Realty prospects in Satellite Cities in Chennai Development of Satellite Cities is an urban concept that has engulfed most major cities in India. It provides a feasible solution to counter the host of issues faced in metro cities as well as other important cities due to population explosion. There are many ill-effects that major cities in India have to face due to rise in their population. They include traffic congestions due to narrow roads and increase in the number of vehicular population, congested or dense living, water and power shortage issues, pollution, waste management, illegal constructions, increase in slums, among others. Chennai is one of the metro cities which has been able to counter these issues to a large extend due to the development of various Satellite cities in and around the city. Arakkonam Arakkonam is located in Vellore district, about 75 km west of the heart of Chennai. Strategically located in the proximity of Chennai, it has been developed as a Satellite city so as to decongest the city as well as to enhance the scope of Vellore as a realty destination. It is a medium-sized town in Vellore with a population of about 101,626 persons as per the 2011 census. Arakkonam junction railway station is the third largest railway station in Vellore district and is strategically located in the intersection of the Bangalore-Chennai line. Besides, it also has the second largest Food Corporation of India (FCI) godown in Tamil Nadu. The INS Rajali runway at Arakkonam is 4,500 m in length, being the second longest airforce runway in South Asia. It is also the second largest Naval Training Center in Asia. Some of the important industries here are MRF, Ultratech Cements and Ramco Industries, among others. Realty impact The area has developed tremendously in realty terms with many large land parcels available for being developed into residential projects. However, it is yet to witness any major residential development in terms of residential apartments and villa projects. However, the ‘Satellite city‘ status that Arakkonam has been bestowed with is expected to enhance its reputation as a residential destination in future. For this infrastructure facilities should get a fillip with the development of reputed educational institutions and industrial hubs, thereby increasing employment opportunities. An important completed residential project here as per CommonFloor listing data which includes apartments and residential plots called Vasantham City Extn I developed by Vasantham City Makers. Besides, there is also an upcoming mega residential project called Richindia Knowledge City being developed by Rich India Groups. They are coming up with apartments, villas and residential plots.
Chengalpattu Chengalpattu is located about 60 km south-west of the heart of Chennai, along NH-45 and is taluk in Kanchipuram district with considerable historic importance. It is a prominent railway station as well as a commercial hub with a medical college as well as many other colleges affiliated to the Madras University. Chengalpattu town has a population of about 62,579 as per the 2011 census. It is well connected by road and rail with the Chennai International airport being just about 40 km from the area. It is a major tourism destination with many renowned tourist spots like Mahabalipuram, Muttukada, Thirukazhukundram located in its vicinity. The Kolavai lake which is the second largest lake in Kanchipuram is located here. Besides, there are many famous temples and industries here. Realty impact The prospect of Chengalpattu developing into an important realty destination is bright given its proximity to Chennai. Besides, the infrastructure that exists in the area is substantial and presents it with the prospects of developing further in realty terms due to potential that the city possesses. The various advantages the area possesses has boosted its realty appeal with the tag of being a satellite city further enhancing its reputation as a residential destination. Some of the prominent completed apartment projects in Chengalpattu are Hallmark Sapphire by Hallmark Infrastructure, Malainur Kudil by Malainur Properties and Royce Ebony by Royce Infrastructure, among others. Important upcoming projects include DRA Ranka Pristine Pavilion by DRA Projects, Bristol Courts by Copper Castle Constructions and Mountain Stream Square by Green Peace Constructions, among others. Source: CommonFloor.com For Latest Updates on Real Estate Updates, Property News and Cities Infrastructure Developments Visit: http://www.commonfloor.com/guide
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