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Karanai, Navalur, OMR Phase 2, Chennai 603103
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I work in Siruseri ELCOT – Karanai is 3.5 km from my office which means a 10-minute commute vs the 45-minute ordeal I had from Tambaram. Visited Elinor site last month. Construction is on the 11th floor currently for the main tower. At this pace they'll reach structural completion by early 2026 which makes the Oct 2026 possession plausible. The Casagrand site manager was helpful – showed me the floor plan on a tablet and confirmed that floors 15-19 still have units available (lower floors sold out). The higher floor units facing north have unobstructed views of the Sholinganallur tech park skyline. For ₹58L in this location with 19 floors, the math genuinely works.
The 548 units in a single tower structure means this community will have a certain intensity of use. 19 floors × (assumed) 4 units per floor × say 6 total blocks = 456 units? Actually 548/19 floors = ~29 units per floor which seems high for a single tower. Need to clarify whether it's genuinely 1 tower or split into multiple blocks labeled as one project. Ask the sales team specifically how many lift cores, how many staircases, and how units are distributed per floor. Parking will also be critical – 548 units in 5 acres with basement parking will be 2-3 basement levels minimum.
₹4,299/sqft for OMR makes sense only if you're actually working on OMR. For everyone else, Karanai is too far – ORR connectivity helps but it's not a practical daily commute to central or north Chennai. If you're an IT employee in Siruseri or Thalambur this is excellent value. If you're hoping to rent it out, the tenant pool is almost exclusively IT employees from nearby parks. Rental: furnished 2BHK in Navalur goes for ₹18,000-22,000/month. On ₹58L investment that's roughly 3.7-4.5% gross yield which is reasonable for Chennai.