Once seen as a spot on the city periphery, Vandalur is now attracting strong buyer interest driven by proposed metro connectivity, expanding employment opportunities, and the Chennai Metropolitan Development Authority’s (CMDA) plan to convert it into a cosmopolitan hub. Land prices have risen sharply over the past four years, increasing by 25–50%, even as the southern suburb remains 30–40% cheaper than Old Mahabalipuram Road (OMR).
At the centre of this boom are the Kalaignar Centenary Bus Terminus at Kilambakkam and the Outer Ring Road corridor development, supported by the opening of IT parks, MSME clusters, and mixed-use townships. Land prices reflect this momentum. Plots that sold at ?3,000–3,500 per sq ft a few years ago now trade at ?4,000–6,000 per sq ft. The price of a ground has climbed to about ?75 lakh, compared to ?5–10 lakh five years ago. This appreciation is expected to have a cascading effect extending up to Chengalpattu.
While still significantly more affordable than OMR, brokers note that prices have firmed up by 10–15% following announcements of premium educational institutions in the area. One of the biggest advantages of the Grand Southern Trunk (GST) Road corridor is its strong multimodal connectivity, with access to train, bus, and air transport. Vandalur is located just minutes from Tambaram, less than 30 minutes from Chennai airport, and offers convenient access to the Oragadam automobile belt and nearby IT hubs.
The 20-km stretch between Vandalur and Kelambakkam features a motorable road linking the IT corridor of OMR with the IT and manufacturing corridor along GST Road. Dotted with reputed educational institutions, residential plots, and apartment developments, this stretch is expected to see steady capital appreciation in the near future.
Urban planners point out that CMDA’s proposal to designate Vandalur as a mixed-use growth hub under the third master plan significantly strengthens its long-term prospects. The development pattern mirrors the early transformation of Koyambedu, characterised by a major transit hub, government-backed zoning, residential development, and a diversified employment base. Experts estimate 40–60% price appreciation over the next three years, along with healthy rental yields.
Senior CMDA officials add that Vandalur is emerging as a key growth corridor as Chennai’s expansion becomes increasingly decentralised. Land-use planning is being aligned with market demand and future potential, and since the commissioning of the Kilambakkam bus terminus, the locality has witnessed sustained growth over the past few years.
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