Buzzing with action
Long infamous for being home to the Arignar Anna Zoological Park or the Vandalur Zoo, Vandalur had nothing else to its credit. Today, the tables have turned and how. The proposed monorail project has put Vandalur back into action and investors are eyeing this area with a renewed vigour. Moreover, the immediate connectivity to ORR (Outer Ring Road) and GST Road (Grand Southern Trunk Road) have made Vandalur the hottest new realty destination.
What’s more, the Rs. 27-crore Vandalur-Walajabad flyover, spanning a distance of 1.48-kms has gone on to cement Vandalur’s position as a top real estate haven.
Positioned in the south-western part of Chennai city, Vandalur is easily accessible via the rail or road network. It is a mere 5 kms from Tambaram, Urapakkam, Perungalathur, Mudichur and Padappai. No other suburb in Chennai affords quick accessibility like Vandalur does; in fact it is a very significant station, with the Vandalur railway station connecting to the Chennai Suburban railway line, Egmore and Tambaram (one of the most important railway terminus’ in Chennai)
Frequent direct buses operate to and from Poonamallee, T. Nagar, Tambaram, Broadway, Mandaiveli and take under its ambit the Vandalur bus stop as well. This provides a convenient mode of daily travel for many residents living here.
Furthermore, investors are upbeat about the proposed monorail project that will connect Vandalur to Chennai in a two-pronged approach. The route will connect Poonamallee in the northwest of Chennai and Vandalur in the far south through two corridors that will meet near the Kathipara intersection.
The government is soon expected to announce the alignment for the second corridor between Vandalur and Kathipara, via Perungalathur, Irumbuliyur, Tambaram East, Sembakkam, Medavakkam and Velachery. In effect the first will connect Vandalur to Puzhal and the other will connect Vandalur to Velachery.
The Rs. 27-crore Vandalur-Walajabad flyover, spanning a distance of 1.48-kms was constructed in order to replace the level crossing near the Vandalur railway station. It was an ambitious project that was successfully implemented by the state government. Built at a cost of Rs. 22 crore, the railways jointly allotted Rs. 5 crore towards the construction. The flyover connects the east and west side of the Vandalur railway station.
Arignar Anna Zoological Park
The Arignar Anna Zoological Park or Vandalur zoo is a zoological garden home to over 170 species of mammals, birds and reptiles. It is credited with being the first public zoo in India and even today continues to attract tourists from all over the country.
Appreciating the appreciation
To fully understand the implications of the gargantuan development and its effects on real estate profitability, one must get a feel of the connectivity that defines Vandalur.
The Vandalur-Kelambakkam, 18 km stretch of road starting from the IT corridor in Kelambakkam to the Grand Southern Trunk (GST) road junction connects Vandalur to the GST and Old Mamallapuram road (OMR). This stretch connects it to the various areas inside and outside the city. The Vandalur-Kelambakkam stretch of road is approximately 24 kms away from the airport, 44 kms away from Chennai Egmore station and 46 kms from Chennai Central. The Vandalur LRT station will be 13 kms away from the road.
Further, the ORR connects Vandalur in NH-45 (GST) placed in the South-Western edge and close to the Ennore Port and other industrial developments in the Northern areas. The road will run via Nazarathpet on NH-4 (Bangalore Highway), Nemellichery on NH-205 (Chennai-Tirupati-Anantpur Highway) and Padayanallur on NH-5 (Chennai-Calcutta). The Vandalur to Nemillichery (on Chennai-Tiruttani highway) stretch comprising of 29.65 km is being implemented as Phase-1 of development. The ORR (Vandalur – Minjur) is an epicentre for all major transportation networks and it is being developed along the border of Chennai Metropolitan Area by the CMDA. There are expectations that a proposed satellite corridor will be developed along the Outer Ring Road (ORR) for commercial development.
The government has also proposed to open a 65-acre terminus between GST road and ORR (Outer Ring Road) in Vandalur. It is estimated to be twice the size of the CMBT (Chennai Mofussil Bus Terminus). It aims to reduce traffic congestion in the Koyambedu facility and effectively manage the south bound long distance buses.
This rapid road progress will ease travel for the thousands of daily commuters working in the IT/ manufacturing industries in and around OMR, Oragadam, Perungalathur, Guduvancherry and Tambaram and who pass through the IT corridor everyday.
The proposed overhaul of infrastructure and transportation may seem like it is a work in progress and that there are no immediate gains to be made. Market pundits believe that per sq. ft. rates here are very reasonably priced and one can get a 2 BHK flat of size 900 – 1100 sq. ft. within a typical price range of Rs.3, 500/- to Rs. 7,000/- per sq.ft. Reasonable, isn’t it? Besides, it is usually seen that the price trend tends to appreciate steadily in this suburb, rather than experiencing heavy fluctuations like other areas.
With all this heavy duty development in process, the future for Vandalur real estate definitely looks bright and lucrative.