Porur 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 Porur to other parts of the city?

Murali Krishnan, Chennai

21st April 2014

Locality Review in Porur, Chennai

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Replies (5)

How is the social infrasructure in Porur ? Can you let me know some good and reputed schools and colleges ?

Himani,

21st April 2014

Comment

@Himani: Porur is home to quite a large number of private schools such as PSBB Millennium School, Lalaji Memorial Omega International School, Pon Vidhyashram CBSE School, St. Francis International School and Govaradhan Hemavathi International School. Matriculation schools are also found in plenty such as Grace Matriculation Higher Secondary School, Holy Angels Matriculation Hr Sec School, St.John's Matriculation Higher Secondary School and St.Paul's Matriculation Higher Secondary School.

Hospitals such as SRMC - Sri Ramachandra Medical College, Kedar Hospital, Sooriya Hospital and Parvathi Hospital are located in the area. Location of malls and high streets make it a good residential option. Some important roads of Porur are Arcot Road, Mount-Poonamallee Road and Kundrathur Road. Bus junction at the crossroad connects Porur to Kanchipuram and Bangalore. College such as Sri Ramachandra Medical College and Saveetha University within the radius of 4 km.

Gurmeet,

21st April 2014

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

Himani,

21st April 2014

Comment

@Himani: The current price per sq ft range is around Rs 4,500-5,200 per square feet, due to surrounding amenities. This location will gain as the property prices are expected to shoot up. The Return on Investment has witnessed an increase of 12% Average apartment prices in this locality range from Rs. 4,000 to 5,000 per sq. ft. Average land prices are Rs. 4,000 to 7, 000 per sq. ft.

Major builders in this area include Urban Tree Infrastructures, Prestige Estates Projects Limited, Green Leaves Estates. Porur has a minimum guideline value of Rs.2000 per sqft to a maximum of Rs.4500 per sqft Stamp Duty is 7%, Registration Fees is 1%.

Gurmeet,

21st April 2014

Some of the good project are as follows:

Solitaire Apartments

Sidharth Rajgiri

Lemon Grass

Pranab Malakar,

21st April 2014

According to me you can expect good returns within 3 to 4 years. Porur is considered as the next IT hub after the famous OMR. As per the estimates these three building may occupy around 1 lakh employees in near future. The workforce, primarily from the IT companies that have offices around this locality look for investment, thus, increasing the demand for residential flats in Porur. Owing to a huge number of working professionals in DLF IT Park and other IT companies, the builders in Porur are coming up with both small and large scale residential developments

Pros and cons of the locality are as follows :

Cons: A proposed metro lane is under planning. However, the area has its share of problems. During the peak office hours, the area faces traffic snarls. Ample traffic lights can be found here.
Pros: Ground water is good. Parking facility is easily found.

Alex Stephen, Chennai

21st April 2014

Comment

Guys there are direct buses from Porur from Thiruvanmiyur, Avadi and Koyambedu. By road it can be reached through Guindy, Mangadu and Valasaravakkam. The Chennai International airport is about 13 kilometers away. Some important roads of Porur are Arcot Road, Mount-Poonamallee Road and Kundrathur Road. Bus junction at the crossroad connects Porur to Kanchipuram and Bangalore. :)

Supratim,

21st April 2014

Comment

@Murali: Porur is a fast developing area and well connected to city. A place for middle income group. All amenities are available nearby also clam & very good residential area.

It is ideally located at the centre of Chennai city on one side with Poonamallee the place for major engineering colleges and Industrial town Sriperumbuder just 15 kms away with major industries like Automobile industries such as Hyundai, Nissan, Renaul and Electronic giants like Samsung, Nokia, Foxconn, Dell St. Gobain Glass all situated in Sriperumbudur and on the other side Ramapuram DLF Tech Park, L&T ECC just 3 kms away and all major banks, restaurants, food courts, schools and clubs nearby this place is there specially for the young upper middle class.

*It is fast appreciating & fetching good rent. Well connected all main places in the city. it is well connected with Sakthi Nagar. According to me you can expect good returns within 3 to 4 years.

Vivek Kulkarni,

21st April 2014

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