Neighborhood Watch - Porur, Chennai
A crucial stretch of real estate traversed by the St. Thomas Mount - Poonamallee Road, Porur Chennai is the present and the future of real estate in Tamil Nadu. This bustling real estate hub has the perfect mix of everything – industries, commercial centres, SEZs, housing locales, institutional areas and more.
The Streets of Chennai | Photo Credit: ruffin_ready/Flickr
Surrounded by the serene Pallavaram hills, the emerging suburb is located around the Porur Lake, which is unique in the way that a flyover ribbons it. Being a rapidly developing area, real estate in Porur has been identified as an excellent investment opportunity.
Property in Porur Chennai majorly covers office complexes and residential localities. There are IT parks with big names like HP, IBM, iGate, Cognizant, Syntel and Logica. All these employment opportunities bring along with them the demand for accommodation. Hence, a considerable increase in the demand for commercial spaces as well as apartments and flats in Porur Chennai has been witnessed during recent times.
If you wish to invest in property in Porur, here’s a quick look at the neighbourhood:
Porur is well-linked to all important areas of Chennai, including places like Nungambakkam and Guindy. The Mount-Poonamallee road links Porur to the rest of Chennai, and the Arcot Road also crosses this swiftly emerging suburb. Public transport is very efficient, with five bus stops, there is a wide network of buses that run through all parts of Porur.
The demand for transitory accommodation in Porur is led by business executives and industrialists frequenting the area on a regular basis, but for a short duration of time. There are a wide range of options for travellers, ranging from budget hotels and lodges to inns, corporate guest houses and 3-star properties. The Grand Residence and Abu Palace are two popular hotels in Porur.
Shopping Malls and Recreation
Porur Market is the most important centre of commerce in Porur, and there are several stores and showrooms around here. Apart from the conventional market and local shopping centres, there are also numerous bazaars and shopping complexes that lie in close proximity to Porur.
An important aspect of property in Porur Chennai is its educational facilities, which include the extremely famous Ramachandra Medical College. Other important institutions include PSBB Millenium School, Omega International School, St. Francis International and Grace Matriculation Higher Secondary School.
Hospitals and Banks
All important banking institutions, including State Bank of India, Andhra Bank, Syndicate Bank, IDBI and Canara Bank have their branches and ATMs located in various parts of Porur. Healthcare facilities in Porur include Sri Ramachandra Hospital, J.K. Hospital, Soorya Hospital and many others.
Real Estate in Porur Chennai
There have been a total of 15 completed projects in Porur so far, and 38 are still under construction. Projects that have been covered till date include Dakshin Dinakar, Dakshin Divyas, Antony Park wood and Oyester Homes Oxygen. There have been a total of 8 new projects in Porur since January 2013, under which a total of 1548 units have been launched. Some of the important properties in Porur include VGN Imperia, VGN Krona Phase 2 and Orchid Blossoms. The average price of residential property in Porur is about Rs.4660 per sq. ft., with the minimum price of Antony Park wood being Rs. 3400 per sq. ft. and the maximum being Solitaire by SS Foundation, at Rs. 6100 per sq. ft.