The IT corridor of Chennai has emerged as the most favorite and active real estate destination among the IT professionals and students. Sholinganallur, a suburb of Chennai located on the IT corridor is seeing tremendous growth and development.
The micro market has a number of IT companies. The growth of the area is enormous backed by the presence of a strong commercial market. ELCOT (Electronics Corporation of Tamil Nadu) is spread across on 377 acres of land. The professionals employed in these IT parks have largely contributed to the demand for the residential properties in the micro market.
Connectivity plays a major role in the growth of a locality. The micro market enjoys good connectivity to different parts of the city. The ECR link road which connects OMR and ECR passes through the locality. Areas with good connectivity always see good growth and development. The area houses a number of famous software companies such as TCS, HCL, Accenture, Paypal and so on. The micro market and the neighboring localities have a number of IT and ITeS companies. Most of the residents of the area are the professionals employed in these IT firms.
The area has a good social infrastructure. The micro market has a number of prominent educational institutions such as international schools, famous engineering and dental colleges. The locality has many hospitals to provide good healthcare facilities. The area has a rich hospitality sector with a number of star hotels and famous restaurants. Many standalone retail outlets are also available. All these facilities give a quality lifestyle to the residents.
The real estate market of Sholinganallur is active and is one of the most demanded markets among the IT professionals. Proximity to the workplace and the presence of good social and physical infrastructure has contributed to the increased demand for the residential properties. The locality is also known for its commercial real estate market.
The area has an active rental market. The rental prices have increased over the years and this makes the locality a good investment destination. Investment in the locality gives stable rental income. The micro market has witnessed price appreciation over the years. Investment in the residential properties will give good returns on investment. Apartments in the locality are currently priced anywhere between INR 4000 per Sq. ft. and INR 6000 per Sq. ft.
Many prominent developers have their project in the micro market. Few of the best projects in the locality are House of Hiranandani Tiana by House of Hiranandani, Nest Amaze by the Nest, Embassy Residency by Embassy Group, Mantri Signature Villa by Mantri Group and so on.
The area has projects for different budget ranges. There are luxury villas available from the famous developers. If you are looking for luxury apartments, you can consider House of Hiranandani Tiana. This project offers 2 and 3 BHK unit sized apartments with luxury amenities. Few of the notable amenities are swimming pools, heated Jacuzzi spa, yoga and aerobics center, multi cuisine restaurants, cafes and refreshment zones and lots more.
Author Bio:
Sulabha is journalist writer. She has 10 years experiences in the business analysis trends, she wrote about the real estate market of Sholinganallur projects, Chennai city. Furthermore details about House of Hiranandani projects view on Indiaproperty.com
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