The reason Selaiyur outscores every other place in Chennai
Selaiyur is a suburb located in close proximity to Tambaram, a booming in Chennai. Positioned on the Tambaram – Velachery Road, Selaiyur has developed mainly because of its closeness to Tambaram. However, long before this place was known for its IT industries or its popular mix of cosmopolitan residents, Selaiyur had found its mention in history. In fact, today there still stands a testimony to its historical roots- The Selaiyur Temple Tank.
As per records, the tank belonged to the nearby Perumal temple and was constructed some 400 years ago by Chola king Thribhuvana Chakravarthy Vijaykanda Gopalan. Today, this tank is appreciated for its heritage and is a popular spot frequented by families and historians alike.
A fertile land that is reaping profits
Positioned at the South West of Chennai, Selaiyur is in close proximity to the IT corridors in the OMR, where many large MNC offices are located. The Tambaram / Camp Road as well as the other neighbouring towns such as Madambakkam, Rajakilpakkam, Sembakkam, Chitlapakkam and Medavakkam are nearby. The chief leverage of this locality is that any which way you travel, you are not too far from significant locations. Nonetheless, the growth and development of Selaiyur can be credited solely to the massive expansion of Tambaram. One can find that the success of real estate in Tambaram has created a favourable demand for residential apartments in Selaiyur too.
Today, Selaiyur is up-and-coming and one can find the area dotted with an estimated 40 new under-construction projects and ready possession residential apartments that serve every budget. There has been a healthy absorption of the apartments as builders have kept the prices reasonable and within the reach of all. The aim is to fulfil the requirement for inexpensive housing by targeting migrants belonging to the IT and manufacturing industry.
Reports suggest that Selaiyur property has seen a capital appreciation ofnearly 10% in the last one year alone. Rental values recorded a staggering 23% increment quarter on quarter. As of now, the property rates range from Rs. 4, 200 – 4, 400/- per sq ft and a 2BHK, 800 sq. ft. flat would cost an average of 32.31 lacs. The rental and price appreciation has been especially lucrative in the last year and has attracted many investments in real estate in Selaiyur.
Superb Connectivity and Social infrastructure
Selaiyur has a lush, green environment untouched by rampant urbanisation, besides a well-organised infrastructure set-up. All important banks such as SBI, HDFC and AXIS are located at Camp Road- an important junction here. There is an air force station in the vicinity and the neighbourhood is peaceful and comprises of a healthy mix of people hailing from the northern, western and southern states of India. This is perhaps the reason many retired air force families have chosen to make Selaiyur their home.
The area is well connected via the MTC, besides the Tambaram railway station and bus terminus are merely 5 kms away, the Chennai International Airport at Meenambakkam is roughly about 3 kms from Selaiyur. However, the popular transportation mediums are the frequent buses and share-autos. One can travel easily to central landmarks such as GST Road, OMR road, Koyambedu, Anna Nagar and Ambattur.
There are many temples such as Abhirami udanurai Amirthakadeswarar temple, Arulmigu Adhi Kesava Perumal temple and the Om Sri Skandasramam temple. A host of renowned educational institutions such as Bharath University, Corley Higher Secondary School, Christ King Girls Higher Secondary School, Alwin Memorial Public School, Sri Sankara Vidyalaya Matriculation Higher Secondary School and Zion Matriculation School are close by.
As per reports, there is rising FDI in the MNC industries along this stretch of the road. The real estate sector will see many NRI collaborations and the emergence of state-of-the-art, luxurious residential projects in Selaiyur. Besides, the prospective development plan for this locality predicts that Selaiyur will soon be within proposed Corporation of Tambaram, with proposed Palar water supply and drainage connection by Tambaram Municipality. The plans for a proposed new bus terminus at Tambaram and the upcoming 150 ft. perungalathur bypass road can only be termed as icings on the cake.