Perumbakkam-an Ideal Choice For Investors

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Perumbakkam-an Ideal Choice For Investors

• BY
• Thomas Andrew

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About

• Perumbakkam is a fast developing suburb and is
  located just a few kilometers from the IT
  corridor OMR.
• It is surrounded by Sholinganallur to the east,
  Medavakkam to the north, Chemmencheri to the
  south and Sithalapakkam to the west.
• The driving factor for constructing Perumbakkam
  flats and apartment is its closeness to IT
  corridor.

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Connectivity

• Residents of this locality are mostly the people
  working in IT hubs.
• The proximity to the two IT corridors, OMR and
  Sholinganallur through the ECR Link Road has
  encouraged people to invest here.
• This locality is well-connected to Tambaram via
  the Velachery-Tambaram road and to Sholinganallur
  through the Medavakkam-Sholinganallur road.
• Perumbakkam is very close to Medavakkam, which is
  benefitting the area a lot. Investors, who cannot
  afford to purchase property in Medavakkam, are
  eyeing for plots and apartments in Perumbakkam.
• Chennai Airport is just 15 kms from this
  locality and the nearest rail station is
  Velachery. MTC buses originating from Tambaram
  East goes via Perumbakkam to other parts of
  Chennai.
• For the relief of commuters, a 60 feet road is
  proposed from Perumbakkam to Siruseri IT Park,
  thus boosting the cost of Perumbakkam land for
  sale even more.

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Infrastructure

• Perumbakkam Lake is the vital source of drinking
  water for residents and farmers of this locality.
  
• As this area is close to Medavakkam and
  Pallikaranai.
• There is no dearth of goods schools, colleges and
  hospitals. Upcoming schools like Hiranandani
  Upscale School, BVM Global, Kendriya Vidyalaya,
  GT Aloha Vidya Mandir, N. S. N. Matriculation
  Higher Secondary School, Sri Sathya Sai Institute
  of Educare and Sigma Matriculation School are
  close to this suburb.
• Reputed colleges like Asan Memorial College of
  Arts and Science and Prince Sri Venkateshwara
  Padmavathi Engineering College are some of the
  finest institutions in Chennai.
• When it comes to health care, one can find
  renowned hospitals such as Kamakshi Memorial
  Hospital, Global Health City, Karunya Hospital,
  Balaji Hospital and Balagangadhara Varma Nursing
  Home.
• Proximity to IT corridor is witnessing opening
  up of various international and Indian
  restaurants. Some of them worth mentioning are
  Mary Brown, Milagu Chettinad and Al-Khabeer.

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Real Estate

• Boom of real estate in this suburb is a boon to
  the people who are looking for flats in OMR
  stretch but cannot afford it in the neighbouring
  areas like Velachery and Medavakkam due to the
  price factor.
• Builders in Perumbakkam are coming up with wide
  range of projects to suit different type of
  investors.
• Few of the ongoing projects in Perumbakkam are
  Solaray Apartment by Land Marvel, Naveen Square
  by Naveen Builders, Srikaras by STepstone
  Promoters and Malles Aashira by Malles
  Constructions.
• Apartment like Malles Ashira are providing wide
  range of amentias like club house, baby"day care,
  spa and salon, swimming pool, air-conditioned
  gymnasium, badminton court, jogging track, among
  many others.

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Price Trends

• The average value of flats for sale in
  Perumbakkam is Rs. 3700 per square feet.
• For the people opting houses and flats for rent
  have to shell out approximately Rs. 12-13 per
  square feet.
• Residential plot may cost Rs. 24,500 per square
  feet.
• Since huge numbers of IT companies are operating
  here, investment here is a great opportunity, as
  the prices are affordable now.
• Analysts say that in the last few months the
  locality has witnessed a rise of 8 in the
  property value and seeing the trend it may raise
  even further.

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