PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover PDF Search Help Contact



Velachery July2013 .pdf


Original filename: Velachery_July2013.pdf
Author: User

This PDF 1.5 document has been generated by Microsoft® Office Word 2007, and has been sent on pdf-archive.com on 07/11/2013 at 12:16, from IP address 182.19.x.x. The current document download page has been viewed 407 times.
File size: 565 KB (2 pages).
Privacy: public file




Download original PDF file









Document preview


Medavakkam – Pallikarnai - Velachery
Velachery has seen massive real estate development and increase in capital values during past few years. Owing to
popularity of Velachery, its neighbouring destinations - Medavakkam and Pallikarnai are also fast developing as
residential suburb.
Proximity to the city and the Chennai airport, easy accessibility to major employment hubs – OMR, GST Road and
improvement in social infrastructure are the key factors which have resulted in an increase in preference for these
localities. Also the proposed monorail from Vandalur to Velachery will enhance the connectivity of these micro
markets.

Micro Market

Road Connectivity

Public Transport

Velachery

Velachery Main Road,
Tharamani Road

Chennai
Suburban Rail
Network

Medavakkam

Tambaram Road,
Medavakkam Mambakkam Main
Road, Medavakkam Sholinganallur Road

Absence of Rail
Network

Pallikarnai

Pallavaram –
Thuraipakkam Road,
Velachery Main Road

Absence of Rail
Network

Locality Ranking - Medavakkam, Pallikarnai &
Velachery:

0%

10%

20%

Pallikaranai

30%
Medavakkam

40%

50%

Velachery

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







Major Residential Projects in Medavakkam, Pallikarnai &
Velachery:

With increasing property rates in the
city localities close to the city are
becoming popular
Due to limited availability and high
pricing of residential projects in
Velachery nearby localities
Medavakkam and Pallikarnai have
also seen an outburst in real estate
demand
Demand also increased after
announcement of Monorail from
Vandalur to Velachery via
Medavakkam and Pallikarnai

PROJECT

DEVELOPER

PROPERTY PRIICE (INR
psft)

Pace Builders
Ruby Builers
Sumangali
Homes

5500
5800
4600

Rajkham Builders
Puravankara

4200
4500

Malles
Construcions
Color Homes

6600

Medavakkam
Pace Aagam
Ruby Elite
Fortune Manor
Pallikarnai
Akash Ganga
Windermere
Velachery
Arcadiaa
The Quadrants

6900

Budget Preference of Buyers (per Sqft unit rate)
60%



50%
40%



30%



20%
10%
0%
Medavakkam
Pallikaranai
<3000
3000-4000
4000-5000

Velachery
>5000

Over 50% of buyers wanting to buy
property in Velachery are ready to pay
over INR 5000 psft
INR 3000 – 4000 psft is the most
preferred budget for Medavakkam
and Pallikarnai
But buyers are slowly accepting the
increase in pricing in the area with
close to 25% ready to pay over INR
4000 psft, which is close to the actual
market rate in the area

Unit Size Preference of Buyers
45%
40%






Velachery is transforming into uppermid residential destination with over
60% buyers looking for spacious
homes
These localities are highly preferred
by IT professionals
With better connectivity via Monorail
the capital values in Medavakkam and
Pallikarnai will appreciate by over 20
– 30%

35%
30%
25%
20%
15%
10%
5%
0%
Medavakkam
< 900 sqft
1500 - 1800 sqft

Pallikaranai
900 - 1200 sqft
> 1800 sqft

Velachery
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


Velachery_July2013.pdf - page 1/2
Velachery_July2013.pdf - page 2/2

Related documents


velachery july2013
chennai residential market q32013
residential property in mysore
top commercial property investment in delhi ncr for 2017
godrej sarjapur road
dubai real estate newsletter march 2015


Related keywords