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    CMDA Limit

    What does the new extended CMDA limit mean for a Real Estate Buyer/ Investor?

    CMDA Limits
    Source @ the indian express

    The topic that we broach today is the extended CMDA limit and we analyze the  order of its impacts on a Real Estate Investor.

    • Firstly and very implicitly the direct consequence of this would be  urban planning.
    • Secondly , with Urban planning in the pipeline, what we can expect to see is better connectivity (more metro lines coming over ,more metro stations , more flyovers to decrease the traffic congestion, more widening of major roads).
    • Thirdly, what we should be expecting is infrastructure development in terms of  power supply , water drainage, and lastly zoning of areas ( segregation of areas ) in unplanned areas and local planned areas.

    Before we move on , let’s take a quick recall of the history of The City Planning department.

    History of CMDA Limit :

    CMA and CMDA commenced implementation of the first master plan as early as  1974 covering 1189 sq km. The second master plan (2026) was notified in 2008 and finally now the city is expanding nearly 5 times to 5904 sq km which takes the city limit beyond 70 km in any direction from Broadway! That’s huge !! Namma Chennai  now touches Andhra Pradesh in the North, covers the districts of Tiruvallur in North West , Kanchipuram in South west  , Chengalpattu in South  and a part of Ranipet in the West.

    Warehouse for rent in chennai
    Source @ dtnext

    With this move the CMDA has taken 1225 new villages under its fold. Speaking in terms of Development and the population explosion ,  Urban planning envisages planned urbanization to ensure live-able cities with  green urban spaces that will decongest the city. The basic idea of the expansion of the city 5 times more than what it is now is to ease infrastructure funding once it comes under the CMA limit .

     Keeping in mind the importance of  commuting for overall development 3 bus stands for outbound buses have been set up :

    • Madhavaram terminus for buses to Andhra Pradesh and North

    • Thirumazhisai terminus for buses to Karnataka and West

    • Vandalur (Keelambakkam) terminus for buses to South TN and Kerala

    The point to note here for a Real Estate investor is the zoning of new areas which are currently not zoned under a LPA – Local Planning Authority.

    So what are the 3 most important points that you should be alert, aware of and use from this 3rd master plan announcement in terms of the Zoning process ?

    Warehouse for rent in chennai
    Source @ TN Industrial & Investment Updates
    • Initially , get ready to  invest in areas that are first in the pipeline  to be developed and which will grow and get appreciated at a faster pace than the existing areas.

    • Next stay aware of plans and proposals of the government in terms of Investment policies , Economic efforts , Employment generation activity  in the areas within the new CMDA Limit.

    • Finally be alert especially if you already have investments in the new CMDA Limit area – on the proposed zoning area planned for your lands – Proposed Land use assigned should align with the actual best use of the land.

    Warehouse for rent in chennai
    Source @CMDA Chennai

    To understand the implication of the last point ,we need to take a look at the process in which it’s done .  The government will share a draft, call for public consultation, permit objections and suggestions on the proposed land use maps. If you miss the opportunity to study your investment and the  zone that it belongs to  at this stage it will cost you dearly to have your land converted after the masterplan is notified. No newspaper or advisor has alerted  you on this so far – so stay alert, aware, invest and use the masterplan to your best advantage.

    If you want further details about New CMDA limit kindly go through our video

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