Property in Korattur
Korattur is situated in the north-western region of Chennai and is a part of the Corporation. Located along the Chennai-Mumbai railroad, Korattur is 12 kilometres from Central.
Prominent attractions here include the 800-year-old Earikarai yathamman Temple, a mosque, two churches and Aeri, the largest freshwater lake in Korattur. Hindustan Motors also has one of its manufacturing units in the area.
Korattur is well-connected via roads, railways and public transport. The main road (East & Central Avenue) is a 4-lane road and each side has a 2 lanes. The neighbourhood is served by the Railway Station of the Suburban Railway. Though located 10–15 kilometres from many central places in the city, Korattur is well-linked by public transport. Trains (EMU) starting from the Central Railway Station to Avadi/Arakkonam stop at Railway Station. Nearest airport to Korattur is the International Airport and the nearest railway station is Station (13 kilometre).
There are several reputed schools and colleges located in and around Korattur. These include Bhaktavatsalam Vidyashram, Dr. Nalli Kuppuswami Vivekananda Vidyalaya Junior College, Little Holy Angels Matriculation Higher Secondary School, Ebenezer Matriculation Higher Secondary School, Bhaktavatsalam Vidyashram Arts College for Women, KidZee and Apple Kids.
Hospitals and Banks
Some of the hospitals in Korattur include Medical Mission, Frontier Life Line, Sundaram Medical Foundation, Bone & Joint, DRJ Hospital, KHM Hospital and Sridevi Hospital. Some of the banks that have branches in Korattur are UCO Bank, State Bank Of , Tamil Nadu State Apex Co-Operative Bank and Axis Bank
Real Estate in Korattur
Due to rapid development of small-scale industries, Korattur is witnessing a good demand for residential properties. Developers who have made their presence in this locality are Homes, Landmark Construction, Flat Promoters and Foundations. Some of the prominent residential properties in Korattur include Sunshine and Menons Abode by Homes, Aspects and Landmark Orlando by Landmark Construction, Galaxy by Flat Promoters and Rupa by Foundations. There are 21 ongoing projects and 4 projects due for possession in 2014. The average price of an apartment in Korattur is Rs. 6400 per sq. ft., the minimum price is Rs. 3800 per sq. ft. and the maximum price is Rs. 9000 per sq. ft. with unit sizes ranging from 560 sq. ft. to 2352 sq. ft.
Property rates in Korattur have risen by upto 20.0% in last 6 months.
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