Asset The Apple

in Chitlapakkam

Asset The Apple is strategically crafted by the renowned builder . It is a marvelous Residential development in Chitlapakkam, a high-class locality in Chennai having all the utilities and basic needs within easy reach. It comprises of modern Apartments with all the high-end, contemporary interior fittings. Set within picturesque and wonderful views of the countryside, this grand property at Semmancheri, Chitlapakkam, Chennai, Tamil Nadu, INDIA. has comfortable and spacious rooms. It is spread over an area of 0.05 acres with 5 units. The Asset The Apple is presently completed. Till now 100, percent units has been sold out.

Location Advantages:. The Asset The Apple is strategically located with close proximity to schools, colleges, hospitals, shopping malls, grocery stores, restaurants, recreational centres etc. The complete address of Asset The Apple is Semmancheri, Chitlapakkam, Chennai, Tamil Nadu, INDIA..

Construction and Availability Status:. Asset The Apple is currently completed project.

Asset The Apple Offering Amenities :- Basic Amenities.

Being among the 20 panchayat towns in Chennai, Chitlapakkam is a locality famous for its perennial lake. A fast developing locality, many people from the city have relocated here primarily because of its greenery, availability of water and proximity to OMR, MEPZ and GST Road. Apart from the lake, Chitlapakkam was known for its gasifier crematorium; a first for a town panchayat in the state.

The region is well developed and boasts of excellent social infrastructure. Schools and colleges in the area include Srdf Vivekananda Vidyalaya, Sreevatsa Viswanathan Vivekananda Vidyalaya, National Institute of Siddha, and Madras Institute of Technology. Hospitals such as Deepam Hospital Ltd, Parvathy Hospital, B S Hospital, and Saraswathy Hospital can be easily accessed by the area’s residents. Many banks and restaurants are also situated in the area. Popular supermarkets in Chitlapakkam include Reliance Fresh Store, Spencers Super Market, and Nilgiris.

Connectivity and Transit Points

The emergence of mini buses and autos helped connect Chitlapakkam to Chromepet, Tambaram, and Tambaram railway station. Chitlapakkam Main Road, Dr. Rajendra Prasad Road and Tambaram-Velachery Main Road are some of the major roads connecting Chitlapakkam to the other important regions of Chennai.

Varadharaja Theatre, R. P. Road, Nehru Nagar, Indira Cotton Mills and Kumaran Kundram bus stops fall within a 1 km radius of the area. Tambaram Sanatorium Railway Station, Chromepet Railway Station, Tambaram Railway Station, and Pallavaram Railway Station help commuters reach their destination quickly. The locality is also close to Chennai International Airport, which lies at a distance of around 7 km.

Major Landmarks

• Chitlapakkam Lake
• Chitlapakkam Water tank
• Trinumurugan Salai Park
• Muthulakshmi Nagar Park
• New Park
• Muthalamman Temple
• Corporation Park
• Sri Viboothi Sai Baba Temple
• Ayyappa Temple
• Chitlapakkam Police Station
• Varadaraja Theatre
• Sreevatsa Viswanathan Vivekananda Vidyalaya
• Chembakkam Panchayat Park
• Selaiyur Post Office
• St. Josephas Church

Factors for Growth in the Past

Construction of roads such as Chitlapakkam Main Road, Dr. Rajendra Prasad Road and Tambaram-Velachery Main Road was one of the primary factors that paved the way for significant development in Chitlapakkam.

Chitlapakkamas proximity to bus stops, railway stations, and the airport ushered development in terms of real estate, and attracted many residential projects to spring up here. Availability of water and land were the other factors that caused a spurt of development in the region.

Residential and Commercial Market

Residential Market Trends

Apartments and houses dominate the property spectrum in Chitlapakkam. The property prices are within the range of Rs 4,550 per sq. ft. to Rs 4,850 per sq. ft.

Commercial Market Trends

Lately, there hasn’t been much development on the commercial front. The sale price for an office space in Chitlapakkam is Rs 10,800 per sq. ft.

Major Challenges

Chitlapakkam Lake earlier provided potable water to the area’s residents. But at present, the residents are having to shell out a lot of money for reverse osmosis plants and packaged drinking water. The lake, which was a 95-acre water body, has now shrunk to 47 acres due to encroachments and sewage from neighbouring houses. In addition, lack of an underground drainage system has resulted in untreated sewage flowing into the lake.

Adding to the woes of the area’s residents, nearly 175 encroachers have taken over various parts of the lake bed. The smoke generated by the waste burned at the half-acre yard in front of the lake causes a lot of inconvenience to the general public, as well as to the patients in the adjacent government hospital.

Factors for Growth in the Future

Residential project development is well underway in Chitlapakkam. Builders such as Sreenivas Housing Pvt Ltd and Annai Arul Builders are starting residential projects here. Some of these include Sreenivas Shreedhama, Aishwarya Flats, and Annai Lakeshore Apartment.

Once Chitlapakkam Lake is equipped with boating facility and a garden, the area will receive brownie points over other localities, from potential home buyers, owing to its recreational appeal.