Chennai’s Growing Suburb worth Investing: Thoraipakkam

Thoraipakkam is one of Chennai’s fastest growing localities, since it connects the major IT companies to the city, and it is located on the Old Mahabalipuram Road (OMR), the first six-lane road on Chennai, also known as the IT Expressway. This locality is on the eastern banks of the Pallikaranai Marsh and is just 3 kilometres in length, starting from Perungudi to the north. Till 2011, it was a part of village panchayat in Kancheevaram district; later, it was incorporated within Chennai Corporation limits.

Reaching Thoraipakkam

As this locality is known as one of the IT corridors, connectivity to this locality has become very convenient. One can find regular MTC buses from Madhya Kailash, Adyar, Velachery, High Court, T. Nagar, Koyambedu, Parry's Corner and Mahabalipuram to this locality. Apart from these, the bus which plies between Sholinganallur and Kelambakkam passes through Thoraipakkam making it easier for the residents of Thoraipakkam flats. Also, there are share autos, which are a popular mode of commutation. The nearest rail station is Velachery Mass Rapid Transport System, which is just 5-6 km from Thoraipakkam.

Thoraipakkam is well-connected to the Grand Southern Trunk (GST) Road via the Thoraipakkam Pallavaram Radial Road. After the construction of Radial Road, Chennai Airport is just 20 minutes away from this locality. This road has changed the whole outlook of Thoraipakkam, as it enables quicker and easier movement of traffic between the major arterial roads to the south of Chennai including GST Road and Tambaram-Velachery main road and Old Mahabalipuram road.

Entertainment, Healthcare and Education

Having good school and hospitals in close proximity enhances the creditability of any locality. Thoraipakkam is blessed with well-known international schools. Some of them worth mentioning are APL Global School, RMT International, Al Fajr International School, British International School, Gateway American International School and German International. One can also find an arts and science college, Dhanraj Baid Jain College (DB Jain College), which is known as an oldest landmark in this area. Some of the good hospitals in this locality are Nanthini Hospital, R.M. Hospital and Take Care Hospital. Builders are constructing apartments in Thoraipakkam keeping in mind the proximity to all these facilities.

Real Estate growth

As a huge number of IT companies like Cognizant, TCS, Amazon, TVS Infotech and other have established their operation here, the real estate skyline has drastically changed. Thoraipakkam has become a residential as well as commercial hub for the builders and developers of Chennai. Builders are coming up with villas, multistory apartments and good residential projects in Thoraipakkam. Some of the well known ongoing projects in residential sector in Thoraipakkam are Mulberry Apartments by Green Leaves Estate, Jains Pebble by Jain Housing and Constructions, Hibiscus by City Land Promoters and Palican Nest by Elegant Constructions. Some of the builders are providing various amenities like garden, swimming pool, 24 hrs power back-up, club house, gymnasium, rain water harvesting among others to attract the IT professionals working in nearby IT companies. Mostly all the flats in Thoraipakkam are in the 2 BHK to 4 BHK configurations. Even after such developments property prices are affordable when compared to posh localities like Velachery.

Real Estate Prices

The flat for sale in Thoraipakkam is also seeing a downtrend of 3% in q-o-q. The highest locality price is Rs. 5500 per square foot, the lowest being Rs. 5000 and the average cost per square foot is Rs. 5300. The rent for residential houses and flats in Thoraipakkam is Rs. 14 to 15 per square foot. The rent for commercial property like office space is Rs. Rs. 50 per square foot in Thoraipakkam. The price of land for sale in Thoraipakkam is sky-rocketing, it ranges from few lakhs to crores.
For residents who are looking for affordable apartments near to work area, good schools and with good amenities can definitely make Thoraipakkam their home.