CMRL Awards ₹67 Lakh Contract for DPR on Property Development Across Phase 1 and 2

CMRL has given contracts to Jones Lang Lasalle for preparing a detailed project report on property development at its key sites in Phase 1 and 2. The estimated cost of the project is ₹67 lakh without GST. The stations covered will be Alandur, Alapakkam Junction, Boat Club, Nandanam, and Wimco Nagar Depot.

The development will aim to generate both fare and non-fare revenue by integrating commercial and residential properties with metro stations. Notably, the property development at Alapakkam will be connected to the Phase 2 station entry/exit through a foot overbridge (FOB). Similarly, Nandanam’s property development will be linked to the upcoming underground Phase 2 station. Alandur’s property development will connect to both Phase 1 and Phase 2 metro stations, enhancing accessibility.

Wimco Nagar Depot station will feature an innovative eight-floor property development above the existing metro building, further expanding CMRL’s real estate footprint.

For these developments, DPR shall be submitted within 150 days from the date of LOA, which is a gigantic step towards the intended integration of property. The initiative shall align with CMRL’s vision of maximizing the potential of metro infrastructure while driving growth in both urban transit and real estate sectors.