Perambur : A Prominent Real Estate market in Chennai
Before the start of the British rule, Perambur used to be a bamboo forest. However, the scenario has completely changed and currently, this is one of the most happening localities in Chennai. Located in the North Eastern part of Chennai, Perambur is fast becoming the hub spot for Real Estate Investment. Considered to be one of the oldest residential areas of the city, it has a mixed demographic and several apartments in Perambur have popped up due to its well-planned layout. But what makes this region such an attractive place for investment? Let’s look at some of the interesting aspects of this place.
Located at one of the prominent spots in the City, Perambur is currently served by three railway stations which include Perambur, Perambur Loco works and Perambur Carriage works. This ensures that Perambur is a very significant link between the Northern part of Chennai to the rest of the Greater Chennai. Some of the prominent roads which run through the area are Madhavaram High Road, Perambur Main Road, Siruvallur Road and Paper mills road. The city’s main bus stand Koyambedu is located at a distance of approximately 12 kilometres from here. There is metro connectivity for this area as well with three proposed metro stations coming up in the vicinity – Perambur, Otteri, Pattalam. The koyambedu railway station, Chennai Central and Egmore are all located within close vicinity.
#2. Astounding infrastructures
In North Chennai, Perambur is known to have one of the best social infrastructures. In the past few years, the region has witnessed rapid development and has expanded in terms of infrastructure. Perambur’s flyover is still one of the tallest bridges in Chennai after Kathipara, Guindy. With the advent of the Chennai Metro Rail phase II, Perambur is set to become one of the perfect places to live in Chennai. In addition to this, the government has given importance for infrastructure developments like drinking water and sewage connections in this locality making it one of the best residential areas in the city. Even residential projects are coming up with impressive infrastructures, a suitable example would be SPR Highliving’s project which would be the tallest residential building in Chennai.
#3. Availability of Affordable residential projects
In general, real estate prices are increasing day by day, therefore buying an affordable home with decent features is quite difficult in Chennai. However, Perambur is one such place where you can invest in attractive residential projects at reasonable pricing. Here you can find apartments, builder floor flats and residential houses. For a 2 BHK apartment-sized from 500 to 1000 sq. ft., you would have to pay an amount between Rs 35 to 85 lakh. Further for a 3BHK apartment, the value starts from Rs 85 lakh for 1000 sq. ft. and goes above crore for 1500 sq. ft.
#4. Presence of reputed educational institutions
Perambur has a track record for having some of the best educational institutions in Chennai. Several schools and colleges are located in proximity. Most of these educational institutions have been here for years and have earned their reputation, making them more trustworthy to enrol your children. Some of the reputed include the
- Doveton Correy Boys Higher Secondary School
- Don Bosco Matriculation Higher Secondary School,
- St. Joseph’s Anglo-Indian Higher Secondary School
- St. Mary’s Group of Schools
- Vivekananda Vidhyalaya
- DR Ambedkar Government Arts College
- Chevalier T Thomas Elizabeth College for Women.
The famed Shri Ram Universal School is also coming up at SPR City and admissions will be opening shortly.
#5. An Attractive neighbourhood for the average home buyer
One of the most important reasons this region is preferred these days is due to the experience this place offers. There are a plethora of restaurants and eateries available here, from Aasife Biriyani Centre to KFC & Domino’s. Perambur has every kind of restaurant for everyone’s tastes. This is due to the presence of a rich multi-cultural background of this place ever since colonial times. Furthermore, restaurants such as Wangs Kitchen, Coco Jaunt, Pantry d’or, Milkyway and Cuppa Bistro are located in and around Perambur. The Spectrum – The Grand Venus Mall is home to the S2 Cinemas by SPI Cinemas, which offers an unmatchable movie-watching experience. With posh interiors and Sathyam’s trademark state-of-the-art technology, S2 Cinemas is a paradise for movie lovers. A 1.5 million sq. ft. mall called the SPR City Mall is also coming up in the neighbourhood.
#6. An experience to live in a gated community lifestyle
Most apartments in Perambur provide either a township or gated community lifestyle. From exclusive clubhouses to massive swimming pools, from children’s play-ground to community living, most of the apartments here make life easier for homeowners as every basic necessity is available in their apartment. In addition to that, these residential complexes offer an opportunity to mingle with your neighbours, which would help you in having an active social life. Perambur is home to SPR City, a 63-acre integrated township, the largest of its kind in Chennai, that will offer every comfort one can dream of.
Why you must invest in Perambur?
Perambur has massive real estate potential, this is one of the reasons why many gated communities and luxury apartments are present here. Superb connectivity and impeccable social infrastructure which has led to its rapid growth. This is certainly one of the best places to live in Chennai. Considering the present-day price trends in this region and comparing with the rest of the city’s rising demand, this locality will prove to be a better investment option for the future. The region’s excellent potential will continue to increase property rates and with a number of apartments for sale in Perambur still under development, the area is expected to expand further.