Royapettah, a suburb in Chennai, supports all the basic amenities such as educational institutes, hospitals, business houses and malls. A major advantage that the locality enjoys is accessibility to railway stations, Airport, and the upcoming Metro line.
The locality, located to the west of the famous Marina Beach of Chennai, is about 2 km from the Chennai City Center. The Chennai Central Railway Station is less than 4 km away from Royapettah. The airport is located about 10 km away and towards the south west of Royapettah. A major advantage is that the Metro rail line, which is expected to finish by December this year, will be close to Royapettah.
Some hospitals available in and around the locality are Duraiswami Hospital, Forensic Medicine Hospital and Royapettah Government Hospital. Accommodation and catering facilities are provided by a number of budget hotels in the region. Some popular shopping malls closeby are Spencer Plaza, Express Avenue and Chennai City Center. Some reputed educational institutes located in Royapettah include Queen Mary’s College, Lady Willington Training College, and Vivekananda College.
The capital value of apartments in this locality is from Rs 7,000 to 10,000 per sq ft while the rental value prevailing here is about Rs 6,000 to 15,000 per month for a 2BHK. A 3BHK, on the other hand, costs between Rs 18,000 and 24,000 per month depending upon on area, neighbourhood catchments, builder and property attributes.
V. Vikram Singh from Sunshine Realty said that the establishment of Express Avenue which is Chennai’s largest shopping mall and South India’s second-largest mall has acted as a driving factor for realty growth in this region. He added that 2 BHK from 700-1,000 sq ft and 3 BHK from 1,000-2,400 sq ft are high in demand.
Due to availability of new land parcels, place is predominantly ruled by local and small players apart from Maruthi Builders. Balaji Nagar and Gopalapuram constitute the popular residential areas in the township. There is also a couple of residential colonies like P&T Colony and Lloyds Colony in the periphery.
Ameen of S N Enterprises said due to the close proximity to the City Center, Mount Road, Alwarpet and Milapur, Royapettah is witnessing a lot of commercial activities. “In times to come, this place will be a landmark for flourishing trade and commerce centres. In last one year, rental growth is around Rs 10 to 15 per sq ft per month. The locality features one of the developed commercial centres adjacent to the Chennai City Center,” he added.