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Tambaram July2013 .pdf


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Pallavaram – Chrompet - Tambaram
Grand Southern Trunk Road (GST Road) is one of the busiest National Highways connecting Chennai to Trichy.
Starting from Kathipara Junction at Guindy the highway connects the Chennai International Airport and many
upcoming residential and commercial localities like Pallavaram, Chrompet, and Tambaram. These localities are close
to the city and are well connected via both road and Chennai Rail.
The commercial establishments on GST Road didn’t pick pace due to governments focus on establishing OMR as the
IT Hub. For the same reason the localities along GST Road didn’t see similar price appreciation and demand as
residential properties on OMR belt did. But in past two years post their inclusion under city limits, these areas have
seen heightened interest from both developers and buyers side owing to affordability, proximity to the airport along
with good connectivity with the city and OMR.

Locality Ranking - Pallavaram, Chrompet,
Tambaram

Some Facts
Road Connectivity

GST Road, Pallavaram –
Thuraipakkam Road, Tambaram
Road, Chennai Bypass Road

Public Transport

Chennai Suburban Rail Network
via Beach – Tambaram –
Chengalpattu line, Monorail
(proposed)
Airport : 10 Kms
OMR : 15 Kms
Mahindra World City : 25 Kms
Shriram Gateway : 3 Kms

Distance from
Tambaram

0%

20%
Pallavaram

40%
Chrompet

60%

Tambaram

For more on our research | Samidha Bansal | Deputy Manager - Research and Analysis | +91 (044) 3098 0519 | samidha.bansal@indiaproperty.com









Major Residential Projects in Pallavaram, Chrompet,
Tambaram:

Tambaram is one of the fastest growing
Chennai suburb
Residential demand in Tambaram will
increase further once work begins for the
proposed Monorail
High vacancy rate in existing commercial
office spaces at Shriram Gateway and
other establishments
The road and rail network for the localities
already exists
Chennai Airport will be the closest metro
station for the upcoming Metro Rail

PROJECT
Pallavaram
Aspire
Vibrants
Chrompet
Wood Berry
Serene
Tambaram
Florencia
Adithi
White Pearl



Budget Preference of Buyers (per Sqft unit rate)
50%
45%



40%
35%
30%



25%
20%



15%
10%
5%
0%
Chrompet
<3000

Pallavaram
3000-4000

4000-5000

Tambaram



>5000

DEVELOPER

PROPERTY PRIICE (INR
psft)

Royal Splendour
Developers
Sankar Builders

4600

Green Peace
Aashirwad

6850
3800

Color Homes
Gayatri Realties
AKB Homes

3600
3200
4900

5000

Over 55% of buyers wanting to buy property in
Tambaram are ready to pay over INR 3000
psft
This is in conjunction with the current market
rate in the area
INR 3000 – 4000 psft is the most preferred
budget for the three localities
Pallavaram being only 4 and 7 Kms from the
airport and Kathipara Junction respectively
has capital values ranging between INR 4500 –
5500 psft
The running rate in Velachery which is at a
similar distance from the airport is above INR
6500 psft, indicating future growth potential

Unit Size Preference of Buyers
45%





Maximum demand is for decent sized 2
– 3 BHKs
Pallavaram, Chrompet and Tambaram
have good growth potential
With improvement in social and physical
infrastructure these localities will
become more habitable and one can
expect over 20% price appreciation

40%
35%
30%
25%
20%
15%
10%
5%
0%
Chrompet

Pallavaram

< 900 sqft
1500 - 1800 sqft

900 - 1200 sqft
> 1800 sqft

Tambaram
1200 - 1500 sqft

About IndiaProperty.com
India Property Online Pvt. Ltd. is country’s leading portal in the online real estate space. Launched in 2006, IndiaProperty.com offers one-stop property marketing
solutions serving builders, real estate agents and home owners to sell or rent their properties, while offering a feature rich interface for property buyers to search
and identify properties that match their requirement. The portal receives over 1.2 million unique visitors a month, has 4.5 lakh properties listed across 20 cities, 3
million active registered users and over 1000 new projects advertised.

For more on our research | Samidha Bansal | Deputy Manager - Research and Analysis | +91 (044) 3098 0519 | samidha.bansal@indiaproperty.com


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