In the past few years, the real estate sector of Chennai is showing a good demand among potential buyers despite a slump in the share market and other sectors in India. The demand in the residential sector of Chennai continues to escalate especially in suburbs like Chrompet, Tambaram, Pallavaram, Mudichur, Sholinganallur, Madipakkam, Vandalur and Mannivakkam.
Due to overcrowding in the main city areas, the real estate developers are focusing on the suburbs to reap mid-term to long term benefits on investment. The area close to NH-5 which covers the suburbs of Vandalur, Mudichur, Malayambakkam-Mangadu and Mannivakkam are emerging as high growth residential areas and potential buyers are showing keen interest in purchasing lucrative properties like Mannivakkam house.
Core Features of Mannivakkam Translating It into a Promising Residential Destination:
- Connectivity: It is well connected by MTC buses and the nearest railway station is the Vandalur Railway Station. The other nearby railway stations are Karasangal, Guduvancherry, Perungalathur and Urapakkam railway stations. Tambaram is the heart of the new Chennai city. Mannivakkam is situated 10 minutes away from Tambaram on the GST road. It has access to Oragadam automobile plant by a six lane highway.
- Locality: It is a prime location and it houses reputed schools, colleges like Velammal International School, Peri Engineering College and Peri School. It is also home to many multi-speciality hospitals, ATMs, maternity, eye and orthopaedic hospitals.
- Recreational Facilities: It is a promising residential hub bestowed with zoos, theatres, malls, Children Park nearby Maneswarer Kovil.
- Improved Lifestyle: It is in close proximity to Mahindra World City which is India’s first eco-friendly business city. This city houses the corporate giants like Infosys, Capgemini, Wipro, etc. Mushrooming of the IT sector and simultaneous generation of jobs has led to an increase in the buying capacity. As a result this locality is witnessing an upsurge in the standard of living. And is transforming into a plush living destination.
Thus robust infrastructure, burgeoning IT sector, improved lifestyle is translating Mannivakkam, a suburb in Chennai into a lucrative destination for real estate players and a favourable housing destination for potential buyers. Hence investors are increasingly being attracted to buy a house in Mannivakkam.