Spread on an area of 8 acres, Godrej Azure, located in Padur, Chennai; will have 2 and 3 BHK apartments. The project involves a total of 11 buildings which are either 15 or 17 floors high. The flats are Vastu compliant and the overall project involves a string of amenities. The size of the units range between 608 and 1365 units. The project is a mid segment project with an estimated price of INR 3650 per sqft.
Appreciation Analysis
Mentioned below are some of the major residential projects in and around Pa, where the project is located.
-Pacifica Aurum: It’s a CRISIL star rated project, involving a range of 2, 3 and 4 BHK apartments. The project will be up ready by December 2015. The price of the project is INR 3670 per sqft.
– XS Real Symphony: The project involves a range of 2 and 3 BHK apartments ranging from 953 to 1287 sqft. The project is expected to be completed by August 2015. The price of the project is INR 4267 per sqft.
– Jains Inseli: The project involves a range of 2 and 3 BHK apartments with area ranging between 997 and 1755 sqft. The project has been developed on an area of 11 acres and involves a price of INR 3900.
– MMRF Vista Oceana: The project involves 3BHK units with a price of 1.27 crores and above. The project has a price of INR 5260 per sqft and will be completed by September 2017. –
Location Analysis
Once a suburb Padur, in the recent past has attracted the attention of some of the leading developers in Chennai. The heightened attraction has mainly been attributed to Padur’s transformation into one of the IT hubs of Southern India. The location involves many IT and tech park, encompassing a range of national and multinational companies.
The location also boasts close proximity with SIPCOT, which is touted as one of the largest IT parks in Asia. SIPCOT is being developed in a massive area of 1000 acres. Some of the leading national and international companies have acquired land in the project. The list involves TCS, Hexaware, Aspire, Apollo, Cognizant and Syntel etc.
The development of the IT park has also spurred growth in social and physical infrastructure in the form of education institutions and healthcare center etc. Not to mention the ongoing broadening of the road aimed at smoothing of the roads. The nearby schools include Sushil Hari Residential School, St. Johns International School, Primrose School, Padma Adarsh School etc. Some of the major higher education institutions in the nearby location involves ITM business school, Indian Institute of Information Technology, Hindustan College of Arts and Science, Chennai Mathematical Institute, Jeppiar Engineering College, Padma Seshadri Bala Bhavan. The well-known health care units include Chettinad Health City, Ragas Dental College and hospital, Global hospital, Dr.Kamakshi Memorial hospital etc.
The location is also well placed with some of the major tourist destinations of Chennai such as Zoo, MGM Theme Park, Mahabalipuram and Muthukadu Lake etc. Thanks to an extensive network of train, bus and shared autos the location is conveniently placed with most of the major locations of Chennai.
– Distance from Major Landmark.
Expected Appreciation
Large volume of IT and ITes companies are in close vicinity of the project, making it a suitable option for individuals working in these companies. A robust IT industry integrated with a rapidly evolving residential market has also resulted in a vibrant social infrastructure in the form of plethora of schools, hospitals, colleges, restaurants etc. thereby adding further value to the location.
In the coming time on the backdrop of the economic significance of the location integrated with robust social infrastructure the present prices are expected to be rise with rate of 25-30%, according to the estimates made by the Kin Housing research team.
Reasons to Invest
Reasons to invest in the project
-High appreciation expected in the coming time on the backdrop of rise in IT companies, residential and social activities.
– Trusted brand name of Godrej.
– In close proximity to the vast IT space of Chennai and hence will be preferred by individuals working over there. It also has Powerful social infrastructure along with upcoming infrastructure projects such as road broadening.
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