Lifestyle

Thiruvanmiyur property market: An overview

[ecis2016.org] Thiruvanmiyur, located very close to the industrial zones and IT hubs, is one of the rapidly-developing areas in Chennai. The area has good civic amenities and is very well-connected to other parts of the city

Thiruvanmiyur is a premier residential area located in the southern suburbs of Chennai. Nearby Thiruvanmiyur localities include many famous areas of the city such as Tharamani, Perungudi, Besant Nagar, Kottivakkam, etc. A variety of projects are available in the area and range from affordable to luxurious. There are a lot of reputed builders like the Yuga Homes Group, Ramaniyam Group and Nahar Foundation Group who are working on their different projects in Thiruvanmiyur. Some of the premier projects in Thiruvanmiyur include Nahar Foundations Kirwani, Akshaya Homes Oceano, Ramaniyam Classic Rudra, etc.

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Tidel Park, the first IT park of Chennai is located in Tharamani near Thiruvanmiyur. The development of many technology and research centers in and around the IT park, have led to the overall development of the area of Thiruvanmiyur. Further, due to the advent of various IT majors and other multi-national corporations, Chennai has been witnessing a rapid influx of working population from outside. As a result, there has been a surge in the demand for residential apartments in Thiruvanmiyur. Although prices of the flats in Thiruvanmiyur are going up at a rapid pace, still, affordable housing to suit the needs of the mid and the junior-level executives of the various companies, can be found here.

Thiruvanmiyur has been recently brought under the purview of the City Corporation of Chennai and the plans for a number of infrastructure projects have been drawn up. The civic amenities have also improved here. The industrial and IT sector growth have led to the development of retail and hospitality sector as well.

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Connectivity with nearby Thiruvanmiyur localities

  • There are a few major roads which run through the area,e., Durgabai Deshmukh Road, East Coast Road, Velachery Main Road and Anna Salai Mount Road.
  • The area has an extensive bus service and the Adyar Bus Stand and Saidapet Bus Stand lie in close vicinity.
  • Thiruvanmiyur has its own railway station which is on the MRTS line. Apart from this, there is a railway station at Guindy which is about 8 kilometres away from Thiruvanmiyur.
  • The Guindy Metro Station and the Alandur Metro Station also lie in close vicinity.
  • The international airport is also not far from the locality.

[ecis2016.org] Property rates & trends in Thiruvanmiyur, Chennai

 

Employment hubs near Thiruvanmiyur

  • Tidel Park is approximately 1 kilometre away.
  • Ticel Biotech Park, Ascendas IT Park and Ramanujan IT City are located approximately 1-2 kilometres from the area.
  • IITM Research Park and Rayala Techno Park are approximately 2 kilometres away.

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Schools in Thiruvanmiyur and other social amenities

Thiruvanmiyur offers very good social infrastructure to its residents. Some of the reputed schools in Thiruvanmiyur include the Hindu Senior Secondary School, German International School of Chennai, American International School, etc. Some of the leading hospitals in Thiruvanmiyur include the Asian Hospital, Fortis Malar Hospital, Apollo Hospital, etc. The shopping needs of the residents are catered by malls in Thiruvanmiyur such as the Vantage Plaza, Chennai City Centre, etc.

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  • Price appreciation—Around 24% in the last one year.
  • Current property rates—Rs 7,482-Rs 12,370 per sq ft.

Read also : RBI hikes interest rate by 0.25 per cent on inflationary concerns

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Reasons to invest in Thiruvanmiyur

Considering the price trends in Thiruvanmiyur and the rising demand, the locality is touted to become a good investment region in future. There are chances of good appreciation of property rates with a number of projects being developed here. Moreover, the area is located very close to the industrial zones of Chennai and IT/ITeS hub. Thus, the demand for property here will only move northward. What more? The Chennai City Corporation has recently taken over the administration of the area, so the scope of development of infrastructure facilities is also good here. Considering all these factors, Thiruvanmiyur can be an excellent place for investment.

Check properties in Thiruvanmiyur

Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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