Guduvanchery

 

Guduvancheri, also referred to as Kooduvancheri, is a promising suburb, situated in the south-western part of Chennai. The locality falls along the bustling NH-45 that connects Chennai to many other cities of Tamil Nadu. It is sandwiched between Tambaram and Chengalpattu, and falls on the Grand South Trunk Road (GST Road).

 

Surrounded by a number of water bodies, Guduvancheri has come a long way from being just another locality in the outskirts of Chennai to one with great potential. With a myriad of lakes and parks like Nandivaram Lake, Thaangal Eari Lake, Rajiv Gandhi Nagar Lake, Thiruvalluvar Park, and Potheri Park, Guduvancheri contrasts with the otherwise crowded and buzzing localities of Chennai with a calm and serene atmosphere.

 

Guduvancheri is surrounded by areas like Urapakkam, Maraimalai Nagar, Potheri, Adhanur, and many other developing suburbs of Chennai. The locality also shares proximity to a multitude of IT Parks like Accenture, Ford, and Mahindra World City.

 

Guduvancheri has well-developed social infrastructure, with a functional police station, a good number of street lights, and the presence of a fire station in the area. A number of educational institutions like Bharathiyar Matriculation Higher Secondary School, Saint Mary’s Matriculation School, Guduvancheri Boys Higher Secondary School, and SIP-Guduvancheri dart in this area. Apart from these, a host of SRM Institutions like SRM School of Hotel Management and SRM School of Management fall within a 3 km radius of Guduvancheri.

 

The area is also home to a number of healthcare centres such as Christudas Hospital, Sri Venkateswara Clinic, Vasantham Clinic, K. R. Nursing Home, and Sumana Goodwill Home. Commercial establishments such as restaurants, grocery stores, supermarkets, and other shops offering basic amenities dot the area in reasonable numbers. Some of the popular restaurants in the area are Blueberry - The Cake Cafe, Adyar Anandha Bhavan, and Cafe Coffee Day.

 

Key Projects in Guduvancheri : 

Stepsstone Mahathes

S.I.S Queenstown

RRP Thamarai

Altitude Vinayaka

Altitude Big

XS Real Vivacity

 

Connectivity and Transit Points

 

Given its proximity to GST Road, which works as a threshold to Chennai from other south Indian cities, Guduvancheri is well connected with not just the important localities of Chennai, but also a number of other south Indian cities. Roads like Nellikuppam Road, Lake View Road, and Station Road make sure that the locality has smooth connectivity.

 

Public transportation in Guduvancheri is just as good as its roads and streets. A number of buses ply through the locality, making stops at Srinivasa Puram Bus Stop and Guduvancheri Bus Terminus. One can find buses to various destinations within Chennai like T. Nagar, Tambaram, Chengelpet, High Court, Koyambedu, Hasthinapuram, Ambattur, and Vadapalani from here.

 

Guduvancheri Railway Station of Chennai Suburban Railway Network facilitates quick inter-city rail transportation. By boarding the trains at this station, one can reach Chennai Beach, Nungambakkam, Egmore, Kodambakkam, St. Thomas Mount, Meenambakkam, and many other places.

 

Air transport is facilitated by Chennai International Airport, which can be reached via NH-45 in less than an hour. Since the airport is close to Meenambakkam, an affordable option would be to board a train from Guduvancheri to Meenambakkam, and catch an auto from the Meenambakkam station to the airport.

 

Major Landmarks

 

●       Guduvancheri Railway Gate

●       Nandivaram Pond

●       Defense Colony

●       Ponniamman Lake

●       NPR Thirumana Mandapam

●       Perfetti Van Melle Factory

●       Nandeeswarar Temple Lake

●       Guduvancheri TNSEB Office

●       Shirdi Sai Baba Temple

●       Good Shepherd Church

●       Jumma Masjid

 

Factors for Growth in the Past

 

The development of NH-45 is the main factor that paved the way for the realty development of Guduvancheri. The abundance of land filled to the brim with scenic lakes and greenery, put Guduvancheri on the list of suburbs with a potential to shine in the real estate market.

 

Guduvancheri also capitalised on the presence of Chennai Suburban Railway Network in the vicinity. With the railway lines, the area saw rapid development in terms of other social infrastructure like police stations, fire stations, parks, and schools.

 

The well-established social infrastructure roped in a lot of early land investors. Demand for residential properties also increased due to the two SEZs, namely Mahindra World City and MEPZ, situated close to Guduvancheri.

 

Residential and Commercial Market

 

Residential Market Trends

 

Guduvancheri boasts of abundant land availability, especially in terms of residential plots and lands. Because it is in the wake of development, the dominant property type in the area is residential plots, followed by apartments.

 

The residential plot prices are extremely reasonable in the area. The average price is somewhere close to Rs 11,200 per sq. yd., which is close to Rs 1,300 per sq. ft. The multi-storey and builder floor apartments in Guduvancheri are priced more than residential plots, and sell at an average of Rs 3,800 per sq. ft. and Rs 3,300 per sq. ft., respectively. The prices for independent houses in Guduvancheri are the highest, costing close to Rs 4,588 per sq. ft.

 

Independent houses are the cheapest in terms of rent, and cost only Rs 7 per sq. ft. on average. The rent for multi-storey apartments is also reasonable, at an average rate of Rs 11 per sq. ft. However, the rent for well-furnished builder floor apartments is high, and ranges from Rs 16 per sq. ft. to Rs 27 per sq. ft.

 

Commercial Market Trends

 

Commercial properties form only a small part of the property available for sale in the area, as it is primarily a residential locality. For this reason, the prices for commercial plots are extremely reasonable in the area. The average price for commercial plots is Rs 1,030 per sq. ft., so a mid-to-large size plot would cost anywhere between Rs 2.5 crores to Rs 4.9 crores.

 

Major Challenges

 

The bridge connecting GST Road and Madambakkam Road is still under construction, which is a matter of concern for those residents of Guduvancheri who commute via this route. In addition, the construction of the road, lying close to the bridge is pending due to the ongoing construction of the bridge. Due to the incomplete public works construction, a lot of traffic congestion is being witnessed in the area, especially during the peak hours.

 

There have been cases of mauling by stray dogs in few parts of Guduvancheri in the past. However, Blue Cross along with the corporation is looking to sterilise and vaccinate these dogs to avoid any fatal injuries in the future.

 

Factors for Growth in the Future

 

With the concentration of residential projects by Lanco Developers, DVS Developers, and Sriram Sankari Developers along the Guduvancheri-Thiruporur Road, Guduvancheri will soon be brimming with increased real estate activity.

 

The proposal to set up various projects like CMBT Koyambedu Bus Terminal close to Vandalur, a new railway line between Guduvancheri and Sriperumbudur, and the monorail project from Vandalur to Puzhal and Velachery, will further act as catalysts in the future realty growth of Guduvancheri.