Sholinganallur Real Estate: Why It’s a Hotspot for Investment
One of the country’s fastest-growing cities, Chennai is a real destination for real estate. It is witnessing huge infrastructural development. Sholinganallur, a rapidly expanding Chennai neighborhood, has also drawn a lot of interest from prospective homeowners. So, Sholinganallur comes under which district? Well, it comes under the Kanjipuram district. This locality in Chennai is a quickly expanding suburb that is more than just a place to live.
If you are looking to invest in real estate in Chennai but haven’t decided on a locality, you can also consider Sholinganallur.
Many home buyers are considering Sholinganallur, as it’s a quiet neighborhood with easy access to excellent schools, colleges, banks, and hospitals. It also boasts several popular restaurants, and corporate and IT hubs. Also, there are numerous options for existing and upcoming residential projects to fit any budget.
Still confused about this Sholinganallur locality in Chennai? Let’s read out all the reasons to invest in Sholinganallur.
Connectivity, accessibility, and transport network
For property buyers and investors, adequate transportation and connectivity are important. They prefer buying a real estate property near the transportation network so that it will be easier for them to commute daily. Also, it will help in increasing the property value in the future.
Sholinganallur has easy access to important corporate centers and IT hubs. Because it is in an ideal location at the intersection of East Coast Road and Old Mahabalipuram Road.
- Sholinganallur is also connected to various popular areas of Chennai via roadways and trains. So, it is easy to access localities such as Velachery, OMR, and Perungadi.
- You can easily travel from east Tambaram to Sholinganallur via Velachery Main Rd.
- As this locality lies in the IT corridor of OMR (Old Mahabalipuram Road), there is proper connectivity and accessibility to other parts.
- The southern suburb of Sholinganallur is a critical area in the IT Corridor and thus well-connected to other sections of Chennai via MTC and TNSTC buses.
- Metro expansion in Chennai is underway which is also profitable for the home buyers. Construction of the OMR IT corridor between Taramani and Sholinganallur has begun. This will be for 10 elevated metro stations.
- It’s easy to travel from Sholinganallur to Tambaram with MTC buses via Pallavaram-Thoraipakkam Road.
Proximity to IT hub and offices
People working in the nearby IT parks and companies also prefer Sholinganallur for buying residential apartments, plots and villas. The IT corridor is contributing to the growth of real estate in Sholinganallur. It is also attracting people from other parts of the country and states to work here.
The biggest benefit is that Sholinganallur is close to important IT companies that draw a lot of people working here. A few of the popular neighboring IT parks are PSBB Millennium, Siruseri IT Park, and Gateway International.
Another reason for Sholinganallur attracting investors is the construction of a financial hub. Tamil Nadu Industrial Development Corporation (TIDCO) is constructing a financial hub in this area so there will be establishment of different national and international financial firms.
Improved social infrastructure and better Lifestyle
Because of the IT Corridor in this area, people from all over the country live in the Sholinganallur neighborhood. Thus, Sholinganallur’s social infrastructure is also developing so the area’s real estate value is estimated to appreciate in the future. Marina Mall is the popular Sholinganallur mall that is located very close to the area. The availability of malls in this area makes it easy for the residents to step out on weekends for recreation and entertainment.
Capital appreciation of Sholinganallur Chennai
As Sholinganallur is near the IT sector and other social infrastructure, the neighborhood is seeing consistent growth in property prices. Currently, this locality is a strong investment option for capital appreciation.
Furthermore, the planned metro station here will also raise the land’s appreciation value. There is also a huge demand for rental homes because of the proximity to corporate offices and IT hubs, which presents a good chance for rental revenue for homebuyers and investors.
| Educational Facilities | Healthcare Facilities | Malls and Recreational spots |
| Sacred Heart Global School | Sri Sugam Hospital | Vivira Mall |
| Apollo Group of colleges | Swaram Hospital | Marina Mall |
| Chennai College of Arts and Science | Chettinad Hospital | |
| Narayana E-Techno school | Sri Kumaran Hospital |
Real estate in Sholinganallur Chennai
One thing that we cannot ignore is Sholinganallur’s real estate market which is flourishing. This is because of the IT corridor and the young families seeking homes outside of the city’s busy life. Sholinganallur is connected to some of the upscale residential areas which include MGR Nagar and Rajiv Gandhi Nagar. From employment to several Sholinganallur places to visit, a resident of this locality will get everything here. The average price range of residential apartments in Sholinganallur ranges from Rs 3,500 and Rs 8,600 per square foot.
Top Residential Projects in Sholinganallur
In Sholinganallur, there are several types of residential projects available that you can choose as per your choice and budget.
Price- Rs 79.55 L – 1.74 Cr
RERA Approved
Plot area- 1170 sq. ft
This residential project offers all the modern amenities to ensure an elevated lifestyle. It is also surrounded by a gated community and renowned educational institutions and hospitals.
Price- ₹72.48 L – 78.28 L
RERA Approved
This project is located near Arasankalani Lake and the locality gives the perfect vibes of urban development and peaceful surroundings. It has all the amenities that attract investors such as round-the-clock security, rainwater harvesting, a clubhouse, and so on.
Price- 1 Cr Onwards
Rera Approved
Project area- 7812 sq ft
This project provides amenities like a gated community, 24*7 CCTV surveillance, and world-class amenities. It is a perfect project that combines urban living and comfort.
Conclusion
Sholinganallur’s easy connectivity and presence of IT hubs make it a good destination for real estate investment. The connectivity of Sholinganallur to Tambaram and other important areas is also boosting real estate. For whatever reason you choose to invest in Sholinganallur, you will surely get a good return on your capital. Surrounded by IT companies, it is easy to find tenants quickly if you choose to rent the property in this location.
