Eco-friendly Abodes at Nanmangalam!

Quiet and refreshing locale in the south part of Chennai is Nanmangalam which is just few Km away from the metropolis. Moreover, it is located next to Medavakkam and Velachery road which is present in between Velachery and Tambaram. It encompass the prominent reserve forest which is around 320 hectares and beyond. Further it is home to several birds which are rare to be sighted.

There is also a small area which is allocated for bio-diversity research to Care Earth. As its neighbouring areas like Medavakkam are growing in fast pace, Nanmangalam has also started to grow in all aspects. When it comes to the field of real estate, realtors have been eyeing this place to bring in more ventures for a grandeur lifestyle. Commutation from here to all parts of Chennai is ensured through buses and rails.

For food lovers there is a comprehensive array of sumptuous food joints with varied cuisines which would be a treat to your taste buds. Some of the food joints are Gandivas food truck, Vaniyambadi A2 biriyani, hot chips, Subway, Anjappar, Sigree, Dominos Pizza, and Orion and so on. For all your banking requirements all national and private banks along with their ATM’s can be availed. As of educational institutions world-class schools, colleges and play schools are present for a better future.

Schools include Pole Star Matriculation, Tagore Matriculation, Sacred Heart Matriculation, Apple Kids, Hello Kids, Sproutzkidz- Playschool- Daycare, Kiddies world Play School, Children Courtyard, RR Nursery, Kathiravan School for Special children, Wow Kids Littlestars are present. Colleges such as Ramakrishna Mission Vivekananda, Rajalakshmi, Tamilnadu Government Music College, Kumararani Meena Muthiah College, Patrician College, Asian College, Alagappa College, Doctor Dharmambal, Shankarlal Sundarbai Shasun Jain, Dr. MGR Janaki College etc. Besides, top-notch healthcare centres such as Hindustan Hospital, Fortis Malar Hospital, Apollo Speciality, Star Light Hospital, and Swaram Hospital etc can be availed for all your emergency requirements.

All these amenities have been a boost for emerging of apartments. The apartments in Nanmangalam are sold at cost-effective rates within your desired budgets. One can be sure of double returns in future when you invest in these apartments in Nanmangalam. So, professionals working in nearby IT hubs have been investing in these homes for a peaceful living. The homes here have exotic ambiance and state-of-art amenities along with adequate water supply, power backup lift, security services and so on.

Further the apartments in Nanmangalam are sold with 1 BHK at 610 Sq. ft at Rs. 26 Lakhs, 2 BHK with 870 Sq. ft at Rs. 37 Lakhs and 3 BHK with 1037 Sq.ft at Rs. 74 Lakhs and so on. As of rentals 1 BHK is offered with 550 Sq.ft at Rs. 7,500, 2 BHK with 800 Sq. ft at Rs. 10, 500, 3 BHK with 1270 Sq. ft at Rs. 15,000 on an average. The developers here offer during Pre-launch with Pre-EMI’s, down payments, touring packages, and other exciting gifts which has brought many investors to invest in here.

Rising locality in Chennai – Madipakkam

A soaring locality in the recent times is Madipakkam which is nestled in the southern part of Chennai. Holding a population of 14,495 with men 51% and women 50%, it has an average of 89% literacy. It is close to places like Velachery, Nanganallur, Puzhuthivakkam, Kannan Nagar and so on. Commutation to other parts of the city can be availed through MTC buses and rails.

Access to shopping malls, cineplex’s, entertainment centres and so on can be availed in just minutes away. The presence of IT corridors in the neighbourhoods has been an added advantage to this locality. When it comes to food joints sumptuous array of cuisines can be availed to please your taste buds. Restaurants such as Wangs Kitchen, Perfect Barbeques & Grills, Perfect Dine, Hotel Prasan Sandeepha, orion Restaurant, Ruchi Restaurant, Zaitoon, Sea Emperor, Junior Kuppana, Kumarakom, Sithiq Malaysian Parotta, Pind, and Savoury Sea Shell etc.

As of academics good educational institutions such as Pre-schools, Schools and colleges are available for shaping your future. Asterix Preschool, Srushtee Preschool, Early Expression, Genesis Playschool, Kudos Play School, My First School Sunshine Chennai Senior Secondary School, Pon Vidhyashram CBSE, Holy Prince Matriculation, Sai Matriculation, Prince Matriculation, Brilliant Matriculation, Kalaimagal Vidhya Mandir, Kings Matriculation, St. Augustine School and so on.

Colleges such as Sri Sankara Institute of Engineering, Jerusalem College, Sri Balaji Dental College & Hospital, Asan Memorial College of Arts & Science, Remo International College of Aviation, Guru Nanak College, Rajalakshmi Engineering College, Madras Law College, Jaya College of Education etc are present. Besides, all prominent banks and ATM are present for all your banking needs.

All this have given rise to real estate in this locality. Developers here have been launching different projects with stylish interiors and exteriors. Nature-friendly environment and facilities such as water, power, backup, lifts, and security services are ensured for a peaceful and safe living. Wide array of apartments from 1-3 BHK and more are available.

The apartments in Madipakkam are sure to enthral you as it is luxurious and within the desired budgets. All these projects are delivered within the stipulated time frame. Further, investing in these apartments in Madipakkam is never a loss as it assures high returns in future. So professionals who are working in the nearby IT hubs and investors have been eyeing this locality. So, builders here have come up with captivating offers such as Pre- EMI, down payments, holiday destination places, and other valuable gifts.

Therefore the apartments in Madipakkam caters 1 BHK with 550 Sq. ft at Rs. 25 Lakhs, 2 BHK with 940 Sq. ft at Rs. 55 Lakhs, and 3 BHK with 1440 Sq. ft at Rs. 60 Lakhs approximately. As of rentals 1 BHK is provided with 650 Sq. ft at Rs. 7000, 2 BHK with 1120 Sq. ft at Rs. 12,500, and 3 BHK with 1650 Sq. ft at Rs. 15,000 on an average. With this information get your dream home at cost-effective rate in Madipakkam.

Apartments in Perumbakkam enjoy good rental occupation

Apartments in Perumbakkam have been enjoying good rental occupation. Placed strategically on OMR, the IT corridor of Chennai, the area has seen quick developments in the past five years. Once home to small scale farmers raising vegetables on the land surrounding the Perumbakkam lake, today it’s the ideal place of residence for many of Chennai’s visiting population.

Rental housing makes sure that completed unsold houses stay in the market. It can be said that apartments in Perumbakkam and many other areas benefit tremendously from the rental market. According to local real estate agents, rental prices of apartments in OMR generally have risen and Perumbakkam specifically has become a rental hotspot. There are many factors contributing to it. Let’s have a look at some of the prime ones.

Proximity to IT hubs:

Though OMR is lined with Tech parks and offices of IT giants along the entire stretch, it has two prime points: The Velachery-Taramani junction in the northern end of OMR and Siruseri at the southern end.  Perumbakkam is placed almost in the middle of both the pivotal points. It takes about half an hour for a resident of an apartment in Perumbakkam to reach Siruseri and about 40 minutes to reach Taramani. No wonder, most of the residents in the area are IT professionals.

Employment opportunities surrounding Perumbakkam:

What makes it more special for apartments in Perumbakkam is the fact that the area is surrounded by development and places of employment on all sides.  The Sholinganallur main road which continues to GST road as the Velachery-Tambaram road to reach Tambaram passes horizontally to the North of Perumbakkam. It houses Global Hospitals which is a 21-acre facility with a majority of international patients getting treatment. To the west of Perumbakkam is Medavakkam which has risen as a commercial hub. To the East, as well, is the IT corridor. Thus Perumbakkam is surrounded by employment opportunities bringing in migrating residents.

Connectivity:

Perumbakkam is well connected to all prime areas of Southern Chennai. People from the area can easily access places in the GST Road such as Tambaram, Perungalathur, and Guduvanchery through the Velachery – Tambaram Main road. OMR connects Perumbakkam to other main areas such as Guindy, Anna Salai etc. It is also well connected to the East Coast Road through the Sholinganallur main road giving easy access to areas such as Thiruvanmiyur and Adyar.

Educational Institutions in the area:

Perumbakkam is one of the nearest residential area for students of Sathyabama University, Jeppiar and St.Joseph’s College of Engineering. It is also close to other colleges such as Hindustan University, KCG College of Engineering and Chettinad Medical College which are in the OMR. Thus a majority of occupants of apartments in Perumbakkam is college students.

All these factors together have created a sort of interest amongst investors for apartments in Perumbakkam. It must also be noted that rental revenue over an investment in the area is quite high. According to real estate agents, it is due to the fact that residents are predominantly people from outside Chennai. Most of the apartments in Perumbakkam are occupied by bachelors who are able to share and pay a considerably higher rent to stay in a place close to their place of work.

Why is Chennai’s realty situation looking up?

The real estate situation in the country has been evident to everyone for the past couple of years. The sales volumes have been coming down and there isn’t much growth happening with the sector. Prices have been steadily creeping up with no hint of a let down. This has forced end users to abandon their dreams of owning a property of their own. This is especially true of lower and mid income groups.

One of the markets which held strong despite the slowdown was the southern city of Chennai. This is because of the fact that this city was considered to be market driven by end users. When a city remains end user driven, speculation plays next to no role in where the place stands real estate wise. The growth experienced by the market will be organic and not forced. Prices rise will be a natural one when a market is end user driven as opposed to the artificial one seen in the cities where speculation has played a role. The latter does more harm than good as these artificially inflated prices will find next to no takers in the long run.

Even though Chennai was a strong real estate market, it was not strong enough to survive the lean patch that the country was going through. There have been a few reasons which had slowed down the market.

The floods which took place on December 1st, 2015 is one of the main reasons for the slowdown being seen in the real estate sector here. The death and destruction brought on by this unprecedented natural calamity had shaken buyer confidence in the city. It showed the city in a bad light in terms of preparedness to face such disasters. The lack of infrastructure really hit home. Buyers stayed away from low lying markets especially as these were the worst affected during the floods.

Another reason cited for the slowdown was the political instability being witnessed in the state. When such situations occur there won’t be a lot of confidence in the state. Many investors who can create jobs and wealth for the region might wait till the situation clears up might choose to relocate their project to another state which shows more stability. This in turn will have an impact on realty.

But things seem to be looking up for realty in the city. The sales numbers coming out of this region have given those in the sector hope. There has been a marginal increase in the number of homes being sold in the city. The inventory overhang also has come down. Villas in Madambakkam and more other such properties across the city are getting a new lease of life.

It seems affordable homes are driving this resurgence. Many of the homes which are being sold are in the below INR 50 lakhs range.  Besides this there are a whole bunch of governmental level policy changes which are aiding the real estate sector. Taking all these factors in, now might be a good time to purchase villas in Madambakkam or any other project you have been thinking about buying in Chennai.

Rising locality for perfect abodes – Medavakkam

One of the hottest hubs for residential properties in Chennai is Medavakkam. This is due to the closeness of localities like Sholinganallur, Madipakkam, Velachery , Tambaram etc. Further, the area is under South Chennai Constituency which has endless IT corridors. Its consistent accessibility, transportation has made home buyers swarm like bees to this locality.

The apartments in Medavakkam, are quiet reasonable and within budgets than other localities in the city. The properties here have state-of-art amenities and ambiance which reflects a piece of heaven of earth. Some of the moving areas for apartments in Medavakkam are Babu Nagar, Vimala Nagar, VGP pushpa nagar, Aishwarya Garden, Soumya Nagar, BHEL Nagar, Royal Garden, RG Nagar, Iyyapa Nagar and so on. Apart from this some of the neighbourhoods of Medavakkam are Chrompet, Pallavaram, and St. Thomas Mount etc. Moreover, Medavakkam has soar to 6th largest place in reality out of 13 ideal residential spaces in the whole country as per a study taken in 2012 -2017.

Besides, the locality is best known for its ace and serenity. Adequate and fresh water, 24 hrs power supply and sanitation are the other adding advantage in these residences. The emerging metro is a major advantage for people living in that area. Further it is CDMA approved. Developers have started to excite investors and buyers with varied offers such as holiday packages, discounts on loans, no EMI’s and so on.

There are 1, 2, 3 and 4 BHK apartments at reliable cost. It comes in a minimum of 561 Sq.ft at Rs. 27 lakhs for 1 BHK and 750 sq. ft at Rs. 27 lakhs for 2 BHK apartments and 3 BHK flats at 1242 Sq.ft for Rs. 56 Lakhs. Apart from buying you can avail apartments in Medavakkam for rent within preferred prices.  The minimum price for rentals can be availed from Rs. 14,000 – Rs.21, 000 for 3 BHK with 1269 Sq.ft – 1418 Sq.ft, and 2 BHK from Rs.8000 – Rs. 20,000 with 700 Sq.ft – 1200 Sq.ft.

Apart from this, prominent schools such as Bharathi Vidyalaya Senior Secondary School, BS Matriculation School, Ravindra Bharathi Global School, Velammal New Gen School etc are there and for foodies out there, there are a chain of sumptuous restaurants such as AGS Restaurant, Anjappar , Cascade, Dindigul Thalappakatti, Grand Sweets and Snacks, Gupta Bhavan, Hotel Sri Raj Bhavan, Namma Veedu Vasantha Bhavan and so on. When it comes to healthcare, there many prominent hospitals like Vcure, Global hospitals, KP hospital, Annai Teresa etc. are present.

Other than this you can avail all top banks and atm’s 24/7, cineplexes, malls, etc are available to spend your leisure time and for shopaholics all branded retail stores, and other showrooms etc are just minutes away from the locality.

With these facilities and environment, Medavakkam stands tall amidst other locales when it comes to real estate. It has become a driving factor for people who look to invest in the south of Chennai. This has helped it growing and you can witness more ventures that are yet to come.

Medavakkam- Hot hub of Chennai

Medavakkam is adjacent to the suburbs of Sholinganallur, Selaiyur, Madipakkam, Keelkattalai, Velachery and Tambaram. What works in favour of Medavakkam is that it is strategically located between the Old Mahabalipuram road (OMR) or IT corridor and Grand Southern Trunk Road (GST Road) with easy connectivity to Velachery and Pallikaranai. Medavakkam is a perfect centroid of major hot-spots like Velachery, St. Thomas Mount and Tambaram. Added to this, the location of Medvakkam is so strategic that it’s far from the bustle of the city, and it’s close to major amenities, and importantly, the OMR that’s the hub of major IT companies. Upsides of the area include wide interior roads, good connectivity to Old Mahabalipuram Road, Velachery, Pallavaram and Tambaram. It is in close proximity to multiple residential areas, IT parks, schools, entertainment facilities as well as commercial establishments. With a list of upside that every home seeker looks checked off, Medavakkam for obvious reasons has become the most sought after locality. This micromarket a decade ago started off as a small investment home zone and now with more and more IT companies coming into the market the real estate market seems no dusk here.

The demand for affordable homes is predictable to possibly pick up, as the growth of the Chennai is more southwards. Investors who are looking at capital investment can choose to invest in residential apartment in Medavakkam. There are quite a lot of projects with very attractive valuation within a reasonable budget. Like wise the villa projects that were introduced around this locality has also become a huge hit in this market. Considering a number of reasons, many people still prefer to buy plots or lands and still build their own homes in this micromarket. any ways to invest in the areas has been noticed in the residential sectors, mainly apartments and villas. Medavakkam supports realty drivers like availability of high end office spaces, access to social infrastructure and planned developments. Moreover, with the scheme for a future metro rail strip, the area seems to have a real stimulate in real estate development.

Investing in a land or plot in Medavakkam works well within budget and serves as a dream destination for its proximity to work place, schools and other important everyday commute places. A ride around this locality is sure to prove how infrastructurally well developed this area is and how much further the development looks to be. Investment in a property in the CBD, the Central Business district of Chennai is almost impossible, keeping in mind the property rates. Over the past two years capital values in Medavakkam have moved up by 15-20 per cent. Though the returns seem to appear bigger, the ROI percentage in Medavakkam and other suburban markets is likely to be higher that the ROI percentage of CBD. Hence, Medavakkam promises to be an ideal real estate investment spot in Chennai. Investing in a land at Medavakkam now can positively make a huge impact on the benefitial future.

Marathahalli the next investment hotspot

The locality of Marathahalli got its name when the fighter plane Marut crashed into this area. Back then, it used to be a small village in the outskirts of Bengaluru. When the IT industry in Bengaluru exploded, Marathahalli was transformed overnight into a self-sufficient region. Interestingly, the locality is a residential, commercial as well as an industrial hotspot of Bengaluru. Bangalore has seen much of the evolution over the past two decades and with growing number of IT companies and commercial establishments the population in Marathahalli locality is also gradually increasing. As population increases the infrastructural needs also should be increased to meet the demand of the people. Excellent connectivity, good schools and colleges, hospitals in proximity, stores and other utility based shops are some of the social and civic utilities that an area demands to deem itself as a developed locality with possible investment growth. Marathahalli is no less in providing all of this. Marathahalli is well connected to the IT hubs of Whitefield and Electronics City and upcoming residential markets such as the Outer Ring Road and Sarjapur Road. Residential project-wise, the real estate market in Marathahalli is booming. Because of its proximity to the IT hubs like ITPL, Sarjapur-ORR and Whitefield, many IT professionals working in these places choose the locality of Marathahalli to rent or buy.

The locality is about 45 km away from the airport, and there are regular buses throughout the day from the Marathahalli bridge bus stop that travel all the way up to the airport. The closest railway station is the K.R. Puram Railway Station which is about 14 km away from here. The other preferred mode of public transport around the locality are cabs and autorickshaws. Marathahalli has seen rapid development in real estate over the past two decades but infrastructure growth has not kept pace with this. The main factor behind the development of this once sleepy village is the growth of IT hubs around Marathahalli. Professionals working in ITPL, Whitefield, and Sarjapur-ORR prefer to live here, thereby resulting in residential growth in the locality. This can be due to various reasons.

Looking at the diverse market at Marathahalli many builders are offering a varied platter of developments topic from. When a prospective home-buyer is looking to invest in houses in Marathahalli, this area seems very lucrative for its size and cost-effective option. People preferred Marathahalli over Whitefield because prices here are almost 10 per cent lower than the latter. Another advantage of the realty market in Marathahalli is its proximity to the Outer Ring Road. The Outer Ring Road connects different parts of the city instantly and it is an added advantage to be living close to it, as it brings down the commuting time considerably. In the initial days many developers came up with Villas in Marathahalli to promote the area and these are a huge hit amongst locals. Infrastructure in Marathahalli has seen rapid development in the last decade and this is sure to help with the further growth of this locality.