- Area: 676 SqFeet
- Transaction: Resale Property
- Price: 3,700,000
- Rate: 5,473 per SqFeet -25%
- Possession: Immediate/Ready to move
When you call, please mention that you saw this ad on PropertyWala.com.
- Super Area: 676 Sq.Ft.
- Freehold ownership
- East Facing
- Immediate posession
- Society: Phoenix Market City
Price Trends Velachery, Chennai
Residential Plots / Lands for sale in Velachery, Chennai
Locality Reviews Velachery, Chennai
One of the major reasons for Velachery to become a residential attraction is the infrastructure. The corporation has also invested in rail and road connectivity to Velachery from the central business districts of Chennai.Some major infrastructure projects which are being executed by the Chennai Corporation in Velachery are,
1. MRTS extension connecting Velachery with St. Thomas Mount.
The extension of the MRTS from Velachery to St. Thomas Mount is a long pending project which faced severe hardships since the last 0.5 km stretch of land is to be acquired from densely populated residential localities of St. Thomas Mount. This project is likely to be completed soon, as the link is crucial to realize the maximum usage of the MRTS.
2. Construction of storm water drain connecting Velachery with South Buckingham canal.
The storm water drain network is being constructed underneath the 6 lane road connecting Velachery with Taramani. This project is funded by the world bank.
3. Construction of twin flyovers at the busy Vijayanagar junction in Velachery.
The busy Vijayanagar junction in Velachery is to dot with twin multilevel flyovers that connects three arterial roads namely Velachery-Tambaram main road, 100 feet bypass road and Taramani link road. These flyovers would bring much relief to the traffic choked Vijayanagar junction.
4. Beautification of Velachery lake.
A detailed project report was prepared to make Velachery lake fit for boating and to make it a tourist attraction. The corporation has initiated a major development plan for Velachery lake since it is one of the very few surviving water bodies in the city. The lake also serves as a major ground water recharge for the adjoining localities.
The nearest airport to Velachery is the Chennai International Airport near Meenambakkam which is at a distance of ~8–10.5 km. The shortest way to reach the airport is by using the Inner Ring Road (IRR) which is less traffic prone. The other way is to go via Guindy using the GST-Anna Salai(Mount Road) route which is more traffic prone and it is the longest route.There are direct volvo buses between Airport and Velachery operated by MTC. Autos (Indian Taxi) and Taxicab ply between Airport and Velachery at a nominal cost of Rs 200-250 (US$4–5). MTC buses also ply on this route but one has to break the journey and change buses.
Velachery main road between Vijayanagar bus stand and Gurunanak college
Velachery is well connected to rest of the city by bus services operated by MTC. Vijayanagar Bus Terminus is the major and biggest bus stand in the Velachery locality from where buses fly to various parts of the city. There are three arterial roads: Velachery Main Road, Taramani Link Road, and Velachery Bypass Road. The Vijayanagar junction is one of the most important junctions in the city.
Station Code: VLCY-- Velachery is well connected by broad gauge rail (Indian gauge) to the rest of the city through the Velachery MRTS Railway Station. The daily EMU services are operated by the Indian Railways. The second part of the Mass Rapid Transit System (MRTS) between Tirumailai and Velachery was formally inaugurated by Dr.Karunanidhi(former CM of Tamil Nadu)in the presence of R.Velu(former Union Minister of State for Railways)and this became operational from 15th day of November 2007.
A railway station on the MRTS line
The Indian railways's original plan was to have an elevated track from Tirumailai(Mylapore) to Taramani and surface line from Taramani to Velachery. But as the soil was soft in and around Taramani and Perungudi, the railways had to go for the elevated track right up to Velachery, which took two more years for the project to complete. The MRTS extension work from Velachery to St. Thomas mount is expected to be completed by 2013. The extension work is going at snail's pace near St. Thomas Mount due to land acquisition and redistribution issues.
There are EMU services from Chennai Beach to Velachery at a minimum interval of 10 minutes and a maximum of 40 minutes. The first service starts at 0500 hrs and the last service is at 2300 hrs during week-days
Tamil Nadu Government has proposed a plan for Monorail connecting Velachery with Vandalur, via Pallikaranai, Medavakkam, Tambaram, making the connectivity to the city with the suburban developing areas.
The Westin Chennai, Velachery
Velachery has new hotels- Westin Chennai, Velachery, ITC Grand Chola, Chennai Park Hyatt, Chennai
- No water problem through out the year and 24 hrs pot able sweet water available in ground water.
- Has good connectivity to IT hub and job prospects are high
- Area is low lying and subject to water logging
Velachery has become a posh area with all facilities as this is located very near to IT industries with MRTS station & Bus stand.
- Highly developed area of Chennai
- Effected by recent flood at Chennai.
Velachery situated on the IT Corridor. It is the place where Tidel Bio Park is situated.
- Easily Accessible to anywhere
- Highly luxurious and full of modern amenities
- Highly developed & urbanised
- I.T. Hub located here
- Well connected with transport system
- Thickly populated
- Noise pollution