Velachery is an emerging residential hub for IT professionals and other office goers working in around places such as Velachery, Taramani, Perungudi, OMR. It is very easily accessible to OMR and ECR roads. Also restaurants like McDonnell, KFC, Subway, Pizza corner, Dominos are near by.
@Balwinder : Banks such as HDFC, SBI, IDBI, Standard Chattered, Ahmedabad bank have approval for home loans in this project. The current price per sq ft will be Rs 7,200.
According to me it would be very good idea if you are planning to buy property in Velachery. As far as I know you can get good returns as it is an ideal location for families to settle down and it offers great connectivity to all parts of Chennai. Residential apartments are quiet famous here, It is good for both long term investments as well as enduse purpose. Within 5 years you can expect good appreciation.