The residents of Poonamallee enjoy seamless connectivity. Its proximity to Mount Road and other vital suburbs and infrastructural growth are the reasons behind its rapid growth. Poonamallee has been recently brought under the jurisdiction of the Chennai Corporation, and the plans for several infrastructure projects have been drawn up. The civic amenities have also improved tremendously here. The industrial and IT sectors growth has led to the development of the retail and hospitality sectors, as well.
Here are 5 prominent reasons why Poonamallee is your next bet:
1.Residential locality unaffected during natural calamities
Poonamallee was one of the residential localities in Chennai that remained unaffected during the 2015 Chennai floods. With good rainwater harvesting systems being in place, it is one of those few places in the city that were unaffected by the disastrous December floods.
It connects Kathipara Junction to NH 4, connecting St. Thomas Mount, Fort St. George and Sriperumbudur that are situated at a distance of 23 kilometers and 17 kilometers respectively. The High Road links Poonamallee to the Central Railway Station, linking localities Aminjikarai, Koyambedu, Maduravoyal. The CMBT on the Chennai bypass is situated 13 kilometers far away.
3.Emerging affordable realty destination in Chennai
Even as the sale rate for mid income and luxury housing in Chennai is fluctuating, the citys affordable housing segment has been witnessing steady demand on the outskirts. Growth driven factors: Chennai Monorail Metro to set up speed at Poonamallee. The monorail is expected to have a few dozen stations.
4.Away From Citys hustle & bustle
If you want to stay away from the city hustle and bustle, then, Poonamallee is your ideal choice. Poonamallee scores thanks to its clean water, fresh air and low rate of pollution all of which has attracted several senior citizens to the area.
5.Ideal for millennial investment
Due to the affordable prices and location Poonamallee has become a hit with young professionals who are looking at investing in high quality, affordable homes in the region.
Considering the price trends and rising demand, the locality is predicted to become a good investment region. There is a positive forecast of good appreciation of property rates with many projects being developed here. Located very close to prominent industrial zones of Chennai and IT hubs and with the Chennai City Corporation taking over the administration of the area, the scope for infrastructure development is bright, making 2018 to 2019 an ideal time for investment.