Kolathur, a residential locality situated in North Chennai, has seen a noticeable real estate activity in the past couple of years. From price appreciation to connectivity and commercial set ups, the locality gives property buyers various reasons for investment. Here is an overview of major ones:
The average property prices in the locality hover in the range of Rs 4,000 to 4,800 per sq ft, at present. Thus, a 1,000 sq ft apartment is available in the range of Rs 40 Lakhs to 48 Lakhs.
Kolathur is a locality which is largely driven by the middle to lower middle income group. Thus, the demand for properties within this category has always remained high.
Since Kolathur is surrounded by various IT parks and the demand for housing is majorly driven by professionals working in these companies. Apart from this, Kolathur is one the nearest residential locations to the Ambattur Industrial estate belt, which also contributes to the demand.
The area has seen significant development in recent years which has shifted the interest of property buyers to Kolathur. The accessibility to work places such as Ambattur industrial belt and commercial establishments at places like Anna Nagar has attracted mid-income buyers here.
Also infrastructure development such as roads and new flyovers are better than before with good transport facility which is leading to growth and increasing the demand for properties in the area.
The strategic location of Kolathur is attracting people to look for properties here. Kolathur enjoys proximity to Grand Southern Trunk Road (GST) and Chennai Bypass Road that further connects it to other parts of the city. GST Road connects the locality to the Chennai International Airport and Chennai Central Railway Station. The Inner Ring Road also passes through Kolathur, making it one of the well connected areas in Chennai.
The locality is situated within a distance of 3-5 Km from areas such as Anna Nagar, Perambur and Villivakkam. This makes the area easily approachable to Villivakkam and Perambur Railway Stations. The area is also in proximity to Moogambikai Bus Stop.
The Kolathur locality is also well equipped in social infrastructure with several schools, super markets, malls, medical and banking facilities in the vicinity.
Price Appreciation:
The average property prices in the locality hover in the range of Rs 4,000 to 4,800 per sq ft, at present. Thus, a 1,000 sq ft apartment is available in the range of Rs 40 Lakhs to 48 Lakhs.
Kolathur is a locality which is largely driven by the middle to lower middle income group. Thus, the demand for properties within this category has always remained high.
Commercial Hubs:
Since Kolathur is surrounded by various IT parks and the demand for housing is majorly driven by professionals working in these companies. Apart from this, Kolathur is one the nearest residential locations to the Ambattur Industrial estate belt, which also contributes to the demand.
The area has seen significant development in recent years which has shifted the interest of property buyers to Kolathur. The accessibility to work places such as Ambattur industrial belt and commercial establishments at places like Anna Nagar has attracted mid-income buyers here.
Also infrastructure development such as roads and new flyovers are better than before with good transport facility which is leading to growth and increasing the demand for properties in the area.
Connectivity:
The strategic location of Kolathur is attracting people to look for properties here. Kolathur enjoys proximity to Grand Southern Trunk Road (GST) and Chennai Bypass Road that further connects it to other parts of the city. GST Road connects the locality to the Chennai International Airport and Chennai Central Railway Station. The Inner Ring Road also passes through Kolathur, making it one of the well connected areas in Chennai.
The locality is situated within a distance of 3-5 Km from areas such as Anna Nagar, Perambur and Villivakkam. This makes the area easily approachable to Villivakkam and Perambur Railway Stations. The area is also in proximity to Moogambikai Bus Stop.
The Kolathur locality is also well equipped in social infrastructure with several schools, super markets, malls, medical and banking facilities in the vicinity.