Navalur Locality review

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

Srinivas , Chennai

20th March 2014

Locality Review in Navallur, Chennai

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Replies (6)

I am looking apartment for rent in and around hiranandini Egattur for family.budget upto 10k

krishnakarnan,

30th December 2014

Comment

Hi,
Radiance 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,

24th March 2014

Comment

Thanks Supratim and VIvek. How is the real estate growth in Navalur ? Which would be the best option to buy flat or villas ? How about rentals in this area ?

Srinivas , Chennai

20th March 2014

Comment

In Chennai, Navalur is witnessing a real estate boom as city has got abundant employment and business opportunities. A number of housing projects have been introduced to meet the demand of residential properties in this area, which is going on increasing day-by-day.

Navalur is the best option for those who are looking for luxurious properties, bungalows, independent homes, penthouses and independent villas in Chennai and especially for those one who are working in this areas. After elections the prices is expected to be increased. Based on list of Appartments rolling out, in the next 3-5 years you would have approximately 10,000 families with family income of over Rs 40,000 (in today's value) even if they are renting.

Supratim,

20th March 2014

Yes and also You would have many upper middle class supporting businesses like supermarkets, car showrooms, retail chains, entertainment venues, restaurants etc will follow in the next 3-5 years. Also plenty of Large parcels of land is available in the area for potential large future developments
(ie: Malls, office space etc)

Rubiya,

20th March 2014

Guys Investment in Navalur is a long term decision (5 years and up). I can see many shops are coming up and this should be a peaceful residential area. But to get to good returns in future my belief is that it should take 5 years. How is the price range and growth rate in this area ?

Kunal,

20th March 2014

Comment

@Kunal: People are looking for 2BHK apartments for sale and some for rent, as the population in this locality is mostly from IT companies. The return on Investment has witnessed an increase of 3 to 9% q-o-q. Average apartment prices in this locality range from Rs. 3,200/- to 4,200/- per sq. ft. Average land prices are Rs.3,000/- to 5, 000 per sq. ft. The growth rate in this area is 10 perc.

Vivek Kulkarni,

20th March 2014

Can you tell me some of the advantages of this locality ? I heard many projects are coming up. Please name of the projects with price trends.

Srinivas , Chennai

20th March 2014

@Srinivas:: a. Navalur has a very good location advantage (especially for people working in IT).

b.Navalur is located in between Sholinganallur & Siruseri, the TOP 2 IT locations in entire Tamil nadu

c. 3 of top 5 IT companies in the country have huge presence in this area. All these make this locality's real estate more boom.

Vivek Kulkarni,

20th March 2014

@Srinivas: Some of the upcoming projects are follow :

Olympia Opaline, Unitech Ekanta, Casa Grande Pavilion Villas, Creations Valencia, Sri Janani Homes Grand Ellora Villas, Vishram's Oasis, TVH Taus, SSPDL Mayfair Apartments, Radiance Ivy Terrace are names of some current and upcoming housing projects in Navalur. Olympia Opaline project and Unitech Ekanta project, are the best options to go for affordable housing.

Currently, the average price range for apartments in Navalur is Rs 4,450 per sq ft. and the median price belongs to Rs 4,700 per sq ft in Navalur. Sholinganallur at average price Rs 3,233 and median price Rs 2, 400 and Kelambakkam at average price Rs 3,250 and median price Rs 3,200 are the nearby localities in Navalur that are available at this price.

Supratim,

20th March 2014

I want to know how is the accessibility and connectivity from Navalur to other parts of the city? How is the social infrastructure there and also please help me out with reputed schools and colleges ?

Balwinder Singh,

20th March 2014

Comment

@Balwinder: The area is well connected with other parts of the city. It is 30 km from Chennai City Railway Station and 15 km from Chennai International Airport. Also (MRTS)Mass Rapid Transportation system and Bus terminal is near by.

Hospitals such as Swaram Hospital and Karunya Hospital is within the radius of 6km. Some of the reputed educational institutes are within the radius of 5 km are TS Narayanaswami Arts and College , Agni College of Technology , Sri Venkateswara Dental College & Hospital , Mohammed Sathak AJ College of Engineering.

Supratim,

20th March 2014

@Srinivas: Navalur is situated in Kancheepuram district, located between Sholinganallur and Siruseri, in Chennai. Navalur has covered with IT companies, Tech Parks, housing projects, Colleges and restaurants in the recent years.

Investment in Navalur is a long term decision almost for 5 years and up. Within 5-6 km radius, there are more than 20 IT companies (including TOP 5 IT Companies in the country such as Cognizant, Polaris, IBM, HCL and FL Smidth ). Investment in Navalur is a very good option. Navalur is an upcoming residential area with many number of Flats coming up, mostly professionals from IT companies renting and buying apartments.

Vivek Kulkarni,

20th March 2014

Comment

Hey guys ..Navalur is a suburb in Chennai. It is situated in Kancheepuram district, Tamil Nadu, located around 24 km south of the city, along Old Mahabalipuram Road. Navalur is very clean locality in OMR and property is located very close to the Navalur toll booth. The one phase of locality is OMR Road facing area. It is a clean, green and peaceful environment with all the facilities of a small township, water supply is good and developing is going on.

Supratim,

20th March 2014