Nestled between Siruseri and Sholinganallur, Navalur has created a niche for itself as an IT corridor and ranks second amongst the top IT locations. After the advent of IT and ITES companies and the development of the Old Mahabalipuram Road (OMR), this locality has been a sought- after area for Navalur real estate. This suburb is located around 24 kms south of the city and comes under the Thiruporur Taluk.
Connectivity is not a problem as such, as Navalur has its own railway station linking it with other parts of the State. The other modes of transport within the city are buses and share autos. Residents who want to commute to other parts of Chennai can travel in buses via Navalur to places like T.Nagar, Saidapet, Broadway, Ambattur and CMBT.
This IT hub has come into the limelight, because of the presence of large software majors like Cognizant Technology, HCL Technologies, IBM, Polaris, Nokia and Hexaware and other ITES companies that are rushing to set up their base here. Also, builders have come up with IT Tech Parks such as ETA Ascon-ETA Tech Park, Alpha City–SSPDL and Pacifica Techpark. The capital value of commercial properties in this locality ranges between Rs 6 to 40 crores.
The speedy development of Navalur is an example of how MNCs can shape and develop small and quiet areas into a real estate hub. As MNC employees are looking out for Navalur apartments for end use and plots for investment purposes, builders are coming up with a good number of housing projects.
Apart from this, the locality boasts of reputed international schools and colleges in and around the area, like the Hiranandani Upscale School (HUS), Lalaji Memorial Omega International School, Padma Seshadri Bala Bhavan Millennium School, Padma Seshadri Bala Bhavan, Gateway American International School, Maharishi Vidya Mandir and Sushil Hari International Residential School. Colleges like S Narayanaswami Arts and College, Agni College of Technology, Sri Venkateswara Dental College & Hospital and Mohammed Sathak AJ College of Engineering. One can also find famous hospitals like the Lifeline Hospital, Apollo Hospital etc
The prominent builders in Navalur are Casa Grande, SSPDL Limited, VIP Housing and Properties, Evocon Private Limited, Jain Housing and Construction and Artha Property. Some builders provide state of the art amenities like a gymnasium, tennis court, library, Wi-Fi, intercom and 24 hr power back up among others.
Currently, people are looking for 2BHK apartments for sale as well as rent, as the population in this locality is from IT companies. With realty prices risinggoing up, a 2 BHK flat in Navalur costs around Rs. 50 Lakhs to Rs. 74 lakhs.
The average value for flats for sale in Navalur is Rs. 4598 per square feet and the rent will cost around Rs.14 per square feet. According to experts flats purchased for 75 lakhs could soon be worth Rs. 1 crores in a few years, with the tremendous increase in ROI q – o –qq-o-q (quarter on quarter) .
Connectivity is not a problem as such, as Navalur has its own railway station linking it with other parts of the State. The other modes of transport within the city are buses and share autos. Residents who want to commute to other parts of Chennai can travel in buses via Navalur to places like T.Nagar, Saidapet, Broadway, Ambattur and CMBT.
This IT hub has come into the limelight, because of the presence of large software majors like Cognizant Technology, HCL Technologies, IBM, Polaris, Nokia and Hexaware and other ITES companies that are rushing to set up their base here. Also, builders have come up with IT Tech Parks such as ETA Ascon-ETA Tech Park, Alpha City–SSPDL and Pacifica Techpark. The capital value of commercial properties in this locality ranges between Rs 6 to 40 crores.
The speedy development of Navalur is an example of how MNCs can shape and develop small and quiet areas into a real estate hub. As MNC employees are looking out for Navalur apartments for end use and plots for investment purposes, builders are coming up with a good number of housing projects. Apart from this, the locality boasts of reputed international schools and colleges in and around the area, like the Hiranandani Upscale School (HUS), Lalaji Memorial Omega International School, Padma Seshadri Bala Bhavan Millennium School, Padma Seshadri Bala Bhavan, Gateway American International School, Maharishi Vidya Mandir and Sushil Hari International Residential School. Colleges like S Narayanaswami Arts and College, Agni College of Technology, Sri Venkateswara Dental College & Hospital and Mohammed Sathak AJ College of Engineering. One can also find famous hospitals like the Lifeline Hospital, Apollo Hospital etc
The prominent builders in Navalur are Casa Grande, SSPDL Limited, VIP Housing and Properties, Evocon Private Limited, Jain Housing and Construction and Artha Property. Some builders provide state of the art amenities like a gymnasium, tennis court, library, Wi-Fi, intercom and 24 hr power back up among others. Currently, people are looking for 2BHK apartments for sale as well as rent, as the population in this locality is from IT companies. With realty prices risinggoing up, a 2 BHK flat in Navalur costs around Rs. 50 Lakhs to Rs. 74 lakhs.
The average value for flats for sale in Navalur is Rs. 4598 per square feet and the rent will cost around Rs.14 per square feet. According to experts flats purchased for 75 lakhs could soon be worth Rs. 1 crores in a few years, with the tremendous increase in ROI q – o –qq-o-q (quarter on quarter) .
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