Properties in Kolathur becomes popular investment hotspot in Chennai

Real Estate Tips

Situated in North Chennai, Kolathur is amongst the popular residential localities of the city. The area is home to well-developed infrastructure, facilities and is surrounded by some of the most thriving neighbourhoods such as Perambur, Puzhal, Villivakkam, Vajjiravel Nagar, Periyar Nagar, and ICF.

In terms of connectivity, Kolathur is well-connected to other surrounding areas via inner Ring Road. Also, railway stations like Villivakkam and Perambur Loco Works fall in close proximity to the locality.

The area is also known for the presence of some major landmarks like Agatheeswarar Temple, Somanatheswarar Temple, Shirdipuram Sarva Shakthi Peedam, Poompuhar Nagar Park etc. Due to this, the place is also a favourable tourist destination among those who come to visit Chennai.

Apart from this, Kolathur also houses leading schools, malls, hospitals, banks, and recreation centres. Some of them include Bharath N & P School, DRJ Hospital, RC Prince Gardenia, Ishen Martial Arts India, Donbosco School, and Ganga Cinemas. The Govt. has also proposed the development of a metro line here so that the connectivity can be enhanced more.

Coming to the real estate segment, Kolathur enjoys a prosperous residential and commercial property market. It is one of the major IT hubs in Chennai with the presence of some major companies like TCS, HCL, Ambit IT Park and India Land IT Park. Presence of such companies has attracted many working professionals to invest in housing projects here. Perhaps, this is one of the main reasons; the area has seen some recent housing project development.

One can easily look for 1, 2 and 3 BHK apartments here along with plots. Being a well-developed locality property price here is more as compared to other localities. At present, the average property price in Kolathur is 5,349 per sqft. Experts suggest that the price here will increase in coming 2-3 years; hence investing here will be a fruitful decision.