Located in the Kancheepuram district of Tamil Nadu, Urapakkam is the entryway to South Chennai. Already a suburban locality its developing infrastructure and connectivity to various places like Tambaram, Pallavaram, Chromepet, Chitlapakkam and Thiruneermalai make the area grow into an upcoming residential locality. The reasons that make Urapakkam a perfect affordable housing destination are listed below.
1. Infrastructural Growth
This area is one of the oldest and well-planned localities of the Chennai city. The increasing urbanization, manifold growth of business and job opportunities has made the professionals migrate to this city from across the country. Thus, the infrastructural development of Urapakkam to make life easy here is the major reason for this area turning into a hotbed for affordable housing.
2. Presence of Establishments
This southern city has several reputed educational institutions like Saraswathi Matriculation School along with healthcare centre like Arokia Annai hospital and shopping arcades like Gold Souk that ensures a smart and modern-day living while offering the exposure to groom the young brains for future.
The availability of these establishments with the offices of various reputed multi-national companies makes Urapakkam an ideal living destination. The professionals coming in from other cities consider all these features and thus the demand for affordable housing units here has increased.
3. Smart Connectivity
The strong road and rail network in Urapakkam minimize the issue of traffic congestion and thus commutation to and from here is not a problem. The Chennai Bypass Expressway, Grand Southern Trunk (GST) Road, Vandalur-Kelambakkam Road and Outer Ring Road (ORR) offer smooth intra-city connectivity. The Tambaram bus stand and railway station make both the networks strong.
Urapakkam also has quick connectivity to the Chennai International airport that is 20kms away but traveling via Trichy-Chennai highway takes less time.
4. Proposed Developmental Projects
Urapakkam is expected to witness a boom in the demand for residential units and this prediction is made as the State Governments plans the expansion of Chennai Metropolitan Area [CMA] by seven folds. This delimitation will bring in various localities under CMA’s jurisdiction. The entire city will be covered under this expansion.
The proposed Phase II of the Outer Ring Road (ORR), that will connect Minjur in north to Vandalur in south will also boost the property market in the locality.
The proposed satellite bus terminus that will cover more than 50 acres of land will add new dimensions to Urapakkam locality. This proposed development will give a facelift to the realty market here as professionals and students seek accommodation close to work and other places.
5. Property Price Trend
Situated in South Chennai, the unit cost of a residential apartment ranges between Rs. 3,145 and Rs. 3,655 per sqft. The unit value of independent floor in the locality falls between Rs. 2,762 per sqft and Rs. 3,485 per sqft.