Developing Residential and Commercial Suburb - Sholinganallur

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Developing Residential and Commercial Suburb -
Sholinganallur
BY Thomas Andrew
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About Sholinganallur

• Sholinganallur is the heart of the IT highway and
  one of the most developing localities in Chennai
  city.
• It is a junction that connects East Coast Road to
  Tambaram and Adyar to Mahabalipuram, along Old
  Mahabalipuram Road.
• Sholinganallurs popularity among fast-growing
  suburbs can be attributed to Information
  Technology Parks and dedicated Special Economic
  Zones (SEZs).
• The town is famous for Shri Maha Prathyangira
  Devi Temple.

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Connectivity

• This locality is surrounded by IT-based suburbs
  like Siruseri, Perungudi and Taramani.
• It is well-connected by the OMR (Old
  Mahabalipuram Road) and the ECR (East Coast Road)
  to other parts of the city.
• MTC buses and share autos are the main mode of
  transport for the residents.
• Velachery MRTS railway station and Guindy railway
  station are the nearest railway stations.
• part from being an IT hub, this locality has good
  schools and hospitals that are causing people to
  migrate here.

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Education

• When it comes to education, this place has some
  of the best colleges in Chennai.
• They are Jeppiaar Engineering College, St. Marys
  School of Management Studies, St. Josephs
  College of Engineering, Ragas Dental College, Sri
  Sivasubramaniya Nadar College of Engineering,
  Anand Institute of Technology.
• And also Shree Motilal Kanhaiyalal Fomra
  Institute of Technology, NTTF Information
  Technology Centre, Sathyabama University, Mohamed
  Sathak College of Arts and Science.
• Sacred Heart Matriculation Higher Secondary
  School, Gateway School and Bala Vidya Mandir

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Healthcare and Entertainment

• Besides these, a National Maritime University is
  being constructed in Sholinganallur which will
  house an aquarium, National Maritime Museum, food
  court and residential complex.
• There are plans to build a 5-star hotel in the
  complex.
• They are Bone Joint Speciality Clinic, Lifeline
  Multi-Speciality Hospital, Global Hospital and
  Chettinad Hospital.

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Real Estate

• The prime reason for the entrance of real estate
  in this locality is the expanding IT corridor.
• The majority of Chennais population is working
  in software and hence is in need of residential
  apartments in Sholinganallur.
• The builders are offering different choices from
  multi-storey apartments, single-floor apartments,
  residential houses to villas.
• A few of the ongoing well-known projects in
  Sholinganallur are Vishranthi Tamarai and Aranya
  Apartment by Vishranthi Builders, Pearl Akshaya
  by Pearl Constructions.

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Price Trends

• The average price for flats for sale in
  Sholinganallur is Rs. 4545 per square foot and
  the rent can be between Rs. 15-16 per square
  foot.
• People interested to invest in residential plots
  can expect the rate around Rs. 30,237 per square
  yard.
• The commercial properties are currently priced
  between Rs. 9 crore to Rs. 60 crores.
• The Sholinganallur real estate demand for both
  residential and commercial properties has risen
  tremendously in the last few years

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