Located within the Southern part of the city, Perumbakkam is one among the emerging residential hubs of Chennai. Once a sleepy suburb, Perumbakkam has become a rapidly evolving development hub and flats for sale in Perumbakkam are now highly sought after in the property market. In recent years, the area has been witnessing increasing infrastructural developments and the pace of development has been on an uptick ever since.
Surrounded by Sholinganallur, Madipakkam, Selaiyur, Keelkattalai, Velachery, and Tambaram, the locality is flanked by some of the most populated suburbs in Chennai city.
But what’s the rationale for this sudden boom of properties in this region, you might ask?
Well, the odds are in favour of flats for sale in Perumbakkam for a plethora of reasons and we’ve enumerated ten of them to help you get started. Read our article below to know why Perumbakkam has become a preferred choice for property investment-
#1. A colourful residential hub
Since Perumbakkam is one among the upcoming residential areas, it’s a culturally diverse neighbourhood. Residents in the flats for sale in Perumbakkam are a mix of diverse backgrounds and are well-balanced with the rest of the migrant population in Chennai.
As it stands at present, most occupants hail from other cities and are working in IT companies. Additionally, the demographics in this region comprises a young labor force with a mixture of senior citizens that are a part of the growing community in this locality.
#2. Excellent connectivity with the rest of the city
Despite being nestled away from the city, it is easily accessible and well connected to different areas of the town. Three major roads run through the area – the Velachery highway , Perumbakkam highway , and the Grand Southern trunk road (GST) road.
Perumbakkam has non-stop, round the clock, extensive public utility services. The Tambaram bus stand, Guindy Bus stand, and the Chrompet bus stand are also nearby. Besides, the nearest railway stations are at Tambaram and Guindy, both of which are approximately 10 kilometres away.
Other than that, a Metro station is on cards too as the Chennai Metro rail project has included Perumbakkam in its second phase of development.
The upcoming Metro project will connect St. Thomas Mount, making transportation much easier for residents who reside in flats in Perumbakkam and who travel via public transportation.
#3. The region is dotted with impressive infrastructure
The region is dotted with beautiful landscapes and upscale buildings. Besides, an eastern bypass road is currently being constructed to scale back the congestion on Velachery highway and the GST road.
Additionally, a major infrastructural boost for Perumbakkam is expected to come by way of the Medavakkam flyover that is currently a work-in-progress. The flyover will intersect the Velachery highway and the Perumbakkam highway and in the context of boosting the property market, the highway has already resulted in the emergence of several residential societies with 3 bhk apartments for sale in Perumbakkam.
#4. Accessible to many recreational & entertainment zones
Being an upcoming residential hub, Perumbakkam has plenty of amenities to support the growing population. Supermarkets, entertainment multiplexes such as Phoenix market city and DLF mall among others are all well connected and easily reachable.
Perumbakkam also boasts of numerous reputed healthcare facilities and hospitals such as Gleneagles Global Hospital, Dr. Kamakshi Memorial Hospital, and the Siddha Cancer hospital that are situated nearby.
#5. Surrounded by several reputed educational institutions
Convenience is the operating word at Perumbakkam and the overabundance of educational institutions reiterates that. With a plethora of educational institutions in the area, school and university students find the easy accessibility to be a major boon.
Among the well-recognized schools in this region such as the nearby Modern Senior secondary school and the Abacus Montessori School, the neighborhood connectivity of this locality is unmatched. Additionally, with the Britto’s academy and the Sivashakthi matriculation school situated just a little further ahead but still accessible from Perumbakkam, the convenience offered is unparalleled.
#6. Nestled near the tech corridor
One of the explanations why this area is developing at such breakneck speed is its nearness to the tech corridor. As is commonly known, most IT professionals prefer to reside within quick driving or walking distance to their place of work. With Perumbakkam, this convenience becomes a tangible reality.
Thanks to the locality’s proximity to the tech corridor, many real estate developers have capitalised on the opportunity by offering new flats for sale in Perumbakkam. Replete with all amenities, the residential properties here come well-appointed with the highest quality of specifications and finishings that cater to the whims and fancies of young families and singletons.
#7. Flats for sale in Perumbakkam are ensconced in nature
Despite the increase in the number of real estate projects, Perumbakkam’s climate is salubrious and surrounded by greenery. Nestled away from the cacophony of the city, Perumbakkam’s boundaries are flanked by the forests of Nanmangalam and the wetlands of Pallikaranai.
Akin to being ensconced in Mother Nature’s lap, residents living here are blessed with a year-long abundance of fresh air, lush greenery and much-needed relief from the pollution of the city.
#8. Reasonable and fits within the budget
Most of the upcoming residential projects in Perumbakkam are reasonable and fit within the budget of most individuals. Currently, the rates per sq. feet ranges from Rs. 3,300 to Rs. 7,500 and vary based on several considerations such as the reputation of the builder, location advantage and the amenities offered. There are a multitude of flats available for purchase in Perumbakkam and a good number among them offer a value for money deal.
In what is considered a big draw for most, the affordability factor coupled with good scope for rental and resale value make Perumbakkam the number one choice among families and working professionals.
#9. An abundance of groundwater
Water is one among the absolute must-have necessities for any residential locality. In Chennai, several areas face acute water shortage which often becomes even more severe during the summer months when most of the lakes get dry.
As any resident of Chennai knows, counting on the corporation water isn’t an option because the prices double during the summer months.
Fortunately, Perumbakkam features a healthy groundwater table further bolstered by the lakes within the surrounding regions that support the residential areas during times of water scarcity.
#10. A calm, secure & serene locality
Compared to other regions in Chennai, Perumbakkam is relatively calm with no or fewer instances of crime – an important consideration for most homebuyers. Being far away from the hustle and bustle of the city, the locality is free from noise and noise pollution aside from which there is a serene sense of tranquility.
Apart from electronic security, many apartments in Perumbakkam offer 24/7 manned security and the streets are patrolled by the police thereby keeping the whole locality safe for families and residents.
An upcoming region, Perumbakkam boasts a plentiful array of builders and posh buildings to cherry-pick from. Moreover, since it comes under the ambit of South Chennai, which in keeping with property experts’ opinion, makes it one among the most preferred destinations for upwardly mobile families.
Adding to the promise of high returns on investment in the near future, the presence of IT/ITes companies within the vicinity have worked to boost the real estate potential of the region.
Considering the recent pricing trends and the burgeoning prospectives in the locality’s real estate segment, flats for sale in Perumbakkam will prove to be a wonderful investment for the longer term.