CHENNAI: Located on the GST Road in South Chennai, Urapakkam has been the place IT professionals prefer for rental housing. As a suburb in the Kanchipuram District, Urappakam is located between Vandalur and Guduvancheri. Here are some of the major reasons it holds good prospects.
In terms of connectivity, Urapakkam is all set to get a facelift as many infrastructural projects are under the pipeline. As S Kirubakaran of Remax Choice Reality says, “the construction of the Railway Over Bridge that was started in 2010 is nearing completion.” Further, the proposed Monorail Corridor project will also benefit the area. As Urappakam is just next to Vandalur, it will definitely get a shot in the arm with the Phase I of monorail, which is from Vandalur to Puzhal.
“Accessibility to the Vandalur-Kelambakkam Road, Oragadam-Sriperumbudur Road and the Outer Ring Road further promote connectivity in and around the Chennai city to a great extent,” informs Mahender Kumar of Kumar Properties.
Further, the connectivity to Oragadam through Chennai Bypass Road is also boding well for the area. In an ideal scenario, the distance of 36 km could be covered in just 40-50 minutes, through private transport. Hence, people working in this industrial hub also prefer Urappakam.
In addition to the connectivity, Urappakam also enjoys the location advantage. There are many IT Parks and industries in the vicinity that are generating a healthy demand for rental properties. Sriram Gateway SEZ, L&T Estancia Special Economic Zone (SEZ), Madras Export Processing Zone (MEPZ) and Krisp IT Park are some of the commercial centres that are easily accessible from this locality. Mahindra World City, which is another major commercial centre, houses organisations such as Infosys, Wipro, Tech Mahindra, BMW, Renault Nissan and TVS.
“People working in these companies prefer Urapakkam to reduce their daily commute time,” says GR Moorthy of VIP Property Promoters and Marketers.
Well-developed social and physical infrastructure is also acting as a catalyst in driving tenants to Urappakam. Civic amenities and facilities such as hospitals, banks, educational institutions and shopping centres are available within the radius of 5-6 km.
As per data with MagicBrick.com, a standard 2BHK apartment is available on rent for Rs 6,000-8,000 per month, while a 3BHK apartment commands anywhere between Rs 8,000-10,000 per month.
The projects in this area offer options from furnished to unfurnished apartments. The latter comes with amenities such as air conditioner, Wi-Fi connectivity and gymnasium. Features such as 24-hours power backup, water supply and parking space are common in both the options.
Key take aways
Urappakam enjoys connectivity through Vandalur-Orgadam Road and Vandalur-Kelambakkam Road.
Proximity to IT companies is driving demand for rental accommodation in the area.
Urapakkam suburban railway station is within the radius of 2 km.
2BHK and 3BHK apartments are generally available in the range of Rs 6,000-8,000 and Rs 8,000-10,000 per month, respectively.