Located at the southern periphery of Chennai, Urapakkam is a fast-growing residential hub. With its strategic location on NH32, Urapakkam acts as the gateway to Chennai by linking major towns and cities in South India. The area is seamlessly connected to the SEZ corridor on GST Road (Grand Southern Trunk) and the IT Corridor on OMR (Old Mahabalipuram Road). The locality features planned development and is considered a peaceful neighborhood. Urapakkam comes under Kanchipuram district and is emerging as an important contributor to Chennai’s expansion.
Here are 10 reasons why Urapakkam is the right place to buy a residential property in Chennai.
#1. Wide range of options:
Urapakkam offers various types of residential properties such as plots, apartments, independent homes & villas, and luxury homes. You will have the freedom to choose any property you like based on your budget. You will also have the option to choose between under-construction and ready-to-move properties. An under-construction property is usually more affordable, as compared to ready-to-move properties. However, if you need a home on an urgent basis, you can consider buying a ready-to-move property.
Residential properties in Urapakkam are affordable, as compared to other locations in South Chennai. Apartment prices in Urapakkam are currently in the range of Rs 2,700 to Rs 4,800. If you buy residential property in Urapakkam, you can save money without compromising on space or amenities. Or you can choose to buy a larger property with your available budget. For example, if your budget is 60 lakh, you can buy a 2BHK for 50 lakh and save Rs 10 lakh. Alternatively, you could choose to utilize your entire budget of Rs 60 lakh by upgrading to a 3BHK apartment.
#3. Price growth potential:
Property prices have remained largely stable in Urapakkam over the last few years. As the area continues to witness fast-paced development, it is expected that property prices will increase in the medium to long-term. Average property price in Urapakkam in April-June 2010 was around Rs 2,700 per square feet. In April-June 2018, the average property price in the area was around Rs 3,700 per square feet. If you buy a residential property in Urapakkam, you can get good returns in the next 5-10 years.
#4. Growing demand for rental properties:
Urapakkam has emerged as a preferred destination for people looking for affordable rental homes. A 2BHK apartment can be rented for around Rs 6,000 per month in this neighborhood. If you are planning to buy property with the intention of renting it, you will be easily able to find tenants in Urapakkam. The area is preferred by professionals, who work in SEZ and IT corridors of Chennai. You will be dealing with well-educated people, something that will ensure complete peace of mind in terms of receiving rent on time and proper care and maintenance of your property.
#5. Connectivity to GST Road and OMR:
Urapakkam is seamlessly connected to the rest of the city through a network of major roads. For example, the area connects directly to GST Road (Grand Southern Trunk), which is a major SEZ corridor. Going towards the south-eastern side, the Kelambakkam-Vandalur Road connects to the Old Mahabalipuram Road (OMR), which is the hub for IT companies and is referred to as the IT Corridor of Chennai. OMR is home to top IT companies such as TCS, Cognizant, Wipro, Infosys, Capgemini, Syntel, Tech Mahindra, etc.
Urapakkam is known for its spacious roads, pedestrian walkways, and public parks. The area features well-planned development with dedicated spaces for residential and commercial projects. There’s a proper system of sewerage lines and waste disposal, which has ensured a clean environment on the streets and in most residential and commercial areas in Urapakkam. Residents in Urapakkam can expect better facilities in the future, as a number of new infrastructure projects have been planned in the area.
#7. Social infrastructure:
It’s easy to find good schools, colleges and hospitals in and around Urapakkam. This is useful for people with kids or the ones who are planning to start a family. Supermarkets, recreation centers and entertainment hubs are easily accessible in the neighborhood. Hotels and restaurants are also aplenty in Urapakkam.
#8. Direct road to Airport:
One of the major advantages of living in Urapakkam is that it is directly connected to Chennai International Airport in Meenambakkam. The distance is around 23 kilometers, but it takes just around 30 minutes to reach the airport. It’s easy to reach the airport because there’s a direct road from Urapakkam to Chennai International Airport. Starting from NH 32, the road connects to GST Road, which links to the airport.There is no right or left turn, something that ensures easy and speedier access to the airport.
#9. Good transport facilities:
Travelling from Urapakkam to other parts of the city is a hassle-free experience, as the area is located at the juncture of major roads such as NH32, GST Road, and Kelambakkam – Vandalur Road. Urapakkam has its own railway station, which is part of the MRTS (Mass Rapid Transit System) Railway Line in Chennai. This railway line connects to Chennai Beach, which is located in the main city.
#10. Green neighborhood:
The Urapakkam area is known for its ample green cover. The Vandalur Reserve Forest and Arignar Anna Zoological Park are located close by and these are a major attraction for residents. A number of lakes and water bodies are also located in and around Urapakkam, which add to the area’s natural beauty. The green surroundings have been helpful in ensuring pollution-free environs for residents of Urapakkam.
Fringe areas in most top cities usually witness fast-paced growth, as prices are affordable and there are less crowd and chaos. Urapakkam is currently witnessing the same trend, which presents a bankable opportunity in terms of investing in a residential property in the area. Buying a house in Urapakkam is suitable for both own use and investment purpose. In case of personal use, you can expect to lead a good life with your loved ones. If you are buying for investment purpose, you can earn rental income and gain from capital appreciation on your property. If you prefer Chennai, you should definitely consider Urapakkam for buying a residential property.