Choosing Velachery to buy Properties
Velachery is a neighborhood of Chennai. It is located in the southern part of the Chennai city sharing borders with Guindy in the north, Taramani in the east, Perungudi in the south-east, Pallikaranai in the south, Madipakkam in south-west, Adambakkam in the west and north-west. It is the headquarters of Velachery taluk and straddles the boundary between Chennai and Kancheepuram districts.
Strategically located in South Chennai, Velachery is a growing hub for both residential and commercial real estate.
Residential Velachery is home to malls like the huge, upscale Phoenix Marketcity, with fashion stores, a cinema, and Indian and global dining. Elsewhere, stylish eateries, bars, and ice cream shops dot busy streets, while temples include Dhandeeswaram, with a carved, white gateway tower. The district borders the wetlands of Pallikaranai Bird Watching Area and sprawling Guindy National Park, known for its wildlife.
Velachery in Chennai, India is growing rapidly:
Residential and commercial growth: Velachery has transformed from a quiet town into a bustling residential and commercial center.
Apartment supply: The number of apartments in Velachery has increased in recent years.
Standard of living: The standard of living in Velachery has increased considerably.
Hospitals:Dr. Kamakshi Memorial Hospital in Pallikaranai
Prashanth Super Speciality Hospital
Shopping malls: Phoenix Market City and The Grand Mall are two large shopping malls in Velachery.
IT parks: The proximity of Velachery to the Central Business Districts of Chennai and the emergence of IT parks on the Old Mahabalipuram road have attracted IT and working-class people to the area.
Several IT/ITES companies have set up their offices in Velachery. Some major ones include Tata Consultancy Services (TCS), ZOHO Corp, AllSec Technologies. Laptopstore, Fyndus, TeleData and Sutherland Global Services. IT and working-class people prefer to settle in Velachery as more IT parks emerge on the Old Mahabalipuram road and its proximity to the Central Business Districts of Chennai. This part of Chennai was considered to be socio-economically backwards a decade ago, but the area has changed rapidly after a string of key residential projects. The standard of living in and around Velachery has increased considerably.
Phoenix Market City was opened in January 2013 at Velachery is one of India’s Biggest shopping Malls Further, The Grand Mall was also opened in 2013 near the Velachery railway station.
