The rate of development in Kelambakkam has astonished many property experts in Chennai. Located along the Old Mahabalipuram Road (OMR), Kelambakkam is the Southern Gateway to the great city of Chennai. This sleepy little suburb has come of age in the last few years, and today it is staking its claim at being one of the fastest developing residential areas in close proximity to Chennai. Property investments are pouring into the area, and with that, there is a massive developmental spree undertaken by the government too. Both these facts have led to the popularity of Kelambakkam as one of the best property investment avenues near Chennai. As a resident of the Kelambakkam property, one can have many distinct advantages.
It is not a coincidence that a major part of the Kelambakkam residents ply their trade in the nearby IT and software companies. In fact Kelambakkam residential areas were first developed to support the residential needs of the employees in the nearby Siruseri IT Park (just 5 KM away). Today, the SIPCOT IT Park, largest one in Asia, has added to the numbers of IT professionals settled in this locality. Also 5 kms away from Kelambakkam, in the North West direction, there is Pudupakkam. There are lots of great residential projects coming up in Pudupakkam. Kelambakkam residential properties are a short distance from the major IT hubs and staying in them reduces the journey hours for the busy going professionals. If the buzz around Kelambakkam is to be believed than there are many other IT businesses planning to set up their bases in the nearby areas. That means the demand for Kelambakkam properties would not die down any time soon. So, investing in these properties today stands the investors a chance to reap rich benefits in the future years.
Only if property investment was such a simple decision! So, now you know that Kelambakkam is an ideal place to reside in if you are an IT professional working at any of the nearby IT Parks. But life has many other needs. And one of the foremost is the need for transportation. So, it is wise to check the connectivity of Kelambakkam to other areas. Well, Kelambakkam is at the crossroads of three prominent roads in Chennai – the ECR (East Coast Road), GST (Grand South Trunk) and of course OMR. It is the second junction point for these three roads (first one being at Sholinganallur). The Chennai Airport is about 30 KM away from this locality. Other important localities such as Sholinganallur, Thiruporur, Selaiyur, Madipakkam and Velachery are placed in the neighbourhood of Kelambakkam. The recent spree of Kelambakkam property purchases has meant that the locality has a higher than ever population. While the roads of Kelambakkam are supporting the present needs of its populace, there are other grand plans already in place. OMR would be widened into six lane road, while there is another by-pass being constructed near Padur which will help people reach Thaiyyur-B in no time at all. It is no wonder than that the properties along the stretch from Kelambakkam to GST have shown great promise.
Now, let us start analyzing the quality of life offered by Kelambakkam properties. Firstly, Kelambakkam is still not as crowded, polluted and noisy as some of the other parts of Chennai are. It has a laid back and sombre feel to it. There is a certain old world charm mingled with the new developments. This is what most property investor?s love for Kelambakkam. As aforementioned, Kelambakkam came to limelight after the IT Parks in the vicinity opened their gates. It is still one of the biggest settlements for IT professionals. And the modern day home buyers want everything in the close vicinity, for they do not have time to travel for their daily needs. Well, Kelambakkam would not disappoint you in this regard. From markets, supermarkets to some new malls, the locality has it all. If you are in search for good schools then there are plenty to choose from in Kelambakkam. Home buyers who wish to reside with their parents would also want good medical facilities, and again Kelambakkam has many renowned hospitals and nursing homes. If you are bored with everyday life, then there is, of course, the famous Covelong Beach which might help you relax. If you want to seek the divine blessings then there are the revered Tiruporur Murugan Temple, Thiruvidanthai Nithya Kalyana Perumal temple as well as St. Mary Church.
All said and done, now let us come to the money matters (for that is the most important criteria!). On an average, properties in Kelambakkam cost 42 lacs less than one in Chennai proper! That is not all, the most popular property type in Kelambakkam are the 2BHK apartments that come within a price range between INR 3100-3800 per sq. ft. If you are looking for really low costing properties than Kelambakkam has properties that start as low as 2.10 lacs. However, there are also many lavish properties whose costs can go up to 1.90 crore. With a 2-3% appreciation rate witnessed in the last 3 years, the future of your property investment in Kelambakkam is bright. Some of the leading developers of Chennai are constructing interesting projects in Kelambakkam.
Just before you start taking a look at some of the Kelambakkam properties, here are some more facts. With the property prices in other well established residential areas of Chennai touching the skies, Kelambakkam is emerging as the best area to buy an affordable property. The locality has many mid/affordable level projects, which offer a best of both worlds ? good living at affordable prices. Furthermore, the government has announced an additional floor space index for the affordable segments in Kelambakkam! This area has been designated as a residential-only space, so the residents would always remain free from the problems posed by commercial encroachments.
The rates of Kelambakkam properties are on the rise and they will continue to progress upward in the coming years. So, the time is ripe to put your funds and faith in this new residential area near Chennai.
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