Jeeva Nagar, Kattupakkam : A new residential hub near Porur in Chennai |
The crash of interest rates on deposits has prompted investors in India,
especially the middle class to look for new investment avenues. Land has
traditionally been a solid asset, 
which has in most places kept up with the
inflation rates and delivered value to the investor. In several places around
cities, investments in land have yielded manifold returns, making them a
goldmine for the investor. Jeeva Nagar, Kattupakkam, on the Mount Poonamalee Road is one such real estate gem.
Chennai is, broadly, growing in two directions. The Southern Corridor along the Old Mamallapuram Road and the Western - South Western Corridor covering the area from St.Thomas Mount to Poonamalee and Thiruverkadu. Some growth is also taking place in the Anna Nagar West-Mogappair-Ambattur segments, but these segments have already been exploited considerably and short turn returns as well as low cost housing layouts are few.
The Mount - Poonamalee Corridor represents one of the fastest growing arteries in the city for a variety of reasons:
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It is serviced by a broad four lane divided road enabling fast travel. |
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There are established transport links from Mount to Poonamalee and from
Vadapalani to Poonamalee via Ayyappanthangal that serve all developing localities here. |
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Excellent medical facilities at institutions such as Sri Ramachandra
Medical College and Hospital, Porur. |
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Freedom from the water woes that affect the core of Chennai and also the alternative hub to the South. |
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Availability of power connections. |
There are known housing enclaves that have come up on the Mount - Poonamalee stretch over the past decade. Some of these are Park Dugar, Southern Shelters and apartment complexes at Ayyappanthangal.
Jeeva Nagar is the next frontier in this area that could well be called a "Medicopolis" for its excellent proximity to quality health care infrastructure.
