In the vibrant fabric of Chennai’s real estate landscape, a new star is on the rise, illuminating the city’s skyline with promise and potential. The Vandalur-Kelambakkam Road, once a quiet region with Pallava-era roots, has blossomed into a thriving real estate hotspot, earning its stripes as the next big hotspot after Old Madras Road (OMR). This burgeoning locality seamlessly combines affordability with a future brimming with prospects, making it an attractive alternative as property prices soar in the OMR region.
B Sreenivasa Rajeev, senior director, residential services, Bengaluru & Chennai, JLL Property Consultants (India), “Vandalur-Kelambakkam Road is Chennai’s emerging realty hotspot. Fuelled by smart investments by the government such as the new bus terminus and upcoming metro station, the region is evolving into a connectivity hub. The road is already well-connected to both OMR and GST road. It’s attracting young professionals, families, and visionary investors. Vandalur-Kelambakkam Road isn’t just growing; it’s brimming with potential. Keep a lookout – this locale is poised to be Chennai’s most coveted address, promising a vibrant future for residents and investors alike.”
Strategic location and connectivity
- At the heart of Vandalur-Kelambakkam’s allure lies its strategic location, acting as a central connector between OMR and GST highways. This not only makes it an ideal choice for residents but also positions it as a hub for businesses, facilitating seamless logistics and robust customer engagement.
- Recent developments, such as the inauguration of India’s largest bus terminus and the expansion of Chennai Metro Phase-III, further enhance accessibility, transforming the area into a well-connected and dynamic urban center.
- The Vandaluru-Kelambakkam Road extension is a crucial infrastructural upgrade poised to enhance connectivity, reduce commute times, and spur economic activities. Anticipated benefits include increased investments, business growth, and a subsequent rise in residential expansion, shaping the region’s socio-economic landscape positively.
IT sector growth
- Witnessing a surge in IT companies, Vandalur-Kelambakkam Road is evolving into the epicenter of a thriving urban landscape.
- Fueled by a skilled workforce and excellent connectivity, the region is not just attracting businesses but also fostering job creation and substantial economic growth.
Educational facilities
- The Vandaluru-Kelambakkam Road doesn’t just serve as a central point for economic activities; it also functions as a core educational hub. It houses prestigious national and international schools, along with leading institutions like VIT Chennai, SRM Institute of Science and Technology, and Hindustan University, making the area a haven for education.
- The proximity of these institutions to the road ensures convenient access for both students and faculty, contributing to a lively educational environment.
- Attracting students from nearby areas, the Vandaluru-Kelambakkam Road firmly establishes itself as an educational center. This combination of excellent educational facilities and a strategic location highlights its role in fostering economic growth while nurturing crucial intellectual resources for the region’s ongoing development.
Comprehensive social infrastructure
- Beyond its economic prospects, the area boasts a comprehensive social infrastructure that includes established multi-speciality healthcare facilities, entertainment hubs, and shopping malls.
- This confluence of amenities creates a self-sufficient and convenient environment for residents, positioning Vandalur-Kelambakkam Road as the heartbeat of a flourishing community.
Sanjay Chugh, city head & director of ANAROCK Property Consultants said, “The 20 kilometer stretch between Vandalur and Kelambakkam boasts of good physical infrastructure in terms of a motorable road connecting the IT corridor of OMR to the IT/Manufacturing corridor of the GST Road. With the recent inauguration of the Mofussil Bus Terminus at Kilambakkam the prominence of the Vandalur – Kelambakkam is further enhanced. Dotted with reputed educational institutions, residential plots and apartment development, this stretch is bound to appreciate in capital values, in the near future.”
Affordability and rental yields
- The Vandalur-Kelambakkam Road is paved not only with aspirations but also with affordability. Property prices here are significantly more reasonable compared to OMR, making it an attractive option for both homeowners and investors.
- Moreover, the area boasts higher rental yields, with potential returns ranging from 7-9%, surpassing the 5-6% average in OMR. Proximity to OMR and key IT hubs ensures a substantial tenant pool, guaranteeing consistent rental occupancy.
Smart investment for the future
- In the dynamic world of real estate, Vandalur-Kelambakkam Road stands as a testament to evolution and progress. It presents a promising choice for those seeking high rental yields, long-term capital appreciation, or an affordable yet desirable residence.
- With ongoing development, improved infrastructure, and inherent advantages, investing early in Vandalur-Kelambakkam Road is a strategic move in the ever-evolving chess game of Chennai’s real estate market. The road to a holistic life, abundant opportunities, and a flourishing community begins here.
- For those eyeing long-term gains, Kelambakkam’s current capital appreciation rates are a testament to the significant rewards for early investors. Its strategic location makes it an attractive entry point for first-time investors or those with more modest budgets.
Finally, Vandalur-Kelambakkam Road stands at the forefront of Chennai’s real estate revolution, offering a unique blend of strategic advantages, affordability, and future growth. With its evolving landscape and promising prospects, early investment in Vandalur-Kelambakkam Road emerges as a wise choice for those looking to capitalize on the city’s dynamic real estate market.
Note: This is a sponsored article.
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