Project In Focus: Galleria Residences by Alliance, Chennai
Pallavaram is a rapidly growing suburban area of Chennai. It is a bustling locality owing to the presence of a railway station as well as its proximity to the international airport and several IT companies. The area recently received the 'taluk' status and is also experiencing infrastructure and connectivity improvements. Investing in Pallavaram is surely going to be a fulfilling experience for any homebuyer.
Alliance Infrastructure Projects Pvt. Ltd., a leading developer in the area, has launched a new housing project by the name Galleria Residences. PropGuide lists the key features of this stunning property:
About the property
Project RERA ID: TN/29/Building/0008/2017 dated 09/08/2017
Galleria Residences is an upcoming residential property spread over 9.09 acres. Designed to offer complete privacy and comfort, the apartments are available in 1, 2 and 3BHK configurations with unit sizes varying between 618 sq ft and 1,704 sq ft. There is a total of 720 units of new and resale apartments under the project. The apartments are planned with no common walls between them which is a striking feature of the property. Launched in August 2016, the project will be ready for possession by March 2018. Designed in a Vastu compliant way, the property has ample open spaces including an amphitheatre, jogging track and landscaped gardens.
Amenities available for the residents include:
The developer
The property has been developed by leading real estate developer, Alliance Infrastructure Projects Pvt. Ltd. The company has a reputation of leading projects worth Rs 5,000 crore with 1.04 crore sqft (10.4 million sqft) . It has also steered projects for integrated townships, ultra-luxury villas, shopping malls and multiplexes.
Neighbourhood
Pallavaram is one of the oldest and fastest growing suburban localities in Chennai. Renowned IT companies are situated in the vicinity such as TCS, Wipro and EPS Techno Software Solutions which has resulted in a healthy demand for rental properties in the area as well. An upcoming Embassy IT Park is just 5 minutes from the locality.
Also read: Plots Starting At Rs 2.5L; Over 1,300 Projects Up For Grabs Along Chennai's GST Road
Tamil Nadu government is planning to develop satellite municipal corporations around Pallavaram, Avadi and Tambaram. Pallavaram is expected to see merger of Anakaputur and Pammal municipalities and Cowl Bazaar village panchayat, an effort to facilitate governance in the region. The area is witnessing new construction and properties in various stages of construction are available. This includes under-construction as well as ready-to-move-in apartments.
Connectivity
Nestled on Thoraipakkam - Pallavaram Radial Road, the 200 ft Radial Road in Pallavaram links Velachery-Tambaram Main Road and OMR with Chennai-Trichy Highway. The area has a railway station and is easily accessible from the Chennai International Airport. The locality offers direct connectivity to popular places like Velachery, OMR, GST, Madipakkam and Medavakkam. Upcoming flyover in the area is expected to resolve traffic congestion and improve commuting experience for the residents. Public transportation is provided by taxis and buses.
Also read: All You Need To Know About Chennai's Property Market
Social Infrastructure
The area has a plethora of social amenities such as colleges, schools, cinema theatres, bank branches, shopping complexes, retail outlets, healthcare centres as well as commercial spaces. Pallavaram offers a serene lifestyle with a sound availability of water and power supply as well as civic amenities such as parks for the residents.
Average price in the area
Average capital value of homes in the locality is Rs 5,461 per sq ft. The 1BHK apartment is available for Rs 32.4 lakh for unit sizes of 615 sq ft while 2BHK apartments are priced 52.7 lakh for unit sizes of 966 sq ft. The 3BHK apartments are priced at 74.1 lakh for unit sizes of 1,411 sq ft. These may vary depending on determinant factors.
PropGuide's verdict
Galleria Residences is a budget-friendly project and is recommended for families looking for a modern lifestyle in Chennai suburb. With the availability of 1BHK homes, the property is also a suitable option for small-sized families or working professionals seeking comfortable accommodation close to their workplaces.
Find Galleria Residences on PropTiger.