Porur – an Overview

The west Chennai property market has robust trajectory to narrate. The presence of industries in the region has boosted the overall property market of West Chennai. Porur, a promising neighbourhood of west Delhi is emerging as a prime real estate market. One of the major reasons for the property boost in the region is its prime location.

Locational Advantages

Porur's proximity to Guindy is one of the main reasons for the locality's growth in the real estate sector. Moreover, of late, the region has become quite popular with the IT industry and has been witnessing a rampant growth of the property market of Porur. The locality is also a connecting link to main commercial regions such as Vadapalani and Poonamallee. Therefore, people working in the industrial belt of Sriperumbudur, also considers Porur as a potential property investment option. Porur has a sound social infrastructure which has been instrumental in fostering the growth of the property market of the region.

New Residential Projects in Porur

Needless to say that the region has registered a huge growth in the overall property market; several builders have capitalized on the potential of the area and the result is an array of new real estate projects dotting Porur. At present the property prices in Porur range somewhere between INR 4000 to INR 6000 per square feet. In the words of T Chitty Babu, chief executive officer of Akshaya Homes Private Limited, "Porur has potential for growth. This, when coupled with the DLF IT Park in the vicinity and well-developed social infrastructure contributes to the development of this area".

Let's explore one such upcoming residential project in the area:

Built by Urban Tree Infrastructure, Urban Tree Infinity is a grand residential project that is all set to redefine the standards of Porur completely. The project offers 198 well-planned apartments that come across in various sizes. These apartments have been designed exclusively keeping in mind the latest design trends. The apartments come in 2BHK and 3BHK sizes. Urban Tree Infinity, Porur also offers a host of amenities that aims at making life more comfortable. Amenities within the project comprise multipurpose hall, kids play area, gymnasium along with a wi-fi enabled campus. Targeted at the affordable segment category, the price range of Urban Tree Infinity, juggles between INR 36 lakhs to 96 lakhs.

Other new residential projects coming up in the region are Prestige Bella Vista, Orchid Blossoms and Sai Avenue.

Future Outlook and Why Invest in Porur?

On the other hand, the government has taken up the initiative of developing rapid infrastructural projects in the region that is all set to revamp the overall region. Construction for a flyover in the busy junction of Porur has been undergoing for quite some time now. Once the construction of the four-lane flyover is complete, the residential real estate market will definitely receive a fillip. A source from the Highways Department says "We were waiting for the shifting of a water main line but even after several tenders, no contractor showed interest in the work. After that, we went for a change in the design of the flyover so that the pipeline remains where it is".

Presence of a strong social infrastructure in and around Porur makes the area a favourable destination for investors and end users alike. From schools, colleges and hospitals, the area has started coming up as a strong IT hub as well with proposal for SEZ already approved. Experts are of the opinion that, investments in Porur, Chennai are bound to yield substantial results. So, if you are considering buying or investing in a property in Chennai, Porur in western part of the city is definitely worth giving a shot.