NAVALUR-THALAMBUR:-
The entire stretch has been primarily evolved as a residential hub on account of the IT developments. Proposed infrastructural initiatives in the part of the city include road widening of OMR from Siruseri to Mahabalipuram, construction of multiple flyovers and a multi-deck elevated transport corridor including a four-lane elevated highway
All these initiatives are expected to ease the traffic bottlenecks and reduce the travel time from OMR to the rest of the OMR Corridor and other parts of the city as well, thereby fueling further real estate growth along this part of the corridor.
MEDAVAKKAM:-
Real Estate growth here is driven by the proximity to IT hubs on the OMR and the SEZ on the Medavakkam-Sholinganallur road.
It is a self-sustained micro-market having a well-developed social infrastructure with a range of choices of educational institutes, retail avenues and healthcare facilities.
As per Real Estate experts, The average residential prices hover around Rs. 3500-4500/sq.ft.
GST ROAD:-
Increased Focus on the industrial and IT sector in this region with the presence of prominent IT projects as well as multiple engineering, automotive and ancillary industries have boosted the prospects of this area.
It enjoys good connectivity to the northern part of the city through the outer ring roads well as the employment hubs on OMR via Kelambakkam –Vandalur Road.
Adequate social infrastructure supported by reputed educated institutions and concentration of several affordable projects along the stretch has made the micro-market very attractive.
Rate per sq.ft- Rs.3500-4800 sq.ft.
MOUNT-POONAMALLE ROAD:-
This micro-market is an established and growing IT hub and enjoys excellent connectivity to the airport. The connectivity of the area is further improving because of multimodal transport through the proposed Metro corridor Phase-2
The area also enjoys proximity to retail areas and the main city corridors making it an excellent hub for residential development.
With access to the city, Chennai bypass and ORR, the workforce in this part of the city compromises a mixed bunch, unlike the OMR that is dominated by the IT workforce.
Over the five years, more than 3500 units have been launched in the MPI Corridor catering to demand from the working IT population in the region.
The average residential prices range between Rs.3600-6000 sq/ft.
NOLAMBUR, MOGAPPAIR:-
Proximity to the Prominent neighbourhood of Anna Nagar has made these areas a good option for home-seekers, surrounded by a number of entertainment amenities.
With easy access to the core city and easy connectivity to Chennai bypass, Nolambur and Mogappair are one of the fastest developing residential neighbourhoods located in the North-western part of Chennai.
The Corridor has evolved as one of the residential hotspots based on the quality supply, demand from the end-users and investors expecting price appreciation in the medium term.
Average Residential price ranges between Rs.5000 and 6500/sq.ft
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