Mahabalipuram: A Promising Real Estate Locality off Chennai

Nowadays, the residential demand in the Mahabalipuram area is rising rapidly. But what is the reason behind it? Here in this piece of article, you learn more about why Mahabalipuram is one of the most profitable real estate localities in Chennai.

Introduction

Mahabalipuram is one of the most famous places in Chennai and is also a UNESCO world heritage site. It is a widely known tourist spot that attracts people from every corner of the planet. The Mahabalipuram area is located in the southern part of Chennai. The location is also famous for having a wide array of monuments, and all of these monuments are related to the Hindu religion. The administration of Mahabalipuram lies in the Chengalpattu district of The Indian state of Tamil Nadu. Mahabalipuram is also known as Mamallapuram. 

But apart from being a well-known tourist hub, Mahabalipuram is also a potential residential hub, and no doubt it is a promising area. Real estate developers and investors are getting attracted to the place because they understand the actual demand for Mahabalipuram as a residential hotspot. The whole area is well connected with Chennai, and the transport service is such a boon here. Other places in the Tamil Nadu states are also associated with various main roads and other means of transportation service. A lot of tech parks or IT parks are situated near this region which makes the place an ideal one to stay with family. As the residential demand is rising rapidly, shopping malls, schools, colleges, theaters, and healthcare facilities are also growing day by day. All of these factors make this place a promising real estate locality. A wholesome combination of residential, commercial, and industrial real estate properties is increasing in this area.

But why is this Mahabalipuram region getting so much attraction from office working people, real estate developers, investors, etc.? Well, here you can find out why Mahabalipuram is a promising as well as demanding real estate locality in Chennai. 

What factors matter when it comes to a promising real estate locality?

A locality can be promising for any real estate property only if the locality meets some essential requirements. These critical factors dictate a few things like connectivity, daily features, social interactions, delivery service, etc. Whatever the real estate property is, these factors are very crucial. If the real estate locality includes more residential properties, then schools, colleges, etc., will be some extra factors. Industrial real estate properties demand heavy supply facilities, delivery facilities, other industry connections, etc. 

So, sacrificing the factors for location will not be a choice at all. Here you can check what points are essential for being a promising real estate locality.

• Commute times

A real estate locality will be appropriate if the locality is situated in the proximity of all major parts of the city and the states. It will help to reach the location within the proper time. Always pay attention to how far your desired neighborhoods are from public transit. You can also decide how much time you want to spend on traffic. It will help you to understand if the locality is a promising one or not. The more the demand, the higher the promising locality is. Because if the locality is near all significant neighborhoods, people will get attracted to the place, and it will get more exposure. 

• Lifestyle

Lifestyle is important, especially for residential localities, because people have to spend their whole life in a locality. If the lifestyle in a residential area is good enough for people, the locality can have a good reputation too. So, the locality is, of course, a good factor when choosing real estate localities. 

• Local amenities

Local amenities are quite crucial factors for any real estate locality. It can be residential or commercial, but the demand for all local amenities like electric supply, water supply, transport service, etc., should be present so that residents or workers can avail of all kinds of essentials whenever required. 

• Resale value

In case you need to shift to any other place for any job change or any other requirements, then it is good to sell your property. Suppose, after ten years, the value of the property can be increased. So, you must be aware of this factor when you are choosing your location. 

• Schools and colleges

Those who are looking for a promising residential real estate locality will also find educational institutions, colleges, professional training centers, etc. Schools and colleges are basic demands for any parent. So, if the location is packed with lots of schools and colleges, it can be a good choice for a residential real estate location for parents. 

• Healthcare services

Healthcare service is one of the most critical factors that are always necessary, whether the place is a residential or commercial locality. Go for any locality, and it should have a comprehensive facility for all healthcare so that any medical emergency can be handled in the locality. Especially those who are looking for a real estate locality for residential purposes can check the detailed list of nearby hospitals, polyclinics, or healthcare centers. 

• Future prospects

A locality with upcoming developments in a place decides the growth of a business that will raise the demand too. Future aspects like upcoming developments, construction, amenities, etc., are essential factors. Also, suppose there is any plan for metro lines, railway connections, highways, etc. In that case, the connectivity will grow more, and the demand for the place will rise rapidly, which makes the site more promising for any real estate property. 

• Price of land and properties

Prices of land in a location can increase or decrease the demand for a place. Whenever you look for a new property, whether residential or commercial, you will definitely look for the rate. Sometimes it is possible that you have a budget, but the locality needs to be more pricey. In that case, the locality can be out of budget. If a locality provides affordable funding for a significant portion of the general population, the locality will likely be one of the biggest real estate hotspots. Investors also like this place to invest in more properties. 

• Purpose

The purpose of the location is another crucial fact that you have to consider beforehand. You can view a place as promising if your goal is defined correctly. The same goes for a whole locality. If the locality has a particular purpose, like industrial growth or residential demand, the locality can quickly develop more. The meaning depends on various factors like types of locality, price, talent pool, etc. Factors for purposes can be varied for residential or industrial locations. 

• Affordability

Affordability means how much you are getting as your salary or your income and how much you can spend on your real estate property, buying or renting. Also, maintenance is included in the affordability too. So, an affordable place also can be a promising area because a massive group of people can buy or rent in that locality. Affordability also plays a vital role in deciding if the locality is for all or not. If the locality can be afforded by many, then the future of that particular location will be bright. 

• Security in the locality

When you are in a real estate locality hunt, it is always important to find a safe place whether you are looking for a residential property or an industrial property. You can check the safety reputation by looking into the neighborhood. It is true that a locality with a good safety reputation and lower crime rates can be expensive, but you can always be safe with your family or with your business. So, a promising real estate locality should ensure this.

• Legal cases

When it comes to any real estate property, it is always a mandatory factor to check all kinds of legal aspects. It is very much essential to inspect all types of legal activities so that you never fall for any real estate scam. So, when you are ready to shift your home or your business to a new real estate locality, make sure to check whether the location there is any legal dispute or not. If there are no such disputes, you can consider the location as one of the most promising real estate localities. Also, you can check the legal reputation of the place with the help of a registered lawyer too. 

Facilities and essential factors in Mahabalipuram for being a promising locality off Chennai

As the Mahabalipuram region is an attractive tourist spot, many people come to the locality every day. Also, there are lots of IT parks and other industries near the Old Mahabalipuram Road, which makes the place more important. Those who work in nearby IT parks are looking for lots of residential projects to spend their life. Also, there are lots of schools and colleges nearby which are highly standard as well as provide the best quality education. Nearby healthcare services are also good, and you can avail of all modes of transport system.

Here are all those factors that define why Mahabalipuram is a promising locality.

• The first and foremost factor is nearby IT parks. Mahabalipuram is situated so strategically that lots of IT parks are in the vicinity of central IT offices. Some of the major areas are mentioned below:
  • Financial city Sholinganallur( all banks are under one roof)
  • Tata consultancy services – the most significant building of TCS in Asia
  • Sports City Kelambakkam and Thiruporur, which is situated on 1509 acres of land
  • Railway link- Taramani to Cuddalore. This way also connects Mamallapuram, Pondy, and Thiruporur.
  • New bye pass road from Egatore to Thaiyur
  • A total of five flyovers on major spots near OMR
  • Japanese township

• Mahabalipuram is situated alongside the Old Mahabalipuram Road, which connects Adyan and Mahabalipuram through the roadway. In this OMR area, you can avail of various major IT hubs. The Chennai international airport is just 30 minutes away by road, and the TIDEL park is nearly 10 minutes away. 

• Lots of well-known schools and colleges are situated in this region. Some of those are Padma Seshadri School, Abacus Montessori School, Delhi Public School, DAV CBSE School, National Institute of Fashion Technology (NIFT), Jeppiaar Engineering College, Hindustan College of Engineering, St. Joseph’s College of Engineering, SSN College of Engineering, Asian College of Journalism, Sathyabhama Deemed University, etc.

• Local bus services are available throughout the Mahabalipuram region, and MTC and TNSTC provide the benefits. Various kinds of local, deluxe, and air-conditioned buses are available for traveling short and long distances. Also, railways services, cab services, etc., are readily available in this place. Nearby railway stations are Chengalpattu and Chennai junctions. You can enjoy local and express trains for traveling to various cities. Also, long-distance trains for Delhi, Mumbai, Bangalore, Kolkata, etc., are available from Chennai. The Chennai International Airport connects the city with various domestic destinations as well as foreign destinations like Singapore, Colombo, Middle East countries, etc. 

• The whole region is covered by Apollo Hospital, Aditya Bone and Joint Clinic, Lifeline, and Global Hospital, which are always available for any medical help and emergency.

• The Mahabalipuram region has nine essential stretches, and those are Madhya Kailash, Taramani, Perungudi, Thoraipakkam, Sholinganallur, Navalur, Padur, Kelambakkam, and Thaiyur. 

• The weather of Mahabalipuram is always warm year-round, ranging between 29°C (84°F) and 37°C (98°F). The city is situated in the coastal area of Chennai, so the weather is relatively constant here. And the weather is dry and hot during summer, and it is not too cold in winter. 

Bottom line

As there are lots of factors to consider, Mahabalipuram is no doubt getting more exposure, and lots of real estate investors and developers are trying to construct more new projects. All kinds of ranges for projects are available in this location. Affordable and convenience are two significant factors that help people to be attracted. With these kinds of facilities, Mahabalipuram is now a promising real estate locality in Chennai.