The real estate zone in Chennai has attained an extremely good boom and many investment avenues have emerged in the city like never before. Real estate markets everywhere in the world experiences a good appreciation in property investment, because of which Chennai has additionally come underneath the highlight as a feasible real estate investment destination. The city seems like one of the biggest cultural, educational, and financial facilities in Southern India. In the same way, real estate in South Chennai renders great investment opportunities for property investors. It is one of the most important metropolitan regions with amplified real estate development in recent years. It has constantly been at the forefront of the realty business.
Though there are numerous reasons postulated for this, one of the most essential reason is the city’s economy, which is growing at an unprecedented rate, with investments coming from different sectors. In particular, the booming in the IT sector is a prime reason behind the growth of the city, which resulted in its development in these suburban areas of South Chennai. These MNCs have opened their branches on different sub-locations of the city, created thousands of jobs which leads to an excellent demand for accommodation in these areas. Moreover, IT region has modified people’s residential preferences, in phrases of location, property type, hence remodeling the suburbs into South Chennai’s future residential hotspots.
Especially, Plots & Independent Houses were the top ranking in terms of sale, for the past 5 years. With the number of buyers for independent houses increasing, the demand for certain areas and amenities have also increased. So, it’s a time to start planning for your next property investment in 2020. The first thing you should know is the best investment localities. During the investment timeframe, we have to consider some criteria like price appreciation, estimated demand & supply in future, access to public transport, distance from employment and economic activity for selecting the best future hotspots residential investment in Chennai. Let discuss them below;
Sholinganallur
Without a doubt, OMR is one of the best areas to invest in real estate. Find south chennai top real estate companies, OMR has turned into a mega-IT corridor, with a huge number of MNCs opening their doors here. But while the entire OMR stretch is a valuable area for investment, Sholinganallur attracts a lot of buyers and investors due to it being an important junction in OMR connecting ECR and GST Road. The superior connectivity of Sholinganallur together with its proximity to the city and major offices like TCS, Accenture, Wipro, Cognizant, Infosys make this area one of the best places for real estate investment in South Chennai. It has a proximity to schools, colleges, hospitals and shopping malls. One of the most important gain of Sholinganallur in the future is with the upcoming Chennai Metro Rail’s Phase 2, which has a Madhavaram-Sholinganallur line being planned. If you are planning to invest in Sholinganallur, you can be sure that its value is going to increase rapidly. You will also have numerous numbers of tenants since most big IT companies are located here.
Connectivity
–> Major connectivity advantage of Sholinganallur is being at the junction connecting to Tambaram, Velachery, East Coast Road (ECR) and Adyar along the OMR. It also has an excellent connectivity to the upcoming suburbs like Siruseri, Taramani, and Perungudi.
–> The airport is just 20km away while the Dr MGR Central railway station is about 25km away. The Velachery MRTS is at a distance of 12km and the Adyar, Tambaram, and Medavakkam Bus Stand are all nearby.
Employment Opportunities
–> Sholinganallur has numerous employment options as it is a buzzing IT hub. Many IT sectors like Wipro, TCS, CTS, Tech Mahindra, and HCL, among others, have a presence here.
–> The tech parks like TEK Meadows, Pacifica, Prince Info City, and Alpha City SSPDL are all within a radius of 10km. And, it is also very close to other IT suburbs like Semmancheri, Karappakam, Siruseri and Perumbakkam.
Schools and other Social amenities
–> Some of best the schools include The Sacred Heart Matriculation Higher Secondary, JS Global, Ellen Sharma Memorial Matriculation Higher Secondary, and Amelio Early Education are some of the reputed schools in the area, located within the radius of 2-5 km away.
–> Some of top the colleges include Sathyabama University, Mohamed Sathak AJ College of Engineering, Anand Institute of Technology are within the radius 2-8 km away.
–> The area also has many hospitals like Vee Care, Charu Maternity and Swaram Specialty, Apollo Medical Center are within the radius of 3 km away.
–> There are plenty of parks too, making it a great area for children as well as senior citizens to live in.
–> Shopping malls like Crown Mall, Marina Mall, SGS Complex, PVR are within the radius of 5km away.
Madipakkam
Madipakkam, a popular suburb in South Chennai is rapidly growing on account of proximity to major localities like Velachery, Pallikaranai and Medavakkam. It is the centre of the busy localities, industrial zones and IT corridor. Moreover, the arrival of IT hubs and industrial hubs have also given way to the growth of the hospitality and retail sectors. The accessibility to the IT hub of Old Mahabalipuram Road (OMR) like Thoraipakkam & Sholinganallur, hospitals, schools and colleges is working in the favour of this locality. The Velachery MRTS and St Thomas Mount station are 600 m to 4.6 km away, which connects to localities like Tambaram, Saidapet, T Nagar, Nungambakkam, Kodambakkam, Adyar, Tiruvanmiyur and Marina beach. From Madipakkam to PTR has an excellent connectivity to GST Road.
Connectivity
–> Proximity to the Velachery MRTS and St. Thomas Mount metro station are just 600 m & 4.6 km respectively.
–> Well connected to PTR, OMR & GST roads as well as other parts of the city through roadways, railways, and metro
–> Just 5 km from International Airport
–> MTC buses are running regularly from Madipakkam and to the other parts of the city.
–> Proximity to the industrial hub and IT corridor which is the prime advantage for Madipakkam. Residential Houses as they are located at a distance good enough to reach your workplace on time and other commercial facilities providing weekend recreation and entertainment.
Schools, Colleges and other Social amenities
–> San Academy School – 2.6 km away
–> Jerusalem College of Engineering – 2.3 km away
–> Balaji Dental College – 2.4 km
–> Access to your daily needs are at just a walkable distance
–> Commercial facilities providing weekend recreation and entertainment are just 500 m to 3.7 km away
–> Grand Mall – 1.1 km
–> Phoenix Market City = 3.7 km
–> Health care facilities are just 5 min away
–> Kamakshi Memorial Hospital – 2.1 km away
–> Saraswathy Multispeciality Hospital – 1.1 km away
Pallavaram
Pallavaram, originally known as Pallavapuram is the distinction of the oldest townships in South India. Today, Pallavaram is a prominent location that holds excellent long-term potential for property investors. The rise of IT companies setting up shop here ensures unrelenting demand for office space, which increases the demand in need for housing.
Connectivity
–> Pallavaram has an excellent connectivity suburb area of Chennai due to the presence of the Outer Ring Road, the Pallavaram-Thoraipakkam Road (PTR), and the Trichy-Chennai Highway in its proximity.
–> It is also well connected to the Old Mahabalipuram Road (OMR), Grand Southern Trunk Road (GST), and the East Coast Road (ECR) while the Meenambakkam international airport is only 4km away.
–> Pallavaram bus stands, railway stations are easily accessible by walk. Also, in the vicinity are St Thomas Mount and Alandur metro railway stations.
–> Pallavaram is also very well connected to major neighbourhoods like Medavakkam, Madipakkam, Velachery, and Nanganallur, making it suitable for families and young professionals alike.
Employment opportunities
–> IT hubs like the CTS, Concentrix, Atos India, Olympia Tech Park, MPL Silicon Towers, the Chennai Trade Centre, and SIDCO Industrial Estate are all located within a radius of 10km.
–> The Pallavaram flyover well connected to IT hubs like Velachery and Thoraipakkam, which is a very boon to professionals who work there but reside in Pallavaram.
Schools and other social amenities
–> The area has famous educational institutions like Loyola Matriculation Higher Secondary School, Vel’s Vidyashram Senior Secondary School, and Narayana E Techno School 2-3 km away.
–> Leading Healthcare’s in the area include Chennai Krishna hospital, Hindu Mission Health Services, and Shadithya hospital are just 3-5 km away.
Medavakkam
Medavakkam, is one of the prime, fast-developing residential localities of South Chennai. The area has seen substantial growth over the last 6 years. Medavakkam is lying close to the IT corridor of Old Mahabalipuram Road (OMR) and SEZ on Medavakkam-Sholinganallur Road, the locality still holds the potential for further growth. The upcoming metro rail Phase II linking the nearby Sholinganallur will create more demand for residential projects in Medavakkam.
Connectivity
–> Chennai International Airport is about 13km away from Medavakkam and approximately 6km from Velachery MRTS.
–> Medavakkam has easy access to the prime areas on GST Road like St Thomas Mount, Tambaram, Chromepet, and Pallavaram.
–> It is also close to the other suburbs like Ponmar, Sithilapakkam, and Otiyambakkam.
Employment opportunities
–> The residents of Medavakkam can make good use of the SEZ or IT park there to find employment opportunities as its being close to Sholinganallur.
–> Some of the major companies located there are Ford Global, HCL, Tech Mahindra, Wipro, Cognizant, TCS, Infosys, and others. There is also manufacturing companies like Rax-Tech International, Siva Kumar Industries, and Udhayan Industries are close to Medavakkam.
Schools and other social amenities
–> Some of the reputed schools located in the vicinity include Netaji Vidyalam, St John’s Medavakkam, and Christ The King Matriculation Higher Secondary School 2-5 km away.
–> Some of the famous colleges include The Quaide Milleth College for Men, Asan Memorial College for Arts and Science, and New Prince Shri Bhavani College of Engineering are located within the radius of 2-7km.
–> Healthcare facilities include Hoscons Healthcare, V Cure Hospital, and Annai Theresa are some of the well-known hospitals in the area. It has an easy access to supermarkets like City Supermarket, Nilgiris, Heritage Fresh, etc.
Perumbakkam
Perumbakkam is emerging as the one among the rapidly growing suburb of South Chennai. It’s located close to the huge IT corridor in the city. It has been well equipped with all essential civic amenities and well-connected to Chennai’s other parts. The steady upsurge in the real estate market and the increasing demand for residential properties has given rise to many attractive residential plots & independent villas in Perumbakkam. The reason behind is the huge development of the IT hubs have a cause and effect relationship with areas nearby- besides offering employment opportunities, they lead to infrastructure developments which are the major driving factors for the rise of Perumbakkam.
One of the main reasons to invest in this locality is the Perumbakkam Lake. It is a 200-acre extensive land area which provides potable water needs of residents in Perumbakkam besides aiding those in Vengaivasal and Sitlapakkam. When there’s sufficient water available at the lake, the neighbourhood residents make the best use of the resource to plant veggies and crops.
Connectivity
–> Perumbakkam is surrounded by many residential localities like Chemmencheri in the South (8Km), Sholinganallur in the East (6Km), Medavakkam in the North (5Km) and Sithalapakkam in the West (7Km).
–> It’s also connected to Tambaram through the Velachery- Tambaram road.
–> The Perumbakkam Main Road intersects with the OMR Road via Sholinganallur Junction, is the nearest major junction which connects to various parts of Chennai such as Velachery, Kelambakkam and Karappakam and to Bangalore in the west.
–> Further away is the ECR (East Coast Road) which is a major highway along the coastline of Chennai, providing connectivity to Puducherry in the south.
Employment opportunities
–> TCS, Capgemini , Infosys, Satyam Computers, CTS, Mahindra Satyam, HCL and the Futura Tech Park are located on or near the OMR Road.
–> Tech Mahindra , Accenture, Wipro and HCL are located in the Elcot SEZ on the Perumbakkam Main Road
–> The well-known TIDEL IT Park is located just 14 km away.
Schools and other social amenities
–> Some of the reputed schools located in the vicinity include Sri Chaitanya School, NPS International School, BVM Global – CBSE School, National Public School, Gayathri Vidhyalaya and St. John’s Public School are just 1-3 km away.
–> Some of top the colleges include Sathyabama University, Mohamed Sathak AJ College of Engineering, Jain Engineering College, Prince Shri Venkateswara Padmavathy Engineering College are within the radius 3-8 km away.
–> Healthcare facilities include the reputed Gleneagles Global Health City, Institute of Radiation Oncology, Institute of Neurosciences & Spinal Disorders, and Apollo Diagnostics are within the radius of 1-3 km away.
–> Shopping malls like Crown Mall, Marina Mall, SGS Complex, PVR are within the radius of 5-8 km away.
Property investment in South Chennai is one of the best investment decisions you will ever make. So, we got covered you the best residential hotspots mentioned above. If you are planning to invest in Chennai, then do consider our exclusive range of projects at prime locations of South Chennai. We at MGP located some of these region helps you in deciding your next big investment plan.
