Shantiniketan Altair

By: Shantiniketan Ashraya in Kelambakkam

Shantiniketan Altair - an exclusive gated, secure, perfectly planned Residential development in Chennai where all the inhabitants needs are within easy walking distance. It comprises of 20 of premium Apartments with the finest textures and finishes. Splendid outdoor and indoor spaces, lush green gardens, sports facilities and super-marts all a short walk away fulfill the best living experience at Shantiniketan Altair. These marvelous Apartments are located at Kelambakkam. It is spread over an area of 3.13 Acres with 413 number of units .

The Shantiniketan Altair is currently completed. The Shantiniketan Altair is meticulously designed and exclusively planned with world class amenities and top line specifications such as 24Hrs Backup Electricity, Cafeteria, Community Hall, Covered Car Parking, Gym, Intercom, Landscaped Garden, Lift, Play Area, Rain Water Harvesting, Security Personnel and Wifi Connection. There are total 413 units in Shantiniketan Altair. The percentage of units sold out till now is 100.

Situated on Old Mahabalipuram Road (OMR), Kelambakkam is a locality flanked by the Kovalam beach on its east. With Vandalur-Kelambakkam Road lying perpendicular to OMR, Kelambakkam is blessed with good connectivity, making it accessible to the rest of Chennai. The SIPCOT IT Park, one of Asia’s largest, is situated along the OMR, just 3km from the area. This Park includes several well-known companies like TCS, Syntel, Cognizant Technology Solutions, Apollo, and Hexaware Technologies, to name a few. It also enjoys proximity to places of worship such as the old church of St. Mary and Tiruporur Murugan Temple, making it a popular locality in the city.

Kelambakkam is well equipped with great social infrastructure. Noteworthy educational institutions situated here are St Marys Mat Secondary School, Prof. Dhanapalan College of Arts & Science, Bhuvana Krishnan School, and Hindustan University, well within 3km from the region. Chettinad Health City and Jain Hospital are the two closest healthcare centres, providing best medical services to the area’s residents. Many banks, restaurants, and shopping stores dot the streets of Kelambakkam, too.

Key Projects in Kelambakkam : 

Connectivity and Transit Points

Kelambakkam is well connected by a number of major roads. Kelambakkam-Kovalam Road, Vandalur-Kelambakkam Road, OMR/Rajiv Gandhi IT Expressway, and 60 Feet Veeranam High Road connect Kelambakkam to the other important regions of Chennai.

Chettinad Health City and Hindustan College bus stops fall within a 3km radius of the area. Tambaram Railway Station, Chromepet Railway Station, and Potheri Railway Station are the major rail transit points. Chennai International Airport lies at a distance of around 34 km, and can be reached within an hour via the OMR/SH-49A.

Major Landmarks

●       Christ The Redeemer Church

●       Kelambakkam Post Office

●       Jain Hospital

●       Chettinad Health City

●       Prof.Dhanapalan College Of Arts & Science

●       Sai Baba Temple

●       Kelambakkam Bus Station

●       OMR/Rajiv Gandhi It Expy

Factors for Growth in the Past

Kelambakkam witnessed growth primarily due to the development of the OMR and Vandalur-Kelambakkam Road. In addition, abundant land availability caused several residential and commercial pockets to expand rapidly in the region. Its proximity to SIPCOT IT Park further attracted the office workers who began relocating from adjacent localities to this area.

Another added advantage was the reasonable property prices. Excellent connectivity via roads and railways ushered real estate development and helped Kelambakkam flourish.

Residential and Commercial Market

Residential Market Trends

Apartments, layouts, and plots are dominant property types in the area. The average sale price for multi-storey apartments in Kelambakkam is Rs 3,350 per sq. ft., and for builder floor apartments it is Rs 3,450 per sq. ft. On the other hand, the average cost for a residential plot in Kelambakkamis Rs 12,550 per sq. yd.

Commercial Market Trends

The price for commercial spaces are extremely reasonable in Kelambakkam. Average price for offices in this locality is Rs 7,300 per sq. ft. and for commercial plots is Rs 2,250 per sq. ft.

Major Challenges

Although Kelambakkam is well developed, a few issues need immediate addressing. For instance, the production in the salt pan has come down drastically, thanks to the raw untreated sewage let out into the south Buckingham Canal. Over the last few years, salt production in localities such as Kelambakkam, Thiruvidanthai, Thaiyur, and Kalavakkam has significantly reduced.

Approximately 3,500 acres of land has been leased out by the Central and State governments to salt manufacturers. As the water in the canal is polluted, salt manufacturers have been forced to extract sub-soil brine from the ground. Although the density of brine is much more than seawater, the output is not much. The salt manufacturers have raised a request to the authorities to prevent sewage inflow into the canal, but Public Works Department and Metrowater have turned a deaf ear to their requests. This contaminated water has caused many to get skin ailments.

Factors for Growth in the Future

With the concentration of residential projects by Artha Property, Prabhavathi Builders, Green Home, and JHL Global Pvt Ltd, Kelambakkam will soon brim with real estate activity. Chennai One World, Prabhavati Cascade, Villa Green, Vijay Raja Spruce, Purva Swanlake, and Vishwakarma In Town are few upcoming residential projects in the area.

There are plans to widen Old Mahabalipuram Road, as well. This road will be transformed into a six-lane stretch between Siruseri and Poonjeri, and connect to East-Coast Road. The current four-lane road will have two bypasses at Kelambakkam and Thiruporur.