Property in Perumbakkam
Perumbakkam is a suburb of Chennai surrounded by Sholinganallur in the east, Sithalapakkam in the west, Medavakkam in the north and Chemmenchery in the south. It is situated few kilometres from the fast developing IT corridor of OMR, Chennai. Other prominent areas within proximity to Perumbakkam include Guindy, Tambaram, Kelambakkam, Sembakkam and Velachery. Perumbakkam also enjoys good connectivity with important roads and is located close to the upcoming ELCOT SEZ.
Perumbakkam is connected to Medavakkam and Sholinganallur via the 6-kilometre long Road. Another important road passing through Perumbakkam is the Mambakkam Main Road which links two arterial roads - Main Road and Vandalur Kelambakkam Road. Velachery is the nearest railway station to Perumbakkam located at a distance of 13 kilometres while the Airport is about 19.2 kilometres away. MTC buses that originate from Tambaram run via Perumbakkam connecting it with other parts of Chennai. To provide hassle free travel, a 60-feet road has also been proposed from Perumbakkam to Siruseri IT Park.
Schools and Hospitals
Reputed schools in and around Perumbakkam include Zigma Matriculation School, Advent School, Sahasras Pre-School and Vidyalaya Senior Sec. School, among others. This locality also boasts of well-equipped hospitals like Suraj Hospital, Global Hospital, Primary Health Center, Oxygen Hospital and C.M. 24 Hours Hospital.
Real Estate in Perumbakkam
Perumbakkam has emerged as the preferred destination for buyers looking to invest in property in Perumbakkam. The high growth potential of this locality can also be attributed to the affordable pricing values as compared to other residential areas like OMR. Buyers unable to purchase property in Medavakkam find residential properties in Perumbakkam quite affordable. Builders like Casa Grande, Color Homes, Fair Deal and KG Builders are coming up with a wide range of residential projects to suit the demand of investors. Casa Grande Vogue, Color Homes Developer Color Gates, Foundations Sai Residency and Fair Deal Orchid are some of the lavishly constructed projects in this area. Average price of apartment in Perumbakkam is Rs 3,933 per sq. ft. Unit size of apartments range from 400 sq. ft. to 2,347 sq. ft.
Property rates in Perumbakkam have risen by upto 16.9% in last 6 months.
Some of the recently launched projects in Perumbakkam, that you might be interested in, are Oasis III.
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