The ALPS Lake View Sholinganallur, Chennai

Chennai Metro Phase 2 to Boost Real Estate in Key Corridors

The Chennai Metro Phase 2 project is expected to significantly impact the real estate market in areas like Porur, Manapakkam, and Sholinganallur by improving connectivity. This is anticipated to boost demand for apartments and rental housing, as well as spur commercial and retail development, potentially increasing property values.

During Q3'2026, average property prices for The ALPS Lake View moved from ₹ 8,450/sqft to ₹ 8,700/sqft, reflecting a 2.96% rise.

Chennai Corporation to Invest ₹500 Crore in North Chennai and Resettlement Area Infrastructure

The Greater Chennai Corporation (GCC) plans to invest ₹500 crore this financial year to improve civic infrastructure in North Chennai and major resettlement colonies in the southern part of the city. The upgrade will focus on roads, pedestrian plazas, and smart parking facilities in areas like Ennore, Manali, Tiruvottiyur, Perambur, Vyasarpadi, Kannagi Nagar, and Ezhil Nagar.

Chennai Corporation Upgrades 94 Road Junctions to Ease Traffic Congestion

The Greater Chennai Corporation has commenced work to upgrade 94 road junctions across the city. This initiative aims to alleviate traffic congestion and improve urban mobility for commuters. The upgrades are expected to result in smoother traffic flow and reduced travel times.

During Q2'2026, average property prices for The ALPS Lake View moved from ₹ 6,100/sqft to ₹ 8,450/sqft, reflecting a 38.52% rise.

Uthandi Residents Oppose ₹91 Crore Flood Canal Project Citing Environmental Risks

Residents of Uthandi have voiced strong opposition to a ₹91 crore flood escape channel project, citing potential environmental damage and risks to groundwater resources. The project aims to alleviate flooding in south Chennai by constructing a canal linking the Buckingham Canal to the Bay of Bengal.

Chennai as a Key Global Data Gateway with Multiple Submarine Cable Landings

Chennai is highlighted as a crucial global data gateway, benefiting from multiple submarine cable landings that facilitate high-capacity, low-latency connectivity. This infrastructure is vital for the growing data center market in India, which is projected to reach 1.7–2.0 GW by the end of 2026 with substantial investments.

During Q1'2026, average property prices for The ALPS Lake View moved from ₹ 5,900/sqft to ₹ 6,100/sqft, reflecting a 3.39% rise.