The city of Chennai encounters a
transformation in the real estate sector that showed stunted growth and
insignificant change in the capital values. When the whole country's real
estate scenario is murky, this city shows a ray of hope due to the development
and construction of the Metro Railways, the first phase of which is up and
running. According to the Globalncr.com
Insite Property Report, the city has extensive inventory stock that has
discouraged the spirits of the investors. However, due to the thriving areas in
Chennai like Urapakkam, the city still eyes ongoing construction work.
Urapakkam is a fastest growing
region in the suburban region of south-west Chennai. Beaming with life, the
area is situated on NH45 enjoying great connectivity. The area is in the
Kanchipuram District that is graced by the presence of vital roads in and
around. The Urapakkam Railway Station runs through the area making commutation
for residents easy. It is in the vicinity of the emerging areas like the
Vandalur-Kelambakkam Road, Outer Ring Road, and SP Koil-Oragadam-Sriperumbudur
Road. This place is also proffered with a bus stop and is close to the airport
to facilitate travelling. The area also has all the civic amenities in place.
Though growth is not uniform throughout the area yet it has a fully operational
Electricity Board and Panchayat Office. The Gold Souk Grande Mall is under
construction that will look after the daily shopping needs of the employees.
The area has premier educational institutes and medical facilities satisfying
the needs of the people residing here.
The presence of all the
necessities has led to the construction of new projects in and around this
area. Some of them are as follows:
1). Urban Tree Superb: This
ongoing residential development by the Urban Tree offers 1BHK, 2BHK and 3BHK
apartment constructed over a huge 3acres of land. The project is constructed in
pollution free environment amidst plush green landscape. The spacious rooms
with exceptional specifications portray refined and skilled construction work.
The site is also in the process of earning an IGBC gold rating which is a green
building certification. Constructed in a self-contained locality, the project
offers a range of modern amenities that include a multipurpose hall, play area
for kids, open space, video security, swimming pool, intercom, gym,
firefighting equipment, power backup, parks and gardens, rainwater harvesting,
lift, car parking, sewage treatment plant, Wi-Fi connectivity, piped gas, and
staff properties. This Vastu compliant construction is available at a price
range of Rs. 26.97 Lakh to 48.3 Lakhs for a floor plan of 548sq.ft. to
1303sq.ft.
2). South India Shelters
Marakesh: This elegant construction work by the reputed South India Shelters
property builders is ready for possession. Constructed over 4.62acres of land,
the plan offers 2BHK and 3BHK apartments that is located close to all the social
amenities. The project is loaded with all the new age amenities like paved
compound, play area for kids, intercom, swimming pool, gym ,power backup,
sewage treatment plant, Wi-Fi connectivity, and car parking to name a few. The
632 - 1050 sq.ft. apartments are available at a price of Rs. 26.54 Lakhs.
Therefore, this region offers a
range of properties that makes it a favorable destination for rented
accommodation and also satisfies the needs of the buyers.