Buyer interest in residential assets is memorizing in urban center, because the costs of homes have remained flat and interest rates have softened. The interest is principally from the tip users UN agency avail of housing loans to take a position in houses; therefore specialists say that this sector would get a positive stimulus if loaning rates area unit lowered any. On a similar note, the final agreement is that costs of homes area unit unlikely to come back down.
Besides the previous residential areas like Pakistani monetary unit Nagar, Adyar, Egmore and Nungambakkam, areas that were once on the outer boundary of the town like Alandur or Vandalur, area unit currently turning into popular home patrons.
According to analysis, concerning twenty fifth of flats launched within the last seven quarters in urban center haven’t been sold-out. Contrary to expectation, housing costs haven’t born, however haven’t hyperbolic either. This has brought cheer to the house vendee UN agency intends to use the house for his own purpose.
So wherever is Alandur?
Though Alandur is one among the zones at intervals the urban center Corporation limits, it’s a taluk in Kancheepuram district. This neighborhood is near to the St Thomas Mount military quarters and also the Officer coaching Academy. the space between Alandur and Guindy, AN industrialised neighborhood, 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 people who area unit utilized in these places. it’s additionally an honest neighborhood to shop for a house as AN investment, because it would be straightforward to that lend. Since the world falls at intervals the bounds of the urban center Corporation, it’s civic amenities like sewerage connections, electric pig, electricity and then on.
Connectivity
Kathipara Junction is in Alandur, therefore there area unit many interstate buses likewise as buses to different cities in state that halt here. the closest train depot is at St Thomas Mount. The Alandur tube station are going to be on Line one and a pair of of the urban center tube.This can be one among the 2 tube stations wherever passageway I (Airport to Washermanpet) will run across passageway II (Chennai Central – St Thomas Mount, via Egmore) and also the urban center 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 mutually of the 5 stations of the urban center tube which can be born-again into industrial hubs. The station will have a one.18 large integer area unit building with a basement and stilt for parking is additionally being planned.
In addition to the current, the military quarters Board plans to line up 3 air conditioned bus shelters at Asar African nation junction, close to the tube station. this is able to become AN intermodal transport hub. The shelters area unit to hide a region 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, drinkable and low hawking machines.
Impact of transport infrastructure on housing
Research has shown that land costs area unit probably to understand particularly close to tube and Railway stations. therefore it’s an honest time for people who would like to shop for property in Alandur; people who have already purchased property area unit on an honest wicket.
Phase I of the urban center tube rail from Koyambedu to Alandur has become operational since July 2015. This development has generated the interest of home patrons right along the ten kilometre stretch ranging from Pakistani monetary unit Nagar West, Koyambedu, Vadapalani, Ashok Nagar, Ekadunthangal and Alandur.
