In recent times, Chennai is witnessing a rapid urbanization in all directions, in a bid to keep up with its growing stature as an economic powerhouse in the country. The influx of working professionals from other parts of India has spawned a spike in demand for quality real estate with world-class amenities. Therefore, localities in Chennai that were previously under-developed have evolved into sprawling urban landscapes filled with state-of-the-art townships. One such emerging Chennai locality is the suburb of Pallikaranai. In this article, we’ll go over the appeal and benefits of Pallikaranai as an up-and-coming real estate hub in Chennai.
Pallikaranai is a natural marshland which has seen rapid development due to its proximity to the OMR IT corridor. It’s a commuter’s jackpot, seeing as how it allows easy access to the arterial GST Road as well. Rounding it all off is Pallikaranai’s connections to the neighboring areas of Velachery, Perungudi and Madipakkam, ensuring that reaching the city is never a hassle for its numerous residents.
Now that you have a general idea of the locality, let’s dig a little deeper into Pallikaranai’s real estate popularity.
Here’s some food for thought: Pallikaranai ranked among the top 13 residential investment destinations in the country in 2012. Since then, the demand for housing in the area has only increased over the years. Why? Let’s decode the reasons behind Pallikaranai’s popularity.
From the above points, it’s evident why Pallikaranai is one of the go-to hubs for real estate investment in Chennai. What are your thoughts on this real estate hub?
