With infrastructure growth in the area, Iyyapanthangal in Chennai has become one of the most sought after destinations in Chennai. The area now offers better connectivity to the people here.
The home buyers are always keen to know the connectivity of the area. Once they feel that a residential property is located in a location where they can enjoy better connectivity, their sentiments are boosted and they readily buy out the property. This is what happens in Iyyapanthangal in Chennai now.
Iyyapanthangal; an area located in the Sriperumbudur Taluk of Kancheepuram district, has carved a place for itself in the Chennai’s real estate landscape. The growth of the area is mainly due to its improved connectivity and infrastructure development.
Iyyapanthangal is rightly supported by better connectivity and infrastructure. The residents of the location enjoy better advantages as it is situated between the Bangalore Highway and the Grand South Trunk Road which provides better connectivity.
Connectivity and infrastructure development affects the property prices of the area which move upward day by day. The average capital value for the properties here range from Rs.4000 to Rs.6000 per sq. ft. There is an increase in the rental rates of the area as well.
According to Mr. M R Sriram; Royal Splendour’s Managing Director, majority of the people- (approximately or over 70% of the home buyers) are demanding for 2 BHK apartments. He added that this home-size is the most preferred choice in the area.
Iyyapanthangal is close to Sriperumbudur industrial belt and DLF SEZ and so the demand is raised mainly by those professionals who are working in these areas. At present there are only a few ready–to-move-in residential apartments in the area. This is also one of the main reasons why there is a higher demand for properties in Iyyapanthangal which is located almost 15 Kms away from here.
End-users are attracted to the well-developed social and physical infrastructure of the area. At present there are many good schools and other professional and higher educational institutions, hospitals and health care facilities, etc. Apart from all these, the construction of good roads also plays an important role in the growth of Iyyapanthangal which has already become a good development site for many real estate developers of the area.