Guduvancheri: A Developing Realty Destination
Guduvancheri is a developing suburb in the south-west part of Chennai and is located 35 kilometres away between Tambaram and Chengalpattu on GST road. Strategically located on the NH – 45, it connects with the cities in southern and western Tamilnadu. As Guduvancheri has all the facilities in its vicinity like railway station, bus stand, hospitals, telephone exchange, post office, and also close to reputed institutions the builders are eyeing this locality as a potential real estate destination.
Witnessing the potential, Lancor Holdings Limited has launched its new project Lancor Lumia at Guduvancheri. The entire project is spread across 8 acres of land with 6 blocks and 7storey. There are total of 504 apartments, all 3 BHK configurations ranging from 1148 sq ft to 1282 sq ft. The property will be ready for possession by September 2014. The main feature of the building is that it has been constructed in adherence to green building principles which adds value to this project. Some of the features of this project are:
Water treatment and RO Plant
Integrated Building Management System for maintenance
Sewerage treatment plant
Scheduled pick up and drop facility
Health care centre and pharmacy
Super market and ATM
Life style amenities – air conditioners, automatic lifts, swimming pool, tennis court, etc
RCC framed structure
Connectivity and infrastructure
Guduvancheri is well connected to Tambaram and Chegalpatu via train and bus transport. Southbound buses such as Villupuram, Tindivanam, Thiruvanamalai, Trichy, Madurai and Pondicherry stop at Guduvancheri. One can also find suburban trains to Chennai Beach from this suburb which is easy to commute and very convenient for the residents who daily commute to work.
It is also populated with one of the best educational institution and health care centres. Some of the good schools housed in this real estate hub are St. John Matriculation School, Holy Sai International School and Vidya Mandir (CBSE). The suburb is very close to SRM University and its group of institutions which are located just 2 km from away. Currently, lot of IT companies like Accenture, Mahindra World City, Ford, Sriram IT Park, MEPZ and SEZ have mushroomed very close to Guduvancheri which has enhanced the real estate here.
Real Estate
Guduvancheri is a sought-out location in GST Road, due to its excellent connectivity to the SEZs. The residential value has increased multi-fold as it is considered as an affordable location. The Guduvancheri-Thiruporur road stretch is lively with lot of real estate activities like sale of property and lot of new constructions.
After analyzing a sample of 40 gulf view condominiums and 18 no gulf view condominiums it becomes evident that variations exist between the two different types of properties. When reviewing the data it becomes clear that luxurious gulf view condominiums can fetch larger selling prices and are listed on the market for fewer days than no gulf view condominiums. No gulf view condominiums fetch lower selling prices and sit on the market for longer periods of time since they are not as popular as condominiums that have wonderful views of the gulf.
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