Pallikaranai is one of the fast growing residential areas, located in South . The locality falls under the Metropolitan and is surrounded by Velachery in the North, Medavakkam in the South, Kovilambakkam in the West and Okkiyam Thuraipakkam in the East. It is in close proximity to the IT Corridor , Chennai's central business district and the Automobile hub at the GST road.
The premium residential localities in Pallikaranai include Kamakoti Nagar, Jeyachandran Nagar, New Colony, IIT colony, Sri Ganapathy Nagar, Shanti Nagar, Maxworth Nagar and Rajalakshmi Nagar. This locality is high in demand for residential spaces across South owing to its accessibility and connectivity to other major parts of the city.
Connectivity
Pallikaranai is well connected to other parts of the city via road, rail and public transport. The region is well connected to other major locations via two arterial roads – Main Road and Pallvaram-Thoraipakkam radial road. International Airport is located at a distance of 12.3 Kms from Pallikaranai via Pallavaram-Thuraipakkam Road. Also, the Chrompet Railway Station is situated about 9 kms via Velachery- High Road. The upcoming monorail corridor having Pallikaranai as one of the station is expected to increase the demand of residential properties in this region.
Shopping Malls
There are several malls and shopping complexes scattered around various parts of . Some of the popular joints for recreational purposes located nearby include Phoenix Market city (12 mins), Big Bazaar (25 min drive), Alsa Mall and Express Avenue (30 min drive).
Schools and Hospitals
There are several educational institutions in Pallikaranai, which include schools as well as colleges. Some of the notable schools include St. Anthonys Matriculation, Jacient Matriculation, Infant Jesus Matriculation School, Ramya Nursery and Primary School and the proposed DAV Public School. Jerusalem Engineering College, Balaji Dental College and National Institute of Ocean Technology are famous colleges here.
The list of hospitals includes Dr. Kamakshi Memorial Hospital and a paramedical institute (Dr. Kamakshi Institute of paramedical Sciences).
Real Estate in Pallikaranai
Infrastructure development such as extension of Mass Rapid Transit System (MRTS), improvement in road connectivity and the proposed monorail project are adding an edge the realty market of this area. It is home to newly build constructions including condominiums, cooperative multistorey societies, and builder floor apartments. In addition, residential plots are also available here.
The average property price in Pallikaranai is Rs. 4,600 per sq.ft, minimum property price is Rs. 3,700 per sq.ft. and the maximum being Rs. 5,300 per sq.ft. There are 31 ongoing projects in the area and 9 projects are due for possession in 2014. Prominent builders here include Puravankara, Sai Foundations, SRM Builders, Akra homes etc.
Property rates in Pallikaranai have risen by upto 13.2% in last 6 months.
Some of the recently launched projects in Pallikaranai, that you might be interested in, are Viswaas.
