Pallikaranai is a residential area located in the southern suburbs of Chennai. Nearby Pallikaranai localities include many famous areas of the city such as Velachery, Medavakkam, Kovilambakkam, Karapakkam, Perungudi, etc. A variety of projects are available in the area, in the affordable and luxury segments. The area lies very close to the IT hubs of Chennai. As a result, there has been a surge in the demand for residential apartments in Pallikaranai. Located in the metropolitan city of Chennai, the area of pallikaranai has experienced huge real estate boom in the recent years. There are various reasons that have led to this boom in the real estate. However, one of the main reasons is because of the IT hub that is located near this area. This place is such that have various IT industries in and around it. That is why the professionals working in the companies find this place to be a perfect area for the purpose of resident and thus make investment in the field of real estate. Not only that, the investors also finding this place to be appropriate for investing. Supported by real estate drivers such as planned development, availability of premium office spaces and land, and access to social infrastructure, Pallikaranai is set to witness significant price appreciation.
Pallikaranai is situated near the IT corridor in the Old Mahabalipuram Road (OMR). It is also near a business hub and automobile hub in the GST road. Apart from being a real estate hotspot, this bustling business location is an attractive commercial investment hub. Pallikaranai has been recently brought under the purview of the City Corporation of Chennai and the plans have been drawn up for a number of infrastructure projects. The civic amenities have also improved here. The industrial and IT sectors’ growth, have boosted the development of the retail and hospitality sector in this area, as well. This place is such that have a very good communication system. It is well connected with the rest of the city of Chennai in a proper manner. The International Airport of Chennai is just few kilometers away from this place. To be exact, the distance between this area and airport is that of 14 km. The route to the airport is constructed in a well manner and thus that helps in providing the residents with trouble free communication.
The development has taken place in accordance with the need for the people to have a high class urban lifestyle. The aspect of education is taken proper care of in this area and thus you will come across a lot of eminent schools and colleges. There are also various health care facilities that provide the residents with the state-of-art facilities. During initial days many promoters sold Plots in Pallikaranai for a really affordable rate, these plots now are a gold mine. People who invested in these land in Pallikaranai are reaping the benefits of good investment. This growth is expected to continue due to the many infrastructural improvement projects in the pipeline.
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