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Look no further! East and West Tambaram real estate presents the best property investment

July 3, 2015
, Buyers Guide

Underlining the fact that Tambaram is one of the top ten preferred locations to buy a home in Chennai, the area has been in the news recently for all of the right reasons. With many well established industrial enterprises and effective road connectivity, Tambaram is strategically positioned on the GST Road (Grand Southern Trunk) and serves as a midway to the IT and SEZ corridors. Furthermore, as is already well known, the GST road is regarded as one of the busiest National Highways connecting Chennai to Trichy besides linking the Chennai International Airport with Tambaram. All the important places in Chennai are linked via the GST road and its strategic significance is further enhanced by way of being a part of the Golden Quadrilateral National Highway Project.

Tambaram’s multi fold advantage

By the same token, Tambaram- divided into Tambaram East and West by the railway station, stands to be the biggest beneficiary of all this development and much of its success is due to its strategic location. What’s more, the Chennai International airport is located at Meenambakkam on GST Road directly connecting to Tambaram. By virtue of being located on the GST Road, it can be said that Tambaram has reaped a huge windfall for real estate investors.

The GST road connects to other parts of India via the NH-4 (National Highway 4) thereby linking Mumbai, Pune and Bangalore in the West. Furthermore, the NH-5 joins East in Bhubaneshwar and the GST Road connects Chennai with Trichy and with the NH-205 finally terminating at Mandapalle in Andhra Pradesh, one can begin to appreciate the impact of the GST road on Tambaram real estate prices.

The overall extended connectivity has led to increased residential prices in Tambaram East as well as Tambaram West. The raised guideline values along the GST road have further augmented the value of the properties here. Both, Tambaram East and West are densely populated and enjoy superb connectivity via the rail and road network.

Keeping in view the increased population, boost for tourism and the requirement for convenient access to recreational spots in Tambaram the Southern railway augmented the suburban train services to Kancheepuram by extending four EMU services on the Chennai Beach-Tambaram-Chengalpattu section.

Moreover, the Southern Railway made the Tambaram railway station a new terminal and owing to this superior connectivity it can be observed that this area has truly become a busy hotspot. What’s more, Tambaram serves as a town panchayat for the smaller areas adjoining East and West Tambaram with suburbs such as Mudichur, Mannivakam, Padappai adjoining West Tambaram and Selaiyur, Camp Road Madambakkam neighbouring Tambaram East.

Replete with Amenities

One can find many renowned schools, colleges, hospitals and a well-equipped civic and social infrastructure here. Restaurants, banks and shopping centres have mushroomed everywhere and there are over 10 super markets, 11 colleges and 15 hospitals in the vicinity. Besides, the presence of police stations, fire stations and the Air Force Station of the Indian Air Force have given the reassurance of a comfortable life to many families residing here.

Up and Coming

The proposed six lane highway and the upcoming two-way tracks projected between Chengalpet and Tindivanam will connect Tambaram to other important towns of Tamil Nadu and there is an upbeat optimism that there will be a further spurt in real estate prices.

With property prices going northwards, the trends in Tambaram have been very positive. In fact, Tambaram has seen an incremental real estate appreciation nearly as high as 37 per cent in the last one year and 22 per cent in the last two years. Currently there are about 35 new ongoing projects with nearly 81% of the projects having fully completed and the rest being under construction.

Aiming to pander to the working class, the price bracket of the flats here is typically within the price range of Rs 10 to 40 lakhs and rentals are usually to the tune of Rs10 to 14 per square feet depending on the project and flat furnishings. It is thought that Tambaram mostly has apartments that cover about 60% of the over-all residential occupancy and that the estimated residential apartment prices ranging between Rs.3500-4500 per sq. ft. and furnished properties demand anything in the range of Rs. 4500-5500 per sq. ft.

East or West- Tambaram is the best

There is however a difference in the property prices between West and East Tambaram and it can be found that East Tambaram usually commands a higher price value as compared to the West.This can probably be attributed to the lush greenery and overall serenity versus the commercial hustle bustle of West Tambaram.

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West Tambaram offers huge investment-potential

April 20, 2015
, , , Investment Potential, South Chennai Properties

A promising location with a massive investment potential !

Tambaram is often referred to as being one of the oldest localities in Chennai; however that’s not the only thing it is well-known for– Tambaram has emerged as one of the most preferred localities in Chennai for home buyers. Recent studies note that there was an increment in appreciation, nearly as high as 18 per cent in the last one year and 22 per cent in the last two years. Those who invested early enjoyed a handsome capital appreciation on their real estate investments in West Tambaram.

The demand and supply situation for housing is fairly well balanced and the infrastructure is well organised to take on an increasing demand. Keeping these considerations in mind, home buyers seem to be making a beeline to Tambaram and there is a plethora of incredible projects that have already been constructed or are in the pipeline. Tambaram has justly been hailed as one of the most important epicentres for commercial and residential activities in Chennai.

Reasons for the uptrend

Tambaram is located on the GST Road (Grand Southern Trunk) and serves as a midway to the IT and SEZ corridors. It is because of this strategic location that the area is teeming with a flurry of commercial and residential developments. Tambaram has well established industrial enterprises nearby and affords quick road connectivity to the neighbouring areas and to the rest of Chennai.

The area is in close proximity to the Chennai airport; it is a mere 10-11 kms away from West Tambaram through the GST Road. The railway station is
3.5 kms away from West Tambaram, besides it boasts of being one of the busiest railway terminals of the Chennai Suburban Railway Network. Being situated advantageously along the Chennai-Trichy Highway, Tambaram is approximately 27 kms away from the city centre and one can reach important landmarks quickly.

All these features have brought Tambaram in the limelight and it has gained favourable popularity among IT professionals, NRI’s and High Net worth Individuals (HNIs) for residential properties. Tambaram is dotted with many renowned colleges and schools such as Valluvar Gurukulam, Jain Vidhyalaya Matriculation and Higher Secondary School. Recreation is also in easy access with the Kishkintha Theme Park being located at the intersection of Darga Road and the Outer Ring Road.

Well Organised Infrastructure

The meteoric rise in demand for apartments in Tambaram has resulted in over 60% of total residential occupancy and it is easy to find properties that suit a wide range of needs, ranging from luxury apartments to mid-level housing.

Tambaram is separated into Tambaram East and Tambaram West with the main road through West Tambaram connecting the districts of Lakshmi Nagar, Krishna Nagar, Bharathi Nagar, Old Perungalathur, Madhana Puram and Mudichur, ending at the Vandaloor-Oragadam road. One will find that while both areas are doing well, West Tambaram has presented a more lucrative option because of the development of the Vandaloor-Nemilichery Outer Ring Road.

West Tambaram has shown to present an affordable option compared to its eastern counterparts and one can find that this area is more suited for those who prefer a relatively more peaceful and green environment. There is a police station as well as a fire station in West Tambaram and contribute to making this locality peaceful, safe and tranquil. The Tambaram Municipal Corporation has introduced several new local initiatives that have garnered support from the residents and have set an example for other municipalities to emulate.
Collectively, all these features make West Tambaram a modern day utopia in the making.

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Benefits-of-buying-flats-in-tambaram

March 30, 2015
, , , Buyers Guide

Advantage of Tambaram

Real estate is booming here and rightly so! Commercial and residential projects are mushrooming and flourishing, with corporates, educational institutes and investors making a beeline to Tambaram. Tambaram provides easy access to central landmarks such as GST Road, OMR road, Koyambedu, Anna Nagar and Ambattur. The chief leverage of this locality is that any which way you travel, you are not too far from significant locations. Education hubs are within a short distance with schools such as SundaraValliand renowned colleges such as Bharath University and MCC nearby.While looking for apartments in Tambaram, picking a credible real estate builder is a crucial factor, as there are many developments taking place in far flung places of Selaiyur (Tambaram). A discerning home buyer should conduct extensive research in the area and zero down on a project that is central and well connected. One must remember that most home buyers opt for a location that is just a few metres away from the Tambaram railway station, the bus stand and Vandalur.

The advantage to consider is the massive prospective development plan for this locality. It is expected that Selaiyur will soon be within proposed Corporation of Tambaram, with proposed Palar water supply and drainage connection by Tambaram Municipality. Besides, the proposed new bus terminus at Tambaram and the upcoming 150 ft. perungalathur bypass road can only be termed as icings on the cake.

Thousands of investors have already made Tambaram their preferred choice for an apartment, with returns on investment in double digits. Isn’t it time you did so too?