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.