Tuesday, July 28, 2015

Eco Friendly Living at Mahindra Iris Court

The GST Road stretch or NH 45 is one of Chennai’s most important thoroughfares not only because it connects the state capital to Tiruchirapalli or Trichy but also houses several neighbourhoods in the vicinity such as Guindy, Chromepet, Pallavaram, Urapakkam and Tambaram, which are all important industrial zones of Chennai.
mahindra lifespaces iris court chennai
Photo Courtesy:businessmagazinegainesville.com

The Mahindra Iris Court is a residential community located along the GST Road. The community is characterised by much open space and spacious 3BHK apartments that offer mesmerising views of the surrounding rolling hills and Kovalai Lake in the vicinity. Apart from being spacious, well-planned, adequately lit by natural light and cross ventilated, the flats shall also be fitted with the best tiles and fixtures. Provisions for putting up Aquaguard in the kitchen and AC points in every room shall be provided. For easy movement between floors, multiple lifts shall be installed on each floor. The community has 1 kW of power to support in case of power cuts.

The project is located only 5 kilometres from the Maraimalai Nagar. Rates for real estate in Maraimalai Nagar have been hovering around the same level for some time. Currently, the average rate is Rs 3500 per sq ft. The nearest educational institution is SRM University, around 12 kilometres away. Important sub-markets of the city such as Tambaram, Vandalur, Sriperambudur and Oragadam are 25, 20, 33 and 20 kilometres from here respectively. The Chennai Airport is situated around 35 kilometres from here.

The community includes not only the multiple residential towers but also amenities that would make lives of home owners holistic and fulfilling. Avenues of relaxation planned within the community cater to the needs of both kids and adults. There are several indoor games facilities and dedicated children’s play area. Around 80 percent of the project is open space and lush green gardens that residents can use to relax in the evening. The community has gymnasiums and outdoor party areas as well.

Mahindra Lifespaces is one of India’s leading property developers. They have developed 7.4 million sq ft of residential and commercial space throughout the country while 11.3 million sq ft are under construction or forthcoming. A major property in Chennai of theirs is the Mahindra World City, which is one of its kind and the only other similar project that is coming up from the group is located in Jaipur. The company was one of the first ones to have been awarded Platinum status for green homes pre-certification from the IGBC.

Chennai is one of the leading property markets in India which has also attracted the interest of foreigners. The city’s infrastructure, public participation in processes, high economic growth and employment opportunities have made it a favourable destination for property investments. Chennai property is more reasonably priced which makes it easier for the salaried class to afford apartments and houses. The rental returns are quite most of Chennai, especially along the OMR and GST Road therefore investing along this stretch can be quite profitable.
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