Ayanavaram Realty Update August 2013
Locality Overview:
The neighborhood of Ayanavaram is one among the peripheral commercial areas to be situated in the west of Chennai city. The locality is at a distance of eight kilometers from the city center. The area is renowned for the popular Parasurama Eswarar Temple. The neighborhood of Ayanavaram from east to west is frequently supplied with small market places, banks and wedding halls. The popular residential places in Ayanavaram include Ramanujam Nagar, Aspiran Garden Colony, Mettu Street, Railway Quarters and Ayanavaram market.
Connectivity:
Localities in Ayanavaram include Medavakkam Tank Road, Elumalai street, Palani Andavar Koil Street, Chelliamman Koil Street, Ramalingapuram, Chengalvaraya Maistry Street, Swamibhakthan Street, Sankarabhakthan Street, Nageshwara Guruswamy Street, N.M.K Street, Guruvappa Maistry Street, Aringer Anna Street, Vellala Street, Mettu Street, Palayakara Street, Annai Indira Nagar, Venkatesapuram Colony, Noor Hotel , Pudhu nagar, Ramanujam Nagar, Ramalingapuram, Sayani, ESI, Somasundaram Street, Parasuram Easwaran Koil Street, Kariya Maanikka Perumal Koil Street, Kipson Nagar, Raji naicken street, Parthasarthy Street, Palaniappa Street, Portuguese Road , Chetty Garden Street, Gopikrishna Theatre, Mylappa Street and Solai Street.
The Konnur High Road which is one of the most prominent connecting roads within Chennai plies through Ayanavaram. The locality is reasonably well connected and is at a distance of approximately seven kilometers from Vepery or George Town.
The area is around six kilometers from Egmore Railway Station and around eight kilometers from Chennai Central Railway Station, via Konnur High Road. Chennai International Airport situated at Ttirusulam is at a distance of approximately twenty kilometers south of the locality.
Public Transport:
Ayanavaram’s bus terminus is called Perambur Railway Station Bus Stop.
The nearest local train station is Perambur Railway Station which is at a distance of roughly two kilometers from Ayanavaram.The station is about six kilometers from Central Station, with suburban services to Velachery, Chennai Central, Chennai Beach, Avadi, Annanagar, Pattabiram, Ambattur, Ponneri, Tiruvallur and Arakkonam.
Social Infrastructure:
Ayanavaram has a multitude of well established schools and colleges such as, Government Polytechnic College, W.P.A. Soundarapandian Higher Secondary School, Bethel Matriculation Higher Secondary School, Kannada Sangha Higher Secondary School, Dhanish Matriculation Higher Secondary School, Tarapore and Loganathan girls Higher Secondary School, Dr. Salai Govindarajan Matric school for girls, Kaligi Ranganatham Montford Matriculation School, Don Bosco Matriculation School, Railway Colony Matriculation Higher Secondary School.
Gopikrishna Cinemas is a prominent cine hall in Ayanavaram. The erstwhile Royal Theatre, near the Villivakkam bus terminus too serves the locality.
Ayanavaram has numerous ancient places of worship. The most important being Parasurama Eswarar Temple.
The list of hospitals in Ayanavaram comprises Southern Railway Head Quarters Hospital, Trust Hospital and ESI Hospital, etc.
Real Estate:
Typically, North Chennai’s real estate market is driven by port-related activities relevant within the region, public sector employees and the trader community. Furthermore the population here is also dependent for employment either on large industrial enterprises or the public sector. This is another reason due to which North Chennai has not seen significant development of office space, majority of which has been concentrated in the South.
Some of the important projects that have been recently launched within these areas include Navapushpam by Devi Builders, Sahayadri by IKS Builders, Vasantham and Sungantham Apartments by Sri Ajitha Constructions, Shri Gokulam by Kothanda Vasantham Real Estates, Ekanta & Chaitanya by North Town, etc. The region of Ayanavaram, Padi and Ayanavaram have limited upcoming supply. There is a good demand for re-sale properties within these markets.
Price Trends:
The general property costs in Ayanavaram are within the price-range of Rs. 6,600 to Rs 7,700 per square feet, relying upon the specifications, location and builder. Affordable residential projects offering units below Rs. 50 lakh are in demand with houses ranging from 700 to 1,350 square feet range. The rental values for apartments with 2BHK units range between Rs. 8,000 to Rs. 10,500 per month. The region Of Ayanavaram has limited supply of upcoming projects. Re-sale properties within these markets are generating a lot of interest. This market is expected to remain stable over a horizon of twelve-month.
