Average Asking Price in Poonamallee
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Poonamallee's average asking price is rising quarter-on-quarter.
Get the latest price and market updates for Muthu Shreelakz Enclave.
Chennai Metro Rail Limited (CMRL) has announced a delay in the opening of the Koyambedu–Alandur stretch under Phase II, with operations now anticipated in early 2027. The delay is attributed to worker shortages and construction challenges.
The Chennai Metropolitan Development Authority (CMDA) is contemplating the cancellation of several infrastructure projects, including the Global Sports City plan, due to outstanding liabilities of approximately ₹3,500 crore. This financial strain could impact future urban development and the delivery of planned amenities.
Significant progress is being made on Chennai Metro Phase 2, with nearly 40km of elevated corridors expected to be completed by March 2027. The Koyambedu–Chennai Trade Centre section is targeted for June 2026, aiming to improve connectivity between transport hubs and business zones. The Corridor-5 stretch from Chennai Trade Centre to Sholinganallur is nearing completion, enhancing mobility across the city.
Chennai Metro Rail Limited (CMRL) is set to launch passenger services on the 15.8 km corridor between Poonamallee Bypass and Vadapalani in February as part of its Phase II rollout plan.This phased opening aims to provide commuters with earlier access to the network and integrate seamlessly with the existing Phase I stations. The new stretch is expected to improve east-west connectivity and reduce traffic congestion.

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