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How is Pallikarani Changing Into a Gem in Terms of Realty Development?


Located in southern part of the Chennai city, Pallikarani has been at the radar of real estate developers and prospective home buyers. With the average price at INR 4,900 per square feet; the price range fluctuates depending on the exact location, quality of construction, reputation of the developer and many other factors.  And apart from these factors, with the Real Estate Regulatory Authority (RERA) under action, unstructured sellers are soon to be eradicated from the market for the betterment of buyers and developers alike.

Why is Pallikaranai under the radar for development?

Pallikaranai is in geographical proximity to prominent IT hubs in the Old Mahabalipuram Road. The corridor accommodates more than 70,000 IT/ITes workforce along with many other college going youngsters. Rental property is always on demand and reasonable rental rates aid working professionals and other youngsters living around the location.

Infrastructural development in Pallikaranai:

There is no dullness in infrastructural development as there are many small bridges being developed in and around Pallikaranai. Plans for the development of the 200 feet outer ring road, Medavakkam-OMR Karapakkam via Pallikaranai have also been proposed. Monorail services are also at initiation stage with a station at Pallikaranai along the Velachery to Vandalur route. The 4 lane road connecting Pallavaram to Thoraipakkam is planned for extension into a 6 lane road for reducing traffic congestion. With such a pace in development, the area has witnessed coordinated growth and the flats for sale in Tambaram and Pallavaram have risen in terms of demand and value. Another great USP for the developers in the location is that the Chennai International Airport is at a nearest distance of 13.5 Kms.

Property rates and rental rates at Pallikaranai:

As there are numerous ready to move in projects in the location, a 1-BHK unit goes for a price of INR 32 lakhs approximately. A 2-BHK apartment unit sells at the rate of INR 60 lakhs and a 3-BHK apartment unit reaches a value of up to INR 1.36 crores easily. Moreover, the values are predicted to grow exponentially in the near future.

Rental market in Pallikaranai is also on the rise with 2-BHK units starting at a rental of INR 7,000/ month, while 3-BHK units go for up to INR 32,000/ month. Advance/security deposits of at least INR 1 lakh is expected in this location, which is a fair price owing to the growing demand.

Other points to have in mind:

Pallikaranai is a part of the eco-sensitive marshland and mindless development would lead to unstable structures in the future. If you are buying a property, it is advisable to buy a property from builders/developers who are approved by the State Real Estate Regulatory Authority.

Pallikaranai waste landfill is also a place with potential harm for the residents around that locality. Make sure that your property is not close to this landfill with overflowing garbage mounds, so that you can dwell without any olfactory hindrance.

With road developments in Velachery and Madipakkam, commuters passing between the narrow stretches of Medavakkam to Pallikaranai are always affected with traffic jams at crucial bottleneck spots. It is expected to take another 3 years for recognizable infrastructural transformation in the location.


Keeping these in mind, if you are prospective home buyer, it is better to opt for developers who are putting up apartments for sale in Pallavaram to Thoraipakkam road. The location is also bound for rapid commercial and infrastructural development like Pallikaranai. However, on the whole, the growth expectancy at these locations is impressive and it is a good bet to invest in a property around these areas. 
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