Infrastructure Flourishes Property Rates in Velachery

With a troop of optimistic features like leading-edge infrastructure, IT concerns, seamless connectivity, Velachery has certainly reached on the realty firmaments of the city. The area is not only witnessing huge realty growth but also rapid demand for the Velachery flats for Sale. Nowadays, the region is known as a swanky location of the city. Property portal turns the spotlight on this auspicious location. From duplex apartments to individual houses, from builder floor apartments to residential plots, Velachery has an array of residential choices. According to the consumer forum, there are various shareholders and buyers are showing their interest in buying apartments. The property rates in Velachery for the apartments range from Rs. 60-80 lakhs. As per Prop Index, Velachery in the Jan-Mar 2014 quarter and caught the position of the most desired location.

Connectivity:

The region is in close vicinity to the leading IT corridor called OMR (Old Mahabalipuram Road). This is pushing flat prices in Velachery. The area is easily connected to rest of the metropolitan through bus facilities functioned by MTC (Madras Transportation Corporation). Vijaynagar Bus Depot is the most important and largest bus stop in Velachery from were buses ply to several parts of the city. The reason for the surge in property prices in Velachery is also due to these services. Besides, Velachery is well connected through broad gauge rail to the remaining parts of the city by the Velachery MRTS Railway Station. Moreover, the region is placed around 10 km distance from the Chennai International Airport at Meenambakkam. Get access to all these facilities people are wishing to stay at flats in Adyar for sale.

Property Trends in Velachery:

As per the property portals, average flat prices in Velachery ranges from Rs. 5000-5500 per sq. ft. Industry experts say that the region has witnessed a price value appreciation of 10-15% in the past two quarters. Also, the property prices in Velachery are in upward swing over the years. This is mainly due to the over demand for the properties. The cost of the apartment is ranging from Rs. 55 lakh while it will be Rs. 90 lakh for the flats in Adyar for sale.

Infrastructure:

The active and energetic social infrastructure has aided the growth of the region. The residents of the Velachery flats for sale can easily access all the leading facilities like malls, educational institutes, multispecialty hospitals, etc.

Reader’s Profit:

Continued by these features, Velachery has seen a raise in supply of residential units. Hence, this is the time to invest here and yield huge returns in the forthcoming years.