Kolathur Is a Rapidly Growing Residential Realty Destination In Chennai

Real estate in Chennai has witnessed steady growth in specific areas and pockets of the city. Demand for property in Chennai has gone up in Kolathur, one of the city’s fast developing areas. The market for real estates in Chennai has been boosted by Kolathur's popularity. Kolathur is winning in comparison to other markets on account of its strategic location. Kolathur has witnessed rapid development in recent years and is one of the fastest growing localities in North Chennai. Demand for Indian properties has been a little low in several metropolitan cities of the country though Kolathur is one among a few localities that have bucked this trend. The area has witnessed the construction of flyovers for easing traffic congestion along with several infrastructural developments. The metro railway network is also set to be extended to this locality and this will spark heightened progress. Several apartments are available in the locality that are priced between the Rs. 50-70 lakh. The locality also offers easy access to several places like Puzhal, Perambur, Periyar Nagar, Jawahar Nagar, Vinayagapuram, Vajjiravel Nagar, Villivakam and Grand Trunk Road. The latter connects the locality to the Hyderabad-Chennai Highway. Additionally, the Inner Ring Road also runs through the locality while Anna Nagar lies approximately 10 kilometres away from the area. The Chennai Central railway station lies around 15 kilometres away from the locality. The Kumaran Nagar bus depot is also located near the project. Business districts like T Nagar are also accessible from the project while the Loco Works and Villivakam railway stations are also accessible from it.

Prices in Kolathur are quite at par with the trends prevalent for properties in India. Prices of properties in the area range between Rs. 4, 000 and 5, 000 per sq ft. The area is also well connected to several colleges, schools and hospitals. Prices are a little lower as compared to Anna Nagar. Kolathur properties are usually priced between Rs. 25 and 75 lakhs on an average while sizes range between 410 to 1196 sq ft. There are limited options in the area in the price range of Rs. 1 crore. There are several departmental stores and theatres present in the area as well in addition to a leading IT Park.