Perungudi and Thoraipakkam-sister neighbourhoods in the heart of the IT corridor

The OMR is a stretch of road connecting Madhya Kailash in South Chennai to Mahabalipuram. The first phase or the IT corridor runs for 20 kilometres connecting Madhya Kailash and Siruseri. While the areas closer to Siruseri mostly serve the crowd from the IT sector, the areas closer to Madhya Kailash have become an emerging residential locality for investors in general due to the convenient distances to Adayar and other older parts of the city. Two of the best equipped areas are Perungudi and Thoraipakkam, separated by the Perungudi toll gate, with Perungudi before the toll and Thoraipakkam after.

The Perungudi toll plaza
The Perungudi toll plaza

Being a resident of Perungudi myself, I have seen how the area has come up over the past eight years. The initial couple of years were difficult, after having lived in a well-established residential area like Besant Nagar, Perungudi seemed like a village. We made bi-weekly trips to Adyar for all our provisions and entertainment, constantly complaining about the lack of facilities in Perungudi. Somewhere along the way however, it all changed. The area came up slowly at first, and then suddenly, there was everything. From grocery stores to high-end gyms to clothes stores-Perungudi has it all.  Our bi-weekly trips became weekly, and in the past two years or so have been only to go visit friends or to go somewhere specific.

View of the OMR connecting Perungudi and Thoraipakkam
View of the OMR connecting Perungudi and Thoraipakkam

Then there is Thoraipakkam. A sort of sister neighbourhood, Thoraipakkam is connected better to Pallikaranai and Velachery the way Perungudi is to Adayar. Between the two localities, a resident has easy access to most of the localities in Chennai. The two areas supplement each other, ensuring that between them they cover all the facilities that a family might need.

Ease of access: Perungudi and Thoraipakkam are served primarily by the OMR, which makes getting to either the city or to the IT companies further down the OMR less than a half hour journey. The Taramani and Perungudi MRTS stations serve both the Perungudi and Thoraipakkam areas. Several bus stops are located on the OMR with frequent AC Volvo buses to every part of the city. The Small Bus service also helps commuters reach the interior areas. The airport is much more easily accessible via the 200 feet road making the travel time less than half an hour, adding an extra 10 minutes from Perungudi.

Education: There are three major schools in the area-all small but offering quality education- Abacus Montessori School, Sishya School and APL Global School, all within 3 kilomtres. The educational institutions in Adyar and Velachery are also easily accessible to residents of Perungudi and Thoraipakkam.

Healthcare: The Apollo Hospital in Perungudi and the Kamakshi Hospital in Pallikaranai serve Perungudi and Thoraipakkam respectively with quality healthcare offered to its’ patients.

Apollo hospital in Perungudi [Source: Google Images]
Apollo hospital in Perungudi [Source: Google Images]

Fitness: An array of swanky gyms have opened up in Perungudi, making fitness a much more pleasurable experience. The Quad offers alternative fitness methods, while Slam gym and Flux Fitness are high class gyms that anyone would love to work out at.

Groceries and supplies: With two branches of Nilgiris between Perungudi and Thoraipakkam, and a host of other convenience stores located in and around, one does not have to go more than a kilometre for all their needs. Electronics stores are also located around the area, with Poorvika for mobiles, and other showrooms for electronic items. There are also service stations for Hyundai, Honda and Ford located in Perungudi making life easier with additional pick-up services.

Workplaces: Being the IT corridor, the areas in and around the OMR host a multitude of IT parks. RMZ Millenia, SP infocity and Prince IT park are a few that are located in Perungudi. Cognizant has an office in Perungudi as well. Thoraipakkam is home to the Chennai One IT park. These few in themselves are enough to account for over half the population that has moved in to this area in the past five years.

SP Infocity at Perungudi
SP Infocity at Perungudi

Keeping these factors in mind, I would advocate for this area. The interiors of Perungudi and Thoraipakkam, while they may seem village-like, have an aura of peace and calm far away from the traffic of the city. While the areas closer to Siruseri can be a little inaccessible to the city, Perungudi and Thoraipakkam have the advantage of striking that important balance between the distance to the city and the distance to the workplace. With prominent builders like Plaza, BBCL and Akshaya Homes having holdings here, one need not be worried about the quality of the home they are investing in. If you are looking to invest, here are some approximate prices of apartments in the area:

BBCL Nakshatra: With 1, 2 and 3 bhk apartments, Nakshatra is conveniently located on the Corporation road in Perungudi. The prices range from around 45 lakhs for 1bhk, 69-71 lakhs for 2bhk and 99lakhs to 1.07 cr for a 3bhk.

Plaza Green Acres: A well-established apartment in Perungudi, the rent for Green Acres starts at 16 thousand rupees for 2bhk and 25 thousand rupees for the 3bhk.

Radiance Mandarin: The upcoming project has 1, 2, 3 and 4 bhk apartments in the price range of 44 lakhs to 1.71 crores.

Amara Akasha: A high rise tower of luxury apartments, the sizes for 3bhk start at 2456 sq.ft and 4bhk at 4259 sq.ft. The prices for the same range from 2.45-4.39 crores.

Godrej Azure – The Specifics

The development of the OMR as the IT hub of Chennai has seen a slew of modern apartment complexes rising on this road. From a reputed builder like Godrej Properties, Azure is one of the apartments that has come up around the SIPCOT IT Park at Siruseri. In an area where apartment complexes are a dime a dozen, Godrej Azure is likely to gain traction with investors because of the reliability of the brand and the quality of the construction.

Godrej Azure, model apartment, View of the living room looking out onto the balcony
View of the living room from the model apartment

This property—having been launched only recently—is one of Godrej’s premium ventures. As with most properties located in the suburbs of the city, a huge attracting factor is the view from the complex. In Azure, this view is taken literally to the next level. The proximity, as the crow flies, to the East Coast Road (ECR) offers the residents of the higher floors unobstructed views of the ocean.

Godrej Azure: Layout and Basic Specifications

The 8 acre property ‘Azure’ offers affordable 2 and 3 BHK flats set away from the hustle of the city, while offering all the amenities required for comfort living. The complex promises to have a serene atmosphere with world class amenities, with about 50% of the area being open and landscaped. The complex is also ideal for weekend getaways with Mahabalipuram being a mere 30kms away and Puducherry 120kms away.

The property has 2 and 3 BHK apartments designed with the optimal usage of space. In addition to this, special compact 2 and 3 BHK flats are another option provided by the developer.

The project is divided into 11 blocks, each named after a precious stone. The design of this complex has been done with some creativity, with the blocks arranged in a staggered format that create niches of open space for the apartments to look into.

You could also take a look at Godrej’s other project in Chennai, Godrej Palm Grove.

Godrej Azure: Amenities

Azure has also diversified from the mainstream amenities and proposed some new ones for the residents’ pleasure. A sky lounge allows one to enjoy the greenery around the complex and the impressive views that are available away from the city hustle. An infinity pool and spa is perfect for a relaxing time after a hectic day of work. Apart from these are the regular facilities like a well-equipped clubhouse, swimming pool, and basketball court. Private gardens and a public terrace promise to make evenings the most awaited time of the day. A 24-hour power supply wraps the whole project up, ensuring there is never any discomfort.

For the kind of facilities that seem to be on offer, this complex is a good option for all types of families, whether young or old. The options of compact houses make the decision easier for potential investors. The complex is due to be handed over in March 2019.

Current status of construction
Current status of construction

Godrej Azure: Prices

The new launch Tower 3, Olivine, is being offered at Rs. 3999 per sq ft. While, the sea-facing Tower 9, Topaz the new launch again, is being offered at Rs. 4099 per sq ft. There is also no charge for floor rise for limited units/ period. This comes up to around Rs. 51.63 lks for 1029 sq. ft. and 73.58 lks for 1455 sq. ft. in the block Olivine, and 53.79 lks for 1009 sq. ft. and Rs. 1.01 crores for 1916 sq. ft. in tower Topaz.

Choice of units in Tower 3, Olivine –

2BHK – 1029 sq ft (starting Rs. 51.63 lks)

3BHK – 1226 sq ft, 1455 sq ft (starting Rs. 62.71 lks)

Choice of units in Tower 9, Topaz –

2BHK – 1001,  sq ft (starting Rs. 53.79 lks)

3BHK – 1226 sq ft, 1442 sq ft, 1916 sq ft (starting Rs. 66.11 lks)

(prices dont include government taxes and duties)

Godrej Azure: View of the master bedroom of the model apartment
Master bedroom of the model apartment

This early bird offer on Godrej Azure is for limited units, and investors may want to make the most of what Godrej is offering.

Godrej Azure, OMR – Location Advantages

The OMR has become a goldmine for property investors in Chennai over the past five years. Ever since the SIPCOT IT Park started functioning, there has been a huge influx of people to the area. The distance from the city is a huge factor, and it is not feasible anymore for employees of the vast IT Park to travel 60-odd kilometers a day to and fro  from work. This has therefore led to the development of several housing complexes of various types-from high rise apartment complexes to row houses to villaments. The development is all along the OMR, from Perungudi to Siruseri. Of these complexes, Godrej Azure by the reputed Godrej Properties Group is one that is under development at Padur, just three kilometers from the SIPCOT Park.

This proximity of the Godrej Azure residences to the IT park will be a huge attraction for the employees working here. With a higher standard of life, and the assurance of the Godrej brand, Godrej Azure promises to be a distinguished development along this stretch of Chennai’s IT highway. Here we list down few reasons that make Godrej Azure’s location quite promising.

Proximity to the workplace

The OMR has an abundance of IT parks (TCS, Newgen, Hexaware, Syntel, CTS, HCL, WIPRO, IGATE etc) that are within a 20 minute drive from the complex. Breakfast needn’t be the most neglected meal of the day with travel times as less as these. It also gives residents time to maintain a fit lifestyle in the morning using the many amenities provided in the complex.

Godrej Azure: Education

There are many schools on the OMR that have come up now to cater to the residents that are moving to the OMR. A few that are within a half an hour drive of Godrej Azure are PSBB Millennium, Gateway International School and BVM Global. A little further away, at around 30 minutes, are Sishya OMR and Abacus Montessori School that offer ICSE syllabus. APL Global School at Thoraipakkam offers the IGCSE syllabus. There are an abundance of colleges on the OMR for further education. Reputed private institutions like Hindustan University (2.5 kilometers), SRR Engineering College (0.5 Kms) and Sathyabama University (12 minutes, 8 kilometers) are located here.

Healthcare around Godrej Azure

Chettinad Health City, one of the leading healthcare institutions in the city, is located 3 kilometers away from Godrej Azure, at Kelambakkam. Apart from this is Global Hospitals at Shollinganallur, further away at half an hour (13.8 kilometers).

Picture of the Apollo Cradle Maternity Hospital from the main road close to Godrej Azure, Chennai
Apollo Cradle Maternity Hospital close to Godrej Azure, Chennai

Connectivity to and from Godrej Azure

The OMR is very well connected by bus, with the option of AC Volvo buses to the city also appearing every half hour. The closest MRTS station is at Taramani-35 minutes (19 km) away. The Chennai International Airport is an hour away, via the GST Road. Chennai Central Railway Station is located 33 kilometers away.

Entertainment

Perhaps the best part about this location is the proximity to the ECR. This opens up a plethora of activities to make the weekends something to really look forward to. Dakshina Chitra is a one of a kind experience for anyone, and from personal experience I can say that it was some of the best experiences I had as a child. Theme parks like MGM Dizee World and VGP are also located on the ECR. Multiplexes like Mayajaal and AGS Cinemas are located within half an hour of Godrej Azure. Getting away for the weekend is also made easier with Mahabalipuram being half an hour away and Puducherry being 2 hours away.

Picture of AGS Cinemas, Navalur. Near Godrej Azure, Chennai
AGS Cinemas, Navalur, Chennai

Godrej Azure: Lifestyle

The OMR has a variety of high end hotels like Novotel, IBIS, Holiday Inn, The Gateway, Asiana Hotel etc where one can go for weekend dinners and to unwind. Furthermore, the ECR is home to an abundance of resorts like the Taj Fisherman’s Cove, Intercontinental, and Radisson Temple Bay where one can get pampered after a long week of work. AKDR Golf Course and the Chennai Equitation Center, both located on the OMR within a half hour drive, offer alternative hobbies for children and adults alike.

Picture of AKDR Golf Village near Godrej Azure, Chennai
AKDR Golf Village, Chennai

Godrej Azure, is well located within the IT district of Southern Chennai. With its frontage to the OMR, it also has access to key social and economic infrastructure of the city.

Godrej Palm Grove – Location, Plans & Specifications

On the way to Bangalore from Chennai, on the NH4, one comes across Poonamallee. A suburb of Chennai, this area is slowly developing to keep up with the rapid pace of the ever expanding city. A peaceful settlement, this area guarantees residents with views of untouched countryside, and the right amount of civilisation to keep it from being unsafe. Poonamallee, initially not considered part of the city, has now become a destination for families because of the industrial development around the area. The area has developed to be a mid-point between the industrial areas of the city and the heart of the city, in order to give residents the comfort of moderate travel times along with the proximity to important landmarks within Chennai. The Godrej group has realised the potential of the area in terms of real estate value, and has built a prime property overlooking the Chembarambakkam lake- Godrej Palmgrove.

Before looking at the complex itself, we provide you a few attracting factors of the area.

The unobstructed views 

What could possibly be better than having a cup of tea on your balcony at the end of a long tiring day? Having a cup of tea on your balcony that offers almost panoramic views of green, interspersed with lakes and those few buildings. With the complex overlooking the Chembarambakkam lake, the view is only enhanced further .

The drive

In the current scenario where the most dreaded part of every day is the long and traffic filled drive to work, living in Palmgrove brings back the pleasure of driving. Here one can take that sedan that was bought after all that hard work and get the real feel of the vehicle, cruise mode included. The Sriperumpudur-Oragadam corridor, about a 20 minute drive from Palmgrove, houses the factories of some major companies such as Hyundai, Ford, BMW, Dell etc.

Education

The residents of Palmgrove are assured of a good quality education for their wards with school like St. John’s (6km)  and Chennai Public School (5km) and colleges like Venkateshwara College of Engineering(17.8km), Ramachandra Medical College(14km) and Saveetha Medical College (7.5km) in the vicinity. With the close proximity of the educational institutions from the complex, children needn’t go through the strain of sitting in the school/college bus for  hours in a day.

Sri Venkateswara College of Engineering
Sri Venkateswara College of Engineering [Source: Veethi.com]

Healthcare

With the medical facilities at Saveetha Hospital (6 km) and Ramachandra Hospital (11 km), families are assured of quality healthcare.

Entertainment

Palmgrove is located within a 10 minute drive of alternative entertainment options, like a day at the Madras Motor Sports Club at Irungattukottai or a day at Decathlon, making Sundays more interesting than ever. The Madras Motor Sports Club organises world-class racing every year, every boy’s dream come true. The famous Chokhi Dhani of Rajasthan has also opened a branch in Chennai, less than 8 kilometers away. Theme parks like Queensland and EVP theme park are located less than 10 kilometers away in Sriperumbudur. The Rajiv Gandhi Memorial is located in Sriperumbudur, giving parents the opportunity to educate their children on the history of our country along with being able to show them physically.

The Irungattukottai race track
The Irungattukottai race track.

While the distance from the city is considered a downside, in reality the drive to major landmarks like the Chennai Central Railway Station takes the same amount of time as within the city, without the traffic that comes with driving through the city. The nearest railway station is Avadi, at 15 kilometers away. The Koyambedu Railway Station is 16 kilometers away, and the Chennai International airport is 25 kilometers away. There are also plans to build a greenfield airport at Sriperumbudur, which will shoot the land value up by miles. The best time to invest is now, with the way the rates in the area are steadily increasing by the year.

Provident Freedom – Ready To Move In Homes

The opening of the SIPCOT IT Park in Siruseri has brought about exponential development in – South Chennai. The Old Mahabalipuram Road (OMR) often  referred to as the IT corridor of Chennai is a thriving IT/ ITeS destination -. Chasing the commercial development, this region is the most preferred location for  most real estate firms for their next residential project, even though the cost is on the higher side.  Therefore ,an alternate residential destination has emerged in – Vandalur-Kelambakkam road, providing good connectivity and better affordability. This is where Provident Housing ventured with the 31 acre development, Provident Cosmos, a ~2100 homes endeavour. While nearly 1800 homes are delivered and occupied, Provident has now announced sales for  its phase II, the Freedom project, where one can simply buy a ready to move in house with all the amenities ready to use as well.

Updates as of November 2017 –

Provident Freedom in Chennai is a project by Puravankara Developers, one of the leading developers in south India. This project is now completed and ready to move in . The apartment sizes and prices offered include :

Apartment Configuration Area (in sq. ft.) Price (in Rs. Lakhs)
3 BHK 983 – 1062 35.9 – 36.9

Location:

Despite OMR being the most attractive location for residence, IT professionals are more inclined towards residing at Vandalur-Kelambakkam road which connects the OMR to the GST Road and is high on affordability. Strategically located close to Kelambakkam, Freedom by Provident Housing ensures that the workplace is not more than half an hour away from the house, whether one works in the IT sector or the industrial units.

View of the bedroom
View of the bedroom

Facilities:

The project  is in close proximity to reputed educational institutions like SRM University (25 minutes), Hindustan University (15 minutes) and SSN University (20 minutes). Schools in the vicinity include PSBB Millenium, BVM Global and Velammal Global. Chettinad Health City at the OMR-Kelambakkam junction takes care of any health needs a family might have.

Freedom by Provident:

The project has 7 blocks, encompassing 23 towers totally and nearly 340 apartments. These towers are divided into Classic, Premium and Super Premium residences. The ground floors of the blocks have different areas than the next three floors, being a little smaller. The sizes for the classic blocks are 848, 983 and 1062 square feet in variations of 2 bedrooms and 2 toilets and 3 bedrooms and 2 toilets.

Ready to Move-In:

In this project, the selling point is that all the amenities, play areas, landscaping, and ancillary spaces are ready touse. There is no waiting involved for the project to stand on its feet. The amenities provided by the builder include a clubhouse with a party hall, an open air theatre, badminton courts, a basketball post, multiple playing areas for kids and an old folks’ area. Starting at Rs. 36.9 lacs these apartments fall into budgets of several working professionals.  Especially at a time when people are keen to own a ready to move in home, these offer a great advantage.

View of the kitchen and living room
View of the kitchen and living room

The Home:

A lot of thought has been put into the design of the houses in Freedom. The sizes are categorised into ‘comfort’ and ‘grand’ categories. The 2 bhk ‘comfort’ module comes with 2 bathrooms-one attached and one common, as well as a utility room for the kitchen in an area of 848 square feet. The 3 bhk variants are of 983 and 1062 square feet, each with 2 bathrooms and a utility room for the kitchen. The blocks are also planned with open to sky pockets that provide ample natural lighting and ventilation to the entire space.

Out of the 2174 apartments on offer, an impressive ~1800 families have already moved into the complex. The fact that the amenities are ready to use, as well as its location on the Vandalur-Kelambakkam stretch of road makes this complex a very good investment.

 

 

 

Download further information on Provident Freedom

 

Purva Primus-Office Investments At Attractive Ticket Sizes

When one thinks of investing in real estate, housing is the first thing that comes to mind. With ‘Primus’, an IT complex by Southern India’s leading developer, Puravankara, aims to bring an appeal to investing in commercial real estate that promises excellent returns in the fast upcoming area that is the Old Mahabalipuram Road.

With the boom that has been witnessed in the IT/ ITeS industry, and the emergence of the Old Mahabalipuram Road (OMR) as an important IT corridor, a huge job market has been created. The value of office space has increased considerably after the opening of the SIPCOT IT Park, along with the many other IT parks along the OMR. While there is an abundance of office space, these are often too expensive for every company or property investor to afford. By giving an opportunity to invest in smaller office spaces, that are professionally managed and leased out, Puravankara has created a win-win situation, both for the owners and tenants.

Location

Purva Primus is well located on the IT corridor, closer to the city than bigger IT Parks like the SIPCOT IT Park. Its location provides a definite advantage for investors and employees alike. The presence of the all major IT companies along the OMR also makes it easier for business transactions and meetings to be held seamlessly.

Project

Purva Primus is a single tower with 2 basements, and rising 13 floors. The saleable area varies from floor to floor, with a three sided view of the lake next door. The building has a floor plate area of 14,000 square feet with borewell water supply. There is 100% generator backup provided, along with a sprinkler system for fire safety. The structural glazing ensures that UV rays do not enter the building and provides a noise-free, calm working environment for the employees.

Landscaping & Planning

In Primus, emphasis has been placed on lifestyles of its occupants. Being an office space, Purva has taken into account the lives of the employees who will spend a good part of the day working here, providing several amenities around the site. The terraces on intermediate levels provide views of manicured gardens and specific O2 zones, designed to provide a bit of calm whenever one need it. The location of the complex next to the lake provides a stable, calming backdrop to the office spaces within. A mini-snack bar provides a place to grab a bite at the workplace, and interact with colleagues in a more informal environment.

Alternate Income

Traditional investments include houses, gold, stocks, etc, but Puravankara opens up office space as a whole new area of investment. The IT/ITeS industry occupies around 56% of the office space in the city. Being the IT hub of Chennai, the OMR is an ideal location for this office space. Undivided shares on offer start at 350 square feet (without parking) for Rs. 28 lakhs, and 1400 square feet (with parking) for Rs. 1.13 crores.

Puravankara is offering professional leasing services for the investors and already employers have started to operate from here. Puravankara thereby provides convenience and assurance to smaller investors owning offices spaces. Property is being managed by Knight Frank, a globally renowned facility manager. The IT companies that want to lease the space approach Puravankara and the rent is passed to the investors. Office spaces provide much higher rental incomes, and are much steadier in comparison to returns in housing segment. This fact, along with the reasonable prices that Puravankara is offering, makes Primus a wise investment. With 6 companies already working out of the building, more are expected to start in the near future.