Buy a Flat in Velachery to avail great Return in Future
Velachery is an emerging residential area located in south Chennai. The growth of this locality has been extraordinary over the past few years, as it acts a main hub that connects the IT corridor widely known as OMR. Apart from it, the area has an advantage of easy access to Grand Southern Trunk (GST) Road and all the major places of Chennai. Due to this geographical advantage, the capital appreciation of commercial and residential properties in Velachery has been remarkable in the recent years. The working professionals seek to rent or buy an individual house or flat in Velachery, as it has close proximity to IT parks located on the Old Mahabalipuram road. Further, there are several IT companies within in the locality which includes Allsec Techonologies Ltd, Tata Consultancy Services, Zoho Corp and Sutherland Global Services etc.
Another best part of Velachery is its frequent transportation facility through both railway line and roadways. Vijaynagar Bus Terminus, the biggest bus stand in the locality from which the buses travel through major roads like Taramani Link Road, Velachery Main Road, and Velachery bypass road. The location has the advantage of MRTS Velachery Railway Station that connects Velachery and Chennai Beach Station through its daily EMU Services operated by Indian Railways. Apart from it, the extension of the MRTS project from Velachery to St.Thomas Mount is in progress. Moreover, the Chennai International Airport is just 10 kms away from the locality. People can use the Inner Ring Road (IRR) to reach the airport, as the road is less traffic prone. With all these connectivity advantages, it’s an ideal choice for buying apartments or flats in Velachery.
The 2 bhk flats for sale in Velachery are ranging from 40 lakhs and 3 bhk flats are available at 60 to 70 lakhs. The price of the flats or apartments varies according to the location and type of home. In a recent survey, it states that 55 percent of residential properties in Velachery are of floor types, 35 percent of multi-storey flats and only the rest are of individual houses. At present, the rental value of 2 BHK apartments in Velachery is around Rs.12,000 to Rs.18,000 per month.
The famous schools located in this area include DAV Public School, Akshaya School, Bether Matriculation Hr.Sec.School, Guru Nanak Matriculation School etc. The colleges located in and around velachery are Jerusulam College of Engineering, Gurunanak College and Balaji Dental College & Hosptial. Further, the locality has recreational centres like Phoenix Market which is one of India’s biggest shopping malls, SDAT Aquatic Complex and more.
With lots of commercial projects and IT company projects in the pipeline, the growth of this locality will remain spectacular. In the recent years, there are enormous residential projects constructed by the leading real estate developers in the market. Most of these flats or apartments are well planned and built with all essential amenities that residence will opt for.
Therefore, if you are an end user looking to find a locality with good connectivity with all essential needs in the surroundings, it’s the best choice to buy a flat in Velachery.