Saturated Neighbouring Localities Push Medavakkam's Realty Demand

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With the growing property price within the town limits pushing individuals to search for better economical alternatives - peripherals and suburbs are cited to be ideal destinations.

And one such suburban locality that's bustling with tons of construction activity is Porur. Located on the south western side of Chennai city, this neighbourhood is cited to be one among the fastest growing suburban localities because of the developing infrastructure and seamless connectivity.

The presence of the many small and medium scale industries along side many SEZs (Special Economic Zones) have lured many potential home buyers to take a position in Porur's realty market. Reputed local and national land developers are now cashing on the growing demand and are creating variety of flats in Porur.

Being a serious transit point, the vicinity enjoys great connectivity. Arterial roads like Arcot Road and Mount Poonamallee Road help ease access to areas like Nungambakkam, Guindy and Vadapalani. Grand junction commercial architect variety of personal and state owned buses that cause Bangalore undergo the Porur Junction.

The presence of the many bus stations in sub localities like Lakshmi Nagar and Shakti Nagar has converted these sleepy neighbourhoods into catchment areas that's home to variety of residential projects. Porur properties purchasable are now being purchased by land developers in large parcels in order that they could build extraordinary living places.

Apart from localites, the realty market of this neighbourhood is driven by employees working within the nearby SEZs and other IT parks. Close proximity thereto hubs like OMR (Old Mahabalipuram Road) has also attracted many working professionals to take a position in Porur. With the important estate market scenario catering to the working professionals,

builders are now creating variety of 1 bhk flats in Chennai. Smaller homes that cover 600 square feet are estimated to hover anywhere between Rs 15 lakhs and 25 lakhs. The existence of the many educational institutions and reputed healthcare units has attracted many families and retired personnel. to make sure the cosmopolitan crowd is entertained, the builders are now walking that extra mile and are offering world class facilities.

Despite the world being successful amongst many working professionals because of the numerous residential options, home buyers are now postponing their home buying decision thanks to the multistorey building that had collapsed recently. With the neighbourhood's soil not being too suitable for top rise apartments,

property seekers are now moving towards investing in residential lands and villas. within the past tow years, capital values of residential plots have appreciated over 23%. consistent with the present market trends, Porur properties purchasable are estimated to fall into the worth band of Rs 30,000 and Rs 37,500 per sq yd .

The developing industrial and commercial belt is luring variety of land developers to enter the market. And with the vicinity providing an array of residential options the important estate sector of Porur is ready to flourish. The developing infrastructure and therefore the presence of ordinary social environment has made this locality a perfect destination for the cosmopolitan crowd.

Sulabha Kulkarni may be a freelance writer and a fanatical blogger, following the important estate sector and apartments in Greater Noida closely for several years. Her areas of experience are finance and land sector in India.