Infradoctor research
indicates that Velachery is the most favorite residential alternative among the
buyers of real estate in Chennai. According
to different findings of the newest edition of the PropIndex of Apr-Jun 2015, which
is an India Apartment Index, around 52 % of properties in Chennai have witnessed a boost in the active listings
as well as 44 % of properties in Chennai
have witnessed a boost in the capital values. Velachery is known as the
most favorite destination of property in
Chennai.
Velachery is positioned in the Southern
Chennai as well as is near to the IIT Madras. Multiple factors are there which
soar higher on popularity. Velachery has very good locations and properties in Chennai for living because
it is connected well with the important parts in the city like Tambaram,
Thiruvamyur, Pallavaram, Madipakkam, Medavakkam, Thoraipakkam, and Guindy.
Madipakkam is having ample transportation options like local autos and buses -
running at normal intervals. Velachery is well equipped with ATMs, banks, hospitals,
as well as shopping malls.
Be it physical or social
infrastructure, open spaces or connectivity, Velachery properties in Chennai match all the requirements of buyers. Despite
the infrastructure, Velachery is favored by buyers because of its closeness to different
IT hubs located along the OMR (Old Mahabalipuram Road).
What makes Velachery among the top
properties in Chennai? Let’s discover. In Velachery, an
average range of capital values Rs. 5,940- 7,880 per sq ft. According to Infradoctor you can purchase a 2BHK
apartment with the budget of Rs. 30 lakhs- 1.30 crores with different sizes of
700-1400 sq ft. For bigger units like a 3BHK apartment, the amount payable is
between Rs. 35 lakhs- 2 crores, having different sizes of 1500- 2000 sq ft.
Velachery is always under the watch
of the real estate buyers and developers. The liking is not sudden at all; relatively
this is the effect of the re-development as well as newer developments. During
the last few years, this locality has experienced an enormous change where older
buildings have demolished as well as the builders have constructed high-end
residential structures well prepared with all the modern amenities. It has totally
changed the appearance of Velachery as well as has made certain more grips from
the investors and buyers.
Today, the Velachery has developed
as among the well-developed housing localities in Chennai providing everything
a purchaser wants. Straight from the high-end business set-ups, to closeness to
residential homes, retail stores, IT hubs, providing good lifestyle, that
offers all.
This locality is very quickly
going to observe possession of more than 30 new housing projects. All these projects
are planned to be delivered in the years 2015, 2016 and 2017 respectively. Nearly
30-40 % of IT employees working in Madipakkam, Medavakkam, etc. are living in
this neighborhood, therefore pushing the development real estate in Chennai.
In spite of new developments
and establishments, Velachery is still holding its attraction of older
buildings. Invest to become a component of old Chennai as well as enjoy healthy
financial advantages in the future as well as amenities of today.