The city of Chennai is bursting at the seams and spilling over to the small towns lying on its outskirts. One such locality is that of Padappai. The locality owes its name (meaning “beautiful flower garden”) to the number of nurseries that surround it. Once a small suburb, this town is developing quickly, owing to the number of big companies sprouting up around it. Add to this, it is in proximity to the city of Tambaram. The locality is abundant in unlocked land parcels and there is plenty of scope for it to grow further.
One should, however, not dismiss Padappai as just a new locality. Educational institutions like St. Mary Matric School and Padappai High School, and healthcare centres like Sayee Hospital, Sri Nursing Home, and others have contributed significantly to the social infrastructure of this small town.
Connectivity and Transit Points
Padappai lies close to the well-rounded locality of Tambaram. Regular Chennai MTC buses run between Padappai and Tambaram, and other localities of Chennai like T. Nagar, Broadway, C.M.B.T. and Velachery. Autos too, cater to the local commuting needs in Padappai.
Although the railways stations of Urappakkam and Guduvancheri are close by, Chennai Central, which is 45 km away, is the main railway station catering to long distance journeys across the country. For air travel, the residents of Padappai depend on Chennai International Airport, slated 22 km away.
â— Padappai Church
â— RRASE College of Engineering
â— Annamalai Complex
â— Alstom T&D
Factors for Growth in the Past
This locality’s easy connectivity with the heart of the city has been a major growth factor. Being close to the major residential locality of Tambaram has also helped. The prices here haven’t undergone much appreciation and has thus been successful in attracting a lot of potential home buyers and investors.
The presence of Oragadam and Padappai industrial corridor has been another instrumental factor. This industrial belt has been touted as the most successful industrial belt of south-east Asia. The presence of big names like Nissan, Apollo Tyres, and Alstom India T&D close by has swayed the locality towards rapid development.
Residential and Commercial Market
Residential Market Trends
The residential market in Padappai has a lot of untapped potential. As of now, most of the properties available in this market are residential plots, followed by a small number of apartments and independent houses in Padappai. The price range for these residential lands has been stable over the past few years, falling in the bracket of Rs 7,800-8,500 per sq. yard.
Commercial Market Trends
Currently, a commercial plot is available for sale in the price bracket of Rs 600-1,000 per sq. ft.
The roads in Padappai haven’t been developed completely to take the burden of rush-hour traffic. The residents and other people passing through this locality have to face frequent traffic congestion problems, especially around peak hours.
Factors for Growth in the Future
Practically sitting next to Oragadam, major development taking place in Oragadam is influencing the growth prospects of Padappai. The government is planning further expansion of the Oragadam SEZ, with both national and international giants setting up shop here. The real estate market in Padappai is likely to look a lot more attractive for investment once this SEZ is developed, with definite scope for price appreciation in the future.