REAL ESTATE IN WEST CHENNAI

REAL ESTATE IN WEST CHENNAI

The neighborhoods located in the western part of the city of Chennai are rapidly growing and appreciating manifold. The main reasons contributing towards the development of real estate in west Chennai is its superior connectivity and job opportunity generating industrial hubs.

In recent years several residential and commercial properties in west Chennai have been developed by local and national players alike in the localities of Mogappair, Nolambur, Maduravoyal, Ayanambakkam, Virugambakkam, Vadapalani and Valasaravakkam among many others. Real estate in west Chennai is also said to have witnessed an annual price appreciation even higher than central Chennai. Extension of the Metro route, suburban railway lines and proximity to the bus junction at Koyambedu has accelerated access to properties in West Chennai.

Traditionally prime areas for real estate in west Chennai included Ayanavaram, Porur and Vadaplani. These localities truly depict the ethnicity of south India with several traditional temples and long standing eateries. The neighborhoods are dotted with banks, market places and wedding halls. Further, Porur also occupies a very crucial position on the Mount-Poonamalle Road and is home to various chemical industries, manufacturing plants, markets and residential colonies. Various upcoming and established IT parks have also accelerated its growth. The area has good connectivity to other major areas like Valasaravakam and Virugambakkam.

The 80’s witnessed a boom of real estate in West Chennai in uptown areas like Kilpauk and Anna Nagar. The elite neighborhoods are beautifully planned and interspersed with vast tracts of green and avenue trees. The self contained hubs offer matchless options for shopping, entertainment and fun. The region also boasts of some of the country’s best hospitals and schools making it an ideal choice for families.

In the last two decades, acute land shortfall in the Anna Nagar area, has led to skyrocketing real estate prices in the vicinity. Hence, Mogappair has emerged a major investment hotspot for apartments, flats, houses and land in the city and seen manifold growth over the last decade. Other areas adjoining Mogappair have been developing at a rapid pace to meet the residential needs of those employed in the manufacturing and industrial hubs and the emerging nerve centers of the city like Vanagaram, Ambatturand Thiruverkadu. The location is fast developing, thanks to its proximity to reputed schools, colleges, IT parks, industries and other essential requirements.

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