Where there is demand, there is development. With a
huge demand for residential areas in Chennai, places throughout the city have
been sited with new projects. Among all the favored locations, the areas in the
southern part of Chennai are seeing tremendous development. Localities such as
Medavakkam and Pallikaranai are in the top of the list of targeted places.
The executive vice president and zonal head of DLF Home
Developers Ltd, Mr. K. K. Raman shares his views about the development in south
Chennai. He says," If
you see the center of activities, south Chennai hogs all the limelight today.
This will continue to do so, as the scope for growth in the region is immense."
He also added, "Just 10 years back, Tambaram was considered as the end of
Chennai but now thanks to the extensive transport facilities and numerous
educational institutions, the region is one of the busiest areas of the city.
With the introduction of metro, the real estate scene of South Chennai will
undergo rapid evolution."
In the current year, about 60% of the residential
constructions have taken place in south Chennai while the remaining was split
between north and west. The Grand Southern Trunk (GST) Road and Old Mahabalipuram
Road (OMR) have seen the maximum growth in the current year. Huge construction
companies such as Akshaya and Purvankara launched their new projects in Pallavaram,
Perumbakkam and Kelambakkam. With the city’s limit being extended farther, vicinities
in south are more concentrated than the heart of the city. Just as the central
and north parts are being crowded, it is only natural that the residential
growth will be concentrated on the less dense southern parts of Chennai.
The growth of IT companies and industries is one of the
prime reasons for this rapid and steady advancement. Blooming companies in
Velachery, Madipakkam and other areas encouraged working professionals to settle
down nearby. Entertainment and recreational amenities such as malls, theaters,
clubs and resorts located nearby, allow families to spend time together on
weekends. Presence of renowned hospitals, restaurants, banks and other
essentials are added advantage. Furthermore, availability of excellent schools
and colleges nearby make these areas suitable for families. Rich cultural
activities with presence of famous temples, churches and mosques also make a
strong case.
Excellent connectivity via roadways and railways provide
an easy and smooth connection with the city’s interior. High frequency of
buses, trains and recently added metro trains allow you to navigate through
places with great ease. Peaceful environment and friendly neighborhood make
them the much preferred localities real estate in Chennai.
Affordability even with high facilities in par with
main city makes south Chennai a favorite among everyone. With the price value
remaining reasonable, real estate companies are launching multiple projects
targeting middle class people. Projects ranging from 25 lakhs to 1 crore will
be perfect for families of any financial background.
To sum it all, with the future of industrial and
domestic development concentrating on the southern part of Chennai, these areas
will be experiencing exponential growth in residences.
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