What Makes Urapakkam an Investment Hotspot in Chennai?

The city of Chennai encounters a transformation in the real estate sector that showed stunted growth and insignificant change in the capital values. When the whole country's real estate scenario is murky, this city shows a ray of hope due to the development and construction of the Metro Railways, the first phase of which is up and running. According to the Globalncr.com Insite Property Report, the city has extensive inventory stock that has discouraged the spirits of the investors. However, due to the thriving areas in Chennai like Urapakkam, the city still eyes ongoing construction work.

Urapakkam is a fastest growing region in the suburban region of south-west Chennai. Beaming with life, the area is situated on NH45 enjoying great connectivity. The area is in the Kanchipuram District that is graced by the presence of vital roads in and around. The Urapakkam Railway Station runs through the area making commutation for residents easy. It is in the vicinity of the emerging areas like the Vandalur-Kelambakkam Road, Outer Ring Road, and SP Koil-Oragadam-Sriperumbudur Road. This place is also proffered with a bus stop and is close to the airport to facilitate travelling. The area also has all the civic amenities in place. Though growth is not uniform throughout the area yet it has a fully operational Electricity Board and Panchayat Office. The Gold Souk Grande Mall is under construction that will look after the daily shopping needs of the employees. The area has premier educational institutes and medical facilities satisfying the needs of the people residing here.

The presence of all the necessities has led to the construction of new projects in and around this area. Some of them are as follows:

1). Urban Tree Superb: This ongoing residential development by the Urban Tree offers 1BHK, 2BHK and 3BHK apartment constructed over a huge 3acres of land. The project is constructed in pollution free environment amidst plush green landscape. The spacious rooms with exceptional specifications portray refined and skilled construction work. The site is also in the process of earning an IGBC gold rating which is a green building certification. Constructed in a self-contained locality, the project offers a range of modern amenities that include a multipurpose hall, play area for kids, open space, video security, swimming pool, intercom, gym, firefighting equipment, power backup, parks and gardens, rainwater harvesting, lift, car parking, sewage treatment plant, Wi-Fi connectivity, piped gas, and staff properties. This Vastu compliant construction is available at a price range of Rs. 26.97 Lakh to 48.3 Lakhs for a floor plan of 548sq.ft. to 1303sq.ft.

Also know about Delhi Jan Ghar Yojana and Cambridge residences in Dubai

2). South India Shelters Marakesh: This elegant construction work by the reputed South India Shelters property builders is ready for possession. Constructed over 4.62acres of land, the plan offers 2BHK and 3BHK apartments that is located close to all the social amenities. The project is loaded with all the new age amenities like paved compound, play area for kids, intercom, swimming pool, gym ,power backup, sewage treatment plant, Wi-Fi connectivity, and car parking to name a few. The 632 - 1050 sq.ft. apartments are available at a price of Rs. 26.54 Lakhs.

Therefore, this region offers a range of properties that makes it a favorable destination for rented accommodation and also satisfies the needs of the buyers.