Overview of Poonamallee High Road, Chennai

Location and Connectivity

• Poonamallee High Road, also known as Periyar EVR High Road, is an arterial road stretching 14 km from Muthuswamy Bridge to Maduravoyal Junction. It connects the eastern and western parts of Chennai.
• Serving as National Highway NH-4, the road passes by key transit points such as Chennai Central Railway Station and Chennai Mofussil Bus Terminal (CMBT).

Key Landmarks and Infrastructure

• The area is famous for its medical hubs, with many hospitals, medical colleges, and clinics along the street. Major hospitals are Rajiv Gandhi General Medical Hospital and Kilpauk Medical College and Hospital.
• CMBT near Koyambedu is one of the largest bus terminals in Asia and plays a crucial role as a major entry and exit point for the city.

Property Types and Prices

• The region mainly features multi-storey apartment buildings. Independent plots and layouts are also available but less common.
  • For flats, prices range from ₹4,650 to ₹7,000 per square foot. A 2 BHK flat costs between ₹35 lakhs to ₹60 lakhs, while a 3 BHK flat is even higher.
  • Plots cost from ₹3,636 to ₹9,070 per square foot. For instance, an 800 sq.ft plot in Poonamallee High Road can cost around ₹45 lakhs.

Connectivity and Transit

• Various transport options are available, such as MTC buses, shared and metered auto-rickshaws, and maxicabs.
• The new Chennai Metro Rail project, with stations both elevated and underground, will further improve this connectivity.

Challenges

• People here face challenges like heavy traffic, noise pollution, and traffic-related road wear. Water shortages, especially in healthcare facilities, is another major issue.

Growth Prospects

• Infrastructure development is key for growth. Three flyovers and the Chennai Metro Rail project will greatly enhance connectivity and drive real estate growth.
• Expect a capital appreciation of about 50% in the next couple of years, highlighting it as an investment hotspot.

Lifestyle and Demographics

• The area feels lively and full of young people due to its active nature. Numerous educational and healthcare institutions make it even more inviting.

PropertyWala's Conclusion

Poonamallee High Road provides great connectivity, infrastructure, and investment chances for property buyers and renters in Chennai. Despite traffic and pollution issues, the new and upcoming infrastructure upgrades aim to elevate living standards and property values. It's an ideal spot for both end-users and investors. Yet, it’s important to consider the advantages and drawbacks, specifically the local challenges, before deciding.