Buyer interest in residential assets is reading in metropolis, because the costs of homes have remained flat and interest rates have softened. The interest is especially from the top users United Nations agency avail of housing loans to speculate in houses; therefore consultants say that this sector would get a bonus if disposition rates are down more. On constant note, the overall accord is that costs of homes ar unlikely to return down.
Besides the previous residential areas like Pakistani monetary unit Nagar, Adyar, Egmore and Nungambakkam, areas that were once on the fringe of the town like Alandur or Vandalur, ar currently turning into popular home patrons.
According to analysis, concerning twenty fifth of flats launched within the last seven quarters in metropolis haven’t been sold-out. Contrary to expectation, housing costs haven’t born, however haven’t inflated either. This has brought cheer to the house emptor United Nations agency intends to use the house for his own purpose.
So wherever is Alandur?
Though Alandur is one in every of the zones among the metropolis Corporation limits, it’s a taluk in Kancheepuram district. This neck of the woods is getting ready to the St Thomas Mount bivouac and also the Officer coaching Academy. the gap between Alandur and Guindy, AN industrialised neck of the woods, is 3 km, whereas Adambakkam is simply one.4 km away.
Alandur’s proximity to info Technology parks likewise as several industrial estates has been a and purpose for those that ar utilized in these places. it’s additionally an honest neck of the woods to shop for a house as AN investment, because it would be simple to that hire out. Since the realm falls among the bounds of the metropolis Corporation, it’s civic amenities like sewerage connections, kitchen appliance, electricity so on.
Connectivity
Kathipara Junction is in Alandur, therefore there ar many interstate buses likewise as buses to alternative cities in Madras that halt here. the closest train depot is at St Thomas Mount. The Alandur railway system station are going to be on Line one and a couple of of the metropolis railway system.This can be one in every of the 2 railway system stations wherever passageway I (Airport to Washermanpet) will meet passageway II (Chennai Central – St Thomas Mount, via Egmore) and also the metropolis Mofussil Bus Terminus. it’s slated to be Chennai’s multi level train depot and also the solely station wherever passengers from the 2 corridors will modification their direction of travel.
Infrastructure
The Alandur station has been known united of the 5 stations of the metropolis railway system which can be regenerate into industrial hubs. The station also will have a one.18 100000 area unit building with a basement and stilt for parking is additionally being planned.
In addition to the current, the bivouac Board plans to line up 3 air conditioned bus shelters at Asar African country junction, close to the railway system station. this may become AN intermodal transport hub. The shelters ar to hide a locality of 370 area unit wherever thirty two passengers will sit and quite forty will stand. These shelters can have AN ATM, CCTV security guards, public urinals, water and occasional selling machines.
Impact of transport infrastructure on housing
Research has shown that land costs ar possible to understand particularly close to railway system and Railway stations. therefore it’s an honest time for those that would like to shop for property in Alandur; those that have already purchased property ar on an honest wicket.
Phase I of the metropolis railway system rail from Koyambedu to Alandur has become operational since Gregorian calendar month 2015. This development has generated the interest of home patrons right along the ten metric linear unit stretch ranging from Pakistani monetary unit Nagar West, Koyambedu, Vadapalani, Ashok Nagar, Ekadunthangal and Alandur.
Social Infrastructure
Alandur features a range of excellent colleges like PSBB Millennium faculty and Earl of Leicester highschool, to call simply 2. a number of the previous places of worship also are set here. the realm additionally features a two hundred year previous grocery market.
