Neighbourhood Watch – Sholinganallur, Chennai

Sholinganallur is an upcoming residential-cum IT suburb which bears close proximity to southern Chennai. Over the past few years, Sholinganallur has witnessed tremendous growth in terms of infrastructure as well as real estate, as it is a highly favourable location which is situated in the midst of several IT Parks and Special Economic Zones (SEZs). Property in Sholinganallur has become one of the most sought after real estate options in Chennai, and here’s how:

Apart from the adjoining corporate hubs, Sholinganallur also houses within itself several BPOs and IT majors whose offices are scattered across various parts of the bustling suburb. Infosys Technologies, Wipro, Zylog, PayPal, TCS, HCL Technologies, eBay, Accenture, Satyam and several other companies have their offices set up across Sholinganallur. Thus, it has become a preferred residential destination for individuals operational in this part of Chennai, as it combines exclusive location benefits with pleasant surroundings to live in.

Connectivity
Situated along the Old Mahabalipuram Road, Sholinganallur offers efficient connectivity to the adjoining neighbourhoods of Greater Chennai, Siruseri, Tambaram, Taramani and Perungudi. Sholinganallur is also located very close to the East Coast Road.

Hotels
Being an eminent corporate hub close to Chennai, several hospitality establishments have bought property in Sholinganallur in order to cater to the demand of short-term accommodation. Some of the important hotels in Sholinganallur include The Gateway Hotel by Taj, Aloft Chennai, Hotel Angel’s Nest, Hotel Centre Point, Euphoria on OMR and Sholling Residency.

Shopping malls and recreation
Although Sholinganallur is still developing in terms of recreational hubs within the neighbourhood, there are several malls and shopping complexes scattered around various parts of Southern Chennai. Some of the popular joints for recreational purposes located near Sholinganallur include Chennai Citi Center, Phoenix Marketcity, Alsa Mall, Express Avenue and Big Bazaar.

Educational Institutions
Sholinganallur has several reputed schools and educational facilities. Some of these include Gateway – The complete school, Parent Choice International School, Ramana Vidyalaya, Kidzee and Sacred Heart School.

Hospitals and Banks
Apart from the several international healthcare facilities in Chennai which are just a short drive away, Sholinganallur also has quite a few hospitals in its own neighbourhood. Some of these include Sri Kalyan Multi Speciality Medical Centre, Swaram Hospital and Life Care Hospital. Banking institutions like Kotak Mahindra, State Bank of Hyderabad, ICICI Bank, Canara Bank and Tamilnad Mercantile Bank also have their branches in Sholinganallur.

Real Estate in Sholinganallur
There have been a total of 16 real estate projects running in Sholinganallur, of which some key ones include Lancor Holdings-The Central Park, Rams Builders-Rams Habitat and Ceebros-Belvedere. In the year 2013, 8 projects have been launched so far, which comprise approximately 1650 units. Important launches of 2013 include Olympia Group-Panache, ASV Constructions -Alexandriea, Serene Retirement-Pushkar and Vermillion-Sangamam. The minimum and maximum price (per sq. ft.) of property in Sholinganallur is Rs. 4000 (Royal Splendour – Arcadia) and Rs. 6750 (The Nest -Nest Apra) respectively, bringing the average price to Rs. 5094 per sq. ft.

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