Quote:
Originally Posted by contra
Was reading quite a number of interesting threads where Velachery and Tambaram were compared. Myself had given preference to Velachery in one of the posts and some other members had given preference to Tambaram. So decided to start a thread on this topic.
Please provide with clear points pros and cons for each of the locations and why you prefer one over the other. This should help every buyer/seller to become aware.
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Dear friend,
Velachery:
Pros: (1) Nearer to IT hub and hence higher rental possibility (2) Tenants may be more decent people as mostly middle, upper middle class and high income ( 3 ) Well developed facilities ( 4 ) Decent locality due to new upcoming in the last 15 years or so period ( 5 ) Not very much congested
Cons: (1) Possible fraudulent/duplicate document possibility ( 2 ) Prone for water logging ( 3 ) More of saltish/brackish ground water ( 4 ) Susceptible for vastly varying rental potential depending on IT services business trend ( 5 ) Lower middle class/middle class may find the area costly to live and commute ( 6 ) No busy railway line nearby ( 7 ) Costly RE and the increase or fall in prices may be more steep ( 8 ) Higher taxi, auto charges to important places (9) Higher Govt. guideline value and hence higher Regn. charges
Tambaram:
Pros: ( 1 ) Has both busy railway line and NH GST road nearby ( 2 ) Lower RE prices ( 2 ) Suiting all the class like lower, middle, upper middle and high income ( 3 ) Better bus/train/taxi facilities ( 4 ) Equidistance for IT hub as well as industiral hub coming up ( 5 ) Possibility of sustained appreciation ( 6 ) Lower chances of larger reduction in rates of plots/flats as the rise may also be nominal ( 7 ) Can reach air port, main Railway stations faster ( 8 ) Lower taxi/auto charges to important places (9) Lower Govt. guidline value for land and hence lower Regn. charges ( 10 ) No water logging problem even during thw worst periods ( 11 ) Ground water not so bad as Velachery ( 12 ) Not much of high rise buildings
cons: (1) Some areas congested ( 2 ) Not very near to IT hub ( 3 ) Areas near the railway station/market too much crowded and some what polluted ( 4 ) Due to some what narrow & poorly maintained roads, more difficult to ride through ( 5 ) Old place in existance for decades and hence can see old houses
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