600 001. General Manager (Marine Services) Ph: 044 - 25251666-70 / Fax : 044 - 25251665 Shri V. Krishnasamy, Registrar & Share Transfer Agent General Manager (Operation) Link Intime India Private Limited Shri P. Radhakrishnan, C-101, 247 Park, L.B.S Marg Deputy General Manager (Civil) Vikhroli (West), Mumbai – 400 083. Ph : 022 – 49186000 / Fax : 022 - 49186060 Smt. Jayalakshmi Srinivasan Statutory Auditors Company Secretary M/s. B. Thiyagarajan & Co. Debenture Trustees Chartered Accountants (i) SBICAP Trustee Company Ltd Internal Auditors Mistry Bhavan, 4th Floor, M/s. Joseph & Rajaram 122, Dinshaw Vachha Road, Chartered Accountants Churchgate, Mumbai – 400 020. Ph: 022 – 43025555 Secretarial
    [Show full text]
  • Master Plan for Kamarajar Port
    Master Plan Report - Final May 2016 MASTER PLAN FOR KAMARAJAR PORT Master Plan for Kamarajar (Ennore) Port Prepared for Ministry of Shipping / Indian Ports Association Transport Bhawan, 1st Floor, South Tower, NBCC Place Sansad Marg, B. P Marg, Lodi Road New Delhi,110001 New Delhi - 110 003 www.shipping.nic.in www.ipa.nic.in Prepared by AECOM India Private Limited, 9th Floor, Infinity Tower C, DLF Cyber City, DLF Phase II, Gurgaon, Haryana, India, Pin 122002, India Telephone: +91 124 4830100, Fax: +91 124 4830108 www.aecom.com July 2016 © AECOM India Private Limited 2016 This document has been prepared by AECOM India Private Limited for the sole use of our client (the “Client”) and in accordance with generally accepted consultancy principles, the budget for fees and the terms of reference agreed between AECOM India Private Limited and the Client. Any information provided by third parties and referred to herein has not been checked or verified by AECOM India Private Limited, unless otherwise expressly stated in the document. No third party may rely upon this document without the prior and express written agreement of AECOM India Private Limited. All rights reserved. No section or element of this document may be removed from this document, reproduced, electronically stored or transmitted in any form without the written permission of AECOM India Private Limited. SAGARMALA: Master Plan for Kamarajar (Ennore) Port Final Report Quality Information Client: Indian Ports Association/ Ministry of Shipping Contract No. (if any): NA Project Title: SAGARMALA: Master Plan for Kamarajar Project No.: DELD15005 (Ennore) Port Document No: DELD15005-REP-0000-CP-1007 Controlled Copy No: SharePoint Ref: Document Title: Master Plan for Kamarajar (Ennore) Port Covering Letter/ Transmittal Ref.
    [Show full text]
  • CMRL/PHASE II/CORRIDOR 4/C4-ECV-02 International Open Competitive Tender
    CHENNAI METRO RAIL LIMITED CHENNAI 600017 INDIA Specific Procurement Notice (SPN) SPN No: CMRL/PHASE II/CORRIDOR 4/C4-ECV-02 International Open Competitive Tender Country : INDIA Employer : Chennai Metro Rail Limited Project : Chennai Metro Rail Phase 2 Corridor 4 Package:C4-ECV-02 Loan No. : AIIB / [loan under process] Contract Title : “Construction of Elevated Metro Stations at Chennai bypass crossing,Ramachandra Hospital, Iyyapanthangal Bus Depot, Katupakkam, Kumanan Chavadi, Karayan Chavadi, Mullai Thottam, Poonamallee Bus Terminus, Poonamallee Bypass & associated viaduct from chainage 17982.240 to chainage. 25928.186 and approach to depot at Poonamallee & all associated works” 1. The Government of India has applied for financing from the Asian Infrastructure Investment Bank (AIIB) toward the cost of construction of the Chennai Metro Rail Limited Corridor4, and intends to apply part of the proceeds toward payments under the contract for Construction of Elevated Metro Stations at Chennai bypass crossing, Ramachandra Hospital, Iyyapanthangal Bus Depot, Katupakkam, Kumanan Chavadi, Karayan Chavadi, Mullai Thottam, Poonamallee Bus Terminus, Poonamallee Bypass & associated viaduct from chainage 17982.240 to chainage. 25928.186 and approach to depot at Poonamallee & all associated works (herein after called as “Package C4-ECV-02”) 2. Chennai Metro Rail Limited (CMRL) an implementing agency, now invites online tenders from eligible Tenderers for Package C4-ECV-02 fulfilling the qualification criteria as mentioned in the tender document under single stage two envelop (Technical & Financial) system as detailed in the Table below. The duration of the contract (completion period of work) is 36 months. Tenderers are advised to note the clauses on eligibility (Section 1 Clause 4), minimum qualification criteria (Section 3 – Evaluation and Qualification Criteria), to qualify for the award of the contract.
    [Show full text]
  • Introduction
    HIGHWAYS AND MINOR PORTS DEPARTMENT DEMAND NO- 21 POLICY NOTE ON ROADS, BRIDGES, MINOR PORTS AND SHIPPING 2009-2010 INTRODUCTION An efficient road and port infrastructure is essential for the economic and social development and well being of the State. Tamil Nadu being the 11th largest state of India, there is a steep increase in Vehicle population of the State due to the development of Industries, Information Technology and other sectors. The road infrastructure is developed on the basis of the Indian Road Congress norms so as to stimulate the development process. Total area of Tamil Nadu is 1,30,058 Sq km. The length of Roads available in Tamil Nadu state is 1,94,087 Km approximately. In this 61,641 Km length of roads are maintained by MORT&H, Government of India and State Highways Department. Apart from this certain roads are maintained by local bodies and other Departments. Different categories of roads and their length: Category of road Length(Km) National Highways(NH) 4,873 State Highways(SH) 9,384 Major District Roads(MDR) 11,288 Other District Roads(ODR) 36,096 Total 61,641 1 Different types of Bridges and their numbers: Type of Bridges Numbers Major Bridges 1318 Minor Bridges 7710 Culverts 103935 Road over bridges in 179 railway level crossings Road under bridges in 57 railway level crossings Tamil Nadu is in the forefront in the development of road infrastructure. The density of road network in the country is 329 Km per lakh of population and the density of road Network in Tamil Nadu is 311 Km per lakh of population.
    [Show full text]
  • Chennai: from Resilience to Growth Real Estate Growth Led by Infrastructure, Investments and Industries
    Chennai: From Resilience to Growth Real estate growth led by Infrastructure, Investments and Industries February 2019 In Association with 2 Chennai: From Resilience to Growth Chennai: From Resilience to Growth 3 Table of contents 04 Foreword 06 Chennai: An Overview Chennai: Infrastructure 10 Snapshot Existing Upcoming 19 Residential Real Estate Overview Zone-Wise Analysis Chennai Consumer Survey Analysis Chennai on the cusp of 26 recovery 30 State government confident on IT-ITeS & Auto sectors’ progress IT-ITeS to drive southern suburbs Major investments in the Automobile industry to fuel Chennai growth 34 Chennai to convert opportunities to strengths SWOT Analysis 35 Outlook 4 Chennai: From Resilience to Growth 1 Foreword he growing threat of trade war between USA T and China has caused the central banks of many countries to protect their currencies at the cost of their growth. Amidst this global apprehension, India, remains relatively insulated from such external shocks. India also stands to benefit and emerge as a major beneficiary through a comparative advantage. Exports across the sectors from India have been on the rise while manufacturing and services sectors continue to be the key economic growth drivers. Chennai – a major metropolitan city with historical importance and significance has been tough and resilient to combat the impact of natural calamities and emerge as a strong contender to become an outstanding contributor to the growth and Anuj Puri development of the nation. The city’s economy has Chairman been driven by services and manufacturing sectors ANAROCK Group and maintains a perfect balance of overall growth. Its strategic position which enjoys a large network of major roads, railways, ports and airports have been instrumental in enabling trade from the city.
    [Show full text]
  • Overview of Chennai City
    OVERVIEW • Chennai, (formerly Madras) located on the northeastern tip of the southern Indian state of Tamil Nadu. • India's fourth largest city and the capital of Tamil Nadu. It is often referred to as the `Gateway to the South'. • The city is located on the Coromandel Coast, with the Bay of Bengal along its shoreline, was formerly a cluster of villages which grew around the British settlement of Fort Saint George. HISTORY • Madras, acquired its name from Madraspattinam which is a fishing village situated to the north of Fort St. George • During 16th and 18th century, Madras was ruled by Portuguese and Frenchmen. • Madras was the only Indian city which was attacked during the World War I. • After India gained independence in 1947, Chennai became the capital of Madras State. In 1969 Madras state was renamed as state of Tamil Nadu. • In 1995 when Bombay was renamed to Mumbai, the ruling political party renamed Madras to Chennai. GEOGRAPHY Location • The geographical coordinates of Chennai is 13°04’N latitude and 80°17’E longitude. It is located at an altitude of 8 meters approximately from the sea level. Climate • Chennai city has a tropical climate and is hot and humid throughout the year. Temperatures: • Winter- 18-32 degrees Celsius. • Summer- 21-40 degrees Celsius Four Divisions: • North- North Chennai is primarily an industrial area. • Central-Central Chennai is the commercial heart of the city and includes an important business district. • South and West -South Chennai and West Chennai used to be residential areas. Though, now they are becoming commercial regions with many information technology firms, financial companies and call centre's.
    [Show full text]
  • 6.4 Railways 6.4.1Sector Overview
    6.4 Railways 6.4.1 Sector Overview The CBIC Area has a dense railway network comprising 2,806 route km, all of which is broad gauge (1,676 mm) – please see a network illustration in Figure 6.4.1. The network is maintained and operated by three zonal railway organizations under the Ministry of Railways (MOR). The largest component of the network is that of the South Western Railway (1,285 route km), operated from a base in Hubli, Karnataka. The Southern Railway, based in Chennai, operates 950 route km and the South Central Railway, with a headquarters in Secunderabad, operates 566 route km within the CBIC boundary. Passengers dominate the traffic on this network, particularly on the Southern Railway portion which generates most of its revenue from passenger traffic. The network consists of a central east-west route of 675 km linking Chennai with Chitradurga, via Bengaluru, plus another 21 routes generally running north and south from Chennai or Bengaluru. The network has the following functions: It connects inland industrial centres with east coast ports in Chennai, Ennore, Krishnapatnam, and, in the future, with new ports in Kattupalli and (possibly) Duggirajapatnam It connects the CBIC area to the major cities of India It connects the inland industrial centres of CBIC with other manufacturing centres located outside the CBIC Area. In particular, the CBIC railway network provides some important trunk line connections between: Chennai and Gudur Junction (a “Golden Quadrilateral” connecting Chennai with Delhi and Kolkata); Chennai, Renigunta and Nandalur (also a “Golden Quadrilateral” connecting Chennai with Hyderabad and Mumbai); Chennai-Salem, Chennai-Villupuram and Bengaluru-Mysore (links with major cities and with agricultural areas in the south); Bengaluru and Dharmavaram (links to Hyderabad, Mumbai and Delhi, as well as the steel producing region around Bellary); and Bengaluru and Chitradurga/Rayadurga (links to Mangalore Port to the southwest and Bellary to the north).
    [Show full text]
  • India's 11 Super Expressways
    India’s 11 Super Expressways India, a developing country has world’s third largest road network but when we talk about expressways, we can hardly name a few like Mumbai-Pune Expressway and Delhi-Gurgaon Expressway. So we decided to tell you about some of the other expressways in India. Here is the list of India’s top 11 Super Expressways 1) Ahmedabad Vadodara Expressway Ahmedabad Vadodara Expressway is 95 km long and joins Ahmedabad and Baroda in Gujarat. It is also referred as National Expressway 1. This expressway was opened to public in 2004 and was constructed under the Golden Quadrilateral Project by NHAI. 2) Mumbai-Pune Expressway Mumbai-Pune Expressway (official name is the Yashwantrao Chavan Expressway) is 93 km long and is considered as one of the best expressways in India. It is India’s first six lane high speed expressway and was made by Maharashtra State Road Development Corporation (MSRDC) at a staggering cost of Rs 1,630 crore (US$363.49 million). It was opened to public in April 2002 3) Jaipur-Kishangarh Expressway Jaipur-Kishangarh Expressway is 90km long and it connects Jaipur with Kishangarh. It was constructed under the Golden Quadrilateral National Highways Development Project and its cost was USD 154 million. More than 20,000 vehicles pass from this highway everyday. 4) Allahabad Bypass Allahabad Bypass covers a distance of 86 km and is one of the most remarkable achievements of the Golden Quadrilateral project. It connects India’s four main metropolians New Delhi, Kolkata, Mumbai and Chennai. 5) Ambala Chandigarh Expressway Ambala Chandigarh Expressway covers a distance of 35 km and has reduced the traffic congestion to a much greater extent.
    [Show full text]
  • Highways Department Demand No:20 Policy Note on Roads, Bridges and Shipping 2005-2006
    HIGHWAYS DEPARTMENT DEMAND NO:20 POLICY NOTE ON ROADS, BRIDGES AND SHIPPING 2005-2006 I. INTRODUCTION Development of infrastructure leads to economic growth of a region and improved living conditions of the people. The development of road infrastructure in particular will accelerate the growth in industry, power, road transport and also in social development. Development of a good road network also acts as a catalyst for economic development of the rural areas of the State. The road network of the State influences considerably the economic development, population distribution, the size and shape of cities and towns, energy consumption, access to social infrastructure and above all the quality of life. The government under the dynamic leadership of the Hon’ble Chief Minister does not consider the roads as mere connecting links but as an essential requirement for the over all development of the State. Tamil Nadu has a more extensive road network than most Indian States. The total length of roads in the State is 1,78,062 Km, of which 61,289 Km is managed by the Highways Department. The 61,289 Km of road network comprises 3850 Km of National Highways, 7230 Km of State Highways, 7383 Km of Major District Roads, 41,191 Km of Other District Roads and 1635 Km of Sugar-cane roads. In terms of road density per 100 square Km, the State’s position is commendable that it increased from 29.70 Km in 1951 to the present level of 127.68 Km, which is about 70% more than the national average of 74.73 km per 100 sq.km.
    [Show full text]
  • Environmental Impact Assessment (EIA, English)
    *OFFICIAL USE ONLY Environment Impact Assessment (EIA) October 2020 Chennai Peripheral Ring Road Project Section 2 & 3 Highways Department (Government of Tamil Nadu) *OFFICIAL USE ONLY TABLE OF CONTENTS EXECUTIVE SUMMARY ........................................................................................ 1 1. INTRODUCTION ........................................................................................... 7 1.1 Project Rationale .................................................................................. 7 1.2 Objectives of the Project ......................................................................... 7 1.3 Project Status ...................................................................................... 8 1.4 Purpose of Environmental Impact Assessment (EIA) .......................................... 9 1.5 Structure of EIA Document ...................................................................... 11 2. PROJECT DESCRIPTION ................................................................................ 13 2.1 CPRR Section 2 (Thatchur on NH 16 to Start of Thiruvallur Bypass) ...................... 13 2.2 CPRR Section 3 (Start of Thiruvallur Bypass to Sriperumbudur on NH 48) ............... 15 2.3 Analysis of Alternatives .......................................................................... 19 2.4 Engineering Surveys and Investigations ....................................................... 23 2.5 Traffic Study ....................................................................................... 25
    [Show full text]