Upcoming metro attracts buyers towards Karapakkam
Metro Description: Metro connections play an essential role in raising the value of any place. Here you will learn why the upcoming metro attracts home or real estate property buyers toward Karapakkam.
Introduction
The public transportation system is the most crucial feature or infrastructure that shows a place’s importance. Any public transportation system is the reflection of the development in the locality. But why any public transportation system is known as the reflection of growth? The whole public transportation system creates daily movement and transportation between places, workplaces, and all residential areas. Daily trips through these kinds of public transportation systems help build the bridge between social relations and transactions. All public transportation is also known as the indicator of the economic activities of any region. Day by day, the actual social connection is growing. As a result, the public transport system is also enhanced and is increasing the value of the overall locality.
Metro rail is one of the most demanding public transport systems in India. Metro rail projects are considered the best public project because they facilitate people with a safe and quick movement from their locations to destinations. Also, with the help of the metro rail service, it is easy to reach distant places in less time, which means the metro rails help to connect hard to get places quickly.
Another important thing is people do not need to use any extra vehicles, so the traffic is not an issue. Metro rail is also an eco-friendly transport service. Since the inception of the metro rail, the quality of the whole area can change and is always upscale. By saying this, we are trying to indicate that a metro rail project can provide more economic activities to the less significant part of any society. Nowadays, any metro rail project is a boon to the community because it opens up many job opportunities; it enhances the value of any land or nearby locality. Also, it helps people to get easy access to any important place. In 2017, a new National Metro Rail Policy was started that mentioned that any city with a population of 20 lakhs or more should look for Mass Rapid Transit Systems, i.e., metro rail.
In Chennai, Karapakkam is where the upcoming metro project will be in action soon. Now, the thing is how this metro project will attract more people to this place. In this article, you will learn all those important factors and other details satisfying the thought.
Let’s start with it.
Know something about the place Karapakkam
Karapakkam is an average significant location in Chennai. The location is on the Old Mahabalipuram Road, also known as OMR roadways. Karapakkam is lying between two major IT hubs of Thoraipakkam and Sholinganallur. The Karapakkam is also quite parallel to the Injambakkam location on the ECR Highway. The whole area is situated near significant places like Sholinganallur, Thoraipakkam, Pallaikaranai, Injambakkam, etc. Nearby railway stations are Perungudi railway station and Velachery railway station. Both of these stations are located within 10 km of Karapakkam. Chennai international airport is situated 19 km away from Karapakkam.
Karapakkam is a less significant segment of Greater Chennai but still houses many BPO, IT/ITES companies. Among the numerous companies are Mahindra Satyam, Accenture India, Capgemini India, Pantheon, Photon Infotech, Scope International, Tata Consultancy Services, Cognizant Technology Solutions, and Infosys. Apart from accommodating those tech giants and other industries, Karapakkam also houses Panchayat elementary school, Hindustan International School, Government schools, etc. Major colleges like Thangavelu Engineering College, KCG College of Technology, and Hindustan International School are situated near the location. Apollo hospital, Chettinad Hospital, etc., are quite close to Karapakkam.
Karapakkam is also a good and peaceful place because of many century-old temples like Arulmigu KaliAmman temples, Arulmigu Draupadi Amman, Arulmigu Vendavarasi Amman, Arulmigu Gangai Amman, etc. Karapakkam also houses entertainment zones and shopping malls like Grand Square, Marg Junction Mall, Saravana Stores, The Crown Mall, Phoenix Marketcity, and The Marina Mall.
So, it is true that Karapakkam is packed with various essentials and luxurious amenities that attract people. Recently, phase 2 of the metro connection will connect the locality with other parts of Chennai. Hopefully, the metro will enhance the link and elevate the Karapakkam locality’s importance.
Benefits of a metro rail project
Metro rail is one of the most demanding public infrastructures that elevates the overall value of the particular locality. As the metro connection is the most convenient and accessible, the demand is always higher, which creates more opportunities through the metro. The first result of metro rail development will be the higher price of nearby lands or residential projects.
But apart from this, there are a few benefits too which are obtained from a metro project. Here are those benefits that we can enjoy.
- Metro rail is the most efficient public transport system. It is the most convenient commute system regarding energy consumption, space occupancy, and numbers transported.
- Metro rail is known as a high-capacity carrier without creating any mess. It can easily take as much traffic as seven lanes of bus traffic or 24 lanes of car traffic. During peak time, it can carry many metro users.
- Metro rail is an eco-friendly transport system. It causes no such air pollution or any sound pollution.
- Metro rail consumes 20% low energy compared to any road-based transport system.
- Metro rail also consumes lower ground space compared to other commuter systems.
- Metro rail is the fastest transport system that can reduce the journey time by 50% to 75%. It helps people reach their destination without wasting extra time in heavy traffic.
As metro rail connectivity has a lot of benefits, it is the most demanding transport system. Whether it is situated in a location or there is a new metro rail connectivity plan, the demand for that particular location will always increase.
Why will the upcoming metro attract more buyers to Karapakkam?
Karapakkam is already a developing locality. There are substantial transportation facilities on roadways and nearby railways. With time, the demand for metro rail connectivity became essential in this area. In Chennai, there is already a well-connected metro rail system which is a joint venture of the Indian Central Government and the Tamil Nadu Government. The first phase of the metro is open, whereas the second phase will open very soon.
Phase 2 of the metro rail connectivity will extend from Lighthouse to Poonamallee, along with the Madhavaram–Sholinganallur and Lighthouse–Poonamallee lines intersecting at Alwarthirunagar. These lines will cross through Karapakkam. As the significant metro lines will cross Karapakkam, there will be a viable option for the public to avail of the fastest service, which will help them to reach their destination or workplaces and residences from work. It will be easier to avail of any location without heavy traffic or extra time. Instead, it will increase the demand for the Karapakkam.
You may know that the nearby transport system affects the cost and value of the location. Nearby locations of metro rail increase the price of nearby land, commercial plots, or residential plots. In the same way, metro rail will also increase the overall price, which means the overall value will increase for Karapakkam. There will be a new economic condition that will constantly be active and upscale. Any new metro project means there are a lot of chances for new career options. It will create more job vacancies. People will get more job options in nearby locations.
Also, Karapakkam connects various IT hubs, significant schools, colleges, hospitals, etc. With the help of metro rail connectivity, it will be easier to connect those places without spending more time in heavy traffic.
As for real estate properties, it will increase the demand for residential and commercial properties nearby because people always desire the best location in terms of the commute system. Real estate investors and developers will invest more in this locality. People will hunt for residential projects. But the thing is, the closer to the metro rail station, the higher the price of real estate properties. Though the cost may increase, the demand for land, plot, or real estate properties will remain the same. So, overall it will affect the whole area of Karapakkam.
Bottom Line
So, we have reached the end of the context. We have gathered all the information to help you understand why the upcoming metro will attract buyers to Karapakkam. Karapakkam is now an average significant area but still has many major infrastructures and employment hubs. The upcoming metro project will help all residents of Karapakkam to connect to other places easily, safely, and of course, conveniently. Also, the metro rail connectivity will increase the price of the local area of Karapakkam. More real estate properties will come soon. As many employment hubs are situated nearby, more people will choose this place as their residential address to easily avail of the metro and reach their destinations. So, here is all for the topic. Hope you have learned all those factors. Stay tuned with us to get more information.
Frequently Asked Questions (FAQs)
- Mention a few employment hubs near Karapakkam.
Some major employment hubs near Karapakkam are Elcot SEZ, Bahwan Cybertek IT Park, Ceedeeyes Tech Park, Chennai One IT Park, Futura Tech Park, etc.
- Mention some of the best residential projects in Karapakkam.
Some major residential projects in Karapakkam are Casagrand Savoye, Doshi Risington, Ruby Ananta, etc.
- What are the two main roads passing through Karapakkam?
Old Mahabalipuram Road (OMR) and Kajarajan Main Road are two major roads.
- What is the location of Karapakkam?
Karapakkam is one of the developing localities in Chennai, which is experiencing massive growth in major public transportation systems, roadways, and other such social infrastructures, etc. There are a lot of nearby schools, colleges, hospitals, banks, etc., which raises the value of the location. Also, the upcoming metro rail project will increase the overall value and price of the locality. It will elevate the economic condition of the locality. More job opportunities will be opened up with the inception of the metro rail project in Karapakkam.
- Is the metro rail line project good for any location?
Metro rail connection is one of the most demanding infrastructures of any city. It helps to connect significant places from any location. It also helps to save a lot of time in reaching the destination. With the growth of the metro project, people can enjoy a fast and safe journey. So, the metro line project is always the best idea to adopt in any city. So, it is really good to choose any location considering the metro line project. The project will also increase the rent value along the location.
