Is it a Good Idea to Invest in Chennai’s new Residential Abode Selaiyur?

Selaiyur, once known as Silaiyur, is located on the Tambaram–Velachery road. This town is just 4 km away from Tambaram, and is famous for the Air Force station - residents of this locality are mostly retired Air Force people. The surrounding areas of this locality are Tambaram, Madambakkam, Rajakilpakkam, Sembakkam, Chitlapakkam and Medavakkam. The proximity to the IT corridor has brought Selaiyur into the real estate map of Chennai.

Connectivity

Selaiyur is very well-connected to Chennai city via rail and road. The nearest railway station is Tambaram, which connects to all parts of Chennai via Chromepet, Guindy, and Nungambakkam. To reach the IT corridor, one can commute via Velachery, which is just 15 kilometres from this place. The other transport modes found in this locality are bus and share-auto. Camp Road is one of the important junctions in Selaiyur, from where buses can be boarded to areas like Velachery, Thiruvanmiyur, Madipakkam, Vengaivasal, CMBT, High Court and Chengalpattu. Chennai Airport is 11 kilometres away from this locality.

Infrastructure

Social and Civic Infrastructure

Since this locality is near to Tambaram, accessibility to good schools, colleges and hospitals is possible. Some of the goods schools in this locality are Alwin Memorial Public School, Boaz Public School, Sitadevi Garodia Hindu Vidyalaya, Kendriya Vidhyalaya, Sankara Vidhyalaya, MAV School and Zion Matriculation School. Established colleges in this locality are Bharath University, Sri Lakshmi Ammal Engineering College and Indian School of Business & Technology. Well-known hospitals such as N. S. Hospital, Medicity Health Centre & Diagnostics, Sindhu Hospital and Hindu Mission Hospital are found in this locality. For shopping needs one can shop at Nilgiris Supermarket. Besides these, banks like Karur Vysya Bank, Andhra Bank, HDFC Bank, ICICI Bank have started their branches here. The well-known amusement park Kishkinta is 10 kilometres away from this locality.
This area has wide roads and the basic amenities like electricity and water is supplied by the Chennai Public Works Department (PWD) and the Tamil Nadu Electricity Board (TNEB) respectively.
 
Real Estate

The prime reason for real estate boom in this locality is the proximity to Tambaram and IT corridor. And of course the affordable prices when compared to neighbouring Tambaram and Medavakkam. Workforce working in these IT parks and companies are looking to invest here. Another reason for real estate development in here is the need for residential apartment in Selaiyur by the retired Airforce employees and the migrating crowd from others parts of India.

Builders in Selaiyur are coming up with new project to satisfy the requirement of the residents. Few builders are also looking at selling plot and lands in Selaiyur. Ongoing projects involve villas, apartment, residential projects and flats in Selaiyur. Few of the ongoing projects in this locality are: Peace Stone and Breeze Apartments by Cornerstone Foundation, VGN Milano Square by VGN Developers, Ruby Paradise and Ruby Grand by Ruby Builders and Trinity Grande by Trinity Empire. Based on the requirements of the customers, developers are providing amenities like Jacuzzi, huge living area to entertain guests, modular kitchen, CCTV, junior playground among others.
  
Price trends

Flats for sale in Selaiyur: There is a high demand for flats in Selaiyur and the ROI (Return on Investment) is witnessing 6% increase q-o-q. The highest locality price is Rs. 4000 per square foot. The lowest locality price is Rs. 3700 per square foot and the average price is Rs. 3800 per square foot. If one is interested in renting apartments in Selaiyur, he has to shell out Rs. 11 per square foot. Residential house rent is around Rs. 10 per square foot. The ROI for this residential house sector is witnessing a decrease of 9% q-o-q.

Prices of land are in an upswing as this locality is near to developed areas like Vandalur, Velachery and Tambaram. The residential plots in Selaiyur are ranging between 30 lakhs to some crores depending on the locality and the land size. Commercial land prices have sky-rocketed to crores, if the land is near prime localities.

Selaiyur is a good place to invest and looking at the trends which are currently on a high, it’s advisable to invest now to reap good returns in near future.

Categories: Property, Real Estate, Realty, Selaiyur