Development is seen in the western suburbs of Chennai in Tiruvallur district, but there is lack of growth in some areas.
Although when we get out of the Minjur and Ponneri railway stations, we can observe the banners announcing sale of plot, and it gives people to know about the areas to buy.
Realty growth can be seen in an area where connectivity is good because it helps to explore the potential in many of the western and northern suburbs.
Among other reasons, he says, areas such as Red Hills and Athipedu are at a low level. So laying the foundation would be expensive in these areas that are dominated by middle class homes and mostly the employees are of manufacturing units. Most investors of this area are of lower income group, whose salary is less than Rs. 20,000 a month.
There are many problems the residents are facing such as saline water, poor roads and erratic bus service and few problems residents complain about, but plot prices are also increased.
According to real estate brokers, land transactions have increased over the past few years and the demand is chiefly for plots close to the station.
After the extension of Metro Rail's plans to extend to Tiruvottiyur, Chennai Port to Maduravoyal Expressway and Metro Phase II extension to Moolakadai are a few indications that the western and northern suburbs would soon be explored.
Western suburbs of Ambattur and Avadi are seeing faster growth with more industries, proximity to city and better transport connectivity.
Affordability is another factor realtors will have to be keep in mind. According to the sources, when the price of the plot was Rs. 400 per sq. ft, there were no takers for one year to buy the plot. Looking the scenario, we later brought the price to Rs. 300 per sq.ft and to be surprised more than 50 percent of the plots are sold. These areas attract people for investment as of now.
Some of the projects in tiruvallur are:-
Saravanan Apartment, Senior Citizen Paradise, Anchi Royale, Sree Venkateshwara Avenue, Classic Town, Natwest Mango County, Nest Ecstasy, Jemi VSP Nagar, Bhaggyam KRP Garden, Mahidhara Capital,
Sree Veeraraghava Avenue, Thanigai Jayan, Balaji Nagar, etc.
Some of the Education institution are :-
Sri Ram Engineering College, Sri Ram Arts and Science College, Victory Institute of Catering& Hotel Management, Bhajarang Engineering College,. Etc.
Some of the schools are:-
Dharmamurthi Rao Bahadur Calavala Cunnan Chetty's Hindu Higher Secondary School, Sri Venkateshwara Matric. Hr. Sec. School
Rollins Primary and Nursery School, St.Anne's Matriculation Higher Secondary School, Shree Nikethan Matric. Hr. Sec. School, Sri Lakshmi Hr. Sec. School. Sri R.M. Jain group of schools.etc
Some of the projects are: - Sree Vetri nagar, Yogam Garden Plot, Saravanan Apartment , Senior Citizen Paradise, Anchi Royale, Sree Venkateshwara Avenue, Classic Town, Natwest Mango County, Nest Ecstasy, Jemi VSP Nagar, Bhaggyam KRP Garden, Mahidhara Capital,.Etc.
Although when we get out of the Minjur and Ponneri railway stations, we can observe the banners announcing sale of plot, and it gives people to know about the areas to buy.
Realty growth can be seen in an area where connectivity is good because it helps to explore the potential in many of the western and northern suburbs.
Among other reasons, he says, areas such as Red Hills and Athipedu are at a low level. So laying the foundation would be expensive in these areas that are dominated by middle class homes and mostly the employees are of manufacturing units. Most investors of this area are of lower income group, whose salary is less than Rs. 20,000 a month.
There are many problems the residents are facing such as saline water, poor roads and erratic bus service and few problems residents complain about, but plot prices are also increased.
According to real estate brokers, land transactions have increased over the past few years and the demand is chiefly for plots close to the station.
After the extension of Metro Rail's plans to extend to Tiruvottiyur, Chennai Port to Maduravoyal Expressway and Metro Phase II extension to Moolakadai are a few indications that the western and northern suburbs would soon be explored.
Western suburbs of Ambattur and Avadi are seeing faster growth with more industries, proximity to city and better transport connectivity.
Affordability is another factor realtors will have to be keep in mind. According to the sources, when the price of the plot was Rs. 400 per sq. ft, there were no takers for one year to buy the plot. Looking the scenario, we later brought the price to Rs. 300 per sq.ft and to be surprised more than 50 percent of the plots are sold. These areas attract people for investment as of now.
Some of the projects in tiruvallur are:-
Saravanan Apartment, Senior Citizen Paradise, Anchi Royale, Sree Venkateshwara Avenue, Classic Town, Natwest Mango County, Nest Ecstasy, Jemi VSP Nagar, Bhaggyam KRP Garden, Mahidhara Capital,
Sree Veeraraghava Avenue, Thanigai Jayan, Balaji Nagar, etc.
Some of the Education institution are :-
Sri Ram Engineering College, Sri Ram Arts and Science College, Victory Institute of Catering& Hotel Management, Bhajarang Engineering College,. Etc.
Some of the schools are:-
Dharmamurthi Rao Bahadur Calavala Cunnan Chetty's Hindu Higher Secondary School, Sri Venkateshwara Matric. Hr. Sec. School
Rollins Primary and Nursery School, St.Anne's Matriculation Higher Secondary School, Shree Nikethan Matric. Hr. Sec. School, Sri Lakshmi Hr. Sec. School. Sri R.M. Jain group of schools.etc
Some of the projects are: - Sree Vetri nagar, Yogam Garden Plot, Saravanan Apartment , Senior Citizen Paradise, Anchi Royale, Sree Venkateshwara Avenue, Classic Town, Natwest Mango County, Nest Ecstasy, Jemi VSP Nagar, Bhaggyam KRP Garden, Mahidhara Capital,.Etc.
Source...