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Kovalam, Chennai - A destination for future investments
Kovalam (Covelong Beach) located on the ECR en route to Mahabalipuram, is regarded as one of the most adventurous beaches of Chennai. There are several locations in and around the city which are not just history, but are also fabulous from the prospect of spending a pleasant weekend or a short vacation. Kovalam in Chennai is popularly known as a fishing village, but if you dig deep into its history, you will come to know that it was a port town developed by the Nawab of Carnatic, Saadat Ali. However, it was later taken over by the French and then demolished by the British. The scenic beach, windsurfing and fishing activities draw tourists from all round the globe. Keeping all these factors in mind, areas along Kovalam is anticipated to emerge as a prime destination for real estate investments in the future.
Kovalam enjoys superb connectivity to other major localities of Chennai through bus service offered by Metropolitan Transport Corporation (Chennai) (MTC) and TNSTC. People can reach here either by Old Mahabalipuram Road (OMR) or by the East Coast Road (ECR). Chennai International Airport is at a shorter distance which is an added advantage. With a greater number of tourists arriving every year, the place has gained special recognition amongst developers and builders. Although huge fraction of land is untouched, developers such as Vijay Shanthi Builders and Proptree Foundations are aggressively investing in this locality. The Vijay Shanthi Group is coming up with a residential project named blue, which contains 19 exclusively designed luxury villas in a configuration of 2 BHK apartments for sale in Kovalam.
Moreover, easy access to the SIPCOT Industrial Park and IT Expressway makes the locality a potential commercial hub in coming future. Nitin Gadkari, Union Minister for Road Transport, Highways and Shipping, recently announced that the ECR connecting Chennai and Kanyakumari would be developed as National Highway (NH). This announcement can be considered as a big driving factor for real estate investments in localities along the road. The Price of 2 bhk apartment for Sale in Kovalam is expected to grow rapidly in the coming days. Those days are not far away when the locality will be fully occupied with upcoming residential and commercial projects.