Thiruvottriyur – Realty update September 2013

Overview: 

The neighborhood of Thiruvottriyur is situated in the city premises of north Chennai. This locality has been one among the oldest habitations by the sea, and possesses a diverse residential population because of the various trading activity, industrial units and nearby fishing hamlets. Thiruvottriyur is famous for its cantonment and its bustling residential colonies.

Connectivity:

Thiruvottiyur is one among the most heavily populated regions of Chennai. This active locality is sprinkled with huge industrial establishments such as Greaves Cotton LTD, Royal Enfield Motors, CPCL, Ashok leyland, SRF, ETPS, Ennore foundries, as well as others.

The Manali High Road and Basin Road connects Thiruvottiyur with the rest of the city. The Thiruvottiyur High Road also plies through Thiruvottiyur.

The Chennai International Airport is at a distance of around 32 kilometers from Thiruvottiyur via the Chennai-Theni Highway.

It is approximately 13 kilometers away from Chennai Central Railway Station and 14 kilometers from Egmore Railway Station via Thiruvottiyur High Road.

Public Transport:

The locality is very well connected by public transportation services to the city. It is situated on the suburban railway network of Chennai Central – Gummidipoondi. The train and rail service is one of the major sources of transportation for the residents of the locality. The suburb is served by the stations located at Thiruvottriyur and Wimco nagar.

Thiruvottiyur MTC Bus Depot is the chief bus stop which caters to the area. Direct buses ply to and from Chennai Beach, T Nagar, Tambaram, High Court, Avadi, etc at regular and frequent intervals from the area. Additionally, there are a few limited bus services which operate from and to various parts of Tamil Nadu.

Social Infrastructure:

Sri Sathya Sai Vidyalaya Metric Higher Secondary School , Vellayan Chettiyar Hr Sec School , SRDK Vivekananda Vidyalaya Junior College , Kalaimagal Vidyalaya , Our Lady’s Convent , Revoor Padmanabha Hr Sec School , Ramakrishna Polytechnic , Kumaran ITI and Madras University – Govt College of Arts & Science are the top educational Institutions within the locality.

Vadivudaiamman Temple , Srinivasa Perumal Temple , Pattinathar Thirukovil , Thiruvottiyur Ramakrishna Nagar Beach , Shanmuganar Park , Sri Muthu Krishna Swami Madam , Varadharaja Perumal Koil and Kattu Ponaimman Kovil are the other places of public interest.

Real Estate:

Almost 62 per cent of Thiruvottiyur’s area consists builder floor houses. Apartment projects having 1, 2 and 3 BHK units take up around 18 per cent. This is followed by commercial properties as well as layouts and plots at an equal 18 per cent. Villas share a minority percentage of around 1.25 per cent.

Thiruvottiyur has chiefly been witnessing redevelopment projects along with the development of warehouses. Many eminent names in the realty constructions are focusing on their latest and upcoming projects in Thiruvottiyur. Launches and available properties include CS Realty Flats, Aspire, Pallava Garden, Ram Nivas, Vibrants, Bhavani Flats, Olympia Grande, etc.

Price Trend:

Being one of the prominent localities within Chennai, Thiruvottiyur prolongs to evoke the interest of home buyers. Property prices have been witnessing an appreciation of more than ten per cent during the past two fiscal quarters.

The realty market of Thiruvottiyur is typically being driven by the public sector employees , trader communities and port-related activities which are relevant within the region. The area has observed development of smaller products within the lower end of mid segment which are typically within the priced band from Rs 4,550 to Rs 5,200 per square feet depending upon the location, builder and specifications. While the redevelopment projects in the locality are priced roughly from Rs 4,750 to Rs 5,500 per square feet.

Future Prospect: 

Because of its close proximity to Parrys as well as Chennai Central in conjunction with comparatively affordable and economically priced residential properties combined with decent amenities, the area is fast becoming a much sought after residential destination. This market expected to firm up within the coming quarters, the price appreciation of this locality in the future might be very good.