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About Properties In Thoraipakkam, Chennai for Sale
Overview of Thoraipakkam
- Thoraipakkam is a premium locality situated in the southern part of .
- Palavakkam, Neelankarai, Mettukuppam, Raj Nagar, Raju Garden, Pallikaranai, Madipakkam, Medavakkam, and Perumbakkam are the nearby localities to Thoraipakkam.
- The locality is strategically placed on the Old Mahabalipuram (OM) Road.
- Thoraipakkam is close to ’s industrial area and IT zones. This is the major source of economic growth for the locality.
- Thoraipakkam was a quiet village before. Now it has transformed into a vibrant residential and commercial hub of .
- Pincode of Thoraipakkam is 600097
Thoraipakkam Residential Market Insights
- The average property price in Thoraipakkam ranges from ₹ 9,000 to ₹ 12,000 per sq. ft.
- The average price of a 1 BHK in Thoraipakkam is around ₹ 25 lakh to ₹ 50 lakh.
- The average price of a 2 BHK in Thoraipakkam is around ₹ 55 lakh to ₹ 1.7 crore.
- The average price of a 3 BHK in Thoraipakkam starts from around ₹ 2 crore to 3.5 crore and more.
- The average rental price in Thoraipakkam ranges from ₹ 12,000 to ₹ 60,000 monthly or more.
- The presence of IT corridors and a good road network has increased rental demand in Thoraipakkam.
- The average price of land plots in Thoraipakkam ranges from ₹ 8,000 to ₹ 10,000 per sq. ft.
- Thoraipakkam mainly offers mid-segment to premium residential properties.
- Other neighbouring localities such as Vettuvankeni, Neelankarai, Karapakkam, Pallikaranai also offer properties in a similar price range.
- Prices of properties may vary based on certain factors such as apartment configuration, exact carpet area, location, scenic advantages, etc.
- These properties are available in both ready-to-move as well as under construction conditions.
- Several reputed builders and developers have a presence in Thoraipakkam.
Connectivity and Transport In Thoraipakkam
- The Kannagi Nagar MTC Terminus, Velachery Vijayanagar MTC Terminus, Velachery railway station, and Perungudi railway station provide connectivity to Thoraipakkam. These railway stations are around 7 to 10 km from the locality.
- Thoraipakkam is situated along the major Rajiv Gandhi Salai (IT Expressway) and Old Mahabalipuram (OM) Road.
- The International Airport is just 14 km from the locality.
- Reaching the airport is easily possible through the GST road and Jawaharlal Nehru Road, which are well connected to Thoraipakkam.
- The Thoraipakkam Pallavaram Radial Road and the ROB flyover allow access to the IT corridors in the locality.
- The CMTC bus network provides affordable and convenient public transportation to prominent areas within the city.
- The Alandur Metro Station on the Blue Line and Green Line of the Metro is 14 Km from the locality. It is also easily accessible by the Jawaharlal Nehru Road.
Social Infrastructure In Thoraipakkam
- Thoraipakkam has well-equipped health centres in and near the locality. Dhanvantri Multi Speciality Hospital, Nanthini Hospital, Sri Laxmi Multispeciality Hospital, Gem Hospital, Sugan Hospital, K L Hospital, C.M. Hospital, and Dr Kamakshi Memorial Hospital are some nearby.
- The locality also has reputed schools and colleges in and around the area. St.Pius School, Infant Jesus High School, KCG College of Technology, APL Global School, RMT International School, Vruksha International School of Montessori, Gateway International School, and Billabong High International School are some of them.
- The BSR Mall, Phoenix Market City, and Grand Square DLF Mall are premium malls within 20 minutes of the locality.
- Holiday Inn Express & Vivanta are premium hotels that provide a homely and luxurious stay for visitors.
Employment Opportunities In Thoraipakkam
- Thoraipakkam is a centre for industrial zones, commercial complexes and IT parks in .
- The ASV Suntech Park, UNANI Tech Company, Bahwan IT Park One SEZ are close to this locality. The ELCOT SEZ and International Tech Park are only 7 km away from the locality.
- The popular Guindy Industrial Estate is around 15 km from the locality.
- Whereas, major economic zones such as Gateway Office Park and Taramani are within 20 km of distance. One can easily travel to these IT parks through the excellent road connectivity in Thoraipakkam.
- Proximity to IT parks and industrial areas like these enhances the economic growth of Thoraipakkam. It also provides ample opportunities for employment.
Lifestyle In Thoraipakkam
- Various types of residential properties, such as plots, independent houses and multi-storey apartments, are found in Thoraipakkam.
- Thoraipakkam has a vibrant and peaceful environment along with the urban conveniences of a cosmopolitan locality. Thus, it is a good place to live in.
- The Arignar Anna Zoological Park, Natesan Park, Fort Museum, Panagal Park, Government Museum, MGR Memorial, and Semmojhi Poonga are some popular tourist attractions in and around the locality.
- The Marina Beach and Besant Nagar Beach, also known as Elliot’s Beach, are popular, serene beaches close to Thoraipakkam.
- The locality has a vibrant street food culture, with idlis, chaat, and other snacks readily available. It also has a good range of local eateries, high-end restaurants and cosy cafes around the area.
Safety and Security In Thoraipakkam
- Thoraipakkam, being an IT corridor, is considered a safe locality in the city of .
- The roads here are equipped with CCTV cameras in several places to ensure nighttime safety.
- Busy roads have a lot of street lights along the way to prevent road accidents and mishaps.
- Constant Police patrolling is practised in Thoraipakkam to ensure maximum public safety.
Development and Future Prospects In Thoraipakkam
- The upcoming connectivity and infrastructure developments in Thoraipakkam are likely to increase the investment appeal of this locality.
- The locality is said to have a dedicated metro station on the Purple Metro Line of the Metro network.
- This metro line will connect Thoraipakkam to Madhavaram and SIPCOT2.
- The upcoming OMR-ECR link road will prove beneficial for daily travellers.
- A rotary flyover is planned at the Thoraipakkam Junction. This bridge will improve links and avoid traffic congestion.
Culture and Community in Thoraipakkam
- Thoraipakkam is a locality which shares a dynamic mix of urban and traditional culture. The ancient temples and IT corridors in the locality are prominent examples of its cultural blend.
- Karapakam Shivan Temple, Gangai Amman Temple, Selva Vinayagar Temple, Prasanna Venkatesa Perumal Temple, etc., are some cultural hotspots in and around the locality.
- These temples are not just religiously significant, but they also have an ancient history and architectural intricacy.
- These cultural sites attract devotees from all over the state and create a sense of harmony among residents.
Environmental factors in Thoraipakkam
- Thoraipakkam is located in the Metropolitan Area. is placed along the long coastline and boasts unique environmental features like wetlands, estuaries and waterbodies.
- The air quality is moderate in the Thoraipakkam locality.
- The new IT companies and corporate complexes are incorporating green initiatives for preserving a sustainable environment. Initiatives such as renewable energy alternatives, solar panels, irrigation systems, and green and open spaces in campuses are being built.
- Corporation Park, Dr Ambedkar Park, and Chandraseka Avenue Park are some well-maintained gardens in the vicinity. These parks allow the residents to enjoy a relaxing environment.
Flat Configuration in Thoraipakkam
- Thoraipakkam offers a range of 1 BHK, 2 BHK, 3 BHK, and 4 BHK properties.
- These properties are available in both under construction and ready-to-move conditions.
- 2 BHK properties are most popular in Thoraipakkam.
- Thoraipakkam mainly has premium and mid-segment housing properties. But it also offers some flats at affordable rates.
- The locality primarily offers apartments, but other properties like independent floor apartments, villas, and land plots are also quite popular here.
Property Price Growth in Thoraipakkam
- Thoraipakkam has witnessed a consistent price growth of up to almost 35% in the last 5 years.
- Whereas there has been a 20% property price appreciation in the last 3 years.
- The YOY property price growth in Thoraipakkam has been around 13%.
- Also, a rental yield of around 5% has been achieved due to an increased demand for rental properties.
- Due to rapid development and urbanization, Thoraipakkam is expected to experience consistent price growth in the near future.