Located in the south of Chennai, Thiruvanmaiyur has become a precedented spot for luxury real estate over the last seven years. Several reasons contribute to Thiruvanmaiyur turning from a superior suburb to a prime locality, let alone, one of the costliest in the city. Location and connectivity might be the two pillars that hold Thiruvanmaiyur at the top, without any ruckus. Surrounding areas include Velachery, Kottivakkam, Adayar, Taramani, Perungudi, Palavakkam, Thoraipakkam, Pallikaranai, Medavakkam & Perumbakkam.
According to a property portal, the real estate growth rate of Thiruvanmaiyur is 130.7%. Even though there is a vast pool of real estate in the area, the higher number of real estate seems to be one-sided towards the luxury apartments & ultra-luxury apartments. The proximity/view of the sea or the connectivity via ECR, the sole reason for the luxury apartment trend in Thiruvanmiyur is quite difficult to put a finger on, it is a cumulation of reasons that kept Thiruvanmaiyur on the top. Reputed builders are still choosing Thiruvanmaiyur because it is everything that a Chennaiate had dreamed about.
The luxury real estate trend in Thiruvanmiyur
Our study showed that the 3BHK for sale in Thiruvanmiyur is in demand among the buyers; there are 200+ ready-to-occupy apartments in Thiruvanmiyur that offer 3 BHK apartments.
Pricing of luxury residential real estate in Thiruvanmiyur
The property prices in Thiruvanmiyur has been rising at a rate of 2%-10% approximately, depending upon the area in which your property is located.
Reasons for the growth of luxury apartments in Thiruvanmiyur
#1. Seamless connectivity
The most popular mode of transportation in Thiruvanmiyur is the roadways, both public and private transportation. Secondly, the railways. Commuting is one of the most crucial benefits of Thiruvanmaiyur as it is available 24/7. Also, the roads are huge here, the travel time is less because of this and there is no traffic congestion in the area.
- Roads nearby- East Coast Road, Velacherry main road, Taramani Road, Anna Salai (Mount Rd.)
- Bus stop- Thiruvanmiyur bus stop
- Railway station- Thiruvanmiyur railway station
- Metro- Guindy metro station is just 7.4km away; Alandur metro which is just 8km away from Thiruvanmaiyur
#2. Advantageous location
Thiruvanmaiyur is just a couple of kilometres away from major areas of Chennai.
- Tidel Park- 1 km away; Several other tech parks are all located nearby.
- Airport- 11 km ride distance
- Central station- 12 km ride distance
- Adyar – 2.5 km ride distance
- Velachery 6 km ride distance
- Tharamani – 3km ride distance
- Perungudi – 3.4km ride distance
- OMR is just 2 km ride distance
- Located on the east coast road
#3. High rental value
The rental value of 2, 3 and 4 BHK vary ranging from place to place. Currently, people are seen to rent 3 BHK apartments in Thiruvanmiyur. Mostly, people from the IT sector rent in the area in groups of 3-4 as they can easily commute to their workplace. A 2BHK apartment of 900sq.ft. can generate up to 25,000 Rs. per month. A 3BHK apartment of 1900sq.ft. generates a monthly rent of 50,000 Rs. per month A 4BHK apartment of 2700sq.ft. can generate up to a lakh per month.
#4. Top-notch Social Infrastructure
Schools in Thiruvanmiyur within a 2km radius- American international school, Shree Shankara Matriculation higher sec. School, Learning tree in Valmiki Nagar, Advent Christian middle school, Corporation higher secondary school, SEED playschool, Applekids international preschool, Ramachandra Public School (CBSE). Hospitals in Thiruvanmiyur within a 2km radius- Surya hospital, ESI corporation, Corporation hospital, Sakshi hospital, Promed hospital, Happy clinic hospital, Balakrishna eye hospital, SMK hospital. Fortis malar hospital is just 3km away. 20+ restaurants, 10+ playgrounds and recreational centres all located within a 4 km radius. Reliance Trends is also available within a few meters.
#5. Calm, Clean and Comfortable
Beautifully landscaped gardens, serene environment, mild sea breeze brushing against your skin 24/7, Thiruvanmaiyur is a treasure found in the middle of ECR. Mr. Mannan, a recent Thiruvanmaiyur homeowner and resident defines living in the area, “I waited for 8 long years to buy an apartment within the city. My family is a bunch of 5 and we love huge spaces. After several deep discussions/conversations/types of research, I chose to buy a 3BHK apartment in Thiruvanmiyur. Safe to say, it the best spot in Chennai. My kids are having the time of their lives and my dad has built great friendships in just a few months. My wife and I can reach our workplaces within 20 minutes’ drive. All-in-all, it’s a great investment and a lifestyle change”.
Apart from homebuyers, investors are also interested in buying properties in Thiruvanmiyur. Foreseeing the future, the appreciation rate of the area is very high and it is likely to increase YoY.
Any Thiruvanmaiyur dwellers out there? Share your best Thiruvanmaiyur experience in the comments section.