Drive down the 200-feet Pallavaram-Thoraipakkam radial road and you’ll see patches of greenery, large open spaces and traces of the British rule in India. One of the most important arterial roads of the city, today it is giving way to massive housing, industrial and commercial complexes. We list the top 5 reasons why this region could be Chennai’s next OMR.
1) All-round connectivity
A strategic location, easy access to transport hubs and instant connectivity to three of the key arterial roads of the city; these are the ingredients that makes this radial road the ideal destination for developers and property hunters. What’s more? This stretch is an integral part of the city, connecting the IT corridor, East Coast Road and the Grand Southern Trunk Road.
2) Job Markets Are In Place
The 200-feet road is already home to giants like Cognizant, Wabag India and Concentrix. It is also an emerging alternative gateway to the IT Corridor. The link to the growing office market on OMR has got a number of developers betting on this region and the likes of Embassy and K Raheja Corp are now coming up with A-grade office spaces in the region.
3) Perfect For The Buyer On A Budget
Since the radial road passes through the suburbs, the pricing fits most budgets. Apartments in the region range between Rs 4,100 to Rs 10,500 per sq. feet, making it affordable compared to neighbourhoods like Velachery which are beyond the reach of the middle class buyer. Big names in the region include Plaza, Mantri, Alliance, Vishwakarma and Olympia. That’s not all. Industry sources say many pan-India developers are planning on launching projects here too.
4) Infrastructure Being Built At Speed
Good bargains are attracting several IT employees to this stretch; however the archaic sewage and storm-water drain system, slow progress of infrastructure projects and garbage pileups are a big problem. To overcome this, developers are coming up with integrated townships with state-of-the-art sewage and water management systems installed.
5) Ranks High On Social Infrastructure
Around 10 kilometers away is the Phoenix mall – the biggest in the city – which houses a multiplex theatre, international brands and food courts, making it a viable alternative to T Nagar, the traditional shopping destination of Chennai. The region is a 20-minute drive away from the airport and has easy access to the Pallavaram and Velachery suburban railway stations, making commuting here a breeze.
Reporter : Smitha TK, NDTV
Web Editor : Nikhil Narayan Sivadas, NDTV