Situated in South Chennai, Urapakkam is getting high rental values. The locality has seen a rise of 25 per cent in rental values in the Apr-Jun 2013 quarter. Connectivity and development of IT parks in and around the vicinity has turned in its favour.
Urapakkam relates to the Kanchipuram District and lies between Vandalur and Guduvancheri. Corridors like Vandalur-Kelambakkam Road, Oragadam-Sriperumbudur Road, and the Outer Ring Road (Vandalur to Minjur) are also in close proximity. Tamabaram is also about 8-km away.
Due to its proximity to these roads and areas, the IT Parks and companies such as Shriram Gateway SEZ, L&T Estancia SEZ (Maveric Systems, Photon Infotech) and Mahindra World City (Infosys, Wipro, Capgemini, MindTree, Tech Mahindra, BMW, Renault Nissan, TVS Group, Mahindra Research Valley, Fujitec, etc.), MEPZ, (Cognizant, CSC, HTC Global Services, Thinksoft, etc.), Krisp IT Park and Ford India Pvt Ltd are also easily accessible.
The employees who work for these companies are creating the rental demand in the locality. The area is in high demand which is further pushing the demand up. Urapakkam is well equipped in terms of rail and bus services. The railway station is about 4-km away. There are two bus stops as well in the locality.
Apart from this, the locality offers a wide range of rental options. 2 and 3BHK units are available within a range of Rs 5,500-22,000 per sq ft. These flats give options from raw to furnished. Along with basic amenities such as 24-hours security, water supply, a high range of rented accommodation is available with inverter facility, AC, refrigerator, modular kitchen, Wi-Fi and internet facilities, closed covered car parking, ample 2-wheeler parking space and club house with functional gym etc.
Social infrastructure such as ATMs, banks, schools and colleges are also present here. Shri Sankara Vidyalaya Matriculation School, Saraswathi Vidyalaya Matriculation School, Vidya Mandir – CBSE School, L&T Estancia, Crescent School Sri Ramanujar Engineering College, Kolapakkam, Vandalur, SRM University, Valliammai Engineering College and Tagore Engineering College are some educational institutions present in the area. Hospitals such as Arokia Annai Hospital and SRM Hospital are also in close proximity.
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Courtesy :Real Estate News and Trends in India
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