July 2, 2014

Hasthinapuram a Rising Suburbs

Hasthinapuram, an upcoming suburb, is located in the southeastern part of Chennai. There is high demand for flats in Hasthinapuram due to its close proximity to Chromepet.

Hasthinapuram a Rising Suburbs

Hasthinapuram is well-connected to most of the places in Chennai. Buses from Hasthinapuram Bus Terminus ply to near and far areas like Tambaram, Kundratur, T. Nagar, Saidapet, Pozhichalur, High Court, Guduvanchery, Pallavaram, Broadway, Avadi and Velachery. The nearest rail station is Chromepet and Chennai International Airport is just 8 km away from here. Apart from this, one can find the MIT Flyover that connects the Grand Southern Trunk Road with Hasthinapuram and Chitlapakkam, and also the newly-built flyover in Chromepet that links to Thoraipakkam and the Outer Ring Road. The neighbouring areas of the locality include Chromepet, Chitlapakkam, Purushotam Nagar, BBR Nagar, Rajakilpakkam, Gowrivakkam, Tambaram East and Pozhichalur.

In the last few quarters, the locality has seen an increased demand in flats for sale in Hasthinapuram, especially from the IT sector. One of the reasons for this is the opening of the State Highway 109, also called the Pallavaram-Thoraipakkam flyover. This flyover connects to Thoraipakkam, which is host to a number of multinational companies like HCL, Cognizant, Tech Mahindra, Ford, TVS, Ajuba Solutions, Allsec Technologies, HCL, Shell India, WNS, etc.

Hasthinapuram a Rising Suburbs

Good and reputed schools can be found in and around Hasthinapuram. They are Shiksha Matriculation Higher Secondary School, Zion Matriculation School, and Vels Vidhyashram, Sri Kanchi Mahaswami Vidya Mandir and some good primary schools like Olive Kids International Preschool and Kidzee. One of the oldest temples, Thiruneermalai Perumal Temple is near the area and attracts a huge crowd of worshippers from all parts of the city.

This locality does not have many restaurants, but this is compensated for by the neighbouring areas like Chromepet and Tambaram, where you can find a good number of International and Indian restaurants. Leading hospitals like The Government General Hospital, Parvathy Hospital, Chromepet Government Hospital and Sree Balaji Medical College are found in the vicinity of this area. Indian Bank and Axis Bank are operational in this locality.

Its close proximity to Chromepet, Pallavaram and Tambaram can be considered as one of the reasons for the increased demand for land in Hasthinapuram. Another reason can be the access to Thoraipakkam via the 100 feet Outer Ring Road. The workforce working in IT companies in Thoraipakkam are willing to invest in apartments in Hasthinapuram. One can find villas, luxury apartments, and residential apartments coming up in this locality. Some of the upcoming projects are Hi-Teckno Chitrakala, Bridavanam by Sabarrisa Homes, Brooklyn Flat by Brooklyn Properties, Roja Flats by Anjana Life Spaces and Hi-Tech GKM Flats by Hitech Properties.

The average price for flats for sale in Hasthinapuram is Rs. 43,333 per square metre. Independent houses may cost around Rs. 85,616 per square metre and the residential plots for sale in Hasthinapuram may cost approximately Rs. 24,989 per square metre.

Proximity to the IT corridor is the prime reason for real estate growth in the area. Investments made in Hasthinapuram might catch up in the near future.