Sithalapakkam

Tucked away in a corner of South Chennai, Sithalapakkam used to be a beautiful village surrounded by breath-taking hills and two expansive lakes. The locality still maintains some of its rustic charm - one of the factors for attracting home buyers even today. Even though it lies towards the outskirts and situated amidst nature, the locality is well connected to the centre of the city. Neighbouring areas to Sithalapakkam include Medavakkam, Perumbakkam, Maduraipakkam, and Sholinganallur.

Social infrastructure in the area is not as prominent as those in the surrounding localities. But good connectivity more than makes up for it. Plus, one can find many good schools, colleges, and healthcare centres in the vicinity. Global Hospital and Health City are both leading hospitals and located on the Medavakkam-Sholinganallur road. But the recently opened Raajan Hospital within Sithalapakkam has become a source of proper healthcare within the locality itself.

Connectivity and Transit Points

Sithalapakkam’s connectivity infrastructure has not yet reached its full potential. The buses plying through this locality are mostly the State-run Chennai MTC buses. They connect Sithalapakkam with Chennai Mofussil Bus Terminus, Ottiambakkam, T. Nagar, Tambaram, High Court, and Sadiapet. Other than buses, the residents also depend on share auto-rickshaws and personal vehicles to travel to other places from here.

When it comes to long-distance travel, the residents have two nearby railway stations to choose from, Tambaram Railway Station or the Velachery MRTS. In addition, Chennai International Airport is located just 17 km away from Sithalapakkam.

Major Landmarks

●     Sithalapakkam Lake

●     Venus Colony Park

●     St. Anthony Church

●     Jone Foundation Dream Park Area

●     Sithalapakkam Cemetery

Factors for Growth in the Past

One of the driving factors is the easy accessibility of the locality with the IT corridor of Chennai. Just driving down the 60-feet road, towards Navalur will take to the IT hub of the city. For employees working in the IT offices in these areas of Chennai, Sithalapakkam is often the rational choice, owing to cheaper prices and easy connectivity. With its pollution-free atmosphere and sweet underground water, this locality is like a siren’s call to the great number of real estate developers.

Residential Market Analysis

The residential market in Sithalapakkam consists essentially of multi-storey apartments, followed by independent houses and residential lands. Of these, multi-storey apartments in Sithalapakkam fall in the price bracket of Rs 3,500-3,700 per sq. ft. The price of the independent houses lie in the price bracket of Rs 5,000-5,300 per sq. ft., whereas that for the residential plots in Sithalapakkam lie in the Rs 1,200-1,400 per sq. ft. range.

Major Challenges

The air which used to be clean and completely devoid of any signs of pollution only a few years ago, is now starting to contain dust and traces of harmful particles.

The beautiful Sithalapakkam Lake is also running the risk of getting contaminated. Underground water shortage is being seen in parts of the locality. This is mainly because of illegal water mining in Sithalapakkam.

Factors for Growth in the Future

Better prospects lie on the horizon, for Sithalapakkam, with more and more IT giants entering the region, and improved connectivity to to the nearby localities of Medavakkam, Sholinganallur, and Navalur. Add to that the growing infrastructure around this locality; for example, the upcoming road connecting Sithalapakkam with the OMR, will give further impetus to the real estate market growth in this locality.