Guduvancheri: A Developing Realty Destination

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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.

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The stretch has around 2000 newly constructed homes and around 1000 more are being constructed. The residential value has increased by 40% in this area in the past two year. The highest locality price is Rs. 3,100 per sq ft, lowest locality price is Rs. 2,900 per sq ft and the average locality price is Rs. 3,000 per sq ft. The return on investment is witnessing a decrease of 6% q-o-q. If one is interested in rental property, he has to shell Rs. 11 per sq ft in Guduvancheri which is very pocket friendly price. There are around 310 properties for sale in Guduvancheri and some of them are:
 Sriram Shankari
 Vivacity
 Antonys Tremain
 Acacia Shambhavi
 Cholan Exotica
 Opera Palace
 Greens Villas
 Villa Shakuntala
In the last two years the capital values of projects has appreciated nearly 40% and the trend is expected to continue. Hence investing in Guduvancheri promises good yields in long run.






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