Project In Focus: Emami Tejomaya, Chennai
For investors and home buyers eying property options in Chennai suburbs, the time is right to head towards the southern fringes. Navallur on the Old Mahabalipuram Road (OMR) is one micro-market here which is fast-developing into a promising residential destination owing to its proximity to IT hubs.
Tejomaya by Emami Realty is an upcoming premium housing project in the location that buyers can consider. PropGuide brings you more details about the project:
About the property
RERA ID: TN/01/Building/0047/2017
Emami Tejomaya is an under-construction 8.35-acre residential property in south Chennai suburb. Launched in March 2016, the project will be available for possession by July 2018. The project has been constructed and designed by renowned groups such as L&T, SRSS (Singapore) and Sitetectonix (Singapore) , respectively. This gated complex comprises three towers with 27 floors. It offers 498 premium apartments in 2, 3 and 4BHK sizes, and 1BHK studio units, with area ranging from 498 sqft to 2,903 sqft. A world-class lifestyle awaits residents as the project has some high-end amenities such as:
*Expansive mangrove styled orchard garden of about 1.2 acres (50,000 sq ft)
*Five-star club and recreational space on first-floor podium level
*A rainwater harvesting system
*Water and sewage treatment plants
*A multipurpose lawn on podium
*A sports arena for indoor games
*An ATM facility
*Stores for daily needs
*A swimming pool
*A gymnasium and spa
*A children's play area
The developer
Emami Realty, the developer of Emami Tejomaya, began its journey in the industry in 2006. It has successfully delivered landmark projects in the residential, commercial and retail domain, with total space spanning 3.6 crore square feet. The company not only has a presence in metropolises like Mumbai, Kolkata and Chennai but also across fast-growing Indian cities viz. Coimbatore, Hyderabad, Bhubaneshwar, Jhansi, Madurai and Indore as well as overseas in Colombo, Sri Lanka.
Neighbourhood
Navallur is tucked between Siruseri and Sholinganallur in Kancheepuram district, 24 kilometres south of Chennai. Construction and development activities have picked up pace here as several IT companies and IT parks have set up their base in the vicinity. A wide range of properties is available here, including residential plots, independent floors, multi-storey apartments, studio apartments and luxury villas.
Infrastructure and connectivity
Navallur has the aura of a bustling business hub. Several technology parks are in proximity which include ETA Ascon-ETA Tech Park, Alpha City - SSPDL and Pacifica Techpark. Well-known IT companies like Hexaware, Cognizant Technology Solutions, Polaris Software Labs, IBM, HCL Technologies Ltd are all present at a short walking distance from the place.
Established residential locations such as T Nagar, Saidapet, Broadway, Ambattur and CMBT are easily accessed from here through local MTC buses, taxis and autos. The nearest railway station, Tiruchchirapali Railway Station, is 10 kilometres away from the area while Chennai International Airport is 26 kilometres from the region.
Social infrastructure encompasses international schools, engineering colleges and other higher educational institutes and reputed healthcare centres. Entertainment options, malls, restaurants and bank branches are also available in plenty. An upcoming mall named Grand Marina will be located adjacent to the property.
Property prices in Navallur
Residential properties in Navallur have an average price of Rs 4,300 per sqft. Dozens of ready-to-move-in apartments, as well as under-construction properties, are available for investment in the locality. Standard 2BHK homes with an average area of 980 sqft have an average price of Rs 50 lakh. Apartments of 3BHK layouts with an average size of 1,600 sqft are priced at Rs 70 lakh average.
PropGuide's verdict
Many location advantages and proximity to IT and educational hubs, makes Emami Tejomaya a dream project in Navallur among professionals. As IT hubs and infrastructure are developing rapidly, experts predict price appreciation in future.