EAST COAST ROAD- A plush residential destination of Chennai!

ECR or East Coast Road is popularly known as State Highway 49 which is located in the southern fringes of Chennai. ECR is a two lane highway which is built along the coast of Bay of Bengal joining Chennai with Cuddalore via Pondicherry. This stretch has also been elongated up to Thoothukudi via Nagore, Chidambaram, Karaikal, Nagapattinam, Muthupet. When it comes to the realty industry of ECR, the place is way ahead and hence has attracted both potential homebuyers and expat population. Also, the place has incredible benefits to offer, thereby making it a gold mine for developers who are excited to bring in innovation in their new residential launches. The buzz created by amount of benefits this place has to offer has further triggered its residential market and has made it a profitable zone for both developers and buyers alike. The locality offers superlative connectivity to other parts of the city through its robust road structures. This connectivity has escalated the sales of existing housing units and establishments of new launches.

Additionally, this remarkable connectivity has led to the establishment of well-structured commercial units, thereby acting as a stimulus in the improvement of locality’s infrastructure. The total length of the road is approx. 690 kilometres, and it runs from Chennai to Thoothukudi. Recently, the state government has made a huge investment in the further expansion of the road and this notable effort by the government has positively impacted the overall growth of the residential market of ECR.

Another major factor which has helped the market is the fact that the locality is a famous tourist spot. The presence of beautiful beaches, entertainment zones, beautifully crafted temples, lush green parks, boating clubs, among others have contributed in capital value appreciation. This price hike will benefit the developers as they will be earning more profits in the coming years.

Therefore, the good utilization of land parcels and orderly urbanization has provided an impetus to the market and attracted home seekers to scout for well-designed residential complexes in this verdant and dazzling belt of Chennai.

So, if you are a prospective buyer who wishes to invest in the high-end residential properties of Chennai, then consider the following residential project coming up in ECR.

NEW RESIDENTIAL PROJECTS

• VGN Coasta, an upcoming premium residential development by VGN Developers is located in East Coast Road, Chennai South. The spacious vgn coasta 2-4 BHK apartments will be available in an exclusive price range of Rs. 73.87 lakh to 2.21 crore. The apartments are approved by leading financial institutions such as Axis Bank, ICICI Bank and HDFC Bank. These well connected apartments are well equipped with modern facilities and amenities including club house, kids play area, gym, power back up, kids play area and many others. The possession of the apartments will start by September 2016. 
  

• Mantri Signature Villas, an upcoming residential project by Mantri Developers is located in East Coast Road, Chennai South. The 3-5 BHK apartments will be available in an exclusive price range of Rs. 3.38- 5.22 crore. The apartments are well versed with latest facilities and amenities including club house, day care center, theatre, multipurpose hall, waiting lounge, gym, restaurant and many others. The possession of the apartments will start by December 2015. 
  

Author Bio:-
Aakanksha Pasricha writes for 99acres.com. She has been writing for the real estate developments happening in different parts of India. When she isn’t writing she browses around the high streets as she definitely has an eye for details. You can visit her @G+aakanksha