Speculation on Property in Chennai: Location Porur
Porur is a popular residential choice and rightfully so. The locality has all characteristics to win favour from single working professionals, families and even senior citizens. Located in West Chennai, the locality still sees investment from end-users and not much from investors. Much number of reputed builders who have been successful in constructing premium apartments in Chennai is now targeting Porur as their next business venture locality
The per sq ft capital values of properties range makes it a reasonable option when compared to other localities of the city.
Accessibility and connectivity are the factors driving Porur’s real estate. However, traffic at Porur junction during peak hours is a problem but the flyover which is under construction is expected to ease the traffic flow.
A commercially developed area, it houses renowned manufacturing plants and chemical industries. It is also an IT hub housing companies such as IBM, Barclays, L&T, iGate, HCL, Logica, Dell, among others. The DLF IT Park housing various software companies is located with 5-km radius from Porur. Three IT SEZs are coming up in the locality, ensuring it to be an IT hub of Chennai next to OMR. A total of 1, 00,000 employees are expected to work in these SEZs. With this development and social infrastructure in place, Porur has the potential to grow and witness more rental demand in future.
From schools, hospitals, banks, day to day convenience stores to shopping arcades, the locality has an established social fabric. Porur is a prime residential which possesses many number of premium apartments and luxury villas in Chennai.
The Chennai International Airport is 12-km away. It is positioned strategically at the key junction of Mount Poonamallee Road, Arcot Road and the Chennai Bypass Road. Arumbakkam Metro Railway Station is the nearest station to the area located at a distance of 8-km via the Arcot Road. Porur is well-connected with other parts of Chennai and neighbouring suburbs through roads and frequent bus services. Arcot Road connects Porur with Nungambakkam, Guindy and Poonamallee by the Mount-Poonamallee Road.
Every area has certain drawbacks and Porur is no exception. Soil in Porur is generally not suitable for multi-storey apartments. Recently an under-construction 11-storey building collapsed near the Porur Lake, which is an example as to why high-rise buildings should not be preferred by developers and buyers in the region. The roads within the locality are narrow, another reason why builder-floors are better suited here, the maintenance charges in a builder floor apartment are less in comparison to multi-storey apartments because of the extra amenities that come along with the latter.
Consider Porur for investment. The locality has good potential for higher property returns, is developed and strategically placed. It offers a lifestyle which is comfortable and convenient.
Alliance Group offers Bougainvillea, a residential Villa Project in Porur. Located just 1.2 kilometers from Poonamalle High road and 3 kilometers from Ramachandra hospital, Bougainvillea offers 2, 3 & 4 BHK Luxury Villas for premium class customers. Call us or book an appointment to see the model apartment at Bougainvillea.