Valsaravakkam: An Investor Destination
Real estate in Chennai is growing rapidly with every locality contributing largely towards the development and growth of the city. One such area is Valasaravakkam, located on the Taluk of Poonamallee, just 15 kilometers away from the Chennai city. Valasaravakkam is centrally located, on the arterial Arcot road, having access to all shopping locations and IT companies in Chennai.
Valasaravakkam is very well-connected to all part of the city. Chennai Airport is just 7 kilometers and the nearest rail station is Kodambakkam. One of the major landmarks CMBT (Chennai Moffusil Bus Terminus) is 9 kilometers away from Valasaravakkam, from where buses can be boarded to all parts of city as well as to suburbs and other southern cities of India. The key neighbourhood areas include: Vadapalani, KK Nagar, Saligramam, Porur, Alwarthirunagar and Virugambakkam.
Valasaravakkam is proud to associate itself with some of the well known schools of Chennai. There is the Chettinad Foundation, Pon Vidyashram, La Chateline, St.John’s and Holy Cross School. Leading hospitals like Suriya Hospital, Vijaya Hospital and SRM Hospital are in the vicinity of this location. Infact, buying valasaravakkam flats in closeness to schools and hospitals will bestow good returns.
In this locality, one can find international restaurants, namely, KFC, Dominos and McDonald’s. Other well known eating joints include: Banama’s Kitchen, Hot Chips, Saravana Bhavan, Cafe Coffee Day, Adyar Bakery, Grand Sweets and Snacks. For daily needs, residents can walk down to shop at Nilgiris, Reliance Fresh, Spencer’s Daily and More Supermarket.
Shopping can be a pleasure after the launch of Forum Vijaya Mall and Shopper Stop which is just a stone throw from Valasaravakkam. Megamart, biggest shopping brands in Chennai is already operational in this locality. For entertainment, you have Fame International Theatre. Being centrally located and having all amenities in its surroundings have increased the demand of flats for sale in valasaravakkam.
The prime reason for flourishing valasaravakkam real estate is its proximity to the Arcot road which links it to major IT companies and IT Parks. DLF IT Park, Olympia Tech Park and Guindy Industrial Estate are few such destinations which attract real estate in this locality. Another reason for booming real estate is the upcoming Arumbakkam Metro Rail Station which is just 4.7 kilometers from here.
People are flocking from all areas to invest in plots in valasaravakkam as the locality is blessed with good infrastructure. There is not much water and electricity problem. There are around 6 mini power pumps, few open well sources and pipe lines which is sufficient to supply water throughout the locality. Roads and sewage lines are also maintained properly.
Some of the leading builders in valasaravakkam who have established itself in this area are: Sri Sarvana, Stepstone Construction, Sri Chakra, ADJ Real Estate, Purvankara Projects, Alwin Golden City limited, Padma Estate, Pandian Real Estate etc. Projects like BBC City Park, Kiruba Cirrus and BBCL Premium residential Complex have apartments with state of the art amenities like swimming pool, mini-theatre, clubhouse, indoor games and children’s playground that truly makes a world class living for residents. Few upcoming projects are SriDevi by Appasamy Real Estate, Harmony Eleganz by Harmony Residencies and Romaa Paradise and Purva Jade by Purvantara. The average price of residential flats in valasaravakkam is Rs.5,757 per square feet and for residential plot, it’s around Rs. 58,470 per square feet . Rent is approximately Rs. 31 per square feet.
This locality has the potential and is seeing a lot of developments. Due to price appreciation investment here can lead to good returns.
Manika Krishnan writes in support of property.sulekha.com, an Online Property Portal catering to all the consumer needs in the Indian real estate domain. It’s a platform for both buyers and sellers to exchange valid information in a quick and effective way. Log on to property.sulekha.com to advertise and also find more information on various properties.