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Flats Under 5 Crore for sale in Inner Ring Road Velachery, Velachery, Chennai
100% Verified Real Estate Properties Chennai. Find New Real Estate Projects & Best Selling Properties in Inner Ring Road Velachery, Velachery, Chennai. 0 Verified Flats/Apartments/Villas Only At HomeBazaar.Com.
About Properties In Inner Ring Road, Velachery, Chennai for Sale
Overview of Velachery
- Velachery is a well-established locality in the southern part of Chennai.
- It offers various housing options available at mid-segment to luxury budget.
- The locality is home to the pristine Velachery lake, adding scenic views to the locale.
- Velacherry is famous for the presence of significant IT Hubs, excellent connectivity, and proper civic facilities. These factors attract both investors and homebuyers here.
- Velachery is located close to the Airport and hence drives Real Estate Growth.
- The area provides good accessibility within the city via different transportation mediums.
- Residents enjoy abundant greenery and a tranquil living environment in Velachery.
- The PIN Code of Velachery is 600042.
Velachery Residential Market Insights
- The average price of a flat in Velachery is ₹ 9,700 per square foot.
- The Velachery Residential Market mainly comprises a variety of apartments and plots, available at different prices for the diverse homebuyers' needs.
- The average price of a 2 BHK flat in Velachery can range from ₹ 65 lakh to ₹ 1.30 crore.
- The average price of a 3 BHK flat in Velachery can range from ₹ 1.10 crore to ₹ 2.10 crore.
- The average price for a plot in Velachery can be anywhere between ₹80 lakh to ₹ 7 crore.
- Proximity to major employment hubs and excellent connectivity result in making Velachery a good rental location, especially for working professionals.
- The average monthly rental price in Velachery can range between ₹ 12,000 to ₹ 45,000.
Connectivity and Transportation In Velachery
- The nearest railway station to Velachery is its dedicated Velachery MRTS Station. It is located barely 1 km away from Velachery and serves robust rail connectivity to the locale.
- Another railway station near Velachery is the OMR Railway Station.
- Velachery benefits from superior road connectivity via major roadways such as Velachery Main Road, GST (Grand Southern Trunk) Road, and 100 Feet Road.
- Other important roadways near Velachery are Taramani Link Road and Velachery Bypass Link Road.
- Velachery is surrounded by prominent areas such as Guindy, Madipakkam, Nanganallur, Taramani, Perungudi, etc.
- Velachery is approximately 18 km away from Chennai via railway and roadways.
- Velachery enjoys exceptional proximity to the Airport, attracting major frequent travellers, businessmen, and big personalities. The Chennai International Airport is only 8 km away from Velachery via 100 Feet Road.
Social Infrastructure In Velachery
- Reputed Hospitals near Velachery are Velachery KS Hospital, Helios Hospitals, Prashanth Super Speciality Hospital, and Xcellent Care Hospital. These are known to provide top-notch healthcare facilities.
- The well-known IIT Madras Campus is barely 7 km away from Velachery.
- Some more prestigious Schools and Colleges near Velachery are AGR Global CBSE School, School of Excellence in Law, Hindustan College, Asian College of Journalism, Cambridge Montessori Pre-School and Day Care, etc.
- Velachery is home to the renowned Shopping Mall, Phoenix Market City, which offers eateries, recreational, and entertainment options to cater to residential shopping needs.
- Other popular Malls and Shopping Stores near Velachery include Grand Square Mall, The Chennai Silks, BSR Mall, Grand Galada Centre Mall, Chennai Shopping Store, FirstCry.com Store, etc. These provide a wide range of shopping options for the locals.
- Marketplaces near Velachery include Tamil Nadu Super Market, Latta Super Market, Thanganarayana Super Market, Poomagal Super Market, etc. These provide locals a quick access to their daily requirements.
- Some of the highly-rated Hotels for stay near Velacherry are Four Points Hotel, The Westin Chennai, ITC Grand Chola Luxury Hotel, Accord Chrome Hotel, etc. These are known to provide comfortable and premium accommodations near the Velacherry locality.
Employment Opportunities In Velachery
- The prominent Central Business District and OMR IT Corridor are located within the vicinity of Velachery, providing good employment opportunities to the working professionals.
- Chennai One IT SEZ and Bahwan IT Park are accessible within 5-7 km of Velachery.
- Other Employment Hubs near Velachery are Millenia Business Park, DLF Downtown Business Center, Tidel Tech Park, Tulive Helix Business Park, RMZ Corporate Campus, ESPEE IT Park, etc. The presence of these boosts the scope of employment for the locale.
- The popular Guindy Industrial Estate is around 6 km from Velachery via Anna Salai.
Lifestyle In Velachery
- Velachery offers a comfortable and hassle-free lifestyle.
- Residents enjoy a seamless living as they have important facilities, modern amenities, strong connectivity, and work hubs. This makes Velachery a good place to live in, especially for those who desire to live a convenient life.
- There are several recreational places near Velachery, offering a refreshing and rejuvenating experience. It includes Green Meadows Resort, Besant Nagar Beach, Eldoris Hotels Resorts, Park Inn Beach Resort, Rini Resort, Thiruvalluvar Nagar Beach, Kumaran Theatre, Varadharaja Cinemas, Marina Beach, etc.
- Velachery Lake and Dhandeeswaram Temple are some of the popular tourist attractions near Velachery.
- Some of the best Restaurants near Velachery include Juice Berry Restaurant, No Oil No Boil Restaurant, Ambur Star Biryani, Murugan Idli Shop, Coal Barbecues, etc. These are known to offer a fine dining experience near the locale
Safety and Security In Velachery
- Velachery is one of the safest areas in South Chennai.
- There are several police stations within easy accessibility of locals, ensuring a secure living environment in Velachery.
- Police rounds are conducted frequently, day and night, to monitor and maintain the safety of the residents.
Development and Future Prospects In Velachery
- The upcoming Purple Metro Line will have a well-constructed Perungudi Station. It is around 4 km away from Velachery and will boost the connectivity of this locality.
- This metro will connect Velachery to the Madhavaram and SIPCOT 2 areas.
- The ongoing revamp of the Velachery-Perungudi MRTS Road is expected to benefit residents significantly with more convenient facilities.
- The planned rejuvenation of Velachery Lake will strengthen the green belt of this locality.
- With growing housing demand, several residential projects are also soon coming up in Velachery. This will also lead to an increase in property values, attracting investors.
Cultural and Community In Velachery
- Velachery is home to a diverse population. Due to its proximity to various employment opportunities, the locality attracts both working professionals and families.
- Several religious places near Velachery are the ancient Dhandeeswarar Temple, Yoga Narasimhar Temple, Sthree Sakthi Temple, Shree Ayyappan Guruvayoorappan Temple, Vaishno Devi Temple, Gurudwara, and Churches.
- Some Cultural Centers near Velachery are Lakshmi Govindarajan Cultural Mahal, Kalam The Cultural Hub, Kalakshetra Foundation, InKo Centre, etc.
Environmental Factors In Velachery
- Velachery is home to lush greenery and a peaceful surrounding, providing a good environment for its residents.
- Several gardens and parks near Velachery are Guindy National Park, Panagal Park, Semmozhi Poonga Botanical Garden, YMCA Ground, Sivan Park, etc. These contribute to the greenery in this locality, offering good livability.
- The air quality in Velachery is good. However, it may fluctuate depending on the constructions and developments in and around the area.
Flat Configuration In Velachery
- Velachery mainly offers flat configurations of 2 BHK and 3 BHK apartments.
- 2 BHK is the most preferred flat configuration by homebuyers in Velachery.
- Other residential properties, besides apartments in Velachery, include Villas, Independent Houses, Farmhouses, and Plots.
- Bare shell units are also offered by some developers in Velachery, providing easy customization for the homebuyers.
Property Price Growth In Velachery
- Properties in Velachery have witnessed a YOY price growth of approximately 3%.
- The property price growth in Velachery in the last 3 years has been around 22%.
- Moreover, in the last 5 years, the property price growth has been around 42%.
- The residential properties in Velachery have seen a progressive increase in the last recent years. The upcoming developments and connectivity upgrades are expected to further increase the property values in Velachery.
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