Property prices shoot up as Chennai Metro project makes a steady progress

Apart from making commuting within the city easy, Chennai Metro Rail has been a boon to the real estate sector.

Those tracking the real estate market said that property prices have shot up across the metro corridors in Chennai ever since it began its journey.

While land prices have appreciated on an average of around 20% to 35% (depending on the location, existing infrastructure and access to basic amenities), property prices have increased by 30% to 40%. Locations across upcoming Metro lines have started seeing a surge in price already but not to the extent of the existing lines.