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Well Established Areas In Great Demands For Residential Real Estate

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Well Established Areas In Great Demands For Residential Real Estate
23 October 2019

This week the focus shifts to well established areas of Delhi, Chennai, Thane and Hyderabad. Outlook Money’s Residential Realty in association with Magicbricks focuses on established residential areas like Mayur Vihar (Delhi), Adyar (Chennai), Ghodbunder Road (Thane) and Uppal (Hyderabad). These residential markets are in great demand since they are self-sufficient and are closer to the key job hubs.

Mayur Vihar, New Delhi

Situated in East Delhi, Mayur Vihar is a well-established residential locality placed near to the border of Noida and Delhi. It comprises a mix of builder floors and multistorey apartments majorly in the form of DDA Flats and Co-Operative Group Housing Societies, respectively. The locality boasts easy accessibility with prominent areas of East Delhi, South Delhi, Central Delhi, Noida and Ghaziabad, through Noida Link Road, Delhi-Meerut Expressway, DND Flyway as well as Pink & Blue Lines of Delhi Metro.

Mayur Vihar has adequate social and retail infrastructure in and around the locality comprising schools, hospitals, clinics, eateries, gyms, local shopping complexes, malls and entertainment avenues. These include Amity International School, Ahlcon International School, Dharamshila Narayana Superspeciality Hospital, Max Super Speciality Hospital Patparganj, Acharya Niketan Market, Samachar Market, Noida Sector-18 Market, DLF Mall of India, etc.

The locality benefits from its proximity to various employment hubs in Noida. Prominent office parks in Noida include Advant Navis Business Park, Unitech Infospace, Lotus Business Park, Tech Boulevard, HCL Technologies SEZ, Galaxy Business Park, Logix Cyber Park and Spring Meadows Business Park, among others. Also, Mayur Vihar is well-connected with key business centres such as Connaught Place, Barakhamba Road and ITO.

Adyar, Chennai

Adyar is a well-developed neighbourhood in South Chennai. Located on the banks of the Adyar River, the locality is bounded by Besant Nagar, Buckingham Canal and Thiruvanmiyur. It is well-connected to various prominent localities of the city, via key roads such as Old Mahabalipuram Road (OMR) and East Coast Road (ECR). The locality is also served by public transportation facilities including Metropolitan Transport Corporation (MTC) buses, shared autos and Mass Rapid Transit System rail. It is also planned to be a part of the proposed Chennai Metro Rail Phase 2.

Adyar has plenty of daily need stores, eateries and is well-connected with famous malls such as Express Avenue Mall (Royapettah) and Phoenix Marketcity (Velachery). Various reputed schools and hospitals situated in near vicinity include Shisya School, The Hindu Senior Secondary School, St. Michael’s Academy, Fortis Hospital and Adyar Cancer Institute.

It is placed closer to several key employment hubs in Chennai comprising business parks and special economic zones, having offices of many multinational and domestic Information Technology (IT) & Business Process Outsourcing (BPO) firms. Some prominent office buildings nearby include Ramanujan IT City, Tidel Park, Ascendas IT Park, and RMZ Millennium SEZ.

Ghodbunder Road, Thane

Ghodbunder Road is an important road which connects the Western Express Highway at Ghodbunder and the Eastern Express Highway at Majiwada. Nearly 20 km long, it runs along the key localities of Kasarvadavali, Kavesar, Hiranandani Estate, Brahmand, Patlipada, Manpada and Majiwada. It has emerged as a residential destination offering affordable properties when compared to Mumbai. Key projects in the micro-market include Raunak Bliss, Lodha Splendora, Puraniks City Reserva, Haware Citi and One Hiranandani Park.

It enjoys easy access to several offices and industrial entities situated in Thane West, Navi Mumbai and Mumbai. Some of the key job hubs include Kolshet Industrial Area, Wagle Industrial Estate, LODHA iThink Techno Campus, G Corp Tech Park, TTC Industrial Area Airoli. Moreover, the micro-market hosts sufficient social & retail amenities. Some prominent infrastructure here comprise D.A.V. Public School, Orchids - The International School, Vedant Hospital, Big Shopping Center and Viviana Mall.

Ghodbunder Road has gained prominence as it offers ready connectivity with both Eastern Express Highway and Western Express Highway, and thus provides quick access to Mumbai. The area enjoys strong bus connectivity and is well-placed closer to Thane Railway Station. Also, the under-construction Metro Line 4 (Kasarvadavali-Wadala) would boost connectivity.

Uppal, Hyderabad

Situated in East Hyderabad, Uppal is a residential locality comprising horizontal development in the form of well-organized colonies. It is surrounded by Musi River to its south, NGRI Scrub Forest to its west and Pedda Cheruvu Lake to its north. Rajnagar Colony, Hanumasai Nagar and Venkateswara Colony, are some of the nearby localities to Uppal. Rajiv Gandhi International Cricket Stadium is a major landmark here. Uppal hosts various industrial entities in the Industrial Development Area and also has an IT-SEZ namely NSL Arena, comprising offices of various software technology firms. Moreover, it is well-connected with Infosys SEZ and Raheja Mindspace Technology Park in Pocharam.

Uppal comprise decent social and retail infrastructure facilities. Some of the schools and hospitals nearby are Sri Sai Public School, St. Joseph’s School, Aditya Hospitals, Matrix Hospital and Spark Hospitals. Key shopping avenues here include Sree Hemadurga Mall, DSL Virtue Mall (partially operational) and CS Brothers.

The locality has sound connectivity with rest of the city, through Inner Ring Road and NH-163. Moreover, it is served by Uppal metro station placed on the Blue Line connecting Nagole with Hitec City. Also, Moula Ali is the nearest railway station to Uppal, placed about 20 minutes away.

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