Real Estate
Pallikaranai is another fast developing urban area in Chennai. This place was joined in Chennai Metropolitan corporation in 2011. This area comes under the control of CMDA limit. This place has excellent connectivity with IT corridors hosting companies like HCL, Wipro, TCS, Infosys, etc. Also it has very good road connectivity to south Tamilnadu via Tambaram (10 km from Pallikaranai). This place is ideal investment for people who want appreciation for their money. ETL Infrastructure Services MD S Thiagarajan, who has developed an ITeS SEZ in Pallikaranai Chennai, said, "There is so much controversy about the possible misuse and land scam that I do not want to get into social infrastructure. I am sure that private builders will find it lucrative to build houses around our SEZ. This area is popular among birds, there are so many variety of birds come to this area for migration.
The principal and the prestagious residential locality in Pallaikaranai are :Sri Ganapathy Nagar,Jeyachandran Nagar, New Colony, IIT Colony, VGP Shanti Nagar, Maxworth Nagar, Viduthalai Nagar SS foundations's Sai ganesh nagar, Kamakoti Nagar, West Wood Residency Ambal Nagar, Rajalakshmi Nagar, Ranganathapuram, Varadharajapuram and Sai Balaji Nagar etc. The price per ground, i.e. 2,400 sq ft (220 m2) ranges from 45 laksh to 100 lakhs. The Price per Sq.ft for flat ranges from Rs.3900 to 5500 as on April 2012. Pallikaranai hails the latest hi - tech hospital Dr. Kamakshi Memorial Hospital and a paramedical institute Dr. kamakshi Institute of paramedical Sciences.
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