Thiruvanmiyur, Chennai’s Residential Abode

Thiruvanmiyur is one of the posh residential areas located in the southern part of Chennai. The name is derived from Thiru-Valkmiki-Ur, which means a location where the temple of Valkmiki exists. The real estate skyline has undergone a drastic change after the inauguration of one of the first IT Parks in Chennai, Tidel Information Technology Park. This area is also famous for the Marundeeswarar Temple, dedicated to Lord Shiva, where worshippers come from all parts of city and for the Kalashetram which is a cultural academy that develops and conveys Indian culture to their students. This locality is bordered by Adyar, Besant Nagar, Taramani, Indira Nagar and Kottivakkam. Being a posh locality, the property values are much higher when compared to similar-sized properties in other parts of Chennai.

Reaching Thiruvanmiyur

The area is easily accessible from any part of Chennai via trains and buses. The nearest rail station is Thiruvanmiyur Mass Rapid Transit System Railway line that connects it to Velachery and to Beach via Chennai Central station. This railway station is just opposite to Tidel Park, which is a great boon to the workforce which works in different companies in Tidel Park. This locality has its own bus terminus from where regular buses ply to different locations of Chennai including North Chennai. They are Perambur, Thiruvotriyur, Tambaram, CMBT, Broadway and T. Nagar.

Government is proposing new flyovers in this area to reduce the traffic congestion at the peak hours. This new flyover will start near Tidel Park and will connect the Old Mahabalipuram Road (OMR) and the East Coast Road (ECR). Thiruvanmiyur is considered a junction from where the ECR starts and leads to Mahabalipuram and Pondicherry. The demand for flats and apartments in Thiruvanmiyur will increase once the flyover is up and running.

Education, Hospitals and Entertainment

The availability of good school, college and hospital makes it one of the preferred locations for builders in Thiruvanmiyur. Good and reputed schools housed in Thiruvanmiyur are Besant Arundale Senior Secondary School, Sri Sankara Vidhyashram Matriculation School, A School, Al Fajr International School, Kendriya Vidyalaya, American International School, Sishya School and Achariya Bala Siksha Mandir. Numerous engineering colleges have cropped up in and around Thiruvanmiyur. Some of them are Jeppiaar Engineering College, Vel Tech Engineering College, Anna University Engineering College and Sri Venkateswara College Of Engineering among others. Leading hospitals like Malar Hospital and Voluntary Health Service are found in its vicinity. Since so many profession colleges are opening near this locality, it’s easier for the residents of Thiruvanmiyur apartments to access them.

When it comes to entertainment, the resident of Thiruvanmiyur flats prefer to enjoy the picturesque beach which is just 1 km from this area. After a peaceful time at the beach, one can relax at KFC, Dominos, Pizza Hut, Vegnation and White Pepper in Thiruvanmiyur.

Real Estate:

Thiruvanmiyur builders are offering different project to suit the choice of wide variety of people. The growth of real estate is primarily attributed to its connectivity to city centre and the IT corridor OMR. The residential demand for rent and purchased is boosted up due to the connectivity and well developed social infrastructure. One can find a mix of small and large projects offering all kind of configurations. The demand for 2 and 3BHK ranging from 900 to 1200 square feet are in vogue. Flats, Villas, residential houses, gated community are some of the new residential projects under Thiruvanmiyur real estate.

Ongoing projects in Thiruvanmiyur are, Anmol Vishwakarma by Anmol Shrusti, Springs by Appaswamy Real Estates, Sonnet Square by Lancor and TVH Subuthi Thiruvanmiyur by True Value Homes among others. Mostly all the builders provide furnished apartment with all modern lifestyle facilities and amenities, as the demand is more from high paid professionals and businessman.

Price Trends

The flats for sale in Thiruvanmayur are witnessing a decrease of 7% q-o-q. The highest locality price is Rs. 10500 per square foot; lowest locality price is Rs. 9400 per square foot and the average locality prices is Rs. 9900 per square foot. The residential house witnessed 17% decline in rental sector. The rental valued has dipped Rs. 20 per square foot. The rent for commercial space is costing around Rs. 103 per square foot.

Thiruvanmiyur is one of the preferred residential localities in Chennai and, as there is a constant improvement in the infrastructure like road-widening projects and new flyovers to link IT corridors, the locality will always retain the demand for residential and commercial real estate.