Kilambakkam Bus Terminus Impact On South Chennai Real Estate In 2023
- Kilambakkam Bus Terminus – South Chennai has seen excellent growth in recent years with OMR and ECR transforming into IT Hubs.
- The superior infrastructure and locational advantages of South Chennai are highly suitable for IT-ITeS, Automobile, and manufacturing industries.
- South Chennai has contributed to nearly 40% of the new apartments launched in the city.
- The presence of a good number of IT establishments, manufacturing units, inter-hubs, and special economic zones has been tremendously stimulating the growth in south Chennai.
- South Chennai has recorded the construction of the maximum number of apartments in the last few years.
- Recently, Most numbers of new launches have happened in South Chennai. Housing sales increase by 8% year-on-year in this area.
- The maximum number of sales happens in South Chennai
- The South recorded the highest number of launches and sales over the last three years. 66% of housing sales happened in the south alone.
- The expected quick growth of infrastructures and connectivity in the region will boost the real estate demand
The Importance Of Future Survival Needs
- The advantage of South Chennai is that most of the suburbs in South Chennai are located strategically along the IT corridors and the industrial areas. The coverage will be good. Most of the IT industries are situated in South Chennai. So South Chennai has become the IT center of the city.
- The completion of this Kilambakkam bus terminus project will tremendously increase the service of all types of transport in this area.
- All the nearby areas such as Vandalur, Tambaram, Guduvanchery, and Maraimalai Nagar will get a very tremendous advantage from CMBT services.
- The popular go-to residential markets of south Chennai are the suburbs of Tambaram, Perumbakkam, Sholinganallur, Injambakkam, Thoraipakkam, Velachery, Guduvanchery and Pallikaranai, and Adayar. They have witnessed exponential growth in the residential market due to the increase in commercial activity.
- This connectivity will be very useful for speedy commutation within Chennai City as well as with other parts of Tamilnadu and also other cities.
- The influx of several IT and financial services and MNCs is expanding the south Chennai housing market considerably.
- The plan for the total number of Buses, the coverage, and their frequency will be good.
- This excellent connectivity will be very useful for the speedy development and business growth of this area.
The Amenities Of New CMBT - A Brief About CMBT Bus Stand
- The total area of the upcoming Kilambakkam Bus Terminus(Mofussil BusTerminus) is 88.25 acres and it is 10 times bigger than the Koyambedu Bus Terminus.
- The Kilambakkam Bus Terminus is situated between Vandalur and Urapakkam.
- The total cost of the Kilambakkam Bus Terminus project is Rs.394 crores.
- There is a proper plan for parking 350 buses at a time and 9.9 acres are allocated for parking MTC Buses.
- 2 acres are separately allocated for the purpose of parking bikes and motorcycles.
- There are provisions for ATM Centres, Medical shops, two restaurants, Malls, and a total of 49 shops.
- A convention center for display is planned. This convention center will display all the famous goods from all the districts of Tamil Nadu.
Excellent Area Connectivity And Its Impact
- The upcoming CMBT at Kilambakkam bus terminus will cover all the important places in Chennai and provide service to all the states in Tamilnadu and other parts of India
- The upcoming New Kilambakkam bus terminus will increase commutation and will play an important role in the entire development of the area.
- The metro phase II project will be ready in 2025 and it will provide connectivity between Airport and Kilambakkam bus terminus.
- The ongoing conversion project of 2 Lane to 4 Lane GST – OMR Project will get completed in 2022. The completion of this project will get the routine bus service of Pondicherry and OMR buses in this stretch
- The Perungalathur flyover will be ready in 2022.
- The nearby presence of the Outer ring road, Maraimalainagar Road, GST Road, and Maduravoyal – Tambaram bypass road will tremendously increase the connectivity and the mass movement of all categories of people between these areas.
- The Monorail project connecting Vandalur, Puzhal, and Velachery will be completed in 2025.
- This type of good coverage by CMBT will enhance all types of business and transport in and around areas.
- This service will be very useful to IT and business people in Guduvanchery, Maraimlar Nagar, and Tambaram.
Factors In Favour
- Locational advantage of the area with better infrastructure and excellent connectivity.
- The presence of nearby metro stations makes the commute smooth from one mode of transport to another mode of transport for commuters.
- Presence of excellent social infrastructure and the best internal road connections to all the nearby surrounding areas.
- Possibility to avail great shopping experience with all kinds of shops and also malls.
- The surrounding areas got a plenty number of reputed CBSE schools, govt schools, and professional & Arts colleges to satisfy the educational needs of students. Some of the CBSE schools already started opening their branches in the developing inner areas to cater to the demand in the future.
- There are a number of well-known hospitals and healthcare centers. It makes people finalize the land for sale in this area without the fear of emergency situations.
- There are a good number of reputed well-known Banks and ATM centers available for immediate money transactions.
- The connectivity to nearby malls and entertainment facilities is great.
- The presence of IT industries, Automobile industries, and all other types of industries and the proximity to employment centers are excellent.
- The new developments are taking place in the nearby developing and suburban areas.
- There is always a scope for accelerated social and physical infrastructure development in the future.
- High-value appreciation is always possible in the future.
- The possibility for speedy liquidation is great.
- provide the best budgetary options to all categories of people for the selection of plots.
The Effect Of Eco-friendly Nature
- The purity of air and natural beauty attracts many to choose for their happy and healthy life.
- The availability of vast open areas with a good number of trees, lakes, and small mountains gives a surplus quantity of fresh pollution-free air to breath
- The most important need of everyday life is water.
- The presence of lakes and the availability of abundant water in the nearby areas makes the people happily prefer the plots in this area to be free from water scarcity.
Tremendous Growth Opportunities In Real Estates
- The tremendous increase in population and the growing demand for their living spaces will increase the real estate industry.
- The construction activities will get the momentum to start their activities for apartments and individual houses at many places in this area.
- The availability of multiple plots of multiple sizes at multiple locations helps people to choose the best for their future needs.
- The favorable square feet rates provide the option that the people can select individual plots or apartments according to their expansion possibilities.
- Nowadays people have started realizing the need to give equal importance to today’s demands and tomorrow’s expectations.
- The inner places of Chennai are almost saturated and new developments are taking place in developing and suburban areas.
- Existing Companies with expansion possibilities
- The Zoho company
- The Mahendra Ford company
- The cognizant company
- The TCS Company
- The Intimate fashions
- The Infosys company
- Upcoming New Companies / Projects
- Capita Land India, a Singapore-based company is going to start “ Pallavaram Tech Park “
- The Tidco – Financial Tech City project will have international banks & stock exchange centers.
- The availability of large square feet areas at favorable rates attracts many IT and All types of industries and offices to start their offices.
- better connectivity and mobility make the builders easily convince the buyers to select plots for sale.
Conclusion
- South Chennai is fast becoming a major real estate hub.
- The strategic location of the bus stand will lead to the rapid development of new areas along with amenities like schools, colleges, hospitals, and other civic facilities making them attract homebuyers.
- The well-developing is going to be the best place that will meet all the requirements of the upcoming generations
- The real estate market in Chennai has been supported by rapidly increasing expansion and subsequent commercial activities.
- The best builders in Guduvanchery are very familiar with the location and its benefits.
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