Velachery, a residential area in South Chennai has witnessed an unprecedented growth in real estate market. Velachery has emerged as the key vicinity in South Chennai. The robust growth in the Infrastructure and IT sector has resulted in the demand for residential and commercial realty in this area. As this area is well connected to the other parts of the city, a rapid growth in residential and commercial property can be seen.Real Estate Scenario of Velachery:Velachery is primarily a suburban area. The locality has many inherent advantages for the development of residential real estate. Infrastructure facility is one of the major reasons for the residential attraction. The erection of the twin flyovers has reduced the problem of traffic congestion. Satellite mofussil bus termini, which is an intercity bus service, will be integrated in coming years. There is a good frequency of public transport services in Velachery. There are also some of the well-known educational institutes like Jerusalem College of Engineering, Gurunanak College, Perumal Engineering College, Balaji Dental College presented in this area. The focal point of this area is the IIT Madras.The housing area comprises of flats, villas, townships, etc. Numbers of new projects are implemented in Velachery. There is a huge demand for quality residential spaces in this area. Many home buyers are targeting Velachery for investment as it offers various amenities and facilities. People of all income groups can be seen settling in this vicinity. Doshi Trinity Park by Doshi Housing Limited, Dev Apartments, Sai Sukrta are some of the ongoing residential projects in Velachery. There are number of flats available for rent in Velachery. As rental rates are quite affordable, there is a huge demand for rental house in Velachery. People who have come to the city for employment within the city are on the lookout for residential spaces. House for rent in Velachery finds prospective tenants due to its proximity to the IT corridor and other industries. The residential property prices are reasonable. The price ranges from approximately Rs.5245 to Rs.7000 per square feet depending upon the amenities.There is also a growth of commercial real estate in Velachery. A number of new commercial projects are coming up in this locality. The area offers commercial spaces, malls, showrooms, and good retail shops. Some of the upcoming shopping malls in this area are Phoenix market City, Chennai which is said to be one of the biggest malls in Chennai and PS Srijan Grand Mall. Velachery is also home of several well-known food joints. The area has many reputed schools and colleges. The locality is also rapidly emerging as a hospitality destination. Due to its propinquity to the airport, world-class 5 star and 7 star hotels like Westin Chennai, ITC Grand Chola, and Park Hyatt are sited in Velachery.Velachery has become one of the prime locations in Chennai. The standard of living in Velachery has risen considerably. In coming years, there is a scope for upward growth in the real estate sector of this locality.займ на карту без отказов круглосуточновзять кредит онлайн