Pearl Palace

By: Palace Homes in Velachery

Palace Homes is a real estate group which focuses in earning the faith and respect of its customers through actions and not just words. Palace Homes is a prestigious organization comprising of experienced engineers and thoughtful builders who have successfully built a lot of housing projects. With a history of bringing projects on time and as per assured specifications, Palace Homes is a name to trust when it comes to real estate in Chennai.

Overview
Velachery, a residential area situated in the south of Chennai has a witnessed an exceptional growth in the real estate market. This locality has risen as the most sought-after destination in South Chennai. The strong growth in the infrastructure and IT sector has risen the demand for residential and commercial development in the locality. It comes under the jurisdiction of Chennai Municipal Corporation. Velachery is surrounded by IIT Madras in the north-east, Taramani in the east, Adambakkam in the northwest and Pallikaranai Marshland in the south. The locality of Velachery is surrounded by Jawaharlal Nehru Salai, Brindavan Nagar Main Road, City Link Road, Five Furlong Road, Velachery Main Road, and Perungudi Station Road. Dandeeswarar Temple is the oldest temple in the locality. This locality is getting greater recognition these days as a real estate hotspot due to its connectivity with Old Mahabalipuram Road (OMR), and IT & ITES companies. It is also well connected to the central business districts of Chennai. The popular Guindy IT Park is also located close to Velachery. Some of the prominent localities situated close to Velachery are Maduvinkarai, Madipakkam, Palavakkam, Adyar, Keelkattalai, Guindy, Thoraipakkam, Pallikaranai, Kovilambakkam, Nangainallur, Meenambakkam among others. Nehru Nagar, TNHB Colony, Gangai Nagar, TN Police Housing Colony, Gandhi Salai, Vellakal, Ayodhya Colony, Venkateshwara Nagar, Baby Nagar, Anna Nagar Extension, GKM Colony, Murugu Nagar, Mahalakshmi Nagar are situated within Velachery area. 100 Feet Road, Tharamani Road, Velachery Service Road are the internals roads of Velachery. Several IT/ITES companies have set up their offices in Velachery. Some major ones include Tata Consultancy Services (TCS), ZOHO Corp, AllSec Technologies. Laptop store, TeleData, and Sutherland Global Services. Some of the premium residential projects in Velachery are 

Connectivity
The Velachery main road on the south connects the fastest growing suburbs of south Chennai and Mount Road (Anna Salai) at Guindy via Velachery. A part of this road joins Guindy and Velachery and is home to some of the oldest localities.

It enjoys excellent connectivity to Chennai International Airport which is about 11 km via Jawaharlal Nehru Salai.

Velachery is well connected to the rest of the city by bus services operated by MTC. Vijayanagar Bus Terminus is the major and biggest bus stand in the Velachery locality from where buses run to different parts of the city. The 100 ft bypass road connects Guindy on the north-west.

The Taramani link road on the northeast connects Velachery with Rajiv Gandhi Salai (OMR).

The Jawaharlal Nehru Salai also called the 100 ft road or Inner Ring Road, Chennai passes along the MRTS line and connects near the airport the GST road, an arterial road in Chennai.

Perungidi, Velachery, St. Thomas Mount are the nearby railway stations to Velachery. However, Velachery is the nearest railway station situated at a distance of 1.4 km via Jawaharlal Nehru Salai. Chennai Central Railway Station is situated at a distance of 17.8 km via Chennai-Trichy Highway.

The Taramani Link Road in Velachery also connects to MGR Salai, an arterial road that connects to OMR.

There are direct Volvo buses between the airport and Velachery run by MTC. Autos and Cabs exercise between Airport and Velachery.

Factors for past growth
IT & working-class people prefer to settle in Velachery as more IT parks emerge on the Old Mahabalipuram Road and its proximity to the Central Business Districts of Chennai.

People who have come to the city for employment within the city are on the lookout for residential places. House for rent in Velachery finds proposed tenants due to its proximity to the IT corridor and other industries.

Employment hubs near Velachery

• Ascendas IT Park
• International Tech Park Chennai
• Ramanujan IT City
• ESPEE IT Park
• MPL Silicon Tower
• ASV Suntech Park
• Prince Info City 2

Infra Development (Social & Physical)
One of the major reasons for Velachery to become a residential attraction is the infrastructure. Velachery offers very good social infrastructure for its residents. Bethel Matriculation Higher Secondary School, D.A.V. Public School, SEED Play School, Jaigopal Garodia Hindu Vidyalaya, Bala Sarvana Vidyalaya, Kidzee School, Akshaya Matriculation School are some of the prominent schools to Velachery.

Healthcare facilties are also good in the locality. Some of the leading hopitals in Velachery include Athipathi Hospital, Anitha Hospital, Saraswathy Multispeciality Hospital, Prashanth Super Speciality Hospital, Ark Hospital, IITM Institute Hospital, Mount Multispeciality Hospital among others.

The shopping needs of the residents are catered by the nearby malls such as Royal Shopping Palace, ASV Crown Plaza, Reliance Trendz, Grand Square, Phoenix Marketcity, Grand Square, Ambika Shopping Centre to name a few.