Taramani has nearly turned out to be synonymous with Chennai's IT big tale and has been attracting the interest of realestate in Chennai builders and buyers for many years.
Located in the southern part of Chennai, Taramani is popularly known as the Rajiv Gandhi Salai stretch is one of the few locations in the town in which offer quite some land parcels and new residential projects. Placed adjacent to Adyar, Thiruvanmiyur, Velachery and Perungudi, it houses a number of the town's prominent IT parks like Tidel Park, Ascendas and TCS to name some.
This region has been known as the IT stretch for many years, but from the past few years the locality being converted into a residential hub which additionally enjoys top connectivity to the rest of the city in addition to the outskirts. It is noteworthy, that in past few years many instructional institutes too have mushroomed inside the location.
A property consultant working in this area said that appropriate social infrastructure and adequate vacant spaces have brought benefit in this vicinity. Many new commercial institutions are rising and this in flip has caused positive market sentiments. Even in terms of amusement, there are many alternatives to pick from.
Table of content
Additionally, he commented on factors that have caused the hike inside the demand of real property within the location. He said that the property right here is tremendously cheaper and the locality is in close proximity to some of IT agencies, many IT professionals are moving base to Taramani. Due to high traffic movement in the town, safety worries and lengthy working hours, many city dewellers that it is a superb choice for an alternative housing. Because of the massive potential for growth in Taramani and its surrounding region, housing initiatives right here have also caught the eye of NRI traders. The Chennai property market has been moving in the positive direction due to the development in this area.
Even though there are several positive factors which are driving the growth of this area, however there some demanding situations too. "One factor which is worrisome is that there's a delay in the expansion plan of Taramani Link Roadway and construction of hurricane water drains for this stretch has no longer but taken location. In the absence of such fundamental civic facilities will have an effect on the actual property potentialities in the area and accordingly needs to be quick taken care of out.
A director of a renowned property corporation feels that small and medium belongings segments had been doing well. He further said that people rely upon repayment through EMI's for best housing initiatives. In addition to the residential sector, PG accommodations and hostels that cater to the requirements of students and professionals are also available in Taramani. The value of a 2 BHK unit is about 50 lakhs for a 1,200 square Ft residence unit and the apartment rental varies from Rs.7, 000 to Rs.12,000 and Rs.14,000 to 18,000 for two BHKs and three BHKs respectively.
Taramani is new hotspot in real estate projects in Chennai, which will develop in the coming years.
for more info: real estate blogs