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Chennai metro to bring up local realty bodies

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Metro rail project in Chennai is now building new heights with fresh acquisition of land for further construction of depots and stations. According to the sources of www.propertykhazana.com CMRL has tendered for the new phase of construction asking the real estate house at least with a minimum five years of experience in realty sphere along with annual business of Rs. 50 crore. It is the projects which will touch the budget of around Rs. 10,000 crore for the initial phase of construction and is covering most of the govt. land masses across the city.
On a short note with a senior officials of CMRL, they reveals that the govt. has the supreme power to acquire land from the private owners for any social cause but even though the authority wants the hearty consent of the public to make this project a grand success not only by construction but also with peoples empathy. The expert team of the Chennai metro is working on the land acquisition and further negotiation will be done if required as added at the www.propertykhazana.com.
A proficient team had also visited the Delhi Metro recently to have an overview as far which around 36 stations are identified for CMRL. The process of acquisition of land is coming closer to end as stated by a senior executive of the Metro project. It was also stated by the top order of the metro that the pace of metro work is running at full punctuality and no question of delay is entertained from any department associated with the project as per to the source added at the www.propertykhazana.com.
Source: NBTVLIVE

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