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Article -> Article Details

Title Invest in Shriram Ongoing Project in Chennai
Category Real Estate --> For Sale
Meta Keywords Shriram 122 west, Shriram Upcoming Projects in Chennai, Shriram New Launch Projects,
Owner Realtor
Description

Do you want to buy a home in Chennai? Shriram 122 West offers a great chance to invest in a growing area. This project sits in Porur, one of Chennai's most connected neighborhoods. Shriram Properties develops this residential project. The company has a strong track record in South India.

This guide covers all key details about the project. You will learn about the location, unit sizes, prices, and possession dates. You will also see why this project makes sense for buyers and investors.

Why Chennai Is a Smart Choice for Home Buyers

Chennai grows fast. The city attracts IT professionals, students, and families from across India. Porur sits in the western part of Chennai. This area connects well to major IT parks and business hubs.

The city offers good roads, metro connectivity, and social infrastructure. Schools, colleges, hospitals, and shopping malls sit close to Porur. The Chennai metro rail project also expands across the city. These factors push property demand higher each year.

Western Chennai, in particular, sees strong demand. The area links to Guindy, Vadapalani, and the airport. Professionals working in nearby IT corridors prefer this location. They save travel time and enjoy a good lifestyle.

Shriram 122 West: Project Overview

Shriram 122 West is a residential apartment project. Shriram Properties develops it in Porur, Chennai West. The project spreads across 4.98 acres of land. It includes 9 towers with up to 19 floors each.

The project offers about 2,614 apartments in total. The builder plans to complete the project in 3 phases. Buyers can choose from 2 BHK and 3 BHK apartments. The project is under construction now.

This project suits families looking for comfortable homes. It also works well for investors seeking rental income. The location and brand name add value to the property.

Key Project Details at a Glance

 
DetailInformation
Project NameShriram 122 West
DeveloperShriram Properties
LocationPorur, Chennai West, Tamil Nadu
Project StatusUnder Construction
Project TypeResidential Apartments
Project Area4.98 Acres
Total UnitsApproximately 2,614 Apartments
Total Towers9 Towers
StructureUp to 19 Floors
Project Phases3 Phases
Configuration2 & 3 BHK Apartments
2 BHK Size610 sq. ft.
2 BHK Price₹61 Lakh onwards
3 BHK Size857 sq. ft.
3 BHK Price₹85.7 Lakh onwards
Possession (Phase 1)October 2028
Possession (Phase 2)December 2027
Tower 1 LaunchNew Launch, completion by December 2027

Location Advantages of Porur, Chennai West

Porur offers excellent connectivity to the rest of Chennai. The locality sits close to Mount Poonamallee Road. This road connects to major highways and city roads. The Chennai airport sits about 15 km away.

The area has strong social infrastructure. Reputed schools sit nearby, including Velammal Vidyalaya and Sri Ramachandra Medical College. Hospitals like Sri Ramachandra Medical Centre offer quality healthcare. Shopping malls and supermarkets meet daily needs.

Porur also links well to IT hubs. DLF IT Park and Ramapuram IT Park sit close by. Many professionals work in these parks. They prefer homes near their workplaces. This factor boosts rental demand in the area.

The locality offers good water supply and public transport. Buses run frequently to different parts of the city. The upcoming metro phase will further improve connectivity. Property values will likely rise after the metro starts.

Understanding the Project Layout

Shriram 122 West uses the land well. The project spans 4.98 acres with 9 towers. Each tower rises up to 19 floors. This design offers open views and good ventilation.

The builder plans the project in 3 phases. This phased approach helps buyers get homes sooner. Phase 2 possession comes in December 2027. Phase 1 possession follows in October 2028. Tower 1 is a new launch with completion by December 2027.

About 2,614 apartments fill the project. This large community offers many amenities. Families can enjoy parks, walking tracks, and play areas. The project also includes a clubhouse and swimming pool.

Apartment Configurations and Sizes

The project offers two main configurations. Buyers can pick from 2 BHK and 3 BHK apartments.

2 BHK Apartments

The 2 BHK units measure 610 sq. ft. These compact homes suit small families and first-time buyers. The layout uses space well. You get a living room, kitchen, two bedrooms, and bathrooms.

The starting price for 2 BHK units is ₹61 Lakh. This price fits many budgets. Young professionals and small families can afford these homes. The size also keeps maintenance costs low.

3 BHK Apartments

The 3 BHK units measure 857 sq. ft. These homes offer more space for growing families. You get an extra bedroom and a larger living area. The layout supports comfortable family living.

The starting price for 3 BHK units is ₹85.7 Lakh. Families wanting more room will find this option useful. The price offers good value for the location and brand.

Price Analysis and Investment Potential

Property prices in Porur have grown steadily over the years. The area offers good returns for investors. Shriram 122 West starts at ₹61 Lakh for 2 BHK homes. This price sits well within the market range for the area.

Several factors support price growth here. The metro expansion will improve connectivity. New IT parks bring more jobs to the area. Infrastructure projects improve roads and public services. These factors push demand higher.

Rental demand also stays strong in Porur. IT professionals and students need homes on rent. A 2 BHK flat in this area earns good monthly rent. Investors can expect steady rental income after possession.

The project's location offers another advantage. Buyers get a branded project at a reasonable price. Shriram Properties has a good reputation for quality. This trust helps resale value in the future.

About Shriram Properties

Shriram Properties is a well-known name in Indian real estate. The company focuses on residential projects in South India. It has delivered many projects in Chennai, Bengaluru, and other cities.

The company follows good construction practices. It uses quality materials and modern methods. Buyers trust the brand for timely delivery and clear documentation. The company also offers good customer support.

This project adds to the company's growing list of Shriram New Launch Projects in Chennai. Buyers looking at Shriram Upcoming Projects in Chennai should include this project in their list.

Amenities and Lifestyle Features

A good home needs more than four walls. Shriram 122 West offers several amenities for residents. These features improve daily life and add value to the property.

The project includes a clubhouse for community events. Residents can use the swimming pool for exercise and fun. Children get a dedicated play area. Adults can use the gym and fitness center.

The project also offers landscaped gardens and walking tracks. These spaces help residents relax and stay active. Power backup and security systems keep homes safe. Covered parking protects vehicles from sun and rain.

These amenities suit modern family life. They also help attract tenants for rental units. Investors see higher demand for homes with good amenities.

Why Buy in This Project Now?

Buying early offers clear benefits. Prices usually rise as construction moves forward. Early buyers get lower rates and better unit choices. They also get more time to plan their finances.

The project's phased completion helps buyers. Phase 2 units finish in December 2027. Phase 1 units finish in October 2028. Tower 1 offers a new launch option with completion by December 2027. Buyers can pick a timeline that suits them.

The location adds strong value. Porur connects to major job centers and social spots. The area has good schools, hospitals, and shopping options. These factors make daily life easy for families.

Home loan options also make buying easier. Most banks offer loans for under-construction projects. Buyers can pay in stages as construction moves forward. This plan reduces financial stress.

Things to Check Before Investing

Smart buyers check a few key points before booking. First, verify the project's approvals. Check RERA registration and building plan approvals. Ask for the title documents and verify them.

Second, review the payment plan carefully. Understand the construction-linked plan or any other option. Third, check the possession dates in the agreement. Make sure the builder commits to these dates in writing.

Fourth, visit the site if possible. See the construction progress and the surrounding area. Check road access and nearby facilities. Fifth, compare prices with other projects nearby. This step helps you judge the value.

Finally, read the agreement fully before signing. Ask questions about maintenance charges and hidden costs. A clear understanding protects your money and your peace of mind.

Final Thoughts

Shriram 122 West offers a solid option for home buyers in Chennai. The project sits in Porur, a growing and well-connected area. It offers 2 BHK and 3 BHK homes at fair prices. The builder has a good track record.

Buyers get a large community with useful amenities. The phased completion gives flexibility on possession dates. The location supports both living and rental income. These factors make the project worth serious thought.

Investors should look at the long-term picture. Porur will likely see more growth in the coming years. Metro expansion and IT growth will push demand higher. Buying now gives you a chance to gain from this growth.

Families should visit the site and check the details. Speak to the sales team about payment plans and unit choices. Compare the project with other options in the area. Then make a decision that fits your budget and needs.