Kilpauk realty update – August 2013
Overview:
Located at a distance of just six kilometers from the center of Chennai city, semi residential area of Kilpauk is among the posh neighbourhoods. The neighbourhood encompassed by Anna Nagar, Egmore, Chetpet and Purasawalkam. The principal localities of Kilpauk comprises Kilpauk Garden, Kilpauk Mental Hospital, Medavakkam tank road, Kellys, Ramalingapuram, Alagappa Nagar, Ayanavaram, Sylvan Lodge Colony, Ormes Road, Taylors Road and Landons Road.
Connectivity and Public Transport:
Kilpauk is situated off the Poonamallee High Road. This road is among the most important nodal points of road traffic within the metropolitan region of the city. The road runs from VOC Road through almost the entire length of the central regions of the city till Mount Poonamallee High Road.
The Chennai International Airport is at a distance of around 18 kilometers from Kilpauk via the Jawaharlal Nehru Road.
The locality is approximately 4.5 kilometers away from Chennai Central Railway Station and 3.6 kilometers from Egmore Railway Station via Poonamallee High Road.
The neighbourhood’s rail transportation is majorly catered by the Chetpet railway station. The station is roughly at a distance of a kilometer to the south of Kilpauk.
Pachiappas College Bus Stop, KMC Bus Stop, Kellys Bus Stop, Motcham Theater Bus Stop, Medavakkam Tank Road Bus Stop, Kilpauk Water Tank Bus Stop and the Kilpauk Garden Colony Bus Stop are the main bus stops which service the locality.
The upcoming Kilpauk Metro Station which is situated next to Pachiappas College would considerably reduce the traffic congestion of the area.
Social Infrastructure:
Kilpauk is sprinkled by many medical care units. The Kilpauk Medical College & Hospital which is one of the premier medical colleges is also located here. The Kilpauk Mental Hospital, Gremaltes Leprosy Centre, One Life Mots Hospital, Dr HT Vira Reddy Hospital, Murali Lakshmi Krishna Hospital, Meenam Hospital, Padma Hospital, K.S.Hospital, Veekays Pet Care clinic (for pets) and Rigid Hospital are the other prominent health care units.
The locality also houses the popular theatres such as Ega Theatre, Sangam Cinemas and Abirami Mega Mall.
Kilpauk is also renowned for its schools which include C.S.I Bain school, Seth P D Hinduja Sindhi Model Senior Secondary School, Chinmaya Vidyalaya, Bhavans Rajaji Vidya Ashram, Kola Saraswati and Rukmani Vidyalaya among others.
Numerous popular hangouts such as McDonald’s, Cafe Coffee Day, Baskin Robbins and Juice Shop line Kilpauk.
Real Estate:
The developed locality of Kilpauk is considered a saturated region in regards to real estate. The Rate of Investment (ROI) is also high. Due to this there are just a few handful apartment projects which are coming up in the area. These projects are being built by small developers and consist of low rise apartment units with 2 and 3 BHK units. At present, the area is witnessing an incorrect demand and supply scenario. The major demand however, is in rental properties than for properties on sale. Presently, the most affordable project in the locality is being launched by Jains Archway.
Price Trends:
The micro-markets of Kilpauk have been witnessing the development of premium projects on smaller land parcels. Properties are available within prices ranging from Rs 10,000 to Rs 14,000 per square feet, depending on the developer as well as the availability within the project.
Future prospectus:
Few of the best residential dwellings within the city is offered by the area. The locality’s tree covered avenues along with comparably lower levels of pollution than the other parts of the city, make Kilpauk a preferred destination. The area also enjoys good demand due its proximity to important centers of the city and beyond. The price appreciation of this locality in the future might be very good. Though its proximity to various prime localities adds to the advantage of being a prominent locality and the rates of the property might catch up soon. This market is expected to remain stable, with gradual off take of existing inventory.
