As urbanisation speeds up on the one hand, the IT corridor in Chennai is expanding on the other. What does one think the city could do to ensure that development does not come at the cost of the environment?
One such important project is the construction of a high-level bridge over the Pallikaranai marshland.
Fascinated by how sustainable infrastructure is changing the real estate landscape in Chennai? Read on to explore how eco-friendly infrastructure initiatives create room for environmental protection and, at the same time, ensure growth in the real estate sector.
1. Environmental Significance of the High-Level Bridge: Eco-Friendly Infrastructure
The Pallikaranai marshland is a part of the eco-friendly infrastructure that serves as the natural flood barrier, reducing the risk of flooding in the surrounding areas.
Unfortunately, encroachment by public and private institutions, including the Greater Chennai Corporation, has hampered the marshland in playing its role effectively.
The proposed high-level bridge connecting Kamatchi Memorial Hospital to Thoraipakkam along the Pallavaram-Thoraipakkam Radial Road is designed to allow the free flow of water.
By way of mitigating measures of these encroachments, the bridge will help restore the ecological balance of the marshland, thus becoming an integral part of flood management in Chennai.
2. Impact on Real Estate Development
Real estate practitioners can embrace high-level bridge works with assurance. Such a bridge preserves the marshland’s function of flood mitigation, therefore, creating less risk of flooding from nearby.
Livability and safety in the area will be improved as well. The areas around, which have always suffered from flood problems, would thus be able to welcome residential and commercial developments with open arms.
The land speculation would be higher since there will be less risk of flooding; hence, it’s a good bid” to invest in real estate.
A sum of Rs. 20 lakhs has been allocated by the Tamil Nadu government for preparing the Detailed Project Report (DPR) for the high-level bridge. (Source: The New Indian Express, June 2024)
3. Enhanced Connectivity and Accessibility
Apart from the high-level bridge, it will also constitute the building of two-foot overbridges at key transport hubs, the Velachery railway station and Koyambedu junction.
These hubs will enable better pedestrian access and ease traffic congestion in these busy areas.
The developers may see greater interest in the area with such an improvement in connectivity. Access to a well-connected public transport system is very appealing to potential homebuyers and investors alike, which positively increases the desirability and value of surrounding properties.
The eco-friendly infrastructure, working towards sustainable development, is further going to benefit the livability and environmental quality of the area. This infrastructure improvement focuses on green mobility solutions and urban resilience, boosting real estate appeal and demand in the locality, with property values rising.
4. Growing Social Eco-Friendly Infrastructure Boosts Real Estate Growth
The area already enjoys good growth in social infrastructure, granting it high appeal towards families and individuals who are looking for a more wholesome living environment.
Top schools like Velammal Vidhyashram and Sri Sankara Global School are drawing families, especially those with children, due to their reputation for quality education.
Chettinad Hospital, with its newly built and expanded facilities, is a good hospital in the area, gaining recognition as such and enhancing real estate growth.
Since some other medical centers are also going to come up, the rapidly increasing presence of education and healthcare institutions is really raising the region’s livability value, thus creating more demand for real estate around there.
5. Impact of the IT Corridor Project with Eco-Friendly Infrastructure
The Pallavaram–Thuraipakkam Radial Road (SH 109) was initially constructed between 2001 and 2002 and was expanded to 18 meters due to the increasing number of projects in the IT corridor on OMR, which connects Thuraipakkam with Pallavaram.
The IT corridor is an economic growth pole contributing significantly to the city’s economic growth by increasing development along OMR with the establishment of both commercial and residential projects.
To minimise the impact of further urban development on the Pallikaranai marshland, the proposed high-level bridge will safeguard the further urban development of the city.
Eco-friendly infrastructure here, which can ensure that the region can grow further in future, will optimally serve to maintain flood mitigation functions that make this region even more appealing for real estate growth investments.
G Square Gardenia: Your Dream Home Awaits in Pallikaranai
G Square Gardenia, is all set in a prime, well-connected area for the construction of your dream house in Pallikaranai.
Project Highlights:
- Prime Location: Close by are the Medavakkam Metro Station, Pallavaram Bus Stand, and Velachery Railway Station, with direct connectivity.
- Size: Plots range from 850 sq. ft. to 1900 sq. ft., catering to every need and budget.
- Eco-friendly Infrastructure – Blacktop roads, street lights, and 24×7 CCTV surveillance for a safe and green living experience.
- Secured Community: 24×7 CCTV with monitoring for your safety.
With G Square Build Assist, you get professional help to build your villa exactly the way you want, without the hassle of construction.
We’re here in Pallikaranai to help you take the first step toward building your dream home. Don’t ever miss out on your chance to acquire a plot in Chennai’s brightest and best-connected locale!
