Reasons for the Progression of Velachery Apartments for Sale

Overview:

Nestled between leading IT and ITEs hubs, Velachery is a residential corridor, which technologically advanced in the background of the IT establishments. Thus, the region is highly preferred by the professionals employed in OMR and GST Road. Hence the buyers of Velachery apartments for sale are mostly belongs to IT couples. Though, as locality serves numerous travelers travelling between areas more down south and the ones up in Central Business District, it agonizes from traffic snarls. Also, the property rates in Velachery have seen appreciation of 20%. Appreciatively, Chennai Metropolitan Development Authority (CMDA) has broadened the Velachery Bypass Road to generate the traffic congestion easier.

Traffic or not, inhabitants of 2 BHK apartments for sale in Velachery enjoys immediacy to the Besant Nagar Beach and the ECR (East Coast Road), whereas being only a short drive away from Chennai Airport. Due to this closeness there is an entry of more number of NRI customers. This is the one major reason for the growth of the locality and increasing apartment prices in Velachery. Furthermore, there are several places within Velachery like the Velachery Lake, commercial centers and the Phoenix Market City.

Connectivity:

Connectivity is a strong factor for the development of Velachery, through numerous bus routes branching out in all direction and a pair of railway stations. The connectivity also impacts the property rates in Velachery. This is because Velachery houses numerous IT/ITEs companies so there is an increasing demand for the properties and stagnant flat rates in Velachery. But when compared to the localities like Adyar, Nungambakkam, T. Nagar, etc.  Velachery offers affordable properties. People who are wished to purchase apartments in Adyar for sale now moving towards Velachery. What makes the preference? Velachery houses numerous IT/ITEs companies so there is an increasing demand for the properties and offers affordable apartment prices in Velachery. From here inhabitants can easily get access to the rest of the city easily. Particularly, the IT people are choosing Velachery apartments for sale.

Residential Market Trends in Velachery:

The residential market has created a clear change, from houses and bungalows to fully-furnished apartments within the reasonable property rates in Velachery. Actually, all it consumes is energy down to the off-roads, to understand that Velachery is a sea of flat buildings, including a few large roads and some commercial doings here and there. At present, the flat rates in Velachery are ranging from 6791 per sq. ft.

Features for Growth in Upcoming in Velachery:

Due to the availability of MRTS station and forthcoming mono rail project and other growths in connectivity pooled with various commercial establishments will certainly fascinate more people to reside here, which in turn will lead to huge price appreciations.