Are you someone working in the industrial belt in Oragadam, Porur or Sriperumbathur in Chennai and are looking for a home on a budget? Well, cheer up as the Poonamallee High Road could just be the right destination for you. Here are the 4 reasons why.
1) Easy On The Pocket
For the buyer on a budget, Poonamallee is a good bargain. Apartments in the region sell at an average of Rs 4,000 to Rs 6,000 per sq. feet with top developers including Prestige, Puravankara, Arihant and Sobha providing a range of housing options, from studio apartments to villas. Real estate consultants expect property prices to increase by 8% to 10% annually over the next 5 years, making it a good investment destination for both investors and end-users.
2) Away From City’s Hustle & Bustle
Poonamallee High Road is a favourite among many Chennaiites who want to escape the hustle and bustle of city life. Poonamallee scores thanks to itsclean water, fresh air and low rate of pollution – all of which has attracted several senior citizens to the area. In fact, thanks to good rainwater harvesting systems being in place – Poonamallee was one of few places in the city that was unaffected by the disastrous December floods.
3) Commuting Is A Breeze
Many developers and homebuyers were hesitant about investing in Poonamallee due to its distance from the heart of the city. However, thecompletion of the 62-kilometer, Outer Ring Road in 2015 has connected fourhighways from the north to the south of the city – making commuting a breeze. You can now travel to the city, the Central Business District at Guindy, the IT hubs and industrial belts around the city, all in less than an hour’s time without having to worry about traffic. There is also talk of introducing a metro/mono rail transport system, which will only increase Poonamallee’s attractiveness.
4) A Favourite Among Young Professionals
Thanks to its affordable prices and location – Poonamallee has become a hit with young professionals who are looking at investing in high-quality, affordable homes in the region. 1 BHK apartments in this region start from as low as Rs 10 lakhs and closeness to workplaces is luring buyers. Other pluses include good public transport, proximity to schools and colleges, and, easy access to highways leading to Bengaluru,Visakhapatnam and Vellore.
Reporter : Smitha TK
Web Editor : Nikhil Narayan Sivadas