There has been a rapid growth in South Chennai real estate.

Pavan kumar, Chennai

18th February 2015

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Replies (5)

Hi Guys,
I am planning to invest some money in a residential project in Selaiyur area . I want to know the current market condition of this locality. Is Selaiyur showing any improvement recently ?

Kunal,

25th March 2015

Comment

Hi Kunal,

As per my knowledge, Selaiyur is a town near Tambaram, Chennai. This town is located on the Tambaram-Velachery Road. Neighbouring towns include Tambaram, Madambakkam, Rajakilpakkam, Sembakkam, Chitlapakkam and Medavakkam. The air-force station and serves dwellings for most of the retired air-force families are there. Selaiyur is a very good locality and close to all basic amenities like market, hospital and schools. Selaiyur is developing very rapidly. It has many numbers of educational institutions, leading restaurants, branded showrooms and importantly it has got lots of bus connectivity & it is near to Tambaram railway station.

Sujan Mitra,

25th March 2015

@ Kunal,

According to me, the only different reason the place was known for was its ancient temple tank in its inside. A really common destination for the native individuals in province . Today it's a far wanted location for those probing for a cosmopolitan neighbourhood with a mixture of individuals from completely different states of the country.

Kalki K,

25th March 2015

@ Mr Kunal,

In my point of view, Tambaram despite its quality is one among the oldest localities of Chennai. Investors of this neighborhood have primarily been locals and Tamilians who have came back from their travels outside. The town has additionally seen increasing variety of migrants with the expansion within the IT and producing section. At the time, to cater to the growing population, the real estate growth unfold to Selaiyur that was simply a developing neighborhood.

Priya Sharma, Chennai

25th March 2015

@ Mr Kunal,
If you are planning to invest in this area , as per my opinion ,you will have handsome figure in return. Proximity to areas like Tambaram, Madambakkam, Rajakilpakkam, Sembakkam, Chitlapakkam and Medavakkam has created Selaiyur standard. The leafage gift in Selaiyur is refreshing and a welcome modification from the opposite concrete and contaminated localities. This has majorly improved the liveability quotient of the place.

Madhukar, Chennai

25th March 2015

In my point of view, all these factors have resulted in a very marked increase in property values. Most of the properties in Selaiyur these days, are below construction or new created residences. The presence of instructional establishments, IT corporations near and simple road and railways have fuelled residential demand here. As of now, over forty new projects at totally different stages of construction are active within the neighborhood.

Alex Stephen, Chennai

26th March 2015

As per my knowledge, existing rail and road connectivity, upcoming metro rail and expansion of elevated MRTS rail facilities, conversion of ECR into a four-lane highway and the expansion of OMR into six-lane are some of the major factors which will help the growth pattern of South Chennai. The availability of large land parcels in the southern parts of OMR, GST Road and along the outer ring road will play a major role in the future developments in South Chennai.

Chandra mouli, Chennai

18th February 2015

Comment

Hi Pavan ,
In my point of view, corporate like TCS and Wipro chose OMR as their destination to establish their operations in Chennai. Establishment of TIDEL Park triggered the present development of South Chennai as the destination for IT operations which has in turn boosted the growth of this corridor. Establishment of TIDEL Park triggered the present development of South l Chennai as the destination for IT ITES operations. After the success of TIDEL Park, the state government declared this stretch of OMR as the IT Corridor.

Komathi, Chennai

19th February 2015

@ Pavan Kumar,
The genesis of infrastructural development started with the boom in the IT industry in the region. This has boosted development along the OMR and ECR. We have a relatively younger crowd settling in this region and the nature of investors in South Chennai is predominantly different from the main city. We are coming up with more than five projects in South Chennai.

Priya Sharma, Chennai

20th February 2015

@ Mr Pavan Kumar,

In my point of view, even the city limit is expanding in the southern direction with Sholinganallur seeing rapid development in recent times. The industrial development in Oragadam has played a significant role in increasing employment which has in turn seen a southern shift in settlement. More growth in the area.

Alex Stephen, Chennai

21st February 2015

Hi Mr Pavan Kumar ,

According to me, when you talk about residential development, it is a derived demand.The IT parks and the educational institutions all along South Chennai have created a lot of job prospects and subsequently the demand for housing has touched the roof. This is also evident in the development of social infrastructure all along the area. The young professionals have the purchasing power and hence the demand for residential projects has gone up.

S Subramanium, Chennai

21st February 2015

@ Mr Pavan ,

While the usual case has been that the rise in realty growth has made a dent on the environment and green cover, South Chennai has also struck a different note here. Despite the exponential realty growth, its green cover is among the richest among all regions in the richest among all regions in the city. The presence of IIT Madras, Theosophical Society and Guindy National Park have been a succour to the citizens. It is one major factor which potential buyers are taking into consideration.

Kiran Kumar, Chennai

22nd February 2015

Hi Mr Pavan ,
As per different sources, it is definitely a plus point for South Chennai. The only reason I chose to take a place in Guindy was because of the greenery. There's nothing like having a home in Adyar which has a strong green thumb to boast of.

Srinivas , Chennai

23rd February 2015

Hi Pavan Kumar,

Excellent physical and so cial infrastructure have played a vital role in this growth story. During the past one-and-ahalf decade the southern parts of Chennai like Adyar, Velachery, Medavakkam, Pallikaranai, Guindy, OMR and GST Road have become the preferred locations for commercial and residential developments. IT has played an important role in the development of south Chennai.

Gaurav, Chennai

18th February 2015

Comment

Hi Mr Pavan Kumar,

If you see the center of activities, South Chennai hogs all the limelight today. This will continue to do so, as the scope for growth in the region is immense. Just 10 years back, Tambaram was considered as the end of Chennai but now thanks to the extensive transport facilities and numerous educational institutions, the region is one of the busiest areas of the city. With the introduction of metro, the real estate scene of South Chennai will undergo rapid evolution.

Rama Naidu, Chennai

18th February 2015

Comment

Hi Pavan ,

Today, the growth story of South Chennai still seems unabated. With its ever expanding limits, the city's growth in recent times is unparalleled. Even as the centre of activities of the city continued to shift with each passing decade, the importance of the south has failed to dwindle even a bit. Instead, the southern part has risen like never before and today, it is developing as a premier commercial and residential part of the city.

subramanya, Chennai

18th February 2015

Comment

@ Pavan ,
Areas like Velachery, Selaiyur, Tambaram, Adyar, Mylapore and Saidapet are emerging as the major development hubs of the city. The establishment of major IT centres has paved way for rapid urbanisation of areas along Old Mahabalipuram road, East Coast Road and Grand Southern Trunk road.According to industry experts, two thirds of the hot localities of the city were from the southern zone in the past year.

Ravi Kumar, Chennai

18th February 2015