Secure Your Plot in Parandur Before Prices Rise with Upcoming Chennai 2nd Airport Project

The central government has approved the much-anticipated Chennai 2nd airport project, set to be located in Parandur. With a substantial budget already allocated, construction work is slated to commence in January 2026. This significant development is expected to boost the region's connectivity and economic growth, making it an ideal time for savvy investors to consider acquiring property in the vicinity.

As the construction of the new airport progresses, land values in and around Parandur are predicted to rise significantly. This presents a prime opportunity for those looking to invest in real estate. By securing a plot now, you can benefit from the anticipated appreciation in property value, ensuring a lucrative return on your investment.

Wisdom Properties is here to assist you in making this strategic investment. With our expert guidance and extensive portfolio, we can help you find the perfect plot near the upcoming Chennai 2nd airport. Don't miss out on this chance to own prime real estate before prices soar. Contact Wisdom Properties today and secure your future in Parandur.

Chennai's Second Airport Gets Site Clearance for Parandur, Construction to Begin in 2026

The Union government has greenlit the development of Chennai’s second airport at the Parandur site, following an application from the Tamil Nadu Industrial Development Corporation Limited (TIDCO). The approval, granted by the Steering Committee on Greenfield Airports on 9 July, marks a significant milestone in the region's infrastructure growth. TIDCO's proposal, which was submitted in 2023, came after the Tamil Nadu government selected Parandur in Kancheepuram district as the preferred location in 2022. The greenfield airport is planned to be developed at an estimated cost of Rs 32,704 crore and will be constructed in four phases, ultimately accommodating 100 million passengers annually across three terminal buildings.

Construction of the first phase is scheduled to commence in January 2026 and is expected to be completed by December 2028, with subsequent phases following until the final phase's completion in December 2046. This project has undergone thorough examination and consultation with various authorities, including the Airports Authority of India (AAI), Directorate General of Civil Aviation (DGCA), and the Ministry of Defence/Indian Air Force, as stipulated by the Greenfield Airports (GFA) Policy. Despite the project's strategic importance and potential economic benefits, it has faced significant opposition from local residents. Protests have persisted for over 700 days, with families in two of the 13 affected villages considering relocation to Andhra Pradesh due to displacement concerns.

State Chief Minister M K Stalin has assured that both the existing airport at Meenambakkam and the new Parandur airport will operate simultaneously to meet the burgeoning demand in the civil aviation sector. This dual-airport system aims to replicate successful models in cities like Delhi, Mumbai, and Goa, which manage multiple airports to handle increased passenger traffic. The addition of Parandur airport is expected to bolster Chennai’s ranking in the aviation sector, enhancing its connectivity and boosting economic growth in the region.

Record Budget allocation of Rs.6362 Crore for rail projects in Tamil Nadu: Railways Minister Ashwini Vaishnav

The Union Budget 2024-25, under the leadership of Prime Minister Modi, has allocated a substantial Rs 6,362 crore for railway projects in Tamil Nadu. This marks a significant increase, nearly seven times more than the Rs 879 crore allocated between 2009 and 2014. Railway Minister Shri Ashwini Vaishnaw highlighted this remarkable boost in funding during a press conference today. The enhanced budget aims to improve railway infrastructure, enhance connectivity, and promote economic growth in the region. The increased allocation reflects the government's commitment to developing Tamil Nadu's transportation network. With this substantial investment, the state can expect upgraded facilities, faster project completions, and better services for passengers. The move is poised to benefit both urban and rural areas, fostering overall development and progress.

Buy a Plot Before Prices Hike: Consult with Wisdom Properties

With the upcoming development of Chennai’s second airport, now is the perfect time to invest in a plot in Chennai 2nd airport area before prices surge. The construction of the new airport is set to significantly boost property values in the surrounding regions, making it an ideal opportunity for smart investors. By securing your plot now, you can take advantage of the current rates and enjoy substantial returns as the project progresses.

Wisdom Properties offers expert guidance and a wide selection of plots in Chennai 2nd airport vicinity, ensuring you find the perfect investment. Our team is dedicated to helping you navigate the real estate market and make informed decisions. Don’t miss out on this chance to own prime real estate in a rapidly developing area. Consult with Wisdom Properties today to secure your future and capitalize on the growth potential of Chennai’s second airport project.