Locality Snapshot Velachery – Chennai : A CommonFloor Report

Holding the status of metropolitan city, Chennai has become the hotspot for real estate investment. Interestingly, the city’s major portion of the realty demand is resorted to the southern suburbs, which can mainly be attributed to the presence of numerous IT and manufacturing industries.In this report, CommonFloor will analyse the real estate trends in Velachery– a prominent suburb. Located in South Chennai, real estate potential of this micro-market has been increasing steadily every day. Owing to the increasing demand and rapid infrastructure development, it won’t be surprising if property values in Velachery skyrockets in the coming years.   “As part of ‘Real Insights’ into real estate, CommonFloor.com has come up with a detailed report on Velachery real estate market – one of the key micro-market in Chennai – with in-depth analysis based on CommonFloor data.

For detailed report“

Located in South Chennai and surrounded by other popular localities like Thiruvanmiyur, Madipakkam, Perungudi, Meenambakkam and Guindy, Velachery enjoys a prominent location among the suburbs. It occupies a central position between the Triangular roads of Old Mahabalipuram Road (OMR), Grand Southern Trunk Road (GST) and the 200 ft. road connecting these two roads. The locality also has its own suburban railway station that connects the micro market to other localities in the city. Velachery is also close to the International airport in Meenambakkam. The Velachery Main Road pass through the centre of the micro market, which connects the road to the triangular roads