In the dynamic tapestry of Chennai’s real estate sector, a new gem is emerging, casting a radiant glow over the city’s horizon with its vast potential and promises. The Kelambakkam-Vandalur road, with its historical roots stretching back to the Pallava era, has transformed into a bustling real estate hub, quickly becoming the next big thing after OMR. This area masterfully blends affordability with a future teeming with opportunities, presenting a compelling alternative as property prices in the OMR region continue to rise.
Strategic Location and Enhanced Connectivity
At the core of Kelambakkam-Vandalur road’s appeal is its strategic positioning, serving as a vital link between the OMR and GST highways. This not only positions it as an ideal residence but also as a central business zone, promoting smooth logistics and strong customer relations.
Recent infrastructural advancements, like the launch of India’s largest Bus Terminus and the expansion of Chennai Metro Phase III, have significantly improved accessibility, turning the area into a vibrant, well-connected urban hub. The extension of Kelambakkam-Vandalur road is a key infrastructure upgrade expected to boost connectivity, decrease travel times, and stimulate economic activities, leading to increased investments, business growth, and a rise in residential development, which will positively shape the region’s socio-economic fabric.
Booming IT Sector
The Kelambakkam-Vandalur road is witnessing an influx of IT companies, positioning itself as the nucleus of a flourishing urban landscape. Driven by a talented workforce and superior connectivity, the region is not only attracting businesses but also promoting job creation and significant economic expansion.
Educational Hub
Kelambakkam-Vandalur road stands as a central educational hub, hosting prestigious national and international schools, as well as leading institutions like VIT Chennai, SRM Institute of Science and Technology, and Hindustan University. The road’s proximity to these institutions ensures easy access for students and faculty alike, fostering a vibrant educational atmosphere and attracting students from surrounding areas, thereby solidifying its status as an educational centre. This blend of top-notch educational facilities and strategic location underscores its role in driving economic growth while nurturing vital intellectual resources for the region’s continued development.
Comprehensive Social Infrastructure
Beyond its economic potential, the area boasts a well-rounded social infrastructure, encompassing multi-specialty healthcare facilities, entertainment centers, and shopping malls. This amalgamation of amenities creates a self-sustaining and convenient living environment for residents, establishing Kelambakkam-Vandalur road as the core of a thriving community.
Affordability and Investment Potential
The journey to Kelambakkam-Vandalur road is marked not only by aspirations but also by affordability. Property prices in this locale are considerably lower than those in OMR, making it an appealing choice for both homeowners and investors. Furthermore, the area offers a higher rental yield, with potential returns ranging from 7-9%, outperforming the 5-6% average in OMR. Its proximity to OMR and key IT hubs ensures a substantial tenant pool, securing consistent rental occupancy.
Smart Investment Opportunities
In the ever-changing realm of real estate, Kelambakkam-Vandalur road exemplifies progress and evolution. It represents a wise choice for those seeking high rental yields, long-term capital growth, or an affordable yet desirable place to live. With continuous development, improved infrastructure, and inherent advantages, investing early in Kelambakkam-Vandalur road is a strategic move in Chennai’s real estate chess game. The path to a holistic life, abundant opportunities, and a flourishing community begins here.
Expert Opinions
Sanjay Chugh, the city head & director of Anarock Property Consultants, highlights the significance of the 20-kilometer stretch between Kelambakkam and Vandalur, noting its excellent physical infrastructure and the recent inauguration of the Mofussil Bus Terminus at Kilambakkam, which further boosts the prominence of Kelambakkam-Vandalur road. With its array of reputable educational institutions and residential developments, he predicts a near-term appreciation in capital values.
B Sreenivasa Rajeev, senior director of residential services for Bengaluru & Chennai at JLL Property Consultants (India), describes Kelambakkam-Vandalur road as Chennai’s emerging realty hotspot. Sparked by smart government investments like the new bus terminus and upcoming metro station, the area is transforming into a connectivity hub. Already well-linked to both OMR & GST road, it attracts young professionals, families, and visionary investors, brimming with potential and poised to become Chennai’s most sought-after address, promising a vibrant future for its residents and investors.