Real Estate Firms Eyeing Chennai Metro Rail Project

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CMRL has invited real estate firms with a minimum experience of five years in rendering real estate valuation in India, and Rs 50 crore as turnover. For the Rs 10,000-crore first phase of the project, CMRL is planning to acquire around 10 hectares of private land mainly for construction of stations and depots. The railway line would pass through government lands in most of the places. "Though the government has mandatory powers to acquire private land, we want to take the land with the consent of the landowner. For this, we want guidance from experts to arrive at a reasonable compensation. We would invoke provisions of compulsory land acquisition only if the negotitations are unsuc

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