Tambaram, Chrompet, Pallavaram Area Roundup by IndiaProperty.com

Grand Southern Trunk (GST) Road is one of the busiest National Highways connecting Chennai to Trichy.

Starting from Kathipara Junction at Guindy the highway connects the Chennai International Airport and many upcoming residential and commercial localities like Pallavaram, Chrompet, and Tambaram. These localities are close mto the city and are well connected via both road and Chennai Rail.

The commercial establishments on GST Road didn’t pick pace due to governments focus on establishing OMR as the IT Hub. For the same reason the localities along GST Road didn’t see similar price appreciation and demand as residential properties on OMR belt did.

But in past two years post their inclusion under city limits, these areas have seen heightened interest from both developers and buyers side owing to affordability, proximity to the airport along with good connectivity with the city and OMR.

Some Facts

Road Connectivity GST Road, Pallavaram –

Thuraipakkam Road, Tambaram Road, Chennai Bypass Road

Public Transport Chennai Suburban Rail Network via Beach – Tambaram –

Chengalpattu line, Monorail (proposed)

Distance from Tambaram

Airport : 10 Kms

OMR : 15 Kms

Mahindra World City : 25 Kms

Shriram Gateway : 3 Kms

 

•• Tambaram is one of the fastest growing Chennai suburb

•• Residential demand in Tambaram will increase further once work begins for the proposed Monorail

•• High vacancy rate in existing commercial office spaces at Shriram Gateway and other establishments

•• The road and rail network for the localities already exists

•• Chennai Airport will be the closest metro station for the upcoming Metro Rail

•• Over 55 % of buyers wanting to buy property in Tambaram are ready to pay over Rs. 3,000 per square feet

•• This is in conjunction with the current market rate in the area

 

•• Rs. 3,000 – 4,000 per square feet is the most preferred budget for the three localities

•• Pallavaram being only 4 and 7 Kms from the airport and Kathipara Junction respectively

has capital values ranging between Rs. 4,500 - 5,500 per square feet

•• The running rate in Velachery which is at a similar distance from the airport is above Rs.

6,500 per square feet, indicating future growth potential

Major Residential Projects in Pallavaram, Chrompet,

Tambaram

Area and PROJECT	DEVELOPER	PROPERTY PRIICE (Rs. Sq.ft)
Pallavaram Aspire	Royal Splendour Developers	4,600
Pallavaram - Vibrants	Sankar Builders	5,000
Chrompet - Wood Berry	Green Peace	6,850
Chrompet - Serene	Aashirwad	3,800
Tambaram - Florencia	Color Homes	3,600
Tambaram - Adithi	Gayatri Realties	3,200
Tambaram - White Pearl	AKB Homes	4,900

•• Maximum demand is for decent sized 2 – 3 BHKs

•• Pallavaram, Chrompet and Tambaram have good growth potential

•• With improvement in social and physical infrastructure these localities will

become more habitable and one can expect over 20 % price appreciation

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