India, Tamil Nadu, Chennai
Poonamallee
Poonamallee is the suburban locality located towards west of Chennai. It is situated in Thiruvalur district of Tamil Nadu. It is a locality with rich cultural history and is now growing into a developed town at a rapid pace. It comes under Sriperumputur Parliamentary Constituency.ConnectivityThe town of Poonamallee is situated at a distance of 23 kilometres from Fort St George and 17 kilometres from Sriperumbutur. It is situated at the ending of Mount-Poonamallee High Road a significant highway of the city and Poonamalle High Road, at a distance of 11 kilometers from Guindy, one of the oldest residential localities and 13 kilometers from Koyambedu bus depot, the intercity bus station located on the Chennai bypass. The adjoining railway station is at Avadi that is 10 kilometers away. It is also a significant point for buses that start from Koyambedu and travel towards Tirupati, Kanchipuram and other nearby cities. It is situated at a distance of 20 kilometers from the Chennai airport and 22 kilometers from Chennai Central Railway Station.Real estateThe residential real estate in Poonamallee has multi-storey flats and gated communities, along with few independent houses and suburban plots, up for sale. The property rates fall within the range of Rs 3,800-4,300 per sq. ft. The commercial market is also flourishing in this area. Despite the fact that it is not as productive as the residential market, this market has plenty of warehouses. The property prices here range between Rs 1,500-2,000 per sq ft. This area is good to invest in owing to the potential of development and appreciation value of land. The market is evenly customer and shareholder dependent.Social InfrastructureThere are places of worship including a Shiva temple and traditional catholic churches. There are entertainment places including Bhagvathi Theater and Gokulam Pavilion. The existence of offices of some renowned companies including Indialand Techpark, Motorola, Asian Paints, Hyundai and a number of other IT firms are attracting young IT minds to settle in this locality.Source: https://en.wikipedia.org/