Chennai’s real estate boom is simultaneously witnessing a spurt in the number of malls sprouting in key growth areas.
Earlier Spencer plaza, mount road was the only mall people frequented however times have changed now. With expansive growth in residential properties across Chennai, malls are being constructed at different suburbs. This is wonderful news, as people living in different corners of Chennai need not commute to one single destination for shopping. Malls with Multiplexes, food courts, ATM, leading brand showrooms, beauty salons, super markets, business centers, restaurants etc will soon be accessible to all.
Some of the malls in Chennai include:
· Marina Grand Mall, Egattur, OMR
· Prestige Forum Mall, Arcot Road, Vadapalani
· Spectrum mall, Perambur
· Shriram Properties Mall, GST Road
· Estancia Mall, Vallancheri, GST Road
· DLF Mall, Velachery High Road, Guindy
· DLF mall, C-In C Road, Egmore
· Phoenix, Velachery
· Ozone Group Mall, Koyambedu
· PS Group Grand Chennai Mall, Velachery
· Hiranandahani Mall, Navalur, Egattur, OMR
· Skycity Multiplex, Vanagaram
· TVH Mall, LB Road, Adyar
· Matrix, Vadapalani
· Grand Venus, PeramburA
· Ampa Skywalk, Poonamallee High Road
· Chandra mall, Virugambakkam
· Coromandel Plaza, Siruseri
· Ramee Mall, Anna Salai
· Chennai Central, Nungambakkam
· Express Avenue, Royapettah
· Citi centre, Beach Road
· Abirami mega Mall, Purasawalkam High Road
· Globus, T Nagar
· Ispahani Centre, Nungambakkam
· Spencer Plaza, Mount Road
· MARG JUNCTION, OMR
Every mall in each of these locations attracts visitors from all the neighboring localities. Also, with the mall culture catching up in Chennai people will soon mall hop to experience other malls.
Just as the demand for hi end residential property is increasing consumers today look for a good shopping experience. With a buoyant job market, adequate disposable income, improving lifestyles, and increasing entertainment centers, Chennai offers a plethora of choices when it comes to both housing and shopping.
It is interesting to note that the growth of the new urban cool residential properties is in line with the changing lifestyles of people in Chennai. After all when people live in state of the art apartments/houses can lifestyle options be far behind?
The trend for Chennai’s property market with specific reference to OMR looks promising.
Residential, commercial and retail property construction is on the upswing. The coming years will see malls, retail outlets, super markets, food courts, restaurants, multiplexes and everything else you need to live a full life. OMR is becoming a self contained city – the NEW city.
MARG JUNCTION that is nearing completion will bear testimony to a world class mall on OMR. The one million plus sq.ft mall will be a cocktail of sorts. The mall encompasses twin tower office, 4 star hotel, shopping, dining, leisure, entertainment all under one roof. On the residential front, MARG Savithanjali near Kelambakkam brings you great choices to suit your budget. Easy access to offices, schools, colleges and leisure points makes life simple for you.
The ‘peripheral business district’ is no longer peripheral. Great connectivity, state of the art offices and houses, good infrastructure OMR has arrived in style. The inauguration of Kalaignar Thirai Oor has further accelerated growth along the OMR stretch up to Payanur.
According to a recent survey conducted by MARG ProperTies the number of IT/ITES jobs is likely to increase to almost 3 lakhs within the next two years. With an increase in population density, demand for good homes, entertainment and general social infrastructure is bound to rise.
MARG is coming up with a mindboggling Shopping Mall on the Old Mahabalipuram Road (OMR) in close proximity to the IT corridor. With shopping malls the hottest and ideal destination for our shopping needs, MARG Construction is coming up with this world class shopping mall called as ‘MARG Junction’. This was earlier called as the MARG Riverside mall.
Believe it or not, this development space is ‘ONE MILLION+ SQUAREFEET’. This includes a twin office tower, A 4 star business class hotel with 240 rooms and the Shopping area.
MARG Junction is expected to be completed by 2012 and will serve as the penultimate destination for shopping, dining, leisure and entertainment for the prime growing areas of OMR and South Chennai. Media reports this as one of the biggest and most expected shopping mall of Chennai in the near future.
MARG has also planned to come up with shopping malls ar MARG Swarnabhoomi and MARG’s Integrated Township at Tirupati- MARG Vishwashaki.
Here are a few graphical representation of the awesome structure the mall is going to have,
