Velachery Is A Prime Realty Hotspot Of South Chennai

Velachery is one of the biggest accommodation providers in South Chennai. If you want to know why the place is the prime realty hotspot, stay tuned with the context to learn about this. 

Introduction

Velachery is a widespread name in Chennai, which is slowly emerging as one of the biggest realty hotspots. It is getting more exposure not just for buying real estate properties but also for renting properties at a very affordable price. It is located in the southern part of Chennai. This region is not only just famous for residential properties, but also a lot of commercial properties are present. The IT hubs around the locality of Velachery are also one of the biggest reasons why people are getting attracted to this place. Seamless transportation services and well-designed infrastructure are also some of the main reasons. Central offices or industries like TCS, Flextronics, Sutherland Global Services, etc., are situated nearby. People from these well-known companies are always trying to find the best accommodation within the vicinity of the office area. This whole area is located in the proximity of the Old Mahabalipuram Road (OMR) or the Grand Southern Trunk (GST) Road, which provides the best road transport mode too. 

The affordability of the accommodation helps people a lot to stay. When the neighborhood of Velachery, named Adyar, provides houses or accommodation at almost double the price, Velachery provides the lower price. Apart from all of these significant features of Velachery, there are a lot of facilities that residents can avail of easily. 

Some of the most prominent real estate investors or real estate developers mentioned that Velachery had experienced significant growth in residential and commercial projects since the IT hubs are booming around the locality. Also, the connectivity with the Thoraipakkam Road made the Velachery region the most significant IT hub nearby. The most exciting part is we are talking about the year 2010 when Velachery was a tiny town. But now the area has become 500 times larger than in 2010 in just 12 years. 

Well, to clarify, we will talk about why Velachery is considered the prime realty hotspot of South Chennai.

Keep reading!

Why does Velachery emerge as the best and prime realty hotspot in the southern part of Chennai?

Velachery is one of the oldest residential areas in South Chennai. Previously it was only just a residential area, but now, it is also an emerging IT hub in Chennai. Guindy surrounds the whole area of Velachery in the north side, IIT Madras in the northeast, Taramani in the east, and Perungudi in the southeast. It is bounded by Pallikaranai Wetland in the south, Madipakkam in the south and southwest, and Adambakkam in the west and northwest. In the last decade, the area has experienced rapid growth in IT hubs that manipulated the development of residential hubs too. Here you can check all those infrastructures, connectivity, and other factors that are continuously helping the place to be a prime realty hotspot in the southern part of Chennai.

• The geographical advantage of Velachery is considered an attribute of its growth and development.
  • The Velachery main road connects southern Chennai and the Mount Road (Anna Salai) at Guindy.
  • The bypass road connects Guindy on the northwest, which is known as a 100 ft bypass road.
  • The Taramani link road on the northeast connects Velachery with Rajiv Gandhi Salai (OMR).
  • The Taramani Link Road in Velachery also connects to MGR Salai.

• Transportation services are pretty good in the Velachery region, which helps to make it one of the best realty hotspots.
  • Air: The nearest airport of the Velachery region is the Chennai international airport which is located in Meenambakkam. The airport is situated 10.5 km away from the center of Velachery. One can reach the airport through the Inner Ring Road (IRR), which will be the shortest way to get there. Also, the GST-Anna Salai(Mount Road) route via Guindy is available. Direct Volvo bus facilities can reach the airport from Velachery, and MTC conducts this bus service. Autos, cabs, etc. are also available to reach the airport, and the fare is quite affordable too. 

• Road: Velachery has a central bus terminal named Vijayanagar Bus Terminus. It is the largest bus terminal in the locality. From the bus terminus, buses from all other parts of the city fly away. Buses run through three different roadways: Velachery Main Road, Taramani Link Road, and Velachery Bypass Road.

• Rail: Velachery is served by a broad gauge to be connected with other parts of the city. The Indian railway operates daily EMU services. The central railway station is Velachery MRTS Railway Station. There is another part of MRTS(Mass Rapid Transit System) that has been operated since 2007. There are also EMU services from Chennai Beach to Velachery at a minimum interval of 10 minutes. The railways connect the area of Velachery to prominent locales such as OMR, ECR, Besant Nagar, and Marina Beach. The St. Thomas Mount Railway Station is the central connecting point for the buses and the railways. 

• Some well-known infrastructure is also notable in Velachery that helps to enhance the importance of the place.
  • MRTS extension connecting Velachery with St. Thomas Mount

• Construction of stormwater drain connecting Velachery with South Buckingham canal: The stormwater drain network will be constructed underneath the six-lane road that is connecting Velachery with Taramani. The world bank funds this whole project.

• Construction of twin flyovers at the busy Vijayanagar junction in Velachery: the twin flyovers will connect three major roads, and those are the Velachery-Tambaram main road, 100 feet bypass road, and the Taramani link road. This will help to be relieved from heavy traffic.

• Beautification of Velachery lake: The lake’s beauty will help attract more tourists. It can be a center for boating and other fun activities. The lake also serves as a significant groundwater recharge for the adjoining localities.

• SDAT Aquatic Complex: it is one of the exciting places in Velachery. SDAT Aquatic Complex is a swimming pool complex that was built by the Sports Development Authority of Tamil Nadu (SDAT). There are a lot of facilities like one racing pool (50 × 25 m), one diving pool (18 × 25 m), one warm-up pool (20 × 25 m), a VIP lobby and lounge, change rooms, shower cubicles, physiotherapy room, first aid, CCTV, control room, electronic scoreboard, gym, commentator box, and a vast seating area.

• The central location of the whole Velachery region
  • It can be said that Velachery is situated precisely in the heart of the city. If you choose a residence in Velachery, you can keep yourself close to significant locations like Thoraipakkam, Chennai international airport, Central railway station, etc.

• Primary schools and colleges are present throughout the Velachery neighborhood, which makes the place suitable for education too.
  • Significant schools around the Velachery region are St.Britto’s Academy, Sivasakthi Matriculation School, Guru Nanak Matriculation Higher Secondary School, Bethel Matriculation Higher Secondary School, ST Savio Matriculation Higher Secondary School, Government Higher Secondary School (formerly known as Periyasamy school), DAV Public School, AKG Public School, Lakshmi VidyalayAM Matriculation Higher Secondary School, Akshayah Matriculation Higher Secondary School, David Matriculation Higher Secondary School in Gandhi Road, The Chennai School (International Baccalaureate), Dav Baba Vidhyalaya, Vandikaran Street, Arsha Vidya Mandir Higher Secondary School, Guindy, Nehru High School, San Academy Velachery, etc.
  • Significant colleges are Guru Nanak College, Jerusalem College of Engineering, Balaji Dental College and Hospital, Anna University, SRM University, Hindustan University, etc.

• Major hospitals and healthcare centers near Velachery
  • Dr. Kamakshi Hospital, Apollo Speciality Hospitals, Athipathi Hospital, Velachery KS Hospital, Appasamy Krishna Hospital, And Medical Research Center, Neolife Hospital, Astra Ortho and Spine Center, Dr. S.Prabhu – Sundaram Hospital, Velachery Arima Sangam, Eye, and General Hospital, and Prashanth Super Speciality Hospital are widely known for their world-class service. All kinds of medical help can be taken from these hospitals. 

• A lot of shopping, food joints, hotels, and entertainment centers are also present to make the place fun-filled and enjoyable for all age groups.
  • Phoenix Marketcity Mall, Grand Square Mall, Park Hyatt, Westin Hotel, ITC Grand Chola, Blue Cross headquarters, etc., are some notable names in this place.

Well, after knowing all these beneficial factors mentioned above, here we come to the price range of the location.

• Velachery Apartments for Rent – Price Range

Here we will add the graph showing the rent range in Velachery.

Going by the graph, we can see that the price of Velachery apartments for rent is Rs. 17 per sq ft for the July-22 quarter. It also did not witness any change from the Apr-22 quarter. However, if you compare these prices from last year, i.e., Apr-21, there has been a decline from Rs. 18 per sq ft to Rs. 17 per sq ft in Apr-22. It can be said that the rent range is relatively lower than in any other place. 

• Velachery Apartments for Sale – Price Range

As Velachery has a lot of facilities that can attract people to stay or live in the place, the place is emerging as one of the biggest residential hubs in Chennai. Various kinds of apartments, personal houses, villas, etc., are constructed by prominent builders and real estate developers. 

According to the graph, the average price of an apartment in Velachery, Chennai, is Rs. 7,500 per sq ft for the Jul-22 quarter. It grew by 1.20% from the Apr-22 quarter. But if we compare these prices with the Jan-22 quarter, they have dropped by about 1.50% in the Jul-22 quarter. While there has not been an impressive price growth or decline in the quarters so far, it would be special to notice what takes place in the last quarter, i.e., Oct-22. 

New Projects in Velachery, Chennai

As Velachery is experiencing massive growth in the demand for residential and commercial projects, many well-known builders are presenting their best real estate projects.

Here are some of those notable projects in Velachery.

• Bora Megan Castle

The Bora Megan Castle is one of the most significant real estate properties in Velachery, which includes a well-designed space and ergonomically designed residence with modern amenities. Mainly two types of room configurations are available, which are 2 BHK and 3 BHK.

• Lakshmi Apartment

This apartment offers an excellent quality of living to all residents. It is a project by Lakshmi Builders. It is spread over a vast 2 acres of land. Mainly three configurations are present in this apartment: 1 BHK, 2 BHK, and 3 BHK.

• ASV Jayantika

ASV Constructions presents ASV Jayantika, which is an aesthetic and well-designed residential project spread across 3 acres. It promises awe-inspiring views, top-notch international standards amenities, a healthy lifestyle, and a moderate price range that anyone can easily afford. The whole project is a well-executed project comprising 28 units.

• Lakshya

The Lakshya is one of the most significant projects offering luxury and comfort. RKN Construction Pvt. Ltd. presents This project with ultra-modern facilities, well-planned space, and much more. It has 2 BHK and 3 BHK apartment units

• Golden Square

Esthell Homes constructed the Golden Square. It includes a wide array of 2 BHK, 3 BHK, and 4 BHK units. It has facilities like restaurants, multiplexes, and retail outlets. 

• Anitech Blossom C

Anitech Foundations has constructed this beautifully designed Anitech Blossom C in Velachery, which is the epitome of affordability and comfort. The residential development is spread over a total area of 0.11 acres. It can be the best location for living with the family.

Summing up the thoughts

After reaching till now, it can be said that the whole Velachery region is getting more exposure from various reasons like IT hubs, good connectivity, etc. As the demand continuously grows, builders and developers are choosing this place to construct more real estate projects. More infrastructures are also planned to be executed in this place. Soz, with the enhanced infrastructure, higher demand, and proper connectivity, the location of Velachery is emerging as one of the most significant and prime realty hotspots of South Chennai.