East Coast Road (ECR) - Roundup by InidaProperty.com

East Coast Road is the scenic  2 lane road connecting  Chennai to Thoothukudi in Tamil Nadu.  It runs along the Bay of Bengal &  is a popular weekend getaway destination for Chennaiites.

Being developed as an entertainment corridor it houses many famous resorts,  theme parks,  water parks and theatres.

There are plans to extend it till the Southern tip of Indian Subcontinent at Kanyakumari.

 

Area	Property Rate 2013 (per square feet) Rs.
ADYAR	14,000 – 16,000
THIRUVANMIYUR	10,000 – 12,000
VALMIKI NAGAR	8,000 – 9,500
PALAVAKKAM	6,000 – 8,000
INJAMBAKKAM	4,800 – 7,000
UTHANDI	5,000 – 7,000
OMR-ECR LINK ROAD	7,000 – 9,000

•• Buyers prefer staying on ECR belt as its close to the city and yet away from the hussle bussle of the city

•• Congestion on adjacent OMR belt has shifted IT traffic on OMR during office hours

•• ECR is also preferred by senior IT professionals working on OMR belt

•• Land, posh beach houses, farm houses and villa communities are popular residential types on ECR

•• In past 5 years property rates have escalated by more than double here

•• Buying land is not an easy task here as most the land is owned by locals from the small fishermen villages present on ECR

•• Beyond Uthandi and Muttukadu the area is sparsely populated

•• Neelangarai, Palavakkam are the hottest destinations on ECR belt and are seeing high demand from buyers

•• The belt is highly prone to accidents

•• Congestion on adjacent OMR belt has shifted IT traffic on OMR during office hours

•• On infrastructure front most of the roads are narrow and there is no proper drainage and sewage disposal system in place

•• The new bridges connecting ECR and OMR at Neelankarai, Palavakkam and Kottivakkam will improve the connectivity between OMR and ECR

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