Perumbakkam is one of the fastest growing areas in Chennai. Flats for sale

in Perumbakkam are increasing rapidly and demonstrate the developments

the region is experiencing. Located in close proximity to Tambaram,

Perumbakkam has all the luxuries when it comes to connectivity,

commercial growth, international facilities and contemporary homes and

flats.

Stats of Flats

Perumbakkam

1 BHK FLATS1 BHK FLATS

● Average property price: Rs. 23.62 Lacs

● Average property price per sqft: Rs. 4,127

● Most preferred:

800 sqft. 1 BHK Flat: Rs. 29.99 Lacs

2 BHK FLATS2 BHK FLATS

● Average property price: Rs. 39.01 Lacs

● Average property price per sqft: Rs. 4,224

● Most preferred:

1000 sqft. 2 BHK Flat: Rs. 41.55 Lacs

3 BHK FLATS3 BHK FLATS

● Average property price: Rs. 55.12 Lacs

● Average property price per sqft: Rs. 3,963

● Most preferred:

1400 sqft. 2 BHK Flat: Rs. 56.75 Lacs

3 BHK HOMES3 BHK HOMES

● Average property price: Rs. 75,20,300

● Average property price per sqft: Rs. 6,150

● Most preferred:

1400 sqft. 2 BHK Flat: Rs. 89.93 Lacs

4 BHK HOMES4 BHK HOMES

● Average property price: Rs. 1,50,26,925

● Average property price per sqft: Rs. 6,815

● Most preferred:

1800 sqft. 2 BHK Flat: Rs. 1.18 Crores

PLOTSPLOTS

● Average property price: Rs. 1.78 Crores

● Average property price per sqft: Rs. 3,236

● Most preferred:

2250 sqft. 2 BHK Flat: Rs. 87.71 Lacs

It was officially reported that the value of properties in Perumbakkam

increased by 21%. So what favors the price hike of land, individual house

and flats for sale in Perumbakkam?

Perumbakkam is bound by popular neighborhoods and other important

areas of Chennai namely Sholinganallur, Medavakkam and

Sithalapakkam. Pallikaranai, Sembakkam, Vengaivasal, Keelkattalai and

several other significant areas of Chennai.

Perumbakkam is also connected to Tambaram cited as one of the key

reasons for the 21 percent increase in property value.

Perumbakkam is not too far away from the omnipotent OMR (2 kms) that is

home to the IT/ITES corridor of the city. Resident and migrant population of

Chennai work in the IT corridor that houses numerous major multinationals.

These companies generate employment opportunities in the thousands.

Therefore, increased employment has furthered the population of

Perumbakkam and hence the property price of Perumbakkam.

The much awaited project of ELCOT SEZ is expected to at least double the

realty prices of Perumbakkam in the next couple of years

Infrastructural developments are also at a rapid pace because of the vicinity

to the international airport. Further, the construction of the city’s biggest

infrastructural project, the Metro on GST road is again not too far away

from Perumbakkam.

With all these developments underway, it is no wonder that the area is likely

to multiply more in terms of growth and capital appreciation in the future.

Numerous investors have shifted focus from other parts of Chennai to

Perumbakkam considering the prospects the area is likely to offer shortly.

Flats for sale in Perumbakkam have begun to take over the up-market trend

like other thriving locations of Chennai. They experience star status among

the properties in Perumbakkam, owing to the location and amenities they

bring along.

And an increasing number of premium builders in Chennai are also creating

landmark properties in Perumbakkam combining the best of architectural

standards, aesthetic appeal and functional excellence in the homes and

commercial buildings.

Perumbakkam and the adjoining Medavakkam & Vengaivasal are further

expanding the Chennai city’s geography to accommodate the realty

demands of the population. As realty prices in the city skyrocket and spaces

plunge, the population of Chennai is persuaded to seek suburban markets

where both elements are not a concern as yet. And in order to cater to the

growing demand of the residents in such localities, the area becomes

equipped for overall development.

Pics of

Perumbakkam

www.sumangalihomes.in