Navalur is a suburb in the south of Chennai, in Kancheepuram district in the state of Tamil Nadu. It is located around 24 Kms towards South of the city and nestled between Siruseri and Sholinganallur along the OMR (Old Road). The place was once a village but with the evolution of IT Companies and the rapid development of the Old Road, it has become a bustling suburb. The area is covered with IT companies, Tech parks and housing projects which has further increased the value of the region. Availability of social infrastructure along with physical infrastructure has boosted the demand of residential properties here.
Navalur offers good connectivity to neighboring areas via road and rail. Punggudi Station and Kolatur Station are the two nearby railway stations located close to Navalur. However, Tiruchchirapali Railway Station is a major railway station located at a distance of 10 Kms. The area is 10.3 kms away from OMR and is 14 minutes’ drive via Rajiv Gandhi IT Expressway. The suburb is well-connected by MTC buses and offers excellent connectivity to areas like T Nagar, Saidapet, Broadway, Ambattur and CMBT.
Educational Institutions and Hospitals
There are number of international schools and colleges loacted in and around Navalur. These include Matriculation School, Gateway American International School, ITM Business School, Prof S.A. Matriculation School, Maharishi Vidya Mandir and Sushil Hari International Residential School. The list of colleges includes Sri Venkateswara Dental College, Jeppiaar Engineering College and St. Joseph's College of Engineering.
In addition to schools and colleges, there are many good hospitals located in and around the area. These include Hospital, Ragas Dental College and Hospital, Sri Venkateswara Dental College and Global Hospital.
Real Estate in Navalur
With the advent of the IT revolution in the city and availability of high end residential and commercial real estate spaces, the region has started witnessing a boom. Builders here offer a range of properties from penthouse and independent villas to even studio apartments. Some of the popular ongoing projects in the area are Opaline by Group, Tiana by House of Hiranandani, Spring Dale by Propshell, Ivvy Terrace by Radiance Group and Greenwood City by Unitech.
The rates here are very reasonable when compared to other location in Chennai. The average property rate here is Rs. 4,800 per sq.ft with minimum and maximum property rate being Rs. 2,800 per sq.ft and Rs. 8,000 per sq.ft respectively. Affordability combined with a good location is driving factor that has attracted a number of investors and property buyers here.
Property rates in Navallur have risen by upto 21.2% in last 6 months.
Some of the recently launched projects in Navallur, that you might be interested in, are Aarambh, Habitat, Mabel.