Velachery, a residential hub is positioned in South Chennai. It directly connects the OMR (most important Information Technology strip). As per the property portals report, flats for sale in Velachery has become the top most position in terms of residential sectors for sale and rentals over the past quarters. Although the location has slipped and settled at the second position for entire purchase in the period of Jul-Sep 2013, 2 BHK flats for sale in Velachery has keep on at the top position in the meantime of Oct-Dec 2012 quarter for both auctions and rentals. Area provides a yearly appreciation of 12 % per annum. Though there are numerous residential choices available in the OMR itself, purchasers in the city wish to reside in Velachery because of its well-advanced public and physical infrastructure. Hence, these aspects impact the flat rates in Velachery.
Region is one of the ancient residential localities in the Chennai city and although it has been succeeded by a surge of growth, it achieves to maintain its hoary world charm. Most of the people would like ancient charm hence they are ready to invest in 2 BHK flats for sale in Velachery. The zone is connected to leading parts of city through the MTC and MRTS rail network. Moreover, people from here can reach the Chennai Airport within 10 mins. This connectivity makes the people to stay closeness to Velachery. Hence they are buying apartments for sale in Adyar.
The rates and trends for this zone are varying from period to period. According to Prop Index report, flats rates in Velachery have been changing and recording an increase of about 7 % since Jul-Sep 2012. Zone offers all kind of residential configurations to the buyers. A report from the property portals says that, out of 10 residential units, 5 belongs to builder floors, 3 belongs to multi-storey apartments and remaining consists of independent houses and plots. Through availability of land becomes scarce and the property prices in Velachery hit the roof over the years. In the Oct-Dec 2012, prices are appreciated to Rs. 5850 and it was increased to Rs. 6731 for the period of Oct-Dec 2013. And at present, the property flat prices in Velachery are remaining steady.
Region is one of the ancient residential localities in the Chennai city and although it has been succeeded by a surge of growth, it achieves to maintain its hoary world charm. Most of the people would like ancient charm hence they are ready to invest in 2 BHK flats for sale in Velachery. The zone is connected to leading parts of city through the MTC and MRTS rail network. Moreover, people from here can reach the Chennai Airport within 10 mins. This connectivity makes the people to stay closeness to Velachery. Hence they are buying apartments for sale in Adyar.
The rates and trends for this zone are varying from period to period. According to Prop Index report, flats rates in Velachery have been changing and recording an increase of about 7 % since Jul-Sep 2012. Zone offers all kind of residential configurations to the buyers. A report from the property portals says that, out of 10 residential units, 5 belongs to builder floors, 3 belongs to multi-storey apartments and remaining consists of independent houses and plots. Through availability of land becomes scarce and the property prices in Velachery hit the roof over the years. In the Oct-Dec 2012, prices are appreciated to Rs. 5850 and it was increased to Rs. 6731 for the period of Oct-Dec 2013. And at present, the property flat prices in Velachery are remaining steady.
The strategic location of Velachery-OMR providing close vicinity to IT hubs has fascinated the property developers. Therefore, they started their residential developments in this locality. Builders are offering flats for sale in Velachery in a tranquil and delightful ambience enclosed by all contemporary amenities within the township.
1 Comments
Wonderful post, I must say I had a very pleasent time reading this post on flats in OMR. You have pointed down all the minute details. Thanks
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