For most of the old timers of Chennai, Koyambedu was just a junction which signified entry in to Chennai city. But today it is different. As a matter of fact, a friend who was driving down to Chennai after a gap of 15 years was astounded. He could very well appreciate what Rip Van Winkle would have felt like. The place seemed more like a city centre than a trucking point that he was accustomed to.
The metamorphosis of Koyambedu started with the shifting of Chennai wholesale vegetable and fruits market from the once famous Kothwalchavadi near Parrys corner. Next was the setting up of Chennai Mofussil Bus Terminus (CMBT). These moves were presumably to reduce congestion in the busiest part of Chennai. It is indeed ironic that now Koyambedu has now become as busy if not busier. As a fast-evolving mini metropolis, Koyambedu has always been well connected to every part of Chennai. With the establishment of CMBT, it became a transit point and the arrival of Chennai Metro Rail has made it, the hub of transportation for travel within Chennai and between major towns in South India.
What if I am looking at buying property as an investment?
Koyambedu is locational advantage hard to match by any other locality in Chennai. The arterial Poonamalle High Road running through, proximity to Anna Nagar, surrounded by several ancient places of worship, modern shopping and entertainment areas and schools and colleges has helped Koyambedu develop as a preferred location. This is evident by the number of residential projects which have come up here and whose value appreciation is really impressive. Not just that, the rents for apartments in the area have also increased significantly and are now among the highest in the city.
In conclusion, it will not be an overstatement to call Koyambedu a new icon of Chennai. Perhaps it was this that influenced Radiance Realty to name their prestigious project in the area as Radiance Icon. With features and amenities that empower it to truly live up to its name.
Koyambedu you have come a long way
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