Sholinganallur, also known as Solinganalloor or Sozhinganalloor, is in southern Chennai. Connected by key roads such as Old Mahabalipuram Road (OMR), East Coast Road (ECR), and Velachery-Tambaram Road, the locality makes it easy for residents to commute every day to other parts of the city and employment hubs. 99acres brings forth different aspects of this micro market to help investors make an informed investment decision:
Why is Sholinganallur popular?
Sholinganallur offers seamless connectivity to Chennai’s major IT and business corridor, Old Mahabalipuram Road (OMR), via Rajiv Gandhi Salai. It has various IT parks in the vicinity, such as Futura Tech Park, ELCOT SEZ IT Park, and Sholinganallur Corporation Park. In addition to this, numerous IT companies such as Tech Mahindra, HCL, Wipro, TCS, and Infosys are within a 5 km radius. The convenience of living close to work has made the locality a preferred residential destination.
Furthermore, compared to more densely populated parts of Chennai, Sholinganallur offers a relatively greener environment suitable for those seeking a serene urban lifestyle.
What makes Sholinganallur a perfect investment destination?
The following are the factors that make Sholinganallur a hotspot for investors:
Consistent housing demand
Owing to its proximity to some of the top companies in Chennai, housing demand in Sholinganallur has consistently been strong. This has fuelled rapid growth in residential development, catering to various budget segments, from affordable apartments to luxury villas. DRA D Elite, Casagrand Royale, Prestige Courtyards, and Embassy Residency are among the prominent housing societies in the locality.
Here is the price range of flats for sale in Sholinganallur:
- 1BHK in Sholinganallur: Rs 19.4 lakhs – Rs 1.11 crores
- 2BHK in Sholinganallur: Rs 50.01 lakhs – Rs 92.9 lakhs
- 3BHK in Sholinganallur: Rs 84.05 lakhs – Rs 1.28 crores
- 4BHK in Sholinganallur: Rs 1.44 crores – Rs 2.44 crores
Scope of price appreciation
Sholinganallur’s property prices have shown consistent appreciation over the years. The locality has recorded around 35 percent price appreciation in the last three years. Current listings on 99acres show that the average property price is Rs 6,750 per sq ft. Property prices in the micro market will likely increase with planned significant infrastructure development.
| Sholinganallur, Chennai property market trends | |||
|---|---|---|---|
| Average price | Last 1 year | Last 3 years | Last 5 years |
| Rs 6,750 per sq ft | 9.8 percent | 35 percent | 20.5 percent |
Disclaimer: The above price trends and average property price are based on the 99acres listings as of August 2024.
Upcoming infrastructural projects
The planned infrastructure upgrade of the area is expected to boost demand for housing in Sholinganallur. Here are the upcoming projects in the micro market:
- The Purple Line of Chennai Metro, which will link Madhavaram Milk Colony to SIPCOT, will pass through Sholinganallur
- The construction of a three-span bridge on Sholinganallur-Medavakkam Road is underway
- Planned underground sewage network at Sholinganallur to support the growing population in the area
- Planned two sponge parks at Sholinganallur to recharge groundwater and prevent waterlogging
Social and physical infrastructure
Sholinganallur is home to some of Chennai’s well-known schools, colleges, and other educational institutions. This aspect has made the area popular among families who seek quality education for their children. The availability of reliable healthcare facilities also adds to the appeal of Sholinganallur, providing residents with peace of mind. Notably, the locality has received a 4.3 rating out of five, on the 99acres Ratings and Reviews platform.
Here are the key infrastructure links for Sholinganallur, Chennai:
| Social and Physical Infrastructure in Sholinganallur | ||
|---|---|---|
| Schools (Within 5 km) | Hospitals (Within 3 km) | Entertainment hubs (8 km) |
| Orchids The International School, Thoraipakkam | KL Hospital | Vivira Mall |
| National Institute of Management Studies | Chettinad Super Speciality Hospital | The Crown Mall |
| St Joseph's Institute of Technology | Swaram Hospital and Speciality Clinic | The Marina Mall |
| Shri Sakthi Vidyalaya | Shri Sai Children's Hospital and Dental Clinic | |
| KCG College of Technology | Centre for Vision and Eye Surgery | |
Connectivity
Sholinganallur has excellent connectivity with other parts of Chennai and the rest of Tamil Nadu. One of the area’s arterial roads, Sholinganallur Main Road, connects the IT corridor OMR and state highway East Coast Road (ECR). Besides, Semmanchery MTC Terminus and Kannagi Nagar MTC Terminus are in their vicinity, which enhances the connectivity to Sholinganallur.
To sum up, Sholinganallur stands out as a prime investment destination in Chennai's real estate market. This micro-market will likely bring long-term growth opportunities for investors due to its proximity to the IT hubs and ongoing infrastructure developments like the metro rail.
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