Influence of IT Park Development on Property Prices in Pallikaranai

[Christina Fernandez]

I’m looking at property in Pallikaranai and noticed that there are several IT parks in the area. I’m curious to know how the presence of these IT parks has impacted property prices. Is it driving them up, or are there other factors at play?

• This topic was modified 6 months, 3 weeks ago by gaichermaickel.

[Vijay Nair]

The development of IT parks in Pallikaranai has significantly driven up property prices. The demand for housing has increased as more IT professionals seek residences close to their workplaces.

[Ayesha Banu]

With IT parks comes better infrastructure and amenities, which naturally leads to higher property values. Pallikaranai is becoming a more attractive place to live because of this.

[Parvathy Nair]

The proximity to IT parks has not only increased property prices but also led to the development of premium housing projects, further pushing up costs in the area.

[Abdul Rahman]

The influx of IT companies has also brought more commercial establishments, schools, and hospitals to Pallikaranai, making it a more self-sufficient area. This adds to the appeal and price of properties.

[John Francis]

While prices are rising, the growth has been steady rather than explosive, which could be good for long-term investment. The area is still developing, so there might be more room for appreciation.

[Nirmala Devi]

On the flip side, some areas in Pallikaranai still face waterlogging issues during monsoons. While IT park development has boosted prices, this might be a factor to consider when buying.

[Sanjay Rao]

Rental demand has also surged because of the IT parks. If you’re looking to invest, this could be a good opportunity for generating rental income.

[Teresa Fernandes]

It’s not just the IT parks; the improved connectivity with other parts of Chennai, like the OMR and GST roads, has also contributed to the increase in property prices in Pallikaranai.

[Latifa Begum]

If you’re planning to invest, now might be the right time. Prices are on the rise but are still lower compared to other IT hubs like Sholinganallur and Perungudi.

[Arjun Reddy]

Keep in mind that as the area becomes more crowded due to IT development, traffic congestion might become an issue. This could impact property values in the long term if infrastructure doesn’t keep pace.