Kelambakkam is located on the OMR Road and is a fast growing residential housing destination on account of its connectivity options, proximity to several IT companies and upcoming metro projects in the area. A few localities like Thoraipakkam, Siruseri, Medavakkam and Navalur in South Chennai have always been preferred when it comes to investing in residential property but Kelambakkam is now topping the list of coveted property markets.
There are several upcoming projects including the expansion of the metro network and the development of the expressway, which will definitely boost real estate development in Kelambakkam hugely over the next few years. The area is strategically located in close proximity to the offices of several leading IT companies like TCS, Infosys and Wipro and the SIPCOT IT Park is also located only a few kilometres away from the neighbourhood. Office space is readily available in the area and several companies have already set up shop accordingly. There is a growing trend for the development of IT Parks in this stretch and the area has been transformed in terms of physical infrastructure and its skyline.
The residential market in Kelambakkam is also seeing demand from IT and other professionals who are looking to stay closer to their workplace. This demand will grow with more employment opportunities in the entire belt over the next 2-3 years. Apart from apartment complexes, there are independent houses and villas available in Kelambakkam as well. The locality offers good connectivity to the State Highway and the Kelambakkam-Covelong Road is another lifeline. There is hassle free train and bus connectivity and the Urapakkam railway station can be accessed easily as well.
The metro railway project in proximity to the IT corridor will lower traffic congestion hugely in the near future. There are several hospitals, educational zones and entertainment centres in this locality. Kelambakkam is in the throes of a major change and there are several premium projects coming up here like Akshaya Disney and many others by reputed real estate developers. Comparative cost effectiveness in this residential property market is a major USP and should keep the buyers coming to Kelambakkam.