These Residential Localities Are Thriving Amidst Proximity To Commercial Hubs

Home »  Real estate »  These Residential Localities Are Thriving Amidst Proximity To Commercial Hubs
These Residential Localities Are Thriving Amidst Proximity To Commercial Hubs
01 May 2020

As the nation endures the lockdown due to outbreak of COVID-19, Outlook Money in association with Magicbricks brings to you Residential Realty that helps you make the best of this period and make an informed decision. This week the focus is on localities from India’s prominent residential markets that are thriving in the midst or in the proximity of commercial hubs

DLF Phase 5, Gurgaon

Situated along the vital Golf Course Road corridor, DLF City Phase 5 is one of the highly sought-after areas in Gurugram. It supports community living concept with self-sustainable apartment complexes equipped with modern amenities and decked with natural greenery. Thriving with a mix of residential and commercial establishments, the locality is spread across parts of Sector 53 and Sector 54. Golf Course Road, being a prominent commercial belt, has presence of multiple office spaces and DLF City Phase 5 is just adjacent to it.

Key Features:

  • Nearby corporate hubs include Paras Downtown Centre, Veritas Building, Pegasus One, Palm Springs Plaza and Horizon Centre, among others.

  • Lancers International School, Shalom Hills International School, Excelsior American School and Shiv Nadar School, are some prominent schools nearby.

  • This area has easy access to retail hotspots and health care units such as Central Plaza Mall, South Point Mall, MGF Megacity Mall, KRV Physiotherapy, Medanta - The Medicity and Fortis Memorial Research Institute.

Connectivity: A comprehensive road network coupled with rapid metro rail service connects this area with the rest of Gurugram. Golf Course Road, St. Thomas Marg and Sector 53 metro station, are important for overall connectivity. Moreover, Huda City Centre metro station (Yellow Line) and the bustling MG Road corridor, are also just 4 km away. IGI Airport (15 km) is also easily accessible within half an hour.

Koramangala, Bengaluru

Situated in South-East Bengaluru, Koramangala is an upscale residential-cum-commercial locality. The locality is adjacent to Hosur Road and surrounded by the areas of Adugodi, HSR Layout, BTM Layout, Jayanagar and Ejipura. Koramangala is a preferred residential hub having presence of excellent social infra, sound physical connectivity and proximity to job hubs.

Key Features:

  • It majorly comprises horizontal developments including premium residential houses, builder-floor apartments, villas and low-rise multi-storey apartments.

  • Koramangala is home to many reputed educational institutes such as Indian Institute of Astrophysics, St. John’s Medical College and SVKM’s Narsee Monjee Institute of Management Studies, and schools like St. Francis High School and Bethany High School.

  • It also has popular retail avenues such as the Market Square and the Total Mall, reachable within 25 minutes.

An important commercial hub in itself, Koramangala also shares smooth connectivity with major employment centres of Electronic City, Whitefield and the ORR IT corridor, which are all within an hour’s distance from here. In addition, Koramangala is extensively connected via Hosur Road, Sarjapur Road, ORR and Intermediate Ring Road. Also, the under-construction metro Line 3 (RV Road-Bommasandra) under Phase 2 is expected to be completed by 2023.

Seawoods, Navi Mumbai

Seawoods is a prime residential locality of Navi Mumbai, surrounded by the established areas of Nerul and CBD Belapur. It is a planned locality having Panveel Creek in its south and Thane Creek in the west. The locality hosts a mix of completed as well as under-construction residential projects, majorly catering to the premium segment.

Key Features:

  • Seawoods enjoys ease of access to established workplaces like TTC Industrial Area, Reliance Corporate Park, Electronic Zone and Airoli Knowledge Park.

  • The locality has adequate availability of well-developed amenities such as schools, hospitals, shopping malls, markets, eateries, banks and greenery.

  • Some of the prominent schools in this area are DAV Public School, Podar International School and , Delhi Public School

  • The area also has a good network of hospitals like Apollo Hospitals, Seawoods Hospital, NeuroGen Brain and Spine Institute

Seawoods is widely connected with Navi Mumbai, Thane and Mumbai. Palm Beach Road, Mumbai-Pune Highway, NH-348A and Seawoods - Darave Railway Station (Harbour Line), are crucial for routine commuters travelling to distant places of Mumbai Metropolitan Region. Also, the Phase 1 of the upcoming Navi Mumbai Metro Line 1 (Belapur-Kharghar-Taloja-Pendhar) is expected to further ease connectivity in the region.

Anna Nagar, Chennai

Anna Nagar is one of the most expensive, premium and well-planned residential locality in Chennai, comprising excellent social infrastructure and a sound arrangement of internal roads. Placed along north-west Chennai, Anna Nagar is known for bungalows, independent houses and apartments. It is surrounded by the established locales of Villivakkam, Ayanavaram, Kilpauk, Arumbakkam and Koyambedu.

Key Features:

  • Chinmaya Vidyalaya Senior Secondary School, SBOA School & Junior College, SPARRC Institute and Sundaram Medical Foundation, are some of the key schools and medical care units in the vicinity.

  • Popular malls situated in close vicinity include VR Chennai, Ampa Skywalk and Spectrum The Grand Venus Mall.

  • The locality has quick access to nearby employment hubs of Padi Industrial Estate, Ambattur Industrial Estate and SIDCO Industrial Estate.

  • Key business parks in 5-7 km range include Ambit IT Park, One Indiabulls Park, Prince Info Park and Kochar Technology Park.

Grand Northern Trunk Road, Ambattur Estate Road, 3rd Avenue Road and Villivakkam Railway Station, provides impressive connectivity to Anna Nagar. Besides, it is conveniently served by the Green Line of Chennai metro rail network. Moreover, the main Chennai Central Railway Station (8 km) and Chennai International Airport (18 km), are both well-connected.

Silver-Lining For Real Estate As Consumer Searches Grow: Report
COVID-19 Lockdown Relaxation Impact On The Real Estate Sector

Related Articles