After a rocky couple of years of political uncertainty and recovering from natural disasters, Chennai realty is finally on the upswing.
Home seekers are seriously considering peripheral locations to invest in, based on promising signs of development. These peripheral areas include Vandalur, Avadi, Minjur, Cholavaram, and Nemilicheri, among others.
What’s Vandalur’s appeal?
Vandalur, especially, has been the cynosure of all eyes lately, particularly when it comes to affordable realty in Chennai. There are multiple factors that influence homebuyers when it comes to Vandalur.
The planned construction of Phase II of the Outer Ring Road (ORR). It is expected to connect NH-205(Chennai-Thiruthani High Road) with NH-5 (Grand Northern Trunk Road) and Thiruvottiyur-Ponneri-Panchetti (TPP) road.
Proximity to existing residential areas such as Tambaram, Urapakkam, Perungalathur, Mudichur and Padappai.
Refreshing and relatively untouched green cover, which makes the location perfect for families, away from the bustle of the city centre.
What you need to know before investing in Vandalur
If you’re considering Vandalur to establish your residential roots, here’s what you need to know.
Pricing and trends
The average cost of apartments in Vandalur is approximately Rs 4,000 per square foot.
When it comes to price trends, Vandalur has seen a steady increase in the average price of land per square yard.
While the average price was Rs 6,294 per square yard in the second quarter of 2010, in the same quarter of 2017, the average cost per square yard has been Rs 20,775.
Since property is an asset that appreciates over longer periods of time, one can clearly see that Vandalur realty shows promising returns on investment.
Social infrastructure
Educational institutions in Vandalur include schools such as:
Sri Vishwa Vidyalaya
Crescent School
Sri Sankara Vidyalaya Matriculation Higher Secondary School
Lalaji Memorial Omega International School
Colleges in and around Vandalur include:
Sri Ramanujar Engineering College
Tagore Engineering College
Sri Balaji Polytechnic
Crescent Business School
Medical facilities such as Thalir Hospital, Arokia Annai Hospital, and Annai Arul Hospital can meet the requirements of residents who need medical attention.
Entertainment and recreational options such as Arignar Anna Zoological Park, Gold Souk Grande, Phoenix Marketcity, and Varadharaja theatre are at accessible distances.
Connectivity
The Vandalur-Kelambakkam Road connects Vandalur to Grand Southern Trunk Road and Old Madras Road. To access other important areas of the city, one can utilise options such as Tiruchi-Chennai Highway, Vandalur-Walajabad-Vandalur Road, Railway Station Road as well as the Vandalur Flyover Bridge.
Phase 1 of Outer Ring Road connects Vandalur to Nemilicheri whereas Phase 2 connecting Nemilicheri to Minjur (currently undergoing construction) will further open up options to connect Vandalur to various parts of the city.
A proposal for the monorail project between Vandalur and Velachery has also been made. Once this is operational, it will greatly enhance access to the city.
All things considered, Vandalur is attractive to home seekers in more ways than one. In addition to aspects mentioned above, the lure of Vandalur lies in the fact that it is at the ideal distance from the city – removed enough from the hectic pace of the CBD, thereby making it peaceful, and yet easily accessible by most parts of Chennai.
This article is contributed by RoofandFloor , part of KSL Digital Ventures Pvt. Ltd., from The Hindu Group
