All roads to lead to metro stations
MRTS, Suburban Rail, MTC Buses To Be Integrated With First Metro Line, Which Will Open By Year-End
A commuter standing at the St Thomas Mount metro station at the end of this year will have a number of options to travel further into or out of the city. The station will be integrated with the suburban rail network, mass rapid transit system (MRTS) and local buses so that a passenger can move easily and seamlessly from one mode of transport to another.
Metro’s elevated stations at Koyambedu , C M B T (Chennai Mofussil Bus Terminus) and St Thomas Mount are set to change the localities and the way people commute. Double laned, circular roads for buses and skywalks for pedestrians will come up to help commuters access the stations.
The Koyambedu-St Thomas line, which will be the first metro line and will be opened by the end of this year, will link government and privat e bu s t e r m i nu s at Koyambedu with the suburban rail network and MRTS. These stations will be shopping hubs as well, if metro’s plan to make the most of the space works out.
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Koyambedu’s chaos and confusion may also disappear with a number of infrastructure projects to decongest it planned. Two metro stations are being built within a one-km radius of the grade separator at Poonamallee High Road-Jawaharlal Nehru Road junction. The highways department has proposed a one-km flyover that will cross Jawaharlal Nehru Road-Kaliamman Koil Street Junction.
Hordes of people visit the area to buy fruit and vegetables from the wholesale market and to board long distance buses. “The congestion is caused by buses turning onto Kalliamman Koil Street. As they turn in to CMBT or the private stand, traffic piles up,” said M V Sridhar, who often uses the junction near Koyambedu.
While the proposed flyover is likely to reduce congestion at the junction, metro stations will cater to the demands of those coming off long-distance buses. “CMBT station will primarily be a dispersal point for those arriving from outside the city and wanting to travel to the centre,” said a Chennai Metro Rail official.
The Beach-Velachery-St Thomas Mount MRTS will converge with the Central-St Thomas Mount metro line in the same St Thomas Mount metro at different levels. Passengers will have to use a foot over bridge to reach the suburban railw ay s t at i o n . MTC buses will drive up two new circular roads to the front of the station to pick and drop passengers.
Transport department officials are working on integrating the mono rail. “Intermodal connectivity is designed for each station to prevent congestion around metro stations. Circular roads to allow buses to access the St Thomas Mount station and a skywalk near Koyambedu station are planned,” said V Somasundaram, chief general manager, construction, Chennai Metro Rail.
Real Estate:Other
Perumbakkam benefiting from IT corridor-ChennaiPerumbakkam, a suburb in Southern Chennai, is benefiting from the fast-developing IT corridor in Old Mahabalipuram Road (OMR). The locality also enjoys proximity to other prominent areas like OMR road, Medavakkam, Velachery, Sembakkam, among others.
The Perumbakkam Road which also connects Velacherry-Tambaram Road and OMR is about 6 kilometres. It starts from Medavakkam and terminates at Sholinganallur. Perumbakkam is about 1 km east from Medavakkam Main. The locality is well-connected to Tambaram through the Velachery-Tambaram road and to Sholinganallur through the Medavakkam-Sholinganallur road.
The capital value of apartments are on steep rise.Formation of financial city, township for the IT employees in Perumbakkam and Sholinganallur was recently announced by the Tamil Nadu government. He added that the area is a developing locality with all basic needs for everyone. “The connectivity to all parts of the city is the mile stone. The land and the rent rates have increased in recent times.”
The TN government has launched TN Financial City in Perumbakkam vicinity. All finance-based companies are expected to come here and this will give a boost to the infrastructure developments in Perumbakkam district. A Tamil Classical Institute is also expected to be launched in the locality. Sabharinath said that schools, colleges and hospitals are also available in the vicinity. State-level local builders are more active compared to prominent builders in the locality. Some projects in the locality are Isha Homes, Harmony Residencies, and India Bulls Greens, among others.
Multi-storey flats are more in demand in Perumbakkam compared to independent houses and plots. “Rental demand is set to increase because of neighbouring IT work-force migrating to the locality for jobs,” Sabharinath said. The rental value of a 2BHK is about Rs 12,000 per month for a 800 to 1,000 sq ft apartment, while a 3BHK apartment is from Rs 15,000 to Rs 17,000 per month. From December 2010 uptil now, there has been a price increase of Rs 1,000 per sq ft in the apartments of this locality.
With the neighbouring IT companies like Wipro and Accenture, there is a demand for both rent as well as buying because the locality is affordable, accessible, and well-connected.
A ready reckoner on building cost
An overview of consumption of materials and unit rates is needed. One quick way to assess the cost is to use the square meter or square feet rates, writes S.Krishnamurthy
An overview of consumption of materials and unit rates is needed. One quick way to assess the cost is to use the square meter or square feet rates, writes S.Krishnamurthy
There have been regular reports about the rise in material and labour costs. As clients and users we are left wondering how much is the rise and how it affects our budget. Any little information and thumb rule to understand the situation would be of much help. An overview of material consumptions, unit rates would help us navigate through the maze of construction estimates. Here is an attempt to help you follow the process of cost estimates. A quick way to know how much it costs is to use the square meter or square feet rates. In order to arrive at this, a broad understanding of how much material is required to construct a square meter is necessary. Table 1 roughly indicates the material consumption. Based on this one can work out the cost of construction. Table 2 explains how the building cost is calculated.
Services include water supply, sanitary, and electrical works with minimum normal grade fittings. This rate can be considered for estimation. It may vary with the location, type of soil met with in foundation, period / season of execution, changes in terms of finishing materials and so on.
For example, ceramic tile flooring would be at Rs.565/sq.m. Instead if you replace it with marble it would cost about Rs.1200 per sq.m.
The above-mentioned broad rates are only for load bearing structure that is constructed without columns. For a framed structure with GF +2 floors, that is construction with columns, it may cost 25 to 30% per cent more than a load bearing type of construction. It will also vary with the number of floors and provision of lift etc. For example, an apartment with ground and two floors may cost Rs.10500/ sq.m. on an average. The unit rates mentioned here will not be applicable to porch, covered / open sit-outs in upper floors etc. 
Now having obtained the unit rates, one can calculate how much the entire building will cost. Once you arrive at the overall figure, you can subdivide it in terms of components of construction or stages of construction. This will help you manage your cash flow better, control your budget and finishing the building within estimate. The Table 4 and 5 explains the cost in terms of percentage of components of construction. The above-mentioned rates and steps are to be used as a rough guide. The exact estimates can be worked out only after you finalise your specification in consultation with your architect or engineer.Escalation clause
Now having obtained the unit rates, one can calculate how much the entire building will cost. Once you arrive at the overall figure, you can subdivide it in terms of components of construction or stages of construction. This will help you manage your cash flow better, control your budget and finishing the building within estimate. The Table 4 and 5 explains the cost in terms of percentage of components of construction. The above-mentioned rates and steps are to be used as a rough guide. The exact estimates can be worked out only after you finalise your specification in consultation with your architect or engineer.Escalation clauseThe rise in material cost during execution affects the unit rate and our estimate. For example, if we had worked out cement cost at Rs 250 per bag and during construction time it rises to Rs.270 this would amount to an increase of about Rs 84 per sq.m.
Normally a clause to cover price escalation is introduced in the construction agreement with the contractor. In case you are buying an apartment look for this clause and be satisfied with the terms. If it is not there discuss it with your developer. 
A firm agreement about the modalities of intimation and settlement of cost difference must be arrived at upfront. This may avoid any hardships during the completion and handing over of the building.
The author is former Superintending Engineer P.W.D and approved Valuer.A firm agreement about the modalities of intimation and settlement of cost difference must be arrived at upfront. This may avoid any hardships during the completion and handing over of the building.SCROLL TILL END,CLICK ON POST A COMMENT AND POST YOUR ADVERTISEMENT
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