Tuesday 2 June 2015

Perambur- Trending Property Investment Destination of Chennai

Located in North Chennai, Perambur is one of the emerging residential areas of the metropolis in recent times. The area is witnessing a huge a residential demand owing to its connectivity advantage and infrastructure. According to the real estate experts say that it is the best time to invest in Perambaur. As this area has close proximity to Chennai Central Railway Station, which is located just 4 km away. Alongside, Perambur has the advantage of good access to rail networks of the Chennai city. The neighbourhood areas include Kodungaiyur west and east.

Once been an underdeveloped area, Perambur has emerged as the most demanded residential areas due to the development of hospitals, schools, parks and commercial complexes etc. Following are the major reasons why Perambur is becoming the preferred destinations for property investment;

Multiple Property Options

As per the real estate sources, Perambur offers both commercial and residential options. Here the property buyers can find plots, individual houses, apartments and builder floor flats. The price of the properties in Perambur is ranging between Rs 4,500 to Rs 9,000 per sq ft. The price of a double bedroom apartments in Peramabur is ranging from Rs 25 lakhs to 75 lakhs. On the end, the price of a 3 bhk apartment starts from Rs.55 lakhs for a 1000 sq ft unit and goes above 1 core for a 1500 sq ft unit.

Connectivity

Perambur enjoys good connectivity through railway links, as it served by 3 railway stations namely Peramabur Loco Works, Perambur Carriage Works and Perambur. Apart from it, there is a frequent bus transportation facility for the residents to reach their desired destinations.

Infrastructure

Perambur offers all the essential facilities such as schools, banks, shopping malls, hospitals, banks and ATMS. Further, the proposed infrastructural developments are in the pipeline.

Thus, for those home buyers who are looking individual houses or apartments in Chennai for long term investment, Perambur could be their ideal choice.