Project Of The Week: Alliance Galleria, Chennai

Pallavaram is an upcoming residential town in Chennai. Lying close to a micro-market that is witnessed a surge in number of IT companies opening office, this locality is becoming a choice of many that work in the vicinity. Excellent liveability makes Pallavaram favourite amongst buyers given its connectivity to other major areas of the city and also, to key social infrastructure.

The locality is abuzz with residential real estate development and among them is Alliance Group's upcoming project named Alliance Galleria.

PropGuide explains the project in detail:

The project

Alliance Galleria is an under-construction project that sprawls over an area of 9.09 acres. The project that is located in proximity to Thoraipakkam-Pallavaram Radial Road comprises 720 vaastu-compliant apartments. Once completed by March 2018, this project will offer modern amenities to its residents. These include:

The locality

Alliance Galleria is based at Pallavaram, Chennai. The micro market houses IT companies such as Hubino, EPS Techno Software Solutions, TCS, Wipro and Terra Beans Technology. This attracts IT professionals to Pallavaram pushing demand for affordable apartments here.

Key thoroughfares: Main Road, Old Mahabalipuram Road (OMR) and ECR 

Educational institutions: Kidzee, Stella Marry School, Kinderstand and Saint Vincent Palloti Matriculation Higher Secondary School

Healthcare facilities: Sugam Children's Hospital, Jeyaram Medicals,  Sree Clinic and BM Hospital

Transportation facilities: Chennai Suburban Railway

The developer

Alliance Galleria is one of the leading real estate companies. The group has an ISO-9001 certification in project quality. Headed by Manoj Namburu, the company is based at Bengaluru. The group has made its presence in Hyderabad, Chennai and Mysore.

The price and measurements

Alliance Galleria is a project with apartments in 1,2, and 3BHK configurations. The size of these units range between 618 sq ft and 1,704 sq ft while the price ranges between Rs 37 lakh and Rs 1.02 crore.  

Growth prospects

For those planning to invest, Pallavaram can be a wise choice. In the last 45 months, the property prices in the locality have witnessed an increase of 11.3 per cent. In January 2016, the property prices in the locality were Rs 5,289 per sq ft. It rose to Rs 5,419 per sq ft in December 2016.

Our verdict

Overall recommendations

For those looking for end-use or for investment, Alliance Galleria is not just a growing but also, a construction that meets quality standards. It is a great option for IT professionals who are looking for affordable living options. Moreover, through Perungudi Bypass the locality is well connected to Adambakkam, Madipakkam, Nanganallur, Medavakkam, Velachery and Perungudi.