Introduction
According to a survey of consumer sentiment conducted in 2023, 28% of Indians preferred buying a home in a suburban area. Close access to amenities like transportation facilities, educational centres, entertainment areas, and hospitals was considered a top priority for home buyers.
Perambur has historically been a major centre of trade, commerce and tourism since it was annexed to Chennai in 1742. It is connected to all parts of Chennai by road and rail services. Perambur railway station is the oldest railway station in Chennai after Royapuram and is a halt point for all major express trains. With plenty of schools and healthcare facilities within the city, it is a major real estate hub for people looking to settle down.
Upcoming Developments Around SPR India Perambur
SPR India is the leading real estate developer in Chennai. They have constructed hundreds of luxurious and elegant residential homes ranging from premium 4 BHK and 5 BHK apartments and flats. Considering the recent developments happening in and around Perambur, there is no better time than today to buy a home in the city. Let’s take a look at the upcoming developments around SPR India Perambur.
1. Rapidly Expanding Trade Centres
Within 15 KMs of travelling distance from SPR India, there are multiple trade hubs like Sowcarpet, T Nagar, Chennai Port, Mannadi and Koyambedu that host industries, wholesale factories and retail shops amounting to thousands of crores of businesses annually. It is certainly guaranteed that both foreign and domestic investments will flood these areas in huge numbers in the coming decades.
SPR India is developing a ‘City Market Of India’ project, drawing inspiration from the growth experienced in the Sowcarpet market. The impact could be seen clearly in the real estate market within a few years. As an investor, buying a residential space in SPR India is the best decision you could make today since, within five years, the market price is going to increase exponentially due to an increase in trade centres.
2. Infrastructure Developments
Perambur is the major centre for manufacturing and maintenance of railway coaches. Recently, a new railway terminal was proposed for Perambur with an estimated budget of ₹428 crore. This project is guaranteed to increase the city’s connectivity with major hotspots of Chennai. MNCs will flood the surrounding areas with the intention of setting up offices in places with maximum connectivity.
Besides railway infrastructure developments, similar road expansion and improvement projects are happening in and around Perambur. There are multiple government-funded flyover projects coming to Perambur with the aim of reducing traffic congestion. Perambur is also a key location in Chennai’s Metro Rail Phase II plan. This is a crucial project that increases local connectivity and reduces the rush experienced in public bus transport.
3. Planned Residential And Commercial Projects
Malls, shopping centres and real estate buildings form the core of upcoming commercial projects around SPR India, Perambur. SPR India themselves have invested in major market centre projects and residential projects. There is a shift in residential project trends from individual apartments to gated communities, promoting community living.
Other real estate developers such as KG Galaxy, Casagrand Mercury and VSR Orchids are investing heavily in flats and BHK apartments. Many more office spaces and IT parks are on the horizon in Perambur, especially after the development of the new railway terminal. Planned expansions are also happening in the domain of banking and financial institutions.
4. Educational And Healthcare Facilities
SPR India, Perambur, is already in close amenity with multiple nationally and internationally recognised schools and colleges. Doveton Corrie Anglo Indian School, Bhavan’s Rajaji Vidyashram, CSI Brain’s School and Higher Secondary School are some notable examples. Kilpauk Medical College and Govt. College of Arts and Science is assured of future investments for expansion.
Railway Hospital, Institute of Mental Health and Madras Medical College are popular government-owned hospitals in the Perambur area. You can expect many more privately funded hospitals and healthcare facilities to be developed in the near future around SPR India.
5. Development Of Entertainment Hubs
No major city in India can survive in the absence of entertainment hubs like malls, nightclubs and cultural centres. People need parks, green spaces and dineries to relax after a hectic day’s work. If Perambur is on its way to becoming an economic powerhouse in the near future, then the development of entertainment hubs around SPR India is certainly guaranteed.
Spectrum The Grand Venus Mall is very close to SPR India, Perambur. Both central and state governments are planning to bring in public parks with fitness centres to promote physical activity among citizens.
SPR India – The Right Choice For Residential Homes
Founded in 1972 by Mr. Prithviraj S Kawad, the journey of SPR India to become the ideal real estate developer in Chennai has been remarkable. With multiple successful residential and commercial projects to their name, they have proved themselves over and over again as a leading and reliable business in India.
Over the years, SPR India has become a synonym for luxury, fulfilling the bigger dream of many Indians, that is, owning their own elegant home. Every SPR property in Chennai offers top-class features and amenities such as skywalk terraces, lush green gardens and jogging parks. Their locations have the added advantage of being close to reputed schools, malls and hospitals.
At SPR City, with over 5000+ shops and offices, SPR India is also supervising a grand project, namely ‘Market of India’, that will provide leverage for brands in terms of business reach, revenue and growth.
If you are interested in exploring the residential and commercial projects under SPR India further, visit their official website or contact their team here.
Conclusion
Investing in a residential home or commercial project supervised by SPR India, Perambur, is a wise choice in terms of potential revenue and earnings. The reason is the development of multiple government-owned and privately funded projects in the city. Perambur has always been an economic hotspot ever since it became a part of Chennai City.
Rapidly expanding trade centres are a speciality of the Perambur area. The City Market of India is a leading project undertaken by SPR India, which, after completion, is guaranteed to provide leverage for hundreds of local businesses. Infrastructure developments focused on improving interconnectivity are also under progress in Perambur. In the coming years, there will be exponential growth in the number of schools, hospitals and entertainment hubs around SPR India, Perambur.
FAQs
1. What type of properties does SPR India offer in Perambur?
Being a leading real estate developer, SPR India offers both residential and commercial projects in Perambur.
2. Is Perambur good for real estate investment?
Perambur is an economic powerhouse and is always a good choice of investment for real estate buyers.
3. What are some of the health facilities near SPR India, Perambur?
Railway Hospital, Institute of Mental Health and Madras Medical College are popular government-owned hospitals in the Perambur area.
4. How can I know the prices and offerings for properties built by SPR India?
Contact their official team to know more about the prices and offerings for their projects.
5. Does SPR India offer houses in gated communities?
Yes, SPR India has multiple gated communities in Perambur, like Sky Towers and Towers C & D.
