Cmda Starts Demand-supply Housing Studyin Cma Areas, ET RealEstate

October 19, 2023
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<p>File Photo</p>
File Photo

CHENNAI: The Chennai Metropolitan Development Authority (CMDA), along with its consultant Cushman and Wakefield, has kicked off a ‘Housing Demand and Supply within Chennai Metropolitan Area (CMA)’ study to address challenges to housing development.

According to CMDA officials, the study will help in developing strategies that will effectively address housing challenges. A recent meeting marked the crucial first step toward data-driven decision-making in urban housing.

“Our study will first focus on the growth corridors like Poonamalee, Sembakkam, Tiruverkadu, Pammal, and other areas. We will study different demand drivers like floor space index (FSI) increases and the transfer of development rights, among others, ” said a spokesperson from Cushman and Wakefield.

The Chennai Metropolitan Area (CMA), until November 2022, comprised the city of Chennai, covering Greater Chennai Corporation, corporations of Tambaram and Avadi, five municipalities, three town panchayats, and 179 village panchayats in 10 panchayat unions that fall within four districts and cover an area of 1,189 sq km.

The CMA area was increased to 5,904 sq km, comprising the city of Chennai, the Greater Chennai Corporation, the corporations of Tambaram, Avadi and Kancheepuram, 12 municipalities, 14 town panchayats, and 1,321 village panchayats in 22 panchayat unions, and falls within five districts. The CMDA has decided to prepare the third master plan for the 1,189 sq km and a strategic regional plan for the expanded area of 5,904 sq km

According to Cushman and Wakefield, their team will undertake a demand and supply survey of macro- and micro-level housing.

“We will analyse the current scenario and understand the needs of people in the old CMA and added areas,” said the official.

The study will arrive at the demand drivers for all types of housing, including premium, middle-income, and low-income groups.

  • Published On Oct 19, 2023 at 01:00 PM IST

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