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Flats Under 90 Lakh for sale in Near SRR Engineering College Padur, Padur, Chennai
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About Properties In Near SRR Engineering College, Padur, Chennai for Sale
Overview of Padur
- Padur is a rapidly developing locality situated in the Southern zone of Chennai.
- Padur is also known as Kazhipattur and is situated in Kancheepuram in Chennai, Tamil Nadu.
- The locality is mainly a residential corridor in South Chennai.
- Padur enjoys a pleasant climate since it is located close to the Bay of Bengal.
- It offers housing properties in an affordable to mid-segment budget range.
- Padur is strategically located along the Old Mahabalipuram Road (OMR) or Rajiv Gandhi Salai.
- Padur is surrounded by localities such as Pudupakkam, Kelambakkam, Srinivasa Nagar, Thiruvidanthai, Ramalingapura and Siruseri.
- The PIN Code of Padur, Chennai is 603103.
Padur Residential Market Insights
- The average property price in Padur ranges from ₹6,000 to ₹10,000 per sq. ft.
- The average price of a 1 BHK in Padur ranges from ₹40 lakh to ₹70 lakh.
- The average price of a 2 BHK in Padur ranges from ₹60 lakh to ₹80 lakh.
- The average price of a 3 BHK in Padur ranges from ₹65 lakh to ₹1.2 crore or more.
- The average price of a 4 BHK in Padur ranges from ₹2 crore to ₹3 crore or more.
- The monthly rental price in Padur ranges from ₹17,000 to ₹40,000 or more.
- The average rate of land in Padur ranges from ₹40 lakh to ₹5 crore.
- Padur mainly offers affordable to mid-segment residential properties.
- Premium apartments, villas, independent floor apartments, and plots are also available here.
- Prices of properties may vary based on certain factors such as apartment configuration, exact carpet area, location, scenic advantages, etc.
- A number of reputed builders and developers have a presence in Padur.
Connectivity and Transport In Padur
- Strategically located along the Old Mahabalipuram Road (OMR), Padur enjoys a prime location. The OMR connects the locality to major parts of the city of Chennai.
- Padur is well-connected to the city centre and other prominent areas of the city due to an extensive road network.
- Major highways such as the Bangalore Highway, Kelambakkam - Vendallur Road, and GST Road are connected to the locality.
- The Kelambakkam - Vandallur Road connects the locality to Tambaram and Urapakkam.
- Padur is around 30 km away from the Chennai International Airport.
- The Chennai Railway Station is within reachable distance and allows seamless travel throughout the city.
- Local buses and taxis are readily available for convenient transportation. There are several bus terminals all over the city.
Social Infrastructure In Padur
- Padur’s central location and abundance of infrastructure facilities have made it a prime destination for property investment.
- Supreme Speciality Hospital, Chettinad Super Speciality Hospital, Praveena Hospital, JEMS Healthcare Hospital, and Madha Peetha Hospital are some reputed health care centres near the locality.
- A few schools in proximity include Gateway International School, Sri Chaitanya Techno School, i2Global School, Sarvalokaa Education International School, Bhuvana Krishana Matriculation Higher Secondary School, etc.
- Hindustan College of Arts & Science, Anand Institute of Higher Technology, Chettinad Dental College and Research Institute, SRR Engineering College, Prof. Dhanapalan College of Science & Management, Jeppiaar College of Arts and Science, and Chettinad School of Architecture are some universities and colleges for higher education.
- Nilgiri’s Supermarket, V M Supermarket, Reliance Smart Bazaar, Aysha Hyper Mart, Krishna Shopping Mall, and Pooja's Supermarket are some convenience stores near the locality to cater to the essential needs of the residents.
- BMR Mall, Vivira Mall, and Marina Mall are the nearest leisure shopping complexes.
- The locality is well equipped with other essential services such as petrol pumps, banks, ATMs, Hotel Stays, Medical Stores, General Stores, local markets, restaurants, cafes, etc.
Employment Opportunities In Padur
- Padur is located along the major corridor of Old Mahabalipuram Road (OMR). The OMR is a prominent stretch that houses many corporate offices, IT hubs and multinational companies.
- Other tech centres accessible from the locality of Padur are SIPCOT IT Park, Siruseri IT Park, Tychon Solutions, Fisher Technologies, etc.
- Prominent Industrial hubs in Chennai, such as Tambaram and Vandalur, are located at a distance of hardly 20 km from Padur.
- These commercial hubs offer employment opportunities for residents living nearby.
- Due to this, the demand for the locality is increasing in the residential market since professionals and corporate employees are seeking residences here.
Lifestyle In Padur
- Padur is located close to the serene coastline of Chennai and enjoys a pleasant climate along with rapid urbanisation.
- Residential and commercial developments in the locality are making it a sought-after destination in the real estate market.
- Along with that, the locality also has an abundance of recreational zones and entertainment centres such as malls, restaurants and cafes.
- Kovalam Beach, the Great Salt Lake and the Dakshinchitra Heritage Museum are famous tourist spots around Padur.
- Karuvayan Multi Cuisine Restaurant, Arabian Garden Seafood Restaurant, Foodaholic Restaurant, Vintage Dhaba & Chaat, The Farmer Restaurant, Atti Cafe, Hungry Choice Restaurant, The Bay Grill, and Maveric Cafe are popular food joints and cafes around the locality.
Safety and Security In Padur
- Several police stations nearby handle the safety concerns of Padur.
- Regular police patrolling is done here to ensure the safety of residents.
- Padur follows proper security guidelines and safety measures.
- It is a bustling locality and considered safe to live in.
- Traffic control is ensured through proper street lights, traffic signals and traffic officers.
Development and Future Prospects In Padur
- The planned extension of the Old Mahabalipuram Road (OMR) will reduce traffic congestion here and save travel time while travelling to and from Padur.
- With these connectivity developments in the residential and commercial spaces, the locality is set to become a more appealing choice for buyers and investors alike.
Culture and Community in Padur
- The locality preserves its rich cultural heritage through several spiritual hubs in the area.
- Manikandeswarar Temple, Sri Kshipra Ganapathy Temple, Thulukkanathamman Temple, Nagalingeshvarar Temple, and Sri Karunakara Lakshmi Narayana Temple are some local temples in the vicinity.
- Padur enjoys a South Indian culinary food culture. There are restaurants and cafes that offer a diverse range of food options.
- From multicuisine restaurants to local cosy food joints, everything is available here.
Environmental factors in Padur
- Padur is located close to Chennai’s coastline, thereby it enjoys a pleasant climate.
- The locality is well planned with an abundance of green parks and open spaces nearby.
- There are some serene beaches located close to the locality.
- Blue Bells Park, OSR Park, and Aurum Villas Park are some of the recreational gardens near Padur.
- Kovalam Beach, East Coast Road Beach, Blue Flag Beach, and Muttukadu Beach are popular beaches within 15 minutes of the locality.
Flat Configuration in Padur
- Padur offers a range of 1 BHK, 2 BHK, 3 BHK and 4 BHK properties in both under construction and ready-to-move conditions.
- 2 BHK properties are in demand in Padur.
- Padur mainly has affordable to mid-segment properties.
- Apart from that, other properties like independent floor apartments, villas, and land plots are also available in this locality.
Property Price Growth in Padur
- In the last 5 years, Padur has witnessed a 65% growth in property prices.
- Whereas there has been a 35% property price appreciation in the last 3 years.
- The YOY property price appreciation of Padur is 7%.
- Padur has seen a rental yield of nearly 4% due to a good demand for rental properties.
- Due to rapid development and urbanisation, Padur is expected to experience a constant growth in property prices in the coming years.
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