Introduction
Perambur is a growing residential area in North Chennai with good connectivity to the rest of the city. Over the past few years, several luxury residential projects have come up in Perambur catering to homebuyers looking for large apartments with high-end amenities. However, buying a luxury flat is a major financial investment that requires careful consideration of various factors. This blog discusses the top 10 things prospective buyers must evaluate before finalizing a luxury flat purchase in Perambur.
| Did you know? According to the sources, the residential sector has witnessed remarkable growth, with housing units increasing significantly from 10,100 in 1999 to 275,000 by mid-2024—a 27-fold rise. Property values have also escalated, ranging from Rs 5,000 to Rs 25,000 per sq. ft in 2024, compared to just Rs 850-2,500 in 1999. |
Top 10 Considerations Before Buying Luxury Flats in Perambur
1. Location and Connectivity
The location and connectivity of the project are among the most important factors to consider. A well-located project will have easy access to major roads, public transport links, offices, schools, hospitals, shopping areas etc. Buyers must check how close the project is to the Perambur railway station and nearby localities. The SPR City project in Perambur is strategically located near the railway station providing excellent connectivity to the rest of Chennai.
2. Builder Reputation and Project History
It is crucial to thoroughly research the builder’s reputation, experience, financial strength, past project deliveries and customer satisfaction. Opt for established builders who have a good track record of on-time possession of quality projects. SPR Infrastructure is one of the leading real estate developers in Chennai with a proven track record of over 15 years in developing quality residential and commercial projects on time.
3. Budget and Pricing
Set a budget and assess if the property price, payment plans and other charges fit your budget. Factor in price appreciation over the years. Check pricing of similar configurations in other nearby projects. The price of luxury flats in SPR City starts from Rs. 1.3Cr which is competitive compared to other projects in Perambur. Buyers can benefit from regular price discounts and festive offers.
4. Legal Clearances and Documentation
Check that the project has all mandatory approvals and clearances. Ensure the builder has the required RERA registration and other legal documents. Opt for projects registered under RERA for more buyer protection. All phases of the SPR City project are RERA approved providing buyers legal assurance and safeguarding their investments.
5. Amenities and Facilities
Luxury homes should offer high-quality lifestyle amenities and features. Check what all facilities will be available like a clubhouse, gym, swimming pool, playgrounds, security systems etc. SPR City offers world-class amenities like a 75,000 sq ft clubhouse, indoor games, crèche, senior citizen area, yoga zone, and a landscaped central park spread across 26 acres.
6. Resale Value and Future Growth
Consider if the project location will appreciate over the years and have good resale demand. Well-established areas near schools, hospitals and offices tend to have higher long-term growth. Being strategically located in the developing region of Perambur, SPR City is expected to have strong resale prospects due to the future infrastructure and real estate growth in the area.
7. Security Features
Safety is a top priority for luxury homes. Check what security systems like CCTV surveillance, access control, fire alarms, and security guards will be provided. SPR City has robust security systems like perimeter wall fencing, security cabins at gates with biometric access, and round-the-clock security patrol.
8. Neighborhood and Social Infrastructure
Evaluate if the area has the necessary social infrastructure for day-to-day needs and convenience like markets, hospitals, schools, banks etc. Perambur has several reputed schools, hospitals, and retail outlets located nearby which make it a social hub. The upcoming SPR International School within the SPR City premises will provide on-campus schooling.
9. Construction Quality and Material
Inspect the project site and sample flats to assess construction quality. Check what kind of materials are used and if they match the price. The towers at SPR City are constructed using premium concrete with double glazing, vitrified flooring, modular kitchen, branded fittings ensuring top-notch quality at par with international standards.
10. Environmental Impact and Sustainability
Inquire about the project’s green features like waste management, water conservation, and use of renewable energy. SPR City has implemented sustainable practices like rainwater harvesting, sewage treatment, solar lighting in common areas and use of materials that reduce carbon footprint.
Invest in SPR City For a Luxurious Living
SPR India City offers an ideal mix of luxury, connectivity, amenities and investment potential. Spread across 26 acres with 7 towers, it has a variety of 2BHK, 3BHK and 4BHK luxury apartments. Residents can enjoy world-class amenities at the 75,000 sqft clubhouse including a gym, yoga zone, indoor games, and restaurants.
The project is strategically located near Perambur railway station providing seamless connectivity to the rest of Chennai. With its location advantages and future infrastructure development, SPR City is an ideal investment for both end-users as well as investors.
Over To You
Buying a luxury flat requires weighing several factors for a well-informed decision. The key aspects discussed in this article like location, builder credentials, amenities, and future prospects must be thoroughly evaluated. SPR City in Perambur emerges as a top choice offering international lifestyle with high-quality construction at competitive prices and strong resale potential making it a safe investment.
FAQs
1. What is the current status of the project?
SPR City has received a full occupation certificate and is ready to move in.
2. What payment plans are available?
Convenient payment options like 10% at booking, 80% on construction linked, 10% on possession.
3. What kind of floor plans are available?
SPR City offers 2BHK, 3BHK and 4BHK luxury floor plans ranging from 1200-1800 sqft.
4. Which area is best to buy a flat in Chennai?
Perambur, Nungambakkam and T Nagar areas are generally considered the best areas to buy a flat in Chennai.
5. Is buying an apartment in Chennai a good investment?
Yes, buying an apartment in Chennai can be a good investment as property prices have increased steadily over the years and demand remains high.
6. What is the life of a flat in Chennai?
With proper maintenance, the average life of a well-built flat in Chennai is around 50-60 years before it needs major repairs or redevelopment.
