Porur is a small town located on the south-west outskirts of Chennai. On October 1, 1977, the locality was upgraded from village panchayat to town panchayat and is now one of the developed places of Chennai. It was included in the Chennai Corporation (City limit) by the year 2011. Porur has been a favorite among the home buyers mainly because it has emerged as a major hub for Information Technology (IT) companies.

There are three IT special economic zones (SEZs) in Porur, namely the TCG IT Park, Jayanth Tech Park and DLF IT Park. A large number of young professionals are working in this suburb, so for them investing in a house either for own use or for rental is a good choice. According to sources, the property prices in this locality has gone up when compared to the previous quarter.

Besides IT, Porur is also well known for two educational institutions; viz. Meenakshi Ammal Dental College and Ramchandra Medical College. These two institutions attract a large number of patients who look for places to rent out.

The area is well connected to the rest of the city via road. The Porur flyover has eased the traffic congestion which was a bugbear to the residents.

Real Estate Market:

In the recent times, there has been a migration of people opting to live in the peripheries of the city. So areas such as Porur, Perungudi, Vandalur and becoming so popular these days. The reason for this is improved road and rail connectivity which reduces commuting time.

Another reason is the high disposable incomes of double income earning couples who can invest in cars, in most cases for both partners, which negates the dependence on public transportation.

The demand is mainly for affordable housing units – in the range of INR 35 lakh to INR 60 lakh. People are also looking for social infrastructure such as schools, hospitals, restaurants, theatres and shopping in the proximity. The customers are also cautious about investing in projects which don’t have the approvals or are involved in lawsuits.

Porur is one of the fastest growing suburbs in Chennai and is expected to grow faster in the coming years. The locality aims to become the next residential locality for IT professionals due to the number of IT parks and IT SEZs (Special Economic Zones) in the area.

Good Projects in Porur: Navin’s Eden Park, Sobha Serene, Golden Opulence, Urban Tree Infinity