Akshaya Spire Flats

By: Akshaya Foundation in Selaiyur

Akshaya Spire Flats – Luxury Apartments in Selaiyur , Chennai .

Akshaya Spire Flats , a premium residential project by Akshaya Foundation,. is nestled in the heart of Selaiyur, Chennai. These luxurious 2 BHK and 3 BHK Apartments redefine modern living with top-tier amenities and world-class designs. Strategically located near Chennai International Airport, Akshaya Spire Flats offers residents a prestigious address, providing easy access to key areas of the city while ensuring the utmost privacy and tranquility.

Key Features of Akshaya Spire Flats :.

. • World-Class Amenities: Enjoy a host of top-of-the-line facilities including a Security Personnel.

• Luxury Apartments : Choose between spacious 2 BHK and 3 BHK units, each offering modern interiors and cutting-edge features for an elevated living experience.

• Legal Approvals: Akshaya Spire Flats comes with all necessary legal approvals, guaranteeing buyers peace of mind and confidence in their investment.

Address: Bhaghavathi Nagar, Selaiyur, Chennai - 600059, Tamil Nadu, INDIA..

Surrounded by two water bodies on either side, namely Selaiyur Lake and Rajakilpakkam Area Lake, Selaiyur is situated on Tambaram-Velachery Main Road. The locality has an ancient temple tank in its midst, which belongs to Perumal Temple. Its proximity to well-developed towns such as Sembakkam, Chitlapakkam, Tambaram, and Medavakkam has played a vital role in transforming it into a promising suburb with great potential.

The presence of a plethora of hospitals, educational institutions, and other infrastructure developments in the region indicates Selaiyur’s self-sufficiency. The educational institutions situated here include Zion Matriculation Higher Secondary School, Sri Lakshmi Ammal Engineering College, Lydia Matriculation School, and Bharath University. Noteworthy hospitals in Selaiyur include Aarthi Hospital, Parvathy Hospital, Deepam Hospital, Christudas Hospital, and Bethesda Child Care Hospital, which fall within an 8 km radius of the area.

The commercial infrastructure in the area complements its developed social infrastructure, with popular dining places like Venus Hotel, Hot Pot Biryani, Happy Dine-In Restaurant, Nosh Restaurant, Domino's Pizza, and Pizza Corner, and stores such as Jayalakshmi Stores and Akka Kadai, which lie at a distance of about 2 km from here. In addition, banks and ATMs are spread out in the region.

Key Projects in Selaiyur : 

Connectivity and Transit Points

Selaiyur is well connected to the important localities of Chennai, thanks to its excellent connectivity in terms of public transport and roads. With a number of well-maintained roads like Tambaram-Velachery Main Road, Camp Road, New Agaram Road, and Lake Road, the locality has smooth connectivity with its neighbouring areas.

A number of buses pass through the locality, making frequent stops at Meppedu Bus Stop, Kaspapuram Bus Stop, and Indira Nagar Bus Stop. Tambaram Railway Station, Chromepet Railway Station, and Perunagalathur Railway Station facilitate quick inter-city rail travel.

Chennai International Airport is at a distance of 16 km from Selaiyur, which takes about half an hour to cover via Tiruchi-Chennai Highway, NH-45, or SH-48, while the other airport, Tambaram Air Force Station is relatively closer, just 5 km away.

Major Landmarks

• Selaiyur Lake
• Rajakilpakkam Area Lake
• Sri Lakshmi Ammal Engineering College
• Bharath University
• Sai Baba Temple
• Om Sri Skandasramam
• Perumal Kovil Kulam
• Selaiyur park
• Bharathi Park
• Bethesda Child Care Hospital

Factors for Growth in the Past

Development of Tambaram-Velachery Main Road was the main factor that paved the way for major development in Selaiyur. In addition, good connectivity via roads as well as public transport enhanced the real estate appeal of the locality.

Abundance of land was another factor that caught the interest of reputed builders such as Ruby Builders and Promoters and Sumeru Housing Company, to name a few, who set up residential buildings in the area. The establishment of educational institutions, hospitals, and malls followed shortly, causing the growth of the locality.

Residential and Commercial Market

Residential Market Trends

Primarily a residential locality, Selaiyur has a number of apartment units. This locality is well developed since many projects have been completed here, and are ready for occupancy. The average sale price for multi-storey apartments in Selaiyur is Rs 4,100 per sq. ft., and for builder floor apartments, the cost is Rs 4,400 per sq. ft.

Commercial Market Trends

Commercial properties form only a small portion of the real estate market. Due to this reason, the prices for commercial plots are extremely reasonable in Selaiyur. The average rent prices for offices is Rs 37 per sq. ft., and for shops is Rs 49 per sq. ft.

Major Challenges

The locality suffers because of the faulty drainage system, which makes matters worse during monsoons. Selaiyur Lake overflows during heavy downpour, thus causing floods in the region. The outlet channels have been blocked by encroachments. The area’s residents have requested the authorities to look into this matter, but no action has been taken to tackle this issue so far.

Factors for Growth in the Future

Several residential projects are underway in Selaiyur. Builders such as Sanjay Homes & Developers Pvt Ltd, Ruby Builders and Promoters, Sumeru Housing Company, and VIP Housing and Properties, to name a few, are starting new residential projects here. Some of them include Sanjay Homes Opera, Ruby Regency, Aegeus Residency, Alankar Bharathi Nagar, and Ruby Grand.

Many more promising developments are expected to form the backdrop for Selaiyur’s real estate market.