Developing Residential And Commercial Suburb - Sholinganallur

By Author: Dinesh Kumar
Total Articles: 1

Sholinganallur is the heart of the IT highway and one of the most developing localities in Chennai city. It is a junction that connects East Coast Road to Tambaram and Adyar to Mahabalipuram, along Old Mahabalipuram Road. Sholinganallur’s popularity among fast-growing suburbs can be attributed to Information Technology Parks and dedicated Special Economic Zones (SEZs). The town is famous for Shri Maha Prathyangira Devi Temple.

Connectivity

This locality is surrounded by IT-based suburbs like Siruseri, Perungudi and Taramani. Employees working in these areas are looking at Sholinganallur as their investment destination and are opting for flats in Sholinganallur. It is well-connected by the OMR (Old Mahabalipuram Road) and the ECR (East Coast Road) to other parts of the city. MTC buses and share autos are the main mode of transport for the residents. Velachery MRTS railway station and Guindy railway station are the nearest railway stations. Also, one can find state transport buses that pass via Sholinganallur to nearby villages. Apart from being an IT hub, this locality has good schools and hospitals that are causing people to migrate here.

Education Healthcare and Entertainment

When it comes to education, this place has some of the best colleges in Chennai. They are Jeppiaar Engineering College, St. Mary’s School of Management Studies, St. Joseph’s College of Engineering, Ragas Dental College, Sri Sivasubramaniya Nadar College of Engineering, Anand Institute of Technology, Shree Motilal Kanhaiyalal Fomra Institute of Technology, NTTF Information Technology Centre, Sathyabama University, Mohamed Sathak College of Arts and Science, Sacred Heart Matriculation Higher Secondary School, Gateway School and Bala Vidya Mandir. Besides these, a National Maritime University is being constructed in Sholinganallur which will house an aquarium, National Maritime Museum, food court and residential complex. There are plans to build a 5-star hotel in the complex.
Health care is also not an issue here as one can find multi-speciality hospitals located around Sholinganallur. They are Bone & Joint Speciality Clinic, Lifeline Multi-Speciality Hospital, Global Hospital and Chettinad Hospital.

Real Estate

The prime reason for the entrance of real estate in this locality is the expanding IT corridor. The majority of Chennai’s population is working in software and hence is in need of residential apartments in Sholinganallur.

Witnessing the need, builders in Sholinganallur are coming up with a wide range of housing projects to suit the different needs of people. The builders are offering different choices from multi-storey apartments, single-floor apartments, residential houses to villas.

Residential plots for sale in Sholinganallur are also available to consumers who plan to invest in land. A few of the ongoing well-known projects in Sholinganallur are Vishranthi Tamarai and Aranya Apartment by Vishranthi Builders, Pearl Akshaya by Pearl Constructions, Appaswamy Greenville by Appaswamy Real Estate and Central Park Heights by Lancor Holdings Limited, among others. Facilities like lift, power supply and generator, recreation centre and many more are being provided by the builders in Sholinganallur apartments to attract more customers.
The average price for flats for sale in Sholinganallur is Rs. 4545 per square foot and the rent can be between Rs. 15-16 per square foot. People interested to invest in residential plots can expect the rate around Rs. 30,237 per square yard. Growth can also be seen in commercial sector, as a number of resorts and recreation centres have come up near the beaches. The commercial properties are currently priced between Rs. 9 crore to Rs. 60 crores.

The Sholinganallur real estate demand for both residential and commercial properties has risen tremendously in the last few years. The main factors attributing towards the growth is easy connectivity, employment opportunities and close proximity to holiday destinations such as the ECR beach and resorts.