Located in the Northern part of Chennai, Kolathur is a developed residential locality which is surrounded by several other developed and posh areas like Vinayagapuram, Perambur Puzhal, Villivakkam etc. Due to recent infrastructural developments, the locality has become favourable among many home buyers who are looking to invest here.
Kolathur falls on to Grand Southern Trunk road (GST) and Chennai Bypass Road that further connects it to the other localities of the city. Through GST road, one can reach the Chennai international airport and Central railway station without much hassle. Kolathur residents can also access the Inner Ring Road (IRR).
Also, the locality is located within 3-5 km of distance from areas like Anna Nagar, Perambur and Villivakkam. This makes Kolathur easily approachable to Villivakkam and Perambur railway stations, while Kolathur residents can also use Moogambikai bus stop to commute within the city.
Kolathur is home to many landmark locations that make this place a flourishing investment destination. It boasts many leading educational institutions, hospitals, malls, recreation, entertainment centres as well as temples. Some of the popular among all include Bharath N & P School, Maaya Speciality Hospital, Shirdipuram Sarva Shakthi Peedam, Donbosco School, Ganga Cinemas, Ishen Martial Arts India, Daikin Solution Plaza, kalam IAS coaching centre etc.
As Kolathur, is located near various IT hubs, establishments such as Tata Consultancy, HCL, Ambit IT Park and India Land IT Park drive demand for residential properties by professionals working in these places. Besides, Kolathur is one of the nearest residential locations located near the Ambattur Industrial estate belt, which is also contributing to the demand.
Real Estate Market
The area has seen massive development in recent years which has shifted the interest of property buyers to Kolathur. Also, infrastructure developments such as roads and new flyovers with good transport facility led to the growing demand for properties in the area.
Also, the area is favourable among many homebuyers, who are looking to invest in affordable properties. At present, the average property price in the locality is Rs 5,349 per sqft. However, it hovers in between 4,386-6,313 per sqft depending upon the size and configuration of the property.
As per experts, Kolathur properties make a viable proposition for real estate investors who have a horizon of 2-4 years.