From a sleepy suburb to a realty hotspot, the metamorphosis of Pallavaram has been nothing short of remarkable.
With property values along the Old Mahabalipuram Road (OMR) heading north, Pallavaram has emerged as a perfect alternative for professionals who want to stay close to their workplace.
Interestingly, the realty market in the area is mainly cashing on its proximity to the three important corridors of the city, i.e., OMR, Grand Southern Trunk Road (GST Road), and the East Coast Road (ECR).
Its strategic location, coupled with proximity to the International Airport (4.8km), has encouraged several leading developers to launch projects in the area.
Here are top five projects that are worth your consideration if you are looking to buy a property in Pallavaram.
Alliance Galleria Residences by Alliance Infrastructure Projects Pvt. Ltd
Strategically located on Pallavaram-Thoraipakkam Radial Road, Galleria Residences has secured the first slot on our list. Spread across 9.09 acres, the project offers 1,225 units with 76% open space.
As per the BHK, it offers apartments in 1, 2, and 3BHK configurations.
Interestingly, there are no common walls between two apartment units, offering more privacy. In term of amenities, from the swimming pool to the clubhouse to the gymnasium to a restaurant – the project has it all!
At present, it is priced in the range of Rs 72 Lakh to 1.04 Crore.
Alliance Galleria is RERA-approved and will be ready for possession in July 2021.
Krishna Mithila by Krishna Constructions
A premium project by the Krishna Constructions, Mithila has clocked the second slot on our list.
Priced at Rs 5,500 per sq. ft., the project offers a total of 64 units in 2 and 3BHK configurations.
The units are available in varied sizes ranging from 885-901 sq. ft. for 2BHKs and 1231-1251 sq. ft. for 3BHKs.
In terms of amenities, Krishna Mithila offers almost all the basic amenities with a few lifestyle ones like gymnasium, multi-purpose hall, and tennis court.
The project RERA-approved and slated for completion in August 2018. At present, the developer is offering a 50% discount on GST charges.
Radiance Sudharma III by Radiance Realty Developers India Ltd.
Radiance Realty has launched Phase III of Radiance Sudharma.
The space constraint within the city limit is essentially what has worked well for this project. Offering plotted developments within the city, Sudharma III is currently priced at Rs 2,200 per sq. ft. The plots are available in the size range of 895-1,031 sq. ft.
It offers all plot-related facilities such as blacktop roads, stormwater drainage system, street lights, etc.
These well-designed plots also have clear land titles.
TVS Emerald LightHouse by Emerald Haven Realty Limited
Another project that is worth exploring is TVS Emerald LightHouse. Spread across 1.98 acres, it offers 279 premium units.
The unique point of this project is an exclusive tower lounge on the top floor that will offer a splendid view of the city to its residents.
The project is also loaded with lifestyle amenities like a landscaped podium, swimming pool with deck, gymnasium, play area, private balcony garden, etc.
Interestingly, apart from 2 and 3BHKs in varied sizes, TVS Emerald LightHouse also offers a few 1BHK units sized 446 sq. ft. (carpet area). The project is currently under-construction and will be ready for possession by December 2022.
Agni Pelican Heights by Agni Estates & Foundations Pvt Ltd
Offering 138 well-designed units in 2 and 3BHK configurations, Agni Pelican Heights has secured the last slot on our list.
Spread across 1.25 acres, it offers amenities like swimming pool, gymnasium, clubhouse, and children’s play area.
At present, it is priced at Rs 5,200 per sq. ft.
Agni Pelican Heights will be ready for possession by August 2018.
If you have invested in any of above-mentioned projects, do let us know your experiences in the comment section below.
