Alaknanda Apartment

By: Mehta Havens Limited in Anna Nagar West

About Project:. Alaknanda Apartment is an ultimate reflection of the urban chic lifestyle located in Anna Nagar West, Chennai. The project hosts in its lap exclusively designed Residential Apartments, each being an epitome of elegance and simplicity.

About Locality:. Located at Anna Nagar West in Chennai, Alaknanda Apartment is inspiring in design, stirring in luxury and enveloped by verdant surroundings. Alaknanda Apartment is in troupe with many famous schools, hospitals, shopping destinations, tech parks and every civic amenity required, so that you spend less time on the road and more at home.

About Builder:. Alaknanda Apartment is engineered by internationally renowned architects of Mehta Havens Limited. The Group has been involved in producing various residential and commercial projects with beautifully crafted interiors as well as exteriors.

Units and Interiors:. Alaknanda Apartment comprises of 2 BHK Apartments that are finely crafted and committed to provide houses with unmatched quality. The Apartments are spacious, well ventilated and Vastu compliant.

Amenities and security features:. Alaknanda Apartment offers an array of world class amenities such as Apartments. Besides that proper safety equipments are installed to ensure that you live safely and happily with your family in these apartments at Anna Nagar West.

Located towards the city north-west is the budding locality of Anna Nagar West. The locality is bounded by prominent residential localities such as Anna Nagar, Koyambedu, Arumbakkam, and Anna Nagar West Extension.

It has developed in a pattern similar to that of Anna Nagar, and is subdivided into streets 1 to19. This locality, along with Anna Nagar East, came about as a natural extension of Anna Nagar.

Anna Nagar West is blessed with rich social infrastructure avenues that have facilitated high demand for properties here. Prominent schools and colleges such as Alpha CADD PTC, EPractize Labs, Blessing Life Academy, IOB Staff College, Kendriya Vidyalaya, among others are in the vicinity. The multi-specialty hospital Sundaram Medical Foundation Community Hospital is at a distance of 3km from Anna Nagar West. Significant commercial establishments adding more value to the realty sector of the area include CivilTech Engineering Pvt Ltd, Hindustan Unilever Network, Beats Technologies, Exodus Exports Pvt Ltd, and Tech Park Solutions.

Well-known residential projects in Anna Nagar West include Kalanikethan Apartments, Emerald Flats, Paradise Flats, Pemmasani Enclave, and Annai Flats. Recreational provisions such as Golden Jubilee Park, and Annai Flats Park also contribute to the locality potential growth.

Connectivity and Transit Points

Ambathur Estate Road lies to the north of Anna Nagar West, which leads to the 100-feet Road on the east. Also known as Jawaharlal Nehru Road, it efficiently connects Anna Nagar West to Tirupati Road in the north and Poonamalle High Road in the south. These roads neatly link the locality to its surrounding localities and cities such as Ambattur, Thiruninravur, and Ponneri.

Thirumangalam Metro, located in Anna Nagar, used to connect Anna Nagar West with Villivakkam. But now, this service is closed. However, there are plans of including this train network with the suburban metro rail, which will enhance the region connectivity. The closest railway stations are Nungambakkam Railway Station and Chetpet Railway Station, which are both situated 8km from Anna Nagar West. Chennai International Airport is an hour drive away, approximately 16km from here.

Common methods of public transportation, such as buses, autos, and taxis are easily available here. The bus depot at Anna Nagar West is a major landmark, and one of the biggest bus stations in Chennai. Buses departing from here connect this locality to various parts of the city.

Major Landmarks

• IOB Staff College
• Kendriya Vidyalaya
• EPractize Labs
• Mayuri Infomedia
• WEBSPA
• Anna Nagar West Bus Depot
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Factors for Growth in the Past

Anna Nagar is known to be a vast residential colony that was expanding at an alarming rate in the past. In order to ease the stress on the locality, Anna Nagar West and Anna Nagar East were created by the local State authorities.

Development picked up quickly in Anna Nagar West and, as a result, more people were attracted to this locality. Developers sensed this and multiple infrastructure and real estate projects were planned thereafter, adding to the overall development of the area, and leading to a further increment of real estate value.

Residential and Commercial Market

Residential Market

The dominant property types here are multi-storey apartments and independent houses.

Property prices in Anna Nagar Westare cheaper than that in Anna Nagar. Data for the last financial year depicts that price appreciation has occurred at the rate of 12 per cent. The sale price varies between Rs 8,300- 8,900 per sq. ft.

Commercial Market

There are a number of office spaces available for sale and rent in Anna Nagar West. The cost varies approximately between Rs 2 - 5 crore, depending on the size of the property and facilities available.

Major Challenges

As Anna Nagar West developed in a more recent time frame in comparison with other age-old localities of Chennai, urbanisation and modernisation were by-products of the development efforts. This, however, has put a strain on the existing infrastructure facilities. The residents have complaints about how traffic congestion is caused because of illegal parking activities and open drains. There is also a dearth of water supply.

A challenge directed at this locality in particular, is the problem caused due to the incomplete construction of the Thirumangalam Flyover. This project gave way to many environmental hazards such as pollution and land degradation. As a result, the locality has become dusty. What worse is that the road is never swept, even though construction is in progress.

Factors for Growth in the Future

Plenty of land in Anna Nagar West is set aside for the construction of the metro rail project. This project is expected to do wonder in terms of connectivity, which in turn will spark fresh investments, both in the commercial and residential realty markets. What more is that Anna Nagar West will enjoy a unique underground transportation system, linking it to various other localities of Chennai in no time. This is expected to be completed by the financial year 2014 to 2015.