Average Asking Price in Poonamallee
Based on active listings and recent trends
Price on Request
Poonamallee's average asking price is rising quarter-on-quarter.
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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.
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.
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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Trust & Verification
VIP Housing & Properties is a major real estate developer in Chennai. It specializes in offering integrated, big ticket residential townships to buyers at strategic locations. Affordable housing solutions are also provided across lower and middle income segments. Properties are built in a way which ensures future appreciation. The portfolio of VIP projects covers luxury villas, plots, lifestyle apartments et al in addition to major township ventures. There are close to 20, 000 happy customers under its belt while it is also developing a combined area of 5 million sq. ft. in the city at present. It has a target to deliver approximately 1 lakh homes and 10 lakh plots to its clientele within a period of 10 years. One of Tamil Nadu’s biggest industry players, it has customers spread across 14 countries. Major offerings include Grand Ellora, Riverok, SKC Enclave across areas such as Navallur, Perungalathur, etc.
This website is only for the purpose of providing information regarding real estate projects in different geographies. Any information which is being provided on this website is not an advertisement or a solicitation. The company has not verified the information and the compliances of the projects. Further, the company has not checked the RERA* registration status of the real estate projects listed herein. The company does not make any representation in regards to the compliances done against these projects. Please note that you should make yourself aware about the RERA* registration status of the listed real estate projects.
*Real Estate (Regulation & Development) Act, 2016.