Taramani
has nearly turned out to be synonymous with Chennai's IT big tale and has been
attracting the interest of realestate
in Chennai builders and buyers for many years.
Located
in the southern part of Chennai, Taramani is popularly known as the Rajiv
Gandhi Salai stretch is one of the few locations in the town in which offer
quite some land parcels and new residential projects. Placed adjacent to Adyar,
Thiruvanmiyur, Velachery and Perungudi, it houses a number of the town's
prominent IT parks like Tidel Park, Ascendas and TCS to name some.
This
region has been known as the IT stretch for many years, but from the past few
years the locality being converted into a residential hub which additionally
enjoys top connectivity to the rest of the city in addition to the outskirts.
It is noteworthy, that in past few years many instructional institutes too have
mushroomed inside the location.
A
property consultant working in this area said that appropriate social
infrastructure and adequate vacant spaces have brought benefit in this
vicinity. Many new commercial institutions are rising and this in flip has
caused positive market sentiments. Even in terms of amusement, there are many
alternatives to pick from.
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Additionally,
he commented on factors that have caused the hike inside the demand of real property
within the location. He said that the property right here is tremendously
cheaper and the locality is in close proximity to some of IT agencies, many IT
professionals are moving base to Taramani. Due to high traffic movement in the
town, safety worries and lengthy working hours, many city dewellers that it is
a superb choice for an alternative housing. Because of the massive potential
for growth in Taramani and its surrounding region, housing initiatives right
here have also caught the eye of NRI traders. The Chennai
property market has been moving in the positive direction due to
the development in this area.
Even
though there are several positive factors which are driving the growth of this
area, however there some demanding situations too. "One factor which is
worrisome is that there's a delay in the expansion plan of Taramani Link
Roadway and construction of hurricane water drains for this stretch has no
longer but taken location. In the absence of such fundamental civic
facilities will have an effect on the actual property potentialities in the
area and accordingly needs to be quick taken care of out.
A
director of a renowned property corporation feels that small and medium
belongings segments had been doing well. He further said that people rely upon
repayment through EMI's for best housing initiatives. In addition to the
residential sector, PG accommodations and hostels that cater to the
requirements of students and professionals are also available in Taramani. The
value of a 2 BHK unit is about 50 lakhs for a 1,200 square Ft residence unit
and the apartment rental varies from Rs.7, 000 to Rs.12,000 and Rs.14,000 to
18,000 for two BHKs and three BHKs respectively.
Taramani
is new hotspot in real estate projects in Chennai, which will develop in the
coming years.
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