Flats in Pallavaram booms the demand of residential properties
Pallavaram is one of the booming residential areas, located in the suburbs of South Chennai. The locality has a long history behind it, as the place was inhabited by the great Pallava Dynasty. Over the past few years, the area had witnessed immense growth in both commercial and residential sectors. In particular, residential area has many good reasons to raise the demand of new residential projects in Pallavaram. As the area has the advantage of good connectivity, the capital appreciation of the homes and flats in Pallavaram has increased extremely. Located along the Grand Southern Trunk Road (GST), it has easy access to all the major parts of the Chennai City and IT hubs located in its vicinity. With all these advantageous factors, the demand for buying houses and new flats in Pallavaram has been remarkable in the year 2013-2014. The following writ-up is to guide the home seekers about the advantages of buying a property in Pallavaram.
Development of Residential Projects in Pallavaram
The core reason for the growth of residential projects in the locality is because of its close proximity to the IT hubs located in its surroundings. After laying the Pallavaram-Thoraipkam link road, the travelling has become even easier for the IT professionals to reach the IT corridor of Chennai. Apart from it, the area has advantages of closer proximity to MEPZ and Special Economic Zones (SEZ). Eventually, the IT employees preferred to buy or rent independent homes and new flats in Pallavaram.
The locality provides the multiple options for the home seekers to choose from. If the end-user is looking for a house for sale in Pallavaram, they can find both independent houses and furnished apartments in Pallavaram. These residential projects are constructed by the leading real estate developers and the preferred budget of a furnished 2 bhk house and flats for sale in Pallavaram is ranging from Rs.35 lakh to Rs.50 lakhs.
Further, it is informed that Pallavaram will come under Municipal Corporation limits in the future. If this happens, the price of the individual homes and apartments for sale in Pallavaram will even increase further. Thus, buying homes or apartments in Pallavaram is an ideal choice for the property investment in Chennai.
Advantages of buying Individual House or Flats near Pallavaram
Good connectivity is the key advantage for the residents who own the independent houses or apartments in Pallavaram. As the area has the railway station, which is located in the railway network of Chennai Beach-Tambaram-Chegalpattu, the residents can travel to their desired destinations easily. Apart from railway network, the area also has the frequent bus transportation facility that keeps them connected to places they visit often. Moreover, the Chennai International Airport is located just 1.5 kms away from this locality.
Apart from the transportation, the locality is surrounded by all the essential needs and requirements of the residents. Some of the famous educational institutions located in the area include St.Theresa Girls Higher Secondary School, St.Sebastian’s Matriculation Higher secondary school, Vel’s Vidhyashram, Vel’s University and more. Further, it has all basic essential needs like hospitals, shopping malls, temples, markets and recreational centers.
With lots of proposed commercial projects in the pipeline, the price will even increase further. Thus, if you are searching for individual home and apartments in Pallavaram, it’s thebest time to invest.