PROJECT WATCH: GODREJ AZURE, CHENNAI

Godrej properties is among the most reliable brands in the real estate sector in India.  It has developed many projects in Chennai region and is now coming up with its new project Godrej Azure.  Godrej properties aims at providing quality service to homebuyers.

The Product

Spread on an 8.3-acre plot, Godrej Properties has 288 units of 2BHK and 3BHK apartments. The total area of the 2BHK ranges from 608 sq.ft. to 1,009 sq. ft., and 3BHK between 1,158 sq. ft. and 1,373 sq. ft.  The residential project in Chennai hosts three towers --  namely Jade, Emrald and Pearl -- of 16 floors each.

The amenities include:

• Multi-level car parking
• Private garden
• Ocean view
• Basketball courts
• Club house
• Gymnasium
• Swimming pool

The Builder

Established in 1990, Godrej Properties is a leading real estate developer that believes in the philosophy of creating a brilliant project with the help of innovative techniques. The group has marked its presence across 12 cities in India, having a total covered area of more than 74 million sq. ft. Godrej Properties is the first real estate company to receive an ISO certification. 

How to reach

Godrej Azure is located in Padur, which happens to be one of the most sought after places to have a residential property in Chennai. The residential property is located in OMR, a suburb in the neighborhood of Kalambakkam, Sholinganallur, Perungudi, Perumbakkam, Velachery and Pallaikaranai. The six-lane expressway provides efficient connectivity to the city.

Locational advantage

Godrej Azure, Chennai is near several renowned educational institutions, hospitals and malls and is a home to the international IT companies. The proposed MRTS railway link will further boost connectivity.

Infrastructure and future growth prospects

Padur is witnessing rapid growth and top real estate developers such as Godrej Properties, TVH, Alankar, Akshaya Homes and Mantri groups are developing a wide range of residential apartments and villas for investors as well as end-users.  The renowned institutions and hospitals in the area include School of Aeronautical Science, Sughandha Vidhlaya, Kovallam RC School, Gateway American School, Chettinad Hospital and Research Institute and Prabha Physio Care.

Price/location comparison

The average price of apartments in Godrej Azure is Rs. 3,500 per sq.ft. compared to the average price of Rs. 4,025 per sq.ft. in Padur locality. The other projects of the area such as Pacifica Aurum Villas and XS Real Siena are priced at Rs. 4,569 per sq.ft. and Rs. 3,800  per sq. ft. respectively.

Does it make sense to buy a property at Godrej Azure?

We would suggest it is a good idea since Padur is an area which is developing at a fast pace and is located near the important IT companies having the global background.  The prices of property in Chennai at Padur has increased upto 7% in the last 23 months. If you look into this property then the brand “Godrej Properties” promises a good product.

Proptiger's Rating

Overview

This is a good option for the end users since the locality is a good place to live in having all the basic social infrastructures under its range and for the investors since the place has been witnessing the rise in the prices of the properties.

For more information on Godrej Azure, you can visit proptiger.com.