Located in South Chennai, Pallikaranai is one of most premium pin codes in the city. Boasting of one of the biggest wetlands in southern India, the area is a reserve forest and currently falls under the purview of the forest department of Tambaram range.
So, what led to the locality’s growth? Well, Pallikaranai’s growth has been a simple and recent one. Back in the 2000s, the development of the neighbouring IT-ITeS corridors set off the demand for residential properties here. Within a decade, several builders flocked to the locality. In 2011, Pallikaranai became a part of Chennai Corporation, and further development ensued.
In this post, we present you five compelling reasons why Pallikaranai can be your locality of choice.
Accessibility
Pallikaranai is surrounded by Velachery in the north, Medavakkam in the south, Kovilambakkam in the west and Thuraipakkam in the east.
Strategically located, it enjoys good accessibility to major areas of the city. The nearest MRTS station is Velachery, which is about 6.3 km away and can be easily accessed by autos and local busses.
Velachery-Tambaram Main Road is the primary road that runs through the locality. Another major road is the Pallavaram-Thoraipakkam Radial Road, which runs from GST to OMR and intersects the Velachery Main Road in Pallikaranai.
Due to its proximity to the OMR and GST, in terms of location, Pallikaranai offers the best of both worlds. And to top it all, it is also close to the Chennai International Airport, located about 14 km away.
Social infrastructure
Electricity and water supply are mostly reliable in Pallikaranai, which is one of its most attractive features. In addition to schools, there are many prestigious colleges in the vicinity. These include Jerusalem Engineering College, Sree Balaji Dental College, Asan Memorial College of Arts & Science, and National Institute of Ocean Technology (NIOT).
The presence of major hospitals like Dr Kamakshi Memorial Hospital, V-Cure Hospital, and Global Hospitals makes it a senior-citizen-friendly neighbourhood as well.
Serene surroundings
Pallikaranai is the 17th reserve forest area in the Tambaram Range, whose reserve forest area goes up to 56.27 square kilometres. It is surrounded by various natural lands, water resources ponds, lakes, and different varieties of birds. Goes without saying, the locality is also rich in flora and fauna.
It wouldn’t be wrong to say that Pallikaranai offers a cosmopolitan life amidst nature.
Thrust on infrastructure
To further the up the ante of the area, several infrastructure projects are on the anvil.
According to the CMDA master plan, development of an outer ring road 200 feet, Medavakkam to Karapakkam via Jalladianpet and Pallikaranai has been proposed. A monorail station on the Velachery-Vandalur route is also on the anvil. These two infrastructure projects are likely to improve the connectivity of the area significantly, thereby propelling further real estate growth.
Ample property options
The ongoing capital values in Pallikaranai are in the range of Rs 4,500-6,200 per sq. ft. On RoofandFloor, there are about 200 verified projects for sale in Pallikaranai.
In terms of budget segmentation, properties in mid (Rs 40-70 Lakh) and luxury (Rs 70 Lakh -1 Cr) segments dominate the spectrum with 40% each. Properties within Rs 40 Lakh has about 14% share while the remaining 6% share is occupied by properties priced over Rs 1 Crore.
Some of the leading developers in the locality include Puravankara Limited, Pioneer Foundations, Urban Tree Infrastructure Pvt Ltd., and Casagrand Builder Private Limited.
