About 5 years ago, along the western side of Old Mahabalipuram Road, in the southern part of the city, what used to be a relatively quiet and underdeveloped area on the outskirts of Chennai is today booming with vibrant Chennaites. Ponmar, not too far from the bustling city and surrounded by lush green landscapes, has its own quaint calmness and is brimming with tasty groundwater and good watershed.

It has seen a steady land rate appreciation over the past few years, especially between 2019 and 2021. In the past year, the land rates at Ponmar have sprung up by nearly 20%! This spike can be attributed to many factors that are interlinked with each other.

Its Strategic Location plays an important role!

One of the major reasons for the tremendous growth of this locality in the past few years is that it is right at the crossroads between OMR and Grand Southern Trunk Road, and in proximity to the major IT Parks located in southern Chennai. Situated just 10 minutes away from SIPCOT, this has become one of the most preferred residential localities for the IT crowd.

This, in turn, leads us to the next big reason - Ponmar being a major attraction for high-end residential and commercial developers.

This area is one of the fastest-growing neighborhoods in South Chennai, Real Estate has been booming with all the big players in the industry contributing towards the increase in high-end residential and commercial developments, especially in the year 2019, with commercial and retail establishments further fuelling its growth in 2020. This locality offers a wide range of housing options from budget-friendly apartments to luxury villas.

Fast-paced and quality real estate development in recent years could be attributed to considerable improvement in its Infrastructure. With easy access to key educational institutions, shopping malls, entertainment centers, healthcare centers, and high-end residential complexes amongst other amenities, this area has become much more vibrant and attractive to potential residents.

Connectivity is yet another major player in blooming Ponmar land rates, especially with its improvement in the year 2021. Well-connected within Ponmar and to other parts of the city with good roads, buses, trains, and autorickshaws, the public transportation here is almost at par with the rest of Chennai, thereby leading to an increase in demand for space.

Overall, the land rate appreciation in Ponmar has been driven by a combination of factors such as Quality Housing Options, Improved Infrastructure, Increased Residential and Commercial establishments, and Excellent Connectivity. Each of these has been a driving force in its own way to make Ponmar what it is today.

Crossway Springs at Ponmar by Stone and Acres is spread across more than 100 acres and is home to multiple integrated communities. Visit the All Projects page to know more about this.