Kelambakkam, located on the Old Mamallapuram Road, is making a mark for itself in the residential real estate sector of the city. This locality is surrounded by IT companies and educational institutions, thus the demand of Kelambakkam apartments is on the rise. There are major attractions that attract tourists to this location like Kovalam beach, the old church of St. Mary, Thiruvidanthai Nithya Kalyana Perumal temple and Tiruporur Murugan Temple.
It is an important junction that connects the ECR (East Coast Road) and the GST (Grand Southern Trunk) Road, from Kovalam to Vandalur Zoo and also traverses to OMR and Adyar. The main modes of transport in this locality are share autos and MTC buses. The buses from Kelambakkam bus terminus ply to neighbouring localities like Thiruporur, Sholinganallur, Madipakkam, Selaiyur, Tambaram, Chengalpattu and Velachery. Besides this, the government has sanctioned the second phase of widening the OMR into six lanes. This locality will witness high demand and appreciation for Kelambakkam plots, as soon as the second phase project gets initiated.
Being a major tourist attraction, this real
estate is booming in the hospitality section also. A few of the reputed resorts
in this area are MGM Beach Resort, Fisherman’s Cove, Southern Mermaid Resort
and Ellamay Resorts.
The locality is surrounded by renowned
colleges like
- Hindustan College of Engineering
- Anand Institute of Higher Technology
- Sri Sivasubramaniya Nadar College of Engineering
- SSN School of Management and Computer Application
- Shree Motilal Kanhaiyalal Fomra Institute of Technology (SMK FIT)
- Aarupadai Veedu Institute of Technology (AVIT).
Some
good schools in this area are B.K.M Higher Secondary School, St. Mary’s
Matriculation School, Baba School and Government Higher Secondary School. One
of the prominent health care centres in Chennai, Chettinad Hospital and
Research Institute is housed here which attracts students not only from India
but also from abroad, who in turn look for good rental apartments
in Kelambakkam.
The demand for flats in Kelambakkam is high
due to the proximity to SIPCOT IT Park which is just 3 kilometres from
Kelambakkam. In fact, the stretch from Kelambakkam to GST has contributed
drastically to the locality’s real estate prospects. To meet these housing
needs, a large number of builders are settling up their projects here. Some of
the developers to have entered this locality include Puravankara Group, Shobha
Developers, Vasavi Construction and Developers, Isha Developers, Vijay Shanti
Developers, Unitech Group and Provident Group.
A few residential
projects in Kelambakkam are Unitech Aspen Greens, VS Boulevard, Purva
Swanlake, and Villa Green, among others. The developers come up with various
schemes to facilitate different income groups.
The average price for flats for sale in Kelambakkam is Rs. 3677 per square foot. The rent may cost around Rs. 11 per
square foot. Looking for residential plots in Kelambakkam will cost Rs. 14,368
per square foot.
The Kelambakkam area enjoys proximity to
the IT corridor, good colleges and is also a major tourist attraction. Giving
these reasons, it is obvious that the rate may appreciate in the near future.
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