As part of its non-fare revenue generation strategy, Chennai Metro Rail Limited (CMRL) has unveiled plans to develop commercial properties at MVN Nagar in Thirumangalam, Nandanam, and Thousand Lights metro stations. These developments will be seamlessly integrated with metro infrastructure, providing commuters with easy access to retail, office, and commercial spaces while boosting metro connectivity and convenience.
A contract agreement has been signed with Aarvee Associates Architects Engineers & Consultants Pvt Ltd and ANAROCK Property Consultants Pvt Ltd to conduct a Detailed Project Report (DPR), feasibility study, market analysis, and transactional advisory. The ₹41.87 lakh contract was officially awarded on December 20, 2024, with the final DPR expected to be completed by March 2025.
In the presence of Thiru. T. Archunan, Director (Projects), the Contract Agreement was signed by Tmt. Rekha Prakash, CGM (P&D), on behalf of CMRL, and by Tmt. J.K. Nandana, Associate Vice President, on behalf of Aarvee Associates, along with Thiru. S. Vinoth, Vice President of ANAROCK Property Consultants Pvt Ltd. Senior officials from CMRL and the consulting firms attended the occasion, marking a significant step forward in Chennai’s metro expansion and urban development.
Strategic Locations for Development
MVN Nagar (Thirumangalam) Metro Station
- Integrated commercial development connected to metro station entry/exit.
- Designed for seamless access to transit facilities.
Nandanam Metro Station
- Located near the existing station and opposite the metro administration building.
- Planned for retail, office spaces, and other mixed-use developments.
Thousand Lights Metro Station
- Directly connected to both Phase 1 and Phase 2 stations.
- Enhanced urban convenience through transit-oriented development.
Significance of the Property Development Plan
Boost to Metro Connectivity & Urban Infrastructure
- Enhancing metro station accessibility through integrated urban development.
- Encouraging public transport adoption by providing commercial and retail spaces within metro hubs.
Non-Fare Revenue Generation for CMRL
- Diversifies Chennai Metro’s income streams beyond ticket sales.
- Encourages public-private partnerships to fund future metro expansions.
Economic Growth & Real Estate Development
- Increases real estate value around metro corridors.
- Encourages business growth, retail expansion, and office space development in prime locations.
Project Timeline & Execution
The DPR, feasibility study, and land use reports will be submitted for approval to the Chennai Metropolitan Development Authority (CMDA) and Greater Chennai Corporation (GCC). The final DPR submission is scheduled for March 2025, paving the way for property development tenders and execution.
Impact on Chennai’s Urban Landscape
This initiative aligns with global best practices in transit-oriented development, where metro stations double as commercial hubs, enhancing the overall commuter experience. By integrating metro infrastructure with office spaces, retail outlets, and lifestyle amenities, CMRL aims to make Chennai’s metro system financially sustainable while improving urban mobility.
Once completed, these developments will serve as landmark commercial centers, fostering a modern, connected, and economically vibrant metro ecosystem for Chennai’s growing population.