Kilambakkam Bus Terminus Real Estate Impacts -2024

Kilambakkam bus terminus impact on South Chennai Real Estate - Namma Family Builder
  • Kilambakkam Bus Terminus – South Chennai has seen excellent growth in recent years with OMR and ECR transforming into IT Hubs.
  • The superior infrastructure and locational advantages of South Chennai are highly suitable for IT-ITeS, Automobile, and manufacturing industries.
  • South Chennai has contributed to nearly 40% of the new apartments launched in the city.
  • The presence of a good number of  IT establishments, manufacturing units, inter-hubs, and special economic zones has been tremendously stimulating the growth in south Chennai.
  • South Chennai has recorded the construction of the maximum number of apartments in the last few years.
  • Recently, Most numbers of new launches have happened in South Chennai. Housing sales increase by 8% year-on-year in this area.
  • The maximum number of sales happens in South Chennai
  • The South recorded the highest number of launches and sales over the last three years. 66% of housing sales happened in the south alone.
  • The expected quick growth of infrastructures and connectivity in the region will boost the real estate demand

The Importance Of Future Survival Needs

  • The advantage of South Chennai is that most of the suburbs in South Chennai are located strategically along the IT corridors and the industrial areas. The coverage will be good. Most of the IT industries are situated in South Chennai. So South Chennai has become the IT center of the city.
  • The completion of this Kilambakkam bus terminus project will tremendously increase the service of all types of transport in this area.
  • All the nearby areas such as Vandalur, Tambaram, Guduvanchery, and Maraimalai Nagar will get a very tremendous advantage from CMBT services.
  • The popular go-to residential markets of south Chennai are the suburbs of Tambaram, Perumbakkam,  Sholinganallur, Injambakkam, Thoraipakkam, Velachery, Guduvanchery and Pallikaranai, and Adayar. They have witnessed exponential growth in the residential market due to the increase in commercial activity.
  • This connectivity will be very useful for speedy commutation within Chennai City as well as with other parts of Tamilnadu and also other cities.
  • The influx of several IT and financial services and MNCs is expanding the south Chennai housing market considerably. 
  • The plan for the total number of Buses, the coverage, and their frequency will be good.
  • This excellent connectivity will be very useful for the speedy development and business growth of this area.

The Amenities Of New CMBT - A Brief About CMBT Bus Stand

  • The total area of the upcoming Kilambakkam Bus Terminus(Mofussil BusTerminus) is 88.25 acres and it is 10 times bigger than the Koyambedu Bus Terminus.
  • The Kilambakkam Bus Terminus is situated between Vandalur and Urapakkam.
  • The total cost of the Kilambakkam Bus Terminus project is Rs.394 crores.
  • There is a proper plan for parking 350 buses at a time and 9.9 acres are allocated for parking MTC Buses.
  • 2 acres are separately allocated for the purpose of parking bikes and motorcycles.
  • There are provisions for ATM Centres, Medical shops, two restaurants, Malls, and a total of 49 shops.
  • A convention center for display is planned. This convention center will display all the famous goods from all the districts of Tamil Nadu.

Excellent Area Connectivity And Its Impact

  • The upcoming CMBT at Kilambakkam bus terminus  will cover all the important places in Chennai and provide service to all the states in Tamilnadu and other parts of India
  • The upcoming New Kilambakkam bus terminus will increase commutation and will play an important role in the entire development of the area.
  • The metro phase II project will be ready in 2025 and it will provide connectivity between Airport and Kilambakkam bus terminus.
  • The ongoing conversion project of 2 Lane to 4 Lane GST – OMR Project will get completed in 2022. The completion of this project will get the routine bus service of Pondicherry and OMR buses in this stretch
  • The Perungalathur flyover will be ready in 2022.
  • The nearby presence of the Outer ring road, Maraimalainagar Road, GST Road, and Maduravoyal – Tambaram bypass road will tremendously increase the connectivity and the mass movement of all categories of people between these areas.
  • The  Monorail project connecting Vanda