The Chennai Metro Rail's 22-km extension from St. Thomas Mount to Kanchipuram has received final environment clearance from the Ministry of Environment, Forest and Climate Change on November 25, 2025. Featuring 8 new stations, this project complements NH-4 upgrades and aims for 2028 operations, promising enhanced connectivity and surging property values along the corridor.
Government panel recommends single-window clearance to expedite real estate projects, aiming to reduce delays and potentially stabilize property prices.
CREDAI urges faster environmental clearances to meet the rising housing demand. Lalit Kumar Jain highlighted project delays due to the Ministry of Environment.
India's real estate growth sparks concerns over rising energy consumption, with buildings accounting for 32% of total electricity usage, prompting calls for better implementation of Energy Conservation Building Code
CREDAI anticipates a 20% rise in housing sales in major Indian cities, spurred by lower interest rates. They also address environmental clearance delays.