Residential Projects In Pallikaranai

By Author: Jg
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The location advantage is one of the primary factors that motivate the buyer to take the plunge into the property investment pool. Among the outskirts of Chennai, flats for sale in chennai are selling in large numbers. The Pallikaranai locality is one of the upcoming ones in Chennai that has ample scope for residential and commercial establishments. Being close to Velachery, that is touted to be the next big realty destination, Pallikaranai is among the fastest growing residential locations in the city. With the impact of properties for sale in Pallikaranai, the realty market in the suburbs has picked up pace.
The growth of the Pallikaranai is attributed to its southern half near to the Pallikaranai Marshlands. The Velachery Main Road connects the locality to the OMR, GST and other important transport routes. The Pallavaram-Thoraipakkam road also runs across Pallikaranai and serves as a major connecting point for all investors. In 2011, Pallikaranai became a part of the Chennai Corporation and thus much infrastructural advancement has ...
... taken place thereafter. The rapid growth of the locality has sky rocketed the demand for flats for sale in Pallikaranai with many residential buildings, ready-to-move-in, multi-storey apartments and independent houses being offered for sale.

Currently, apartments occupy 66.3% of the property types in Pallikaranai. 20.5% is occupied by independent houses. Thus there are 86% of residential projects in the area that are completed and ready for living. This serves as a major driving force for the development of the area. Pallikaranai is set to grow by 93% in the next five years. The infrastructural development proposed by the government will also propel the future growth of the area. The availability of properties for sale in Pallikaranai has also had direct impact on the prices of the region.
The apartments in Pallikaranai are currently sold at Rs 4,000 to Rs 4,500/ sq ft and shows signs of steady increment over the years. It is a good sign for the future growth of the locality. The rental values for the houses are placed at Rs 11 to Rs 12 /sq ft.

One of the upcoming projects in Pallikaranai region includes the well known builder RAMS project named Sarovar in the locality. With over 40 apartments available in 2 BHK and 3 BHK formats, the project is one of the upcoming ones in Chennai. 7 blocks consisting of 2 floors each, RAMS Sarovar has apartments priced at Rs 46 lakhs to more than 1 crore. With covered car parking, children’s play area, gym and standby power generator, the facilities are ample within the project premises. The project is strategically located on the Velachery Tambaram Road and overlooks the scenic lake in Jaladianpet.

Thus the properties in Pallikaranai have future prospects of high appreciation and rental demand. Thus investors are looking forward to many more apartments that are under construction to be completed soon as the living experience beckons them to the locality.