ECR – Property Market Overview

Last updated on March 23, 2017 by Moksha Kuttayya

Growing up, the ECR always meant a weekend destination-a means to an end-with Mahabalipuram, Pondicherry and a whole host of other activities all accessed via it. When I was a little older it included the houses of a couple of friends-still under the category of leisure. It is often categorised as an area for a secondary home or for older families. The fact remains however, that it is one of the most comfortable and enviable localities to have a home. Stretching from the Thiruvanmiyur signal to Mahabalipuram and beyond, the ECR has developed now into way more than just a highway. Extending till Neelankarai, there is an abundance of residential development, with flats and apartments closer to Thiruvanmiyur and independent bungalows and villa complexes further away. The ECR-OMR link at Shollinganallur has also drastically improved the value of property on the ECR, making it a sensible investment even for families …

ECR – Property Market Overview

Growing up, the ECR always meant a weekend destination-a means to an end-with Mahabalipuram, Pondicherry and a whole host of other activities all accessed via it. When I was a little older it included the houses of a couple of friends-still under the category of leisure. It is often categorised as an area for a secondary home or for older families. The fact remains however, that it is one of the most comfortable and enviable localities to have a home.

Stretching from the Thiruvanmiyur signal to Mahabalipuram and beyond, the ECR has developed now into way more than just a highway. Extending till Neelankarai, there is an abundance of residential development, with flats and apartments closer to Thiruvanmiyur and independent bungalows and villa complexes further away. The ECR-OMR link at Shollinganallur has also drastically improved the value of property on the ECR, making it a sensible investment even for families working in the IT companies on the OMR.

Lifestyle: Living on the ECR is a completely different experience altogether. A food lovers’ paradise, the ECR is lined with speciality restaurants of all varieties all along. Restaurants like The Beach Club and Shiraz café offer views of the sea, and a host of other restaurants like Jonah’s, Kipling Café, Tryst Café and many more offer amazing food.

The cozy Tryst Cafe [Source: Polka Cafe]
Enjoy the beautiful ambiance of Kipling Cafe [Source: Polka Cafe]
Weekends on the ECR can never get boring with the number of activities that are on offer. Go-Karting is big on the ECR with two tracks- Kart attack and the ECR Speedway providing the facility. Amusement parks are the next on the list with VGP closer to the city and MGM Dizee World a little farther. The cultural experience at Dakshinachitra never gets boring, with it being one of the most unique cultural hubs in the country. The experience involves seeing reproductions of authentic houses from various parts of South India, as well as learning about the different arts and crafts of the regions of the South. Weekend getaways in the form of resorts are a dime a dozen on the ECR, with Taj Fisherman’s Cove, Radisson Temple Bay and Ideal Beach resort being a few. The latest addition to the ECR has been surfing schools- giving the city’s youngsters a new activity to focus on.

Radisson Temple Bay [Source: WeddingSutra]
Children watch performances of South India Folk Dance at Dakshinachirta [Source: tripadvisor.in]
Last but not the least are the major destinations accessed via the ECR from the city. Mahabalipuram, the closest, is 45 kilometers away from the city offering a glimpse of Dravidian architecture. Pondicherry, next on the list, is the best weekend destination to unwind, have a couple of beers and enjoy life. The cobblestoned pathways of the French part of the city make you wish you were around in the older days. Another destination that is accessible is Chidambaram. More popular as a temple town, one can see the architecture of the great Chola Dynasty.

Although the ECR originally had mainly independent houses, the SIPCOT IT Park has seen the development of several high rise apartments along the ECR between the ECR-Shollinganallur link road and the Kelambakkam link road. A few apartments are ECR14 by Casa Grande at Kanathur (approx. 4500 per sq. ft), and Altis Oceanique (approx.. 7000 per sq. ft.). The areas closer to the city have upscale villa complexes from builders like Casa Grande, Amara and more. Casa Grande Elita has a per sq. ft. price of 11,000 per square feet.

Altis Oceanique offers sea views [Source: altisville.com]
With the new and competitive rates that builders are offering, the ECR has become a great investment for people from all backgrounds both for day to day living and as a post-retirement home.




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