Kelabakkam Locality Review

Q: Hi I am planning to buy a property here. Please let me know is it good for investment purpose ? How is the connectivity from Kelabbakam to other parts of the city?

Ravi Kumar, Chennai

5th March 2014

Locality Review in Kelambakkam, Chennai

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Replies (5)

Hi,
Shine is a good project. Have booked 2 single bedroom Apts. Realy its worth for the money what you are paying.
I have been in search of Flats in gated community from Feb-13 onwords in OMR and around the areas. But i could see the Radince shine is the one really going in Fast phase.
Moreover the sales guys there especially Bala Sai doing good work there. He doesnt lie at me where as the other builders where ever i go are just keeping fake promise. But here in Radiace it doesnot happen.
There is no hidden charges and amenities wise good. Comparatively in OMR Radiance Shine is good. You can refer my name there if you really going to buy a FLAT. my name is Ramasubramanian.

Price range would be 3700/-
The Project Started on 2012 -Nov, Almost all the floor is completed. Now the block work also started.They promised to deliver on 2015-Apr
Thx

Ramasubramanian,

Ramasubramanian,

19th March 2014

Comment

Thanks for the quick response. Yes this area is really very good and developing area. I think it has worth accessibility and availability of all things are close by and more over with no issues like damaged road, water logging etc. Can you name some reputed schools and colleges ? How is the social infrastructure there ?

Alex Stephen, Chennai

5th March 2014

Comment

Some of the reputed educational institutions are available such as St. Marys Matriculation School and Baba School, B.K.M Higher Secondary School, Government Higher Secondary School. The SIPCOT IT Park in Siruseri also houses the Chennai Mathematical Institute, a national center of excellence in the mathematical and physical sciences.

Kelambakkam has a high floating population consisting of students of Vellore Institute Of Technology VIT-Chennai Campus, Hindustan College of Engineering, Anand Institute of Higher Technology, Sri Sivasubramaniya Nadar College of Engineering , SSN School of Management and computer application, Shree Motilal Kanhaiyalal Fomra Institute of Technology(SMK FIT) Aarupadai Veedu Institute of Technology(AVIT) and other colleges.

Major hospitals is Chitinadu health city which is reachable in 5 minutes. Will know universities such as Hindustan University, Sathyabhama University and many other colleges schools are nearby. Each access to Mayajal, PVR Cinemas and lots of restaurants in and around OMR.

Kunal,

5th March 2014

I want to know the current ongoing price trends in Kelabakkam ? Which are the good projects in Kelabbakam which is worth investing? Can you tell me the price details as well. Can you name some of the good developers ?

Alex Stephen, Chennai

5th March 2014

Comment

In the Apr-June quarter of 2013, the locality price appreciated to Rs 3518 per sq. ft. In the July-Sep quarter of 2013, the locality price appreciated to Rs 3660 per sq. ft. its proximity to various prime localities adds to the advantage of being a prominent locality and the rates of the property might catch up soon.

Major builders in this area include: Vijay Shanthi Builders, Ramky Wavoo Developers, Srikaram Infratech Pvt Limited, Hitech properties, Citilights Properties Pvt Ltd.

Some of the projects are such as
VILLA GREEN by Green Home Farms and Resorts Pvt Ltd
Possession: 2014
VILLA GREEN

Greater Flower Garden by Greater Bangalore Estates
Possession: Feb 2015
Price per sq ft : Rs 4,050
Greater Flower Garden

Green Athens by Green Tree Homes and Ventures Pvt Ltd
Possession: March 2015
Price per sq ft : Rs 4,000
Green Athens

Prabhavathi Cascade by Prabhavathi Builders
Possession: Nov 2015
Price per sq ft : Rs 3,500
Prabhavathi Cascade

The returns on investment here average around 11%. Kelambakkam enjoys proximity to the IT corridor and is also a major tourist attraction. It is obvious that rates will appreciate in the near future. Average apartment prices in this locality range from Rs. 3,100/- to 4,500/- per sq. ft. Average land prices are Rs. 2, 000/- to 6, 000 per sq. ft. The growth rate in this area is 3 %.

Balwinder Singh,

5th March 2014

Guys as far as I know Kelambakkam is an important junction connecting the ECR (East Coast Road) and the GST (Grand Southern Trunk) Road; from Kovalam to Vandaloor Zoo. It also connects Mamallapuram and Adyar. From Kelambakkam, locations connected include (Thiruporur, Mamallapuram, Adyar, Vandalur Zoo, Tambaram, Thirukalikundram, Chengalpattu, and Tidel Park). Kelambakkam has been a popular market for adjoining villages like Velichai and Pudupakkam. Today, Kelambakkam is better known than neighbouring Thiruporur.

Balwinder Singh,

5th March 2014

Comment

@Ravi: Kelambakkam is the residential area which is very nearer to the SIPCOT, Siruseri where the major IT Companies are located. It is an ideal location for families to settle down and it offers great connectivity to all parts of Chennai. Residential apartments are coming up. It is good for long term
investments and enduse purpose. Within 5 years you can expect good appreciation.
But if you are planning to buy plot I think the appreciation would be higher than of buying aflat.

Kelambakkam, located on the Old Mamallapuram Road, is making a mark for itself in the residential real estate sector of the city. Surrounded by IT companies and educational institutions, the demand for Kelambakkam apartments is on rise. This locality will witness high demand and appreciation for Kelambakkam plots.

Kunal,

5th March 2014

Comment

Hey also the demand for flats in Kelambakkam is high due to a proximity to the SIPCOT IT Park just 3 kilometers from Kelambakkam. In fact, the stretch from Kelambakkam to GST has contributed drastically to the locality’s real estate prospects.

Kelambakkam is a very prime location in Chennai with IT sectors. It is an emerging hub of Chennai. It is a major junction on OMR. Connecting road for GST and ECR road. Surrounded by IT, ITES, manufacturing company, colleges, hospitals and market. The area is well connected with other parts of the city. It is 37 km from Chennai City Railway Station and 30 km from Chennai International Airport. Kelambakkam is a junction where we have buses for Chennai city and other places.

Gurmeet,

5th March 2014