Tuesday 5 February 2013

The Suburban Hotspot!



Porur is located 6km south-west of Chennai's city limits on the Guindy-Poonamallee Road which eventually joins the Chennai-Bengaluru National Highway, NH4. For administrative purposes, Porur is part of the Tiruvallur district. The Porur lake is the principal source of fresh water for the suburb. Porur got its identity when the renowned Ramachandra Medical College and Hospital was set up in this area in 1994. The higher decadal growth rate in the two districts of Kancheepuram and Tiruvallur has been caused by a large-scale migration of people in search of jobs in Chennai's suburbs. The maximum growth has taken place in the nearby areas such as Sholinganallur, Porur and Ambattur in the adjoining districts.

On an upward graph


The growth story of the Porur as a suburb real estate market has been quite interesting. Having started out as an industrial outpost mainly for light engineering and chemical industries, Porur has now assumed a distinct identity of its own. In every field, whether housing, commercial, retail or IT, Porur has developed an impeccable network of offerings. Even in the business space, the Porur market is striding forward. Porur is well-connected with Chennai city and other neighbouring suburbs through roads, with Nungambakkam by Arcot Road, and with Guindy and Poonamallee by the Mount-Poonamallee Road. The Kundrathur road connects the suburb with the temple town of the same name. All the three roads meet at the Porur junction, which is an important traversing point for buses to Kanchipuram and Bengaluru.


Historical populations of landmarks and development


By far, the most important landmark in Porur is the Sri Ramachandra College and Research Institute which was opened in 1994. The stretch from Manapakkam to Porur is dotted with IT parks and modern commercial complexes. With three IT SEZs (Special Economic Zones) coming up in Porur it is becoming a major IT hub of Chennai next to the OMR. The DLF IT Park currently has companies like IBM, iGATE, Logica, Mphasis, Syntel, Cognizant, Petrofac, Computer Sciences Corporation, etc. as its tenants. Together, these companies have more than 1,00,000 employees working in the three IT SEZs. The TCG IT park has been taken up by HP and will employ around 2,000 people, while the Jayanth Tech Park is taken up by HTML Global Solutions, iGATE etc. In an interesting observation, the number of people now living and working in and around Porur itself has grown exponentially. Blame it on the opportunities at hand, but the shift is definitely happening slowly and gradually. Whether media houses, advertising firms, banks, hotels or malls, a good mix of employment is now available in the vicinity. Availability of infrastructure and good connectivity has fuelled the interest of the business fraternity. The authorities are sprucing up infrastructure linkages that will foster further development.


The announcement of the new Greenfield international airport in Sriperumbudur and the proposed high speed linkage corridor from the existing airport at Tirisulam to the new international airport via Porur will make this a place an extremely important centre of commerce and residence in the coming years. Porur is on the hot bed of action as far as connectivity is concerned, with a slew of road and railway network projects in the pipeline, with the focus on connecting Porur to various places such as Gerugambakkam, Poonamallee, Kunrathur, Koyembedu and St. Thomas Mount. The bus network already has a strong presence. The proposed grade separator will be a landmark development with regards to infrastructure. Wider roads and better transport have worked further to the advantage of the driving business here.


Porur has come into the limelight with the announcement of two of the three upcoming elevated monorail corridors passing through it. The next logical extension is towards Poonamallee, which is another major centre growing in the direction of Chennai. The attraction of Porur is further bolstered by infra developments such as its closeness to the current and proposed airport and the Outer Ring Road. Any business moving to Porur now, would be taking the right step towards the future and an early mover advantage in terms of access to labour pool and attractive commercial space. Porur enjoys easy access to NH4 and GST through the Chennai Bye-pass Road. Its radial pattern makes it a well connected suburb. Over the years, the increasing facilities of shopping, entertainment and education has made it a self sufficient location. Porur has a strong social infrastructure. While schools, colleges and hospitals are present in both, the eastern and western parts, malls are coming along the Vadapalani-Valasaravakkam stretch. Also, the emergence of Manapakkam as a business hub for IT and commercial complexes has increased the demand of residential properties in and around Porur from the working population in the nearby locations.


Stay connected


The urban transport infrastructure of Chennai is set for a radical change. A slew of measures including two additional metro lines, four Monorail/Light Rail Transit (LRT) routes, three Bus Rapid Transport corridors (BRT), and 37 grade separators requiring a total investment of Rs 72,727 crore have been recommended by the Comprehensive Transportation Study of the Chennai Metropolitan Development Authority (CMDA).


Three monorail corridors have been identified based on a feasibility study prepared by the Pallavan Transport Consultancy Services Ltd. A crisscrossing network of monorail corridors running to a total length of 57 km with four corridors, is being planned by the state government, with plans to complete the first phase of the monorail project within two years. Initially, a four-car monorail train is expected to run along an elevated narrow guide way that would come up on the road median. The capacity of one train would be about 560 passengers, which translates to a capacity of about 10,000 passengers per hour per direction.


Other infrastructure works including the BRT Corridor, and major flyovers at the intersection of Mount-Poonamallee Road, KS Road and Kundrathur Road are in the pipeline.


The rapid infrastructure development has attracted many builders for residential projects. The quality of housing projects and amenities has also witnessed a marked improvement over the years. The new set of projects set up with a view to de-congest the station area are providing gardens, swimming pools, club houses and ample parking spaces. According to a real estate consultant, "Porur is widely accepted as a residential micro-market with a strong social fabric because of which any new residential project will sell as a hot cake." The recent successful launch of Infinity by Urban Tree offering luxury and lifestyle apartments with amenities like pools, landscaped gardens, badminton court for example.


Only the best for the best


You name it, and you have it in Porur today. Along with the best of housing options, one can enjoy the best of shopping, education, eating and entertainment facilities in and around Porur. Besides the daily market, banks, hospitals and gardens, the suburb is also home to several food joints and restaurants. Porur, once a sleepy suburb is today preferred mainly by the middle class, as it offers prime residential and commercial projects at affordable costs as compared to real estate prices in Chennai. In view of the considerable improvement of infrastructure, the future of Porur is very bright. The proposed Mono Rail and Metro Rail extension project is expected to further add value to the life of residents of Porur in the near future.


With new developments taking place in all fronts, Porur can be rightly called the most happening suburb of Chennai.


Source : http://chennairealty.biz/blogs/The_Suburban_Hotspot.html


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