Pallikaranai is a rapidly developing area in Chennai owing to the growth of IT industries in the city. It is a suburban area which houses a natural lotus lake. It is one of the citys biggest automobile hubs. Its proximity to Old Mahabalipuram Road has attracted a lot of people working in IT companies to settle here.ConnectivityPallikaranai is surrounded by key areas of the city including Medavakkam, Thuraipakkam, Velachery, Madipakkam, and Karapakkam. Most of the transportation in this region is dependent on Metropolitan Transport Corporation buses, however, Chennai Monorail plans to develop a station in Pallikaranai in Velacheri-Vandalur rail network. At present, the nearby railway station for local travel is the Velachery MRTS Station network. Pallikaranai is located at a distance of 12 kilometres from Chennai international airport and at a distance of 20 kilometres from Chennai Central. The most important bus stops are Pallikaranai main Bus depot, Narayanapuram Stop, and Balaji Dental College Stop.Real estateThe existing rates of apartments in Pallikaranai ranges from Rs 4,215 per sq ft to Rs 4,842 per sq ft, and these rates have been increasing with the development and spread of IT industries around the area. Rented accommodations would cost around Rs 10,000-Rs11,000 for a 2BHK flat. Individual houses are also available and fast selling in this area and the cost range from Rs 5,653 per sq ft to Rs 7,651 per sq ft. Plots, however, are available at cheaper rates that range between Rs 3,197 per sq ft to Rs 3,860 per sq ft.Social infrastructurePallikaranai has a beautiful lotus lake that acts as a fresh water source for the residents of this area. There is a National Institute of Ocean Technology in this locality. Multispecialty hospital, Dr. Kamakshi Memotial Hospital is located on the road that connects Pallikaranai and Velachery.

Source: https://en.wikipedia.org/