Top Localities To Buy A Home Near Chennai International Airport

The soon-to-be-operational Washermanpet-Chennai Central Metro stretch will mark the completion of the 54-kilometre of the Phase-I of the Chennai Metro. This corridor will link the northeast part of the city to the southwest corner, where the Chennai international airport is situated.

With a robust Metro link, realty developments in localities surrounding the airport have got a boost in the past two years. Some of these areas are already established residential hubs while others are showing signs of an upcoming real estate destination.

MakaaniQ lists some localities near the Chennai international airport that witnessed highest sales of residential properties in the past one year:

Pallavaram

Distance from airport: 3 kilometres

Pallavaram is emerging as an IT hub and attracting renowned technology companies who have established their offices in the area. While social infrastructure is developing gradually, the locality already provides a robust connectivity network with the presence of Pallavaram railway station, new flyovers and arterial routes. Residential properties are available for an average price of Rs 6,000 per square foot (sqf). On the other hand, apartments are priced between Rs 34 lakh for a 1BHK home to Rs 76 lakh for a 3BHK home. These units are available as part of about 79 residential projects launched in the area out of which over 70 projects are under the ready-to-move-in stage.

Pammal

Distance from airport: 5.7 kilometres

One of the rapidly growing pockets of south Chennai, Pammal is in proximity to other well-developed areas like Chrompet and Pallavaram near Thoraipakkam - Pallavaram Road. From efficient public transport to important social amenities, the locality provides a modern lifestyle through a number of gated-community projects. There are about 136 properties which are ready for possession while 10 are under construction. Buyers need to spend Rs 4,450 per sqf of space. Residential plots are available for a price of Rs 20 lakh whereas a 1BHK home has an average price of Rs 23 lakh. On the other hand, spacious 2BHK and 3BHK apartments are priced between Rs 40 lakh and Rs 54 lakh.

Medavakkam

Distance from airport: 13 kilometres

Medavakkam is one of the sought-after locations in south Chennai not just for its proximity to the airport but due to the seamless access with the IT corridor at OMR and an upcoming SEZ. Thriving localities such as Sholinganallur, Madipakkam, Velachery and Tambaram are also within easy reach from here. The strategic location advantages along with seamless connectivity provided by public transportation increase the liveability factor of Medavakkam. There are close to 300 residential projects launched in the area offering houses priced at an average of Rs 4,500 per sqf. Plots are available for Rs 50 lakh whereas houses range in prices from Rs 26 lakh for 1BHK unit to Rs 1.18 crore for a 4BHK unit.

Perumbakkam

Distance from airport: 16 kilometres

Located close to the OMR (Old Mahabalipuram Road) and areas like Medavakkam, Perumbakkam is served by arterial roads like Mambakkam Main Road and Vandalur Kelambakkam Road as well as MTC bus services which make it a well-connected, flourishing locality. The Siruseri IT Park, and an upcoming ELCOT SEZ is expected to augment the investment prospects for buyers. Affordable pricing of Rs 4,120 per sqf makes residential properties quite attractive in this locality. There are about 162 projects with 147 of them in the ready-to-move-in stage. While plots are priced at an average of Rs 62 lakh, homes range in prices from Rs 23 lakh for a 1BHK apartment to Rs 1.4 crore for a 4BHK apartment.

Perungalathur

Distance from airport: 17 kilometres

Perungalathur is the location of a proposed IT SEZ which is likely to see a rise in number of residential and commercial complexes. Nestled on the National Highway 45, the locality enjoys sound connectivity with rest of the city via rail and road. Property buyers are eyeing this locality owing to the presence of a well-developed social infrastructure, public transportation as well as attractive property prices. There are as many as 144 residential properties to choose from which are in various stages of construction. Homes can be purchased at an average rate of Rs 4,400 per sqf. From plots to sprawling 4BHK homes, the residences range from Rs 35 lakh to Rs 1 crore, depending on the sizes.