Realty hot spot: Proximity to job hubs a huge plus point of this Chennai locality

In this week's ET Wealth realty hot spot series we take a look at an emerging residential destination Velacherry, Chennai. This neighbourhood is well-connected and has good social infrastructure. It offers excellent connectivity via Velachery Main Road, Grand Southern Trunk Road and OMR.

The area is 2 kms from the nearest railway station, 12 kms from Airport and 5 kms from the OMR. The price range of properties here is between Rs 4,600 per square feet and Rs 9,600 per square feet.

The average cost of 1 BHK, 2 BHK and 3 BHK is Rs 33 lakh, Rs 68 lakh and Rs 98 lakh, respectively.


Highlights

• Excellent connectivity with other parts of the city via Velachery Main Road, Grand Southern Trunk Road and OMR.
• The micro-market has a good mix of residential and commercial projects by well-known developers like Casagrand and Appaswamy.
• Employment hubs such as Ascendas IT Park, Olympia Technology Park, ASV Suntech Park are in vicinty.
• Presence of key social infra such as Dhaya International School, Apollo Speciality Hospital and Phoenix Marketcity Mall.
• Micro-market has the presence of prominent institutes for higher education such as IIT and NIFT.

• Schools 20+
• Hospitals 20+
• Restaurants 20+
• Banks 20+
• Grocery Stores 15+
• Petrol Pumps 10+

Source: Magicbricks