Despite the rapid expansion of Chennai's real estate market into newer areas, Porur located in the western part of the city, remains a favourite spot among investors. Once a quiet locality, it has evolved into a vibrant, self-sustained area that continues to draw interest from both seasoned investors and first-time homebuyers. The perfect blend of urban convenience, tranquility, and excellent infrastructure promises property market growth in the future. This article explains the factors behind why investors are still preferring Porur for investment:
Why is Porur still on investors’ radar?
Porur’s location at the crossroads of major highways and proximity to IT hubs makes it a convenient housing locality for IT professionals, driving demand for residential properties. The area has excellent social infrastructure, including hospitals, schools, shopping centres and restaurants. Besides, Porur Lake offers ample opportunities for residents to engage in outdoor activities. With steady property price appreciation and planned infrastructure projects, Porur continues to be a choice for investors seeking stability and growth in Chennai's real estate market. Notably, Porur has received a 4.3 star out of five-star rating on the 99acres Ratings and Reviews platform.
The following are the details of specific advantages enjoyed by the Porur micro market:
Proximity to IT hubs
Porur’s proximity to IT hubs within a 5 km radius makes the locality an attractive housing option for IT professionals. DLF Cybercity, Jayanth Tech Park and L&T Infotech situated along Mount Poonamallee Road are within the periphery of Porur.
Existing connectivity
Porur is well-connected via Chennai Bypass Road, Kundrathur Main Road, Arcot Road, and Mount Poonamallee Road. Its nearest railway station is Guindy located about 8 km away with a driving distance of around 20 minutes. Notably, Guindy Railway Station lies on the Chennai Beach-Chengalpattu section.
Here is the existing key infrastructure available in and around Porur, Chennai.
| Porur, Chennai key infrastructure links | ||
|---|---|---|
| Schools (Within 5 km radius) | Hospitals (Within 5-6 km radius) | Entertainment hubs (Within 5-9 km radius) |
| SRM Easwari Engineering College | Chinna Porur Government Hospital | Forum Vijaya Mall |
| Assisi School | St Thomas Hospital | 10 Square Mall |
| La Chatlaine | Viganesh Hospitals | |
| Grace Matriculation Higher Secondary School | JK Hospitals | Chandra Metro Mall |
Source: 99acres
Upcoming metro connectivity
The upcoming Chennai Metro Orange Line (Light House-Poonamalle Bus Depot) and Red Line (Madhavaram-Sholinganallur) will pass through Porur, facilitating convenient and affordable commuting to IT hubs.
Comparable price appreciation and high ROI
The property prices in Porur have increased steadily over the years as the area is strategically located near some major IT centres. Besides, the demand for residential and independent homes by IT professionals contributes to the real estate price rise in the locality. This micro market has registered a 37.3 percent price appreciation in the last three years. Current listings for 99acres show that the average property price is around Rs 7,550 per sq ft.
| Porur, Chennai property market trends | |||
|---|---|---|---|
| Average price | Last 1 year | Last 3 years | Last 5 years |
| Rs 7,550 per sq ft | 8.6 percent | 37.3 percent | 38.5 percent |
Disclaimer: The above price trends and average property price are based on the 99acres listings as of August 2024.
Real estate offerings & their affordability
Porur has apartments in 2BHK, 3BHK, and 4BHK configurations. Here is the price range of flats for sale in Porur:
- 2BHK in Porur: Rs 54.71 lakhs – Rs 89.99 lakhs
- 3BHK in Porur: Rs 75.45 lakhs – Rs 1.4 crores
- 4BHK in Porur: Rs 1.57 crores – Rs 3.09 crores
Popular projects and builders
Leading real estate developers have a presence with their projects that have become popular in Porur, including:
| Popular projects and builders in Porur | |
|---|---|
| Popular builders | Popular projects |
| Prestige Group | Prestige Bella Vista |
| Prince Foundations | Prince Highlands |
| Appaswamy Real Estate | Appaswamy Platina |
| SPR India | SPR Osian Chlorophyll |
| VGN Home | VGN Summerdale |
| TVS Emerald | TVS Emerald Green Enclave |
To sum up, investors continue to prefer Porur due to its strategic location, easy access to major IT hubs, and growing infrastructure, which makes it an investment hotspot for those looking to capitalise on Chennai’s expanding real estate market. The steady rise in property values, combined with the area’s evolving amenities and connectivity, presents a promising opportunity for growth.
