Property in Kovilambakkam
Kovilambakkam is a residential area located between Madipakkam and Medavakkam in the north-eastern zone of Chennai. Once a sleepy town, Kovilambakkam has now transformed into an active housing landmark due to the development of civic and social infrastructure in the past few years.
It is located at a distance of 16.5 kilometers from Chennai via the Tambaram- Main Road and is surrounded by residential areas such as Kulattur (1km), Veeramani Nagar (2.5 km), Madipakkam (3.4 km), Pallikaranai (4.5 km), Medavakkam (4.7 km), Velachery (6 km) and Pallavaram (6.6 km).
Kovilambakkam is located along the State Highway and is also close to the Inner Ring Road. It is situated on the 10.6 kilometer-long Thuraipakkam- Radial Road which connects OMR and GST and intersects the Tambaram- Main Road.
The area offers smooth connectivity via the Road over Bridge (ROB), which connects busy stretches such as GST (Grand Trunk), Road, Medavakkam, OMR and ECR to the locality. The area is in close proximity to Velachery from where buses and trains are available to almost every spot in Chennai. International Airport is about 10 kilometers from Kovilambakkam via the Pallavaram-Thuraipakkam Road.
Educational Institutions and Hospitals
Srujana Montessori School, Himayam Matriculation School, Ravindara Barathi Global School, Velankanni Silver Jubilee Matriculation Higher Secondary School and Pole Star Matriculation School are some of the well-known schools in Kovilambakkam. Reputed hospitals in this area include Grace Hospital, Arun Hospital & Pharmacy and Balaji Dental College and Hospital.
Shopping Mall and Recreation
Phoenix Market City and City Center are two famous malls located near Kovilambakkam. Many reputed banks including Syndicate Bank, Overseas Bank, Andhra Bank, City Union Bank, IDBI and ICICI have set up their branches in the area.
Real Estate in Kovilambakkam
With the development of civic and social infrastructure, property in Kovilambakkam has been growing rapidly. The types of properties found in this locality are multi-storey and single-floor apartments, villas and residential houses. There are 27 ongoing projects in the area with 11 projects due for possession in 2014. Sindiya Flats by Bhavani Builders, Atikramya Foyer, Elegance by RS Properties, Sigiriya by Jones Foundations, La Silver Green and La Green by Icons Realtors are some of the projects which are currently under construction. Unit sizes of apartments range from 420 sq. ft. to 1928 sq. ft. The minimum apartment price in Kovilambakkam is Rs. 3,500 per sq. ft. and the maximum apartment price is Rs. 5,750 per sq. ft. which brings the average apartment price to Rs. 4,400 per sq.ft.
Due to good social infrastructure and smooth connectivity, Perambur will always remain in good demand if we look from a buyer’s perspective.
Property rates in Kovilambakkam have risen by upto 18.2% in last 6 months.
Some of the recently launched projects in Kovilambakkam, that you might be interested in, are Garden.
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