Kolathur Locality Review

Q: I am planning to buy a property in Kolathur . I have recently shifted from Mumbai. Please let me know if the locality safe ? Please let me know if it is a good idea to buy a property for investment purpose ?

P Viswanathan, Chennai

26th May 2014

Locality Review in Kolathur, Chennai

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Replies (2)

Thank you for the quick response. I heard there are many reputed colleges here. Can you name some reputed schools and colleges ? How is the social infrastructure there ?

Vivek Kulkarni,

26th May 2014

Comment

@Vivek: Several schools are situated in this locality such as Vivekanda Vidhalaya, Everwin Metric. Hr. Secondary School, Don Bosco Srinivasa Nagar and Don Bosco Metric. Hr. Secondary School and Peravallur. DRJ Hospital is located in this area. Due to expensive living in areas in Anna Nagar, Villivakkam, Perambur, Puzhal and Madhavaram, many people are opting to stay in Kolathur.

Himani,

26th May 2014

How is the accessibility and connectivity from Kolathur to other parts of the city? What is the ongoing price trends in Kolathur ? Which are the good projects in Kolathur which is worth investing? Can you tell me the price details as well.

Balwinder Singh,

26th May 2014

@Balwinder: There are direct buses from Ayanavaram, Broadway and Anna Nagar to this locality. By road It can be reached through Perambur, Anna Nagar and Korattur. The Meenambakkam airport is about 20 kilometers away. Well connected by autos, buses and taxis, Kolathur is near to the airport. Important roads include Grand Northern Trunk Road(NH 5) and Inner Ring Road. Villivakkam and Perambur Loco Works railway stations and a bust depot connect it to other parts of Chennai

Average apartment prices in this locality range from Rs. 3,900 to 6,000 per sq. ft. Average land prices are Rs.4, 000/- to 7, 000 per sq. ft. The growth rate in this area is 5 %. Major builders in this area include: pushkarproperties, Sree Guru Foundations Pvt ltd, Supriya Builders, Asr Builders, IKS builders, KRK Builders, sri Sivalayaa Construction. Stamp Duty is 7%, Registration Fees is 1%.

Himani,

26th May 2014

Hey as far as I know some of the good projects in this locality are:

Vijay Raja Swarnam, Chennai
JCS Swathy Paradise, Chennai
Meadow Ville Township, Chennai
Avenue Orchid, Chennai
Aura Rhythm, Chennai

OR

You can also follow this link for your requirements.Kolathur Property

Rakesh, Bangalore

26th May 2014

Hey Viswanathan, Kolathur is one such suburb, which can boast of good amenities and relatively low prices when compared to other southern localities in Chennai. After Ambattur, Kolathur is the next fastest growing realty sector in north Chennai. There is no shortage of basic amenities like water, electricity and health care. Residential demand is driven by professionals working in various IT parks and companies. Excellent infrastructure, good connectivity, and access to grand trunk road attract a decent investment to this locality. Investment here is generally for end-user and not for rental purpose.

Pranab Malakar,

26th May 2014

Comment

Yes Pranab, also the types of housing in Kolathur are housing apartments and multistory apartments with good sewerage, drainage and sweeping system. Kolathur is one of most happening place in Chennai. Ideal location to settle down from business as well as residence part of view. Kolathur is the only area which has got enough ground water. Kolathur Retteri junction is very close to Chennai Bypass Road which makes life easier for business people for transportation.

Himani,

26th May 2014