Homeowners searching for an affordable property in Chennai should certainly consider Korattur as this locality has affordable homes surrounded by good amenities. Korattur lies between the lively locality of Anna Nagar and the more industrially inclined Ambattur. Korattur has been known to have had residential properties from as far back as fifty years ago.
A Planned Yet Affordable Locality
Unlike many other regions, residential properties in Chennai at Korattur have been built according to a plan by the Tamil Nadu Housing Board the layout of which was created in the 1950's and 1960's. Unlike many other localities which have suffered from poor planning and where development has hence been chaotic, Korattur, since it was well planned in advanced, is quite well organized. Those who wish to buy a house in Chennai at Korattur should bear in mind that prices here range from 6,000 to 9,000 rupees per square foot. Rental values here for a 2 BHK house range from between 15,000 rupees to 18,000 rupees per month.
A Close Proximity to A Bursting Hub
Korattur is on the outskirts of Chennai, however the reason for this regions attractiveness is that it is in close proximity to Anna Nagar which is a fully developed micro market. Anna Nagar and Korattur are only seven kilometers apart. Other reasons which make Korattur an attractive region at which to own property in Chennai is the presence of a suburban railway line which connects this region to others in Chennai. Additionally the presence of good road transport in the form of autorickshaws and busses also make owing real estate at Korattur attractive.
Distant Yet Connected
Realty experts claim that residents of Korattur enjoy easy connectivity to regions such as Chennai Central, Kilpauk, Kolathur, Ambattur and Anna Nagar. Additionally the NH 205 connecting Chennai to Andhra Pradesh is only a few minutes from Korattur. Experts also believe that the construction of the new metro line connecting Madhavaram to Siruseri shall provide Korattur better connectivity to the rest of Chennai. Once the mentioned metro line is completed, projects in Chennai, in and around Korattur will benefit not just from better connectivity to the surrounding areas but also from an appreciation in the value of existing homes in the region.
Excellent Preexisting Infrastructure
The locality of Korattur looks poised for unrestrained development as it is the backdrop of many new residential apartments in Chennai. Many existing Tamil Nadu Housing Board flats are being replaced by newer, swankier apartments in Korattur. Realtors and builders in Chennai are also eager to develop this region due to the pre existence of the well developed social infrastructure which is crucial to attract new investors to any region. Social infrastructure in the form of schools, colleges, and hospitals is present at Korattur and every street in the locality has metro water connectivity and a sound sewage system as well.
What the Future Holds
With the presence of two large water bodies such as Korattur Lake and Puzhal Lake, Korattur does not suffer from any dearth of portable water supply which is otherwise a common complaint in Chennai. Insiders believe that within a few years Korattur will become a thriving center for IT and ITeS. It is believed that organized retail in the form of branded showrooms and malls shall being to take off in Korattur within two to three years.
Conclusion
Within a few short years, property in Korattur, just as in Guindy, may become a darling for investors eager to own property in Chennai. Ample green cover in the locality also makes it one of the most attractive places to own affordable real estate in Chennai
