Padur Locality Review

Q: I was planning to buy a property in Padur. Please let me know if it is a good idea to buy a property for end use ?

Srinivas , Chennai

3rd January 2014

Locality Review in Padur, Chennai

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chennai real estate

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Replies (5)

Which would be better option to buy for investments plot or residential apartments ?

Kalki K,

4th January 2014

Comment

According to me I would suggest you to go for residential apartments, it will be better option for than plots if you are looking for long term investments or enduse, as there are many upcoming projects coming up by reputed builders.

Joydeep D,

4th January 2014

How is the real estate growth here ? What about the electricity and water supply ?

Kalki K,

4th January 2014

It is a developing area and the Rate of Investment (ROI) is average. Padur water supply comes from the Chennai Public Works Department (PWD). The electricity supply in Padur is managed by the Tamil Nadu Electricity Board (TNEB) . Padur is becoming with very posh residential locality due to good colleges around 5 Kms and very good apartments coming up shortly. It is very near to IT firms like Siruseri Sipcot, TCS, HCL, Accentor and Polaris & Infosys.

Joydeep D,

4th January 2014

Yes, padur is one of the upcoming suburban localities of Chennai. Many new upcoming projects in Chennai which are categorized under affordable sector can be found in padur. So just in-case if you have any idea to invest on Padur, you can go ahead without any second thought!!

Praveen,

26th February 2019

What is the ongoing price trends in Padur ? Which are the good projects in Padur which is worth investing? Can you tell me the price details as well.

Kalki K,

4th January 2014

Comment

In the Apr-June quarter of 2013, the locality price appreciated to Rs 3794 per sq. ft. In the July-Sep quarter of 2013, the locality price appreciated to Rs 3893 per sq. ft. Around 4 to 5 perc appreciation has been found within three months.

Some of the upcoming projects are Jains Inseli Park by Jains Housing Constructions ltd, Vista Oceana by MMRF realty and infrastructure pvt ltd, SIS Acropole by South India shelters pvt ltd. The price per sq ft will be around Rs 3,775-3,995.

Joydeep D,

4th January 2014

Can you name some reputed schools and colleges ? How is the social infrastructure there ?

Kalki K,

4th January 2014

Comment

OMR Padur area is surrounded by many educational institutions. Hindustan engineering college is situated in Padur and many schools, engineering and arts colleges are available in the OMR. Nearest school is Gateway International School. It is just 0.5 km from Chettinad Hospital & Research Institute. Arihant Allied Mall is also near by.

Joydeep D,

4th January 2014

Padur is just 1 km before the Kelambakkam Market and is a pure residential area. Many multistoried apartments have built by reputed builders and are occupied by middle income and high income group of people.

Vivek Kulkarni,

4th January 2014

Comment

How is the accessibility and connectivity from Padur to other parts of the city? I heard the bus service is good.

Kalki K,

4th January 2014

The area is well connected with other parts of the city. It is just 17 km from Chennai City Railway Station and 20 km from Chennai International Airport. Yes It is very well connected by public transport system and frequency of bus services is very high. It is also situated nearer to Siruseri IT park. There are direct buses from Thiruvanmiyur and Sholinganallur to this locality. By road It can be reached through OMR.

Joydeep D,

4th January 2014

According to me it would be very good idea if you are planning to buy property in Padur. This locality very good option for residential and investment purpose with in two years it is becomes a New Chennai. This is surrounding by all major IT Companies, major collages & hospital & schools. This is the heart of Chennai. 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 as well as many luxury projects are coming up. It is good for short term investments, long term investments and enduse purpose. Within 3 to 4 years you can expect good appreciation.

Joydeep D,

4th January 2014

Comment