Chennai's GST Road Suburbs Witness Unprecedented Development Boom
The Chennai suburbs along the Grand Southern Trunk (GST) Road are witnessing rapid development, including increased employment opportunities, enhanced road and rail connectivity, and a real-estate boom.
Gst RoadChennaiReal EstateFordKilambakkam Railway StationReal Estate NewsSep 18, 2024
The recent announcement of the reopening of Ford's manufacturing plant, which has its presence on GST road, and the ongoing construction of Kilambakkam railway station have been predicted to be the key catalysts for driving the growth in the region.
Ford's reopening is expected to create numerous job opportunities, revive secondary industries, and drive demand for residential and commercial real estate. The company's presence has historically attracted a large number of skilled workers from across the country, many of whom have established their homes here. Similarly, its upcoming reopening is expected to bring in more population into the locality and further boost the housing and commercial demand in the neighboring areas.
The growing influx of workers and industries is additionally expected to relocate to these thriving areas, providing lucrative opportunities for both investors and potential homebuyers, adding value to the real estate market of the region.
The ongoing construction of the Kilambakkam railway station is another major factor that is going to influence the region's growth. The railway station is expected to significantly improve the connectivity from the southern suburbs of the city along GST Road to Central Chennai, with the proximal Kilambakkam bus terminus, further strengthening transport links in the area.
Areas along GST road such as Guduvanchery and Urapakkam, already experiencing extensive growth due to their proximity to prominent IT firms, are witnessing a constant rise in the locality's real estate appreciation. Meanwhile, Singaperumal Koil, strategically located at the intersection of the IT hub and the Auto-rail hub, is rapidly emerging as the real estate hotspot on the GST road.
For homebuyers and investors, the GST Road corridor offers an ideal blend of affordability, connectivity, and future growth potential, making it a prime real estate destination in Chennai's rapidly evolving suburban landscape.
About Mahindra World City Mahindra World City is a pioneer in the development of integrated business cities in India. The company has developed a large industrial park in Singaperumal Koil, which is home to several prominent companies.
Frequently Asked Questions
What is driving the growth in the Chennai suburbs along GST Road?
The recent announcement of the reopening of Ford's manufacturing plant and the ongoing construction of Kilambakkam railway station are expected to be the key catalysts for driving the growth in the region.
What are the benefits of the Kilambakkam railway station?
The railway station is expected to significantly improve the connectivity from the southern suburbs of the city along GST Road to Central Chennai, with the proximal Kilambakkam bus terminus, further strengthening transport links in the area.
Which areas along GST Road are witnessing growth?
Areas such as Guduvanchery and Urapakkam, which are close to prominent IT firms, are witnessing extensive growth. Meanwhile, Singaperumal Koil is rapidly emerging as the real estate hotspot on the GST road.
What is the future outlook of GST Road's real estate?
The GST Road corridor offers an ideal blend of affordability, connectivity, and future growth potential, making it a prime real estate destination in Chennai's rapidly evolving suburban landscape.
Who is developing the industrial park in Singaperumal Koil?
Mahindra World City is developing a large industrial park in Singaperumal Koil, which is home to several prominent companies.
Related News Articles
Mahindra Lifespaces Unveils Phase 4 of Pune's Premium Residential Project
Mahindra Lifespaces launches the final phase of its residential project Mahindra Happinest Tathawade in Pune
Indexation Benefits Removed for Property Sale: What it Means for Investors
property sale, LTCG rate, real estate and gold, Union Budget, investment
Waqf Row: New Tirumala Trust Chairman Criticizes AIMIM Chief, Dismisses Waqf Board as Real Estate Company
The newly appointed chairman of the Tirumala Trust has strongly criticized AIMIM Chief Asaduddin Owaisi, dismissing the Waqf Board as nothing more than a real estate company. Bollineni Rajagopal, the new chairman, has raised several points of contention i
Rahul Vaidya, Indian Idol Star, Purchases Luxury Apartment for Rs 9 Crore in Bandra West, Mumbai
Rahul Krishna Vaidya, the runner-up from Indian Idol Season 1, has added a luxurious apartment to his real estate portfolio in Bandra West, Mumbai, for a whopping Rs 9 crore.
Aurangabad: Employee Steals Rs 21.59 Crore from Sports Complex, Funds Luxurious Lifestyle
In a shocking scam, a 21-year-old employee of the divisional sports complex in Chhatrapati Sambhajinagar, Harshkumar Anil Kshirsagar, embezzled Rs 21.59 crore and went on a spending spree. He is still on the run, while his accomplices and girlfriend have
Affordable Home Sales See a Dip in 2024: JLL Report Reveals
Real estate consultant JLL India's data highlights a notable decline in the sales of affordable apartments across major cities in India, including Mumbai, Delhi NCR, Bengaluru, Pune, Chennai, Hyderabad, and Kolkata.