Vandalur is located in the south western part of Chennai. This micro market which was famous only for being home to the Arignar Anna Zoological Park is now making real estate waves. It is quickly earning the reputation of being one of promising real estate destinations in Chennai. So much so that there is increasing demand for properties such as apartments in Vandalur.
Several factors have played an important role in the rise of Vandalur real estate. Several infrastructural projects have improved the growth trajectory of this area. Any area which has an important road running through it or lies close to a road of importance does well in terms of real estate. This is true of Vandalur as well. The Outer Ring Road is located in close proximity to this micro market. This road connects Vandalur to Nazrethpet. Areas which are located around this road are experiencing exponential growth because of the seamless connectivity that this road offers. Vandalur will also be home to a bus terminus which will be built upon 65 acres of land. This has attracted the interest of buyers and builders alike in plots for sale in Vandalur.
The going rate for apartments in Vandalur stands at INR 3600 per square feet on average. This is a dip of 26% when compared to the previous quarter when the prices stood at INR 4800 per square feet on average. About a year ago, in the third quarter of 2013 the going rate for these properties stood at INR 5900 per square feet on average. The property rates have dipped by about 39% over the last year. The going rate for properties such as independent homes and villas stands at INR 3500 per square on average. About a year ago the going rate stood at INR 5800 per square feet on average.
There is maximum demand for 2 BHK apartments in Vandalur. This is followed by 3 BHKs. The most in demand unit size for apartments here falls below the 500 square feet range. This is followed by the 751 to 1000 square feet range. Buyers are willing to spend anywhere between INR 10 to 20 lakhs on properties here. This is followed by the INR 20 to 30 lakhs range. Per square feet buyers are willing to spend an amount which is lesser than or equal to INR 2000 here. This is followed by the INR 2501 to 3000 per square feet range.
Properties such as apartments in Chennai are attracting the Information Technology population which is working in the IT hubs in OMR. This is because the area is well connected to OMR. Since the area is located on the junction of the Vandalur Kelambakkam Road which connects the GST Road and OMR Road. This has been very advantageous for Vandalur. The Vandalur Kelambakkam Road in itself is being considered as a corridor for growth with a lot of developers coming up with projects along this stretch. Taking all these factors into consideration, one won’t be wrong in investing in properties such as properties in chennai.
Several factors have played an important role in the rise of Vandalur real estate. Several infrastructural projects have improved the growth trajectory of this area. Any area which has an important road running through it or lies close to a road of importance does well in terms of real estate. This is true of Vandalur as well. The Outer Ring Road is located in close proximity to this micro market. This road connects Vandalur to Nazrethpet. Areas which are located around this road are experiencing exponential growth because of the seamless connectivity that this road offers. Vandalur will also be home to a bus terminus which will be built upon 65 acres of land. This has attracted the interest of buyers and builders alike in plots for sale in Vandalur.
The going rate for apartments in Vandalur stands at INR 3600 per square feet on average. This is a dip of 26% when compared to the previous quarter when the prices stood at INR 4800 per square feet on average. About a year ago, in the third quarter of 2013 the going rate for these properties stood at INR 5900 per square feet on average. The property rates have dipped by about 39% over the last year. The going rate for properties such as independent homes and villas stands at INR 3500 per square on average. About a year ago the going rate stood at INR 5800 per square feet on average.
There is maximum demand for 2 BHK apartments in Vandalur. This is followed by 3 BHKs. The most in demand unit size for apartments here falls below the 500 square feet range. This is followed by the 751 to 1000 square feet range. Buyers are willing to spend anywhere between INR 10 to 20 lakhs on properties here. This is followed by the INR 20 to 30 lakhs range. Per square feet buyers are willing to spend an amount which is lesser than or equal to INR 2000 here. This is followed by the INR 2501 to 3000 per square feet range.
Properties such as apartments in Chennai are attracting the Information Technology population which is working in the IT hubs in OMR. This is because the area is well connected to OMR. Since the area is located on the junction of the Vandalur Kelambakkam Road which connects the GST Road and OMR Road. This has been very advantageous for Vandalur. The Vandalur Kelambakkam Road in itself is being considered as a corridor for growth with a lot of developers coming up with projects along this stretch. Taking all these factors into consideration, one won’t be wrong in investing in properties such as properties in chennai.
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