Vijay Shanthi Courtyard Nungambakkam, Chennai

GCC Faces Cash Flow Constraints, Deficit Reaches Rs 1,970 Crore

GCCis experiencing increasing cash flow constraints, with its overall deficit reaching Rs 1,970 crore in the 2025-26 financial year. This fiscal gap is driven by civic infrastructure expansion and maintenance commitments, potentially affecting the pace of development projects and the provision of essential services.

CMDA Considers Shelving Projects Due to ₹3500 Crore Liabilities

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.

Chennai Ranked Fourth for Footpath Quality in India

A recent study, 'The State of Indian Streets 2026,' ranked Chennai fourth among major Indian cities for the quality and continuity of its footpaths. The study, which used AI to assess pedestrian infrastructure, found that only 13.9% of Chennai's roads have continuous, walkable footpaths.

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 Vijay Shanthi Courtyard moved from ₹ 12,000/sqft to ₹ 17,000/sqft, reflecting a 41.67% rise.

Chennai Airport to Kilambakkam Metro Gets Central Approval

Central authorities have granted approval for the Chennai Airport to Kilambakkam metro rail project, a significant expansion of the city's rapid transit network. Chennai Metro Rail Limited (CMRL) will be the implementing agency for this corridor, linking the international airport with the southern suburbs.