Chennai Metro Awards ₹446.88 Crore Contract for Thirumangalam Metro Property Development

Chennai Metro Rail Limited (CMRL) has awarded the contract for "Construction of Property Development Buildings Near Thirumangalam Metro Station

Contract Award
- Chennai Metro Rail Limited (CMRL) has awarded the property development contract near Thirumangalam Metro Station to Capacite Infraprojects Limited.
- The contract is valued at ₹446.88 crore (including GST).
- The project is scheduled for completion within 24 months from commencement.

Project Highlights
- Spread across 3.85 acres, the project will feature four buildings along Corridor 5.
- A unique design will integrate the metro station between two towers, featuring a train running through the building complex.
- The development is a major Transit-Oriented Development (TOD) initiative under Chennai Metro Phase II.

Building Configuration
- Tower A and C: Three basements, ground floor and nine floors.
- Tower B: Ground floor plus nine floors.
- Tower D: Ground floor plus two floors.
- Thirumangalam Phase II Metro Station will be located between Towers B and C.

Integrated Urban Development
- The project aims to provide seamless access to metro services within the development complex.
- The initiative promotes sustainable urban growth and commercial development along Chennai Metro corridors.

Agreement Signing
- The agreement was signed in the presence of CMRL Managing Director Ashish Chatterjee, IAS.
- CMRL Director (Projects) T. Archunan and Capacite Infraprojects Assistant Vice President Raju Bansode represented the respective organisations.