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Padur, located along Chennai's Old Mahabalipuram Road (OMR), has rapidly evolved from a quiet coastal stretch into one of South Chennai's most attractive real estate hotspots. With robust IT connectivity, educational and healthcare institutions, and growing infrastructure, the locality has witnessed notable price appreciation in the past few years. Affordable land rates compared to neighbouring hubs like Sholinganallur and Navalur make it ideal for first-time investors seeking high ROI potential, supported by strong end-user demand and ongoing infrastructure development.
Padur, once a serene coastal stretch near Kelambakkam, has transformed into one of South Chennai's most promising property zones. Nestled along the Old Mahabalipuram Road (OMR), it offers an appealing blend of connectivity to IT corridors, proximity to reputed educational and healthcare institutions, and scenic surroundings. For both homebuyers and investors, plots and apartments in this stretch are becoming highly preferred choices along the IT corridor. Advertisement
Plotted developments in and around Padur, which were priced between INR 2,600-3,200 per sq.ft. around 2021, have seen significant appreciation. By the middle of this year, prices have risen to INR 4,500-7,000 per sq.ft., marking a 50-70% increase within four years. In the Padur-Navalur-Kelambakkam belt, investment plots are now being sold at INR 5,500-7,000 per sq.ft., depending on CMDA approvals and proximity to OMR. With the ongoing IT expansion and Metro Phase-2 extension set to reach Siruseri, property values are expected to grow by another 40-50% in the next three years.
The area enjoys excellent connectivity, with just a 10-minute drive to the Siruseri SIPCOT IT Park housing companies such as TCS, CTS, HCL, and Capgemini, and a 15-minute access to Sholinganallur and ECR junction. It is also only 30 minutes away from the Thoraipakkam-Perungudi IT hub. In addition, the upcoming Metro corridor at Siruseri is expected to cut travel time significantly.
Compared with Sholinganallur and Navalur, where average rates stand at INR 8,500-10,000 and INR 7,000-9,000 per sq.ft. respectively, Padur's average of INR 4,500 per sq.ft. presents a considerably lower entry cost - nearly 50-55% cheaper. This affordability makes it a preferred destination for first-time investors. The area's growth is being driven not only by speculative demand but also by migration from central OMR, as buyers seek more liveable and cost-effective housing options.
The Padur-Kelambakkam micro-market continues to attract steady demand from IT professionals, medical personnel, and academic staff. The presence of institutions such as Hindustan University, Chettinad Health City, and Sathyabama University has created a stable base of students and staff, ensuring consistent rental returns. Developers are introducing large sea-facing gated community projects with modern amenities, further attracting professionals and driving up land rates.
A case study of a Chennai-based investor illustrates the locality's returns. Ms Priya, an HR consultant, had purchased a 1,500 sq.ft. DTCP-approved plot in Padur in 2019 at INR 2,700 per sq.ft., amounting to INR 40.5 lakhs. By 2024, comparable resale prices had touched INR 4,800 per sq.ft., totalling INR 72 lakhs. This reflected capital growth of INR 31.5 lakhs, translating to a 78% appreciation over five years - considerably higher than the returns from bank deposits or gold investments. With the completion of Metro and ECR link projects nearing, property prices are projected to cross INR 6,500 per sq.ft. by 2028, offering nearly double returns within eight years.
Padur's ongoing infrastructure and lifestyle improvements have further added to its appeal. Major educational and healthcare institutions such as Chettinad Hospital and Research Institute, Hindustan College, and SSN Engineering College are located within a short distance. Additionally, retail and leisure options like Vivira Mall, Marina Mall, and The Marina Grand Resort have made the area more self-sufficient. The rise of gated villas and seaside apartment communities is also redefining its skyline.
Padur stands out as one of the few pockets along OMR still offering affordable yet high-potential land parcels. Its combination of coastal charm, IT connectivity, and strong end-user demand positions it as a top investment choice in South Chennai. With expanding infrastructure and the anticipated impact of the Metro extension, Padur's property market is likely to outperform several other OMR sub-markets in the coming years, making it a prime choice for both investors and end-users seeking long-term value and stable returns.
Disclaimer:
The views, opinions, and information expressed in this article are solely those of the author and do not necessarily reflect the views of Prop News Time. The content has not been independently verified or endorsed by Prop News Time. Readers are advised to exercise their own discretion and seek professional advice if required.
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