Over the last 50 years, neighbourhoods in South Chennai have emerged among the most cosmopolitan and sought after destinations to reside in, in the city of Chennai. The bustling hubs have several serene and elite residential localities tucked away amidst the pristine Theosophical society, the hallowed Kapaleeshwarar Temple, revered Kalakshetra Foundation and the tranquil waters of the Adyar River.
The popular neighborhoods for residential and commercial real estate in south Chennai include Abhiramapuram, Adyar, Besant Nagar, MRC Nagar, Guindy, Boat Club, Kotturpuram, Thiruvanmiyur, Velachery, Tambaram and more. South Chennai also currently boasts of being home to over 75% of Chennai‚Äôs office space stock. Residential real estate in south Chennai is abundant and a plethora of options are available across luxury, premium and affordable categories in and around the localities.
Over the last decade, the growth in the city has slowly but surely moved towards the IT Highway of Rajiv Gandhi Salai (OMR). With a plethora of jobs and no dearth of top of the line amenities and abundance of entertainment options, it is the preferred choice of the young and multicultural population employed in the IT sector, to maintain a work and life balance. Properties in south Chennai have appreciated manifold also because of its close proximity to the best schools in the city, reputed hospitals and the finest shopping destinations. OMR is also home to a large number of top universities.
The IT corridor has led to the development of real estate in south Chennai with multiple upcoming residential areas including Medavakkam, Pallikaranai , Perungudi, Velachery, Tambaram, Sholinganallur and Pallavaram that offer a variety of flats, houses and land. In the coming years, OMR is set to become a highly developed sub city.
Another emerging hot spot for residential and commercial properties in south Chennai is Madipakkam, since its recent addition to the list of areas under Greater Chennai Corporation. Real estate in the vicinity of Medavakkam, Porur, Pallavaram, St. Thomas Mount and Nanganallur is also rapidly appreciating with the development of infrastructure and its close proximity to various malls and the IT corridor.
Properties in south Chennai near Tambaram have also emerged sought after destinations. One of the busiest highways of south the GST road runs through this region. Although tucked away from the hustle and bustle of the city, there are various schools, colleges, hospitals and reputed offices in the vicinity. The presence of IT SEZs, efficient road and rail connectivity and access to both the OMR IT corridor and the Sriperumbudur and Oragadam industrial estates, seal the deal.
Further, the East Coast Road (ECR), long celebrated as the entertainment and leisure corridor of Chennai has seen a flurry of activity contributing to the real estate in south Chennai. ECR has witnessed the construction and development of numerous villa projects, gated communities and multi-storey apartments, giving rise to a plethora of premium housing options in the area. The locations that are popular in this region include Kottivakkam, Palavakkam, Neelankarai, Injambakkam, Uthandi, Kanathur and Kovalam.
Real estate in south Chennai including apartments, flats, houses and land are sure to continue witnessing an upward trend as it continues to attract a large number of young professionals and NRI investors.