Sholinganallur, a vibrant neighbourhood in Chennai, has emerged as a prime location for real estate investment in 2024. This area is gaining traction among investors and homebuyers, thanks to its strategic positioning, robust infrastructure, and growing commercial landscape, which collectively contribute to its appeal.

Key Reasons to Invest in Sholinganallur

Strategic Location

Sholinganallur is strategically situated along the IT corridor, making it particularly attractive for professionals working in the technology sector. Its proximity to major IT parks, including the renowned Tidel Park and several IT companies, positions it as a desirable residential area for tech employees seeking convenience and accessibility.

Excellent Connectivity

The neighbourhood boasts excellent connectivity through major roadways, such as the Old Mahabalipuram Road (OMR), which links it directly to key areas of Chennai, including the city centre and the airport. The upcoming Chennai Metro expansion is expected to further enhance transportation options, making commuting easier for residents and boosting property demand.

Comprehensive Infrastructure

Sholinganallur is well-equipped with essential infrastructure, including educational institutions, healthcare facilities, and shopping centres. Notable schools, such as the American International School and the Global Indian International School, along with hospitals like Global Health City, provide residents with quality services and amenities. Additionally, shopping hubs like the Grand Mall and the OMR Food Street cater to diverse lifestyle needs.

Rising Property Values

The real estate market in Sholinganallur has witnessed significant growth, with property prices appreciating by approximately 30% over the past three years. Currently, the average property price in the area stands at around ₹8,500 per square foot. This consistent increase in property values, coupled with the high demand for residential units, makes Sholinganallur a compelling investment opportunity.

Property Price Trends in Sholinganallur :

 Average Price: ₹8,500 per sq ft            

 Price Increase (Last Year): 10%              

 Price Increase (Last 3 Years): 30%           

 Price Increase (Last 5 Years): 45%           

Diverse Housing Options

Sholinganallur offers various housing options, catering to various budgets and preferences. The price ranges for different types of apartments are as follows:

- 1BHK: ₹30 lakhs – ₹50 lakhs

- 2BHK: ₹50 lakhs – ₹90 lakhs

- 3BHK: ₹80 lakhs – ₹1.5 crores

- 4BHK: ₹1.5 crores – ₹3 crores

In summary, Sholinganallur represents a promising investment destination within Chennai's real estate market. Its strategic location, excellent connectivity, comprehensive infrastructure, and consistent growth in property values make it an attractive option for investors looking for stability and potential returns in a dynamic environment.