Ascent of property developers in Chennai

Nov 18
14:05

2015

Jenny Jonson

Jenny Jonson

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he beautification projects close to these beaches includes creating recreation grounds for playing football and volleyball, making it the hub for investors and property developers in Chennai who are all set to build exclusive apartments in ECR.

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A road that previously connected just a few fishing villages is now considered to be the entertainment corridor of the city thanks to a number of beach resorts,Ascent of property developers in Chennai Articles restaurants and amusement parks. The State Highway 49 or better known as ECR (East Coast Road) has now become the ultimate getaway spot for Chennaiites. The 690 km long road that goes up to Thoothukudi was built in 1998 is now filled with a number of entertainment activity zones making it the perfect getaway spot for the urban crowd.

The highway is now all set to be extended to Kanyakumari connecting all the major fishing hamlets and junctions to the city. East Coast Road that has tremendously developed in the past few years is all set to get a face-lift as few of the beaches on Neelankarai and Kottivakkam are set to be revamped. The beautification projects close to these beaches includes creating recreation grounds for playing football and volleyball, making it the hub for investors and property developers in Chennai who are all set to build exclusive apartments in ECR.

With the increase in population within the city limit, the scenic view and the steady development programs make the plots and Villas in ECR the ultimate place to invest in terms of property. This stretch has now become 'the' place for the rich and famous, so if you want to shrug shoulders with the who's who of town, make sure you invest in a home soon. Letting you choose from residential projects ranging from apartments to individual villas, East Coast Road offers you ideal living opportunities. And with a number of reputed schools, colleges and hospitals mushrooming up in this road, builders are now flooding to create exclusive lifestyle projects that appeal to the elite. Flats for sale in ECR range somewhere between INR 5500 per Sq.ft. to over 12,000 per sq.ft. depending upon the amenities the builder offers.

The ECR link road that connects IT Corridor at Sholinganallur and ECR at Kudumiyandithoppu is over 2 kilometers long and that too is attracting many investors thanks to its close proximity to OMR. The Government is now in talks to widen the highway from Akkarai and that is slated to complete in the next two years. Apart from these developments, the highway will also have a divider put in place that will help prevent accidents during the nights. Bridges near areas like Mamallapuram and Kovalam are expected to broaden too.

Living within the city limits might just force you to live in an apartment, but why not consider purchasing an independent home? Villas in ECR can range anywhere between Rs. 5000 to Rs. 15,000 per sq.ft. depending on the amenities they offer. Most builders today offer facilities like gyms, mini theatre, in-house mall, play ground and swimming pools. If you think buying Villas in OMR or Kottivakkam and plots in ECR would burn a whole in your pocket, you could still invest in individual homes in areas like Uthandi.