Perungudi - Real Estate Destination

Perungudi: A sought after real estate residential destination, why?

 Chennai

If you are searching to buy property in the budget range of Rs. 80 to 100 lakh, perungudi should be the ideal destination, which has the most loads of housing options. With factors like well-built social infrastructure, proximity to IT corridor and with seamless connectivity, Perungudi is most ideal location for both mid and hi end user. Here’s why:

Connectivity

Most strategic location, the IT corridor on the Old Mahabalipuram Road (OMR), Perungudi enjoys smooth connectivity to the major IT hubs of the city. While Thiruvanmiyur and Velachery are just 4-km away, Sholinganallur can be reached in fifteen minutes via the OMR.

20 minutes is what it takes to reach any destination you desire, being in the heart of OMR and galvanized by the direct mix of exclusive corporates, lifestyle and leisure gives more time for you and your family. The neighbourhood gives a perfect work life balance.

“The connectivity through the Suburban Railway Network, Metropolitan Transport Corporation (MTC), and proposed Metro Rail is acting like a catalyst for attractive investment in the area. These transport modes connect Perungudi to the nearby commercial destinations including places such as Saidapet and Tambaram.

Affordability

In addition to the proximity to IT corridor, Perungudi is in high demand due to its affordability values, various projects from vast range of developers, who offer value proposition for one’s investment compared to the neighbouring Thiruvanmiyur and Adyar. Currently a basic apartment projects commands a price range of INR 10000 to 12000 per sft in Thiruvanmiyur, whereas in Perugudi with more modern amenities and facilities the price ranges only between INR 7000 to 10000.

Hence, 1st time home buyers particularly, IT professionals working in Velachery, Thiruvanmiyur and Adyar prefer Perungudi as an ideal residential destination.

Livability

The robust social infrastructure has helped Perungudi’s real estate growth. The neighbourhood has all the modern amenities which are essential for an end-user such as hospitals, schools, hotels, shopping and entertainment zones. There are plenty of options available for rental accommodation as well. One can easily get a 2BHK flat in the range of INR 15000-20000 and a 3BHK for INR 25000 to 35000 per month.

Availability!!!

As per the data, there has be lots for new launches in and around perungudi in the last couple of years, particularly in the Multi storied segment, namely – Brigade’s – WTC Residences, Risland’s – The ACE, Appaswamy’s – Altezza, TFE’s – Falling Waters, so of these projects are ready to move with all modern amenities and facilities. The locality offers some of the independent and semi-independent Villa / Row house projects as well, namely RAM’s Ragashree, Ramcon’s – Insignia.

There are many other projects that are under construction and will be ready-for-possession sooner or later.     

Key Takeaways:

• -     Proximity to major IT Hubs such as Thiruvanmiyur, Tharamani & Velachery.
• -      Lots of new infrastructure development proposed including BRTS, Metro Rail connectivity
• -      For the best lifestyle apartment the capital value ranges in between INR 8000 to 10000
• -      Plenty of Rental apartment options available
• -      Many projects are the in the development stage