Perambur – Realty update October 2013
Overview:
The locality of Perambur is situated within the northern region of Chennai. Perambur is one of the earliest British settlements within Chennai. St.Joseph’s Syro-Malabar church is one of the most prominent landmarks of the area.
The neighbourhood is considered as a hub possessing the perfect blend of both residential and commercial real estate.
Connectivity:
Perambur is easily accessible from various parts of the city. Among the busiest streets of Perambur is Madhavaram High Road.
The Chennai International Airport is at a distance of around 27 kilometers from Perambur via Jawaharlal Nehru road.
It is approximately 8 kilometers away from Chennai Central Railway Station and Egmore Railway Station via Perambur Barracks Road.
Public Transport:
The locality is very well connected by public transportation services to the city. Incidentally, Perambur is one of the major railway hubs of the city. Numerous express and super-fast trains have stop overs at Perambur.
Numerous direct buses ply and connect Perambur to Thiruvanmiyur and Anna Nagar.
Social Infrastructure:
Don Bosco Nursery and Primary School, Lourdes Girls Hr.Sec. School, St. Mary’s Group of Schools, Vivekananda Vidhyalaya, Gnanodhaya Girl’s High School, St Thomas’ Primary School, Dharmamurthi Rao Bhahadur Calavala Cunnan Chetty (DRBCC) are the top educational institutions within the locality.
Sri Brindha Theatre, Spectrum Mall, Srinivasa sweet stall, Ajantha Bakery, Pizza corner, Hyderabad Birayani, Dominos are some of the popular hangout places which serve the locality.
Abhijay Hospital Perambur, ARC Research Centre, Perambur Chennai 24Hrs Emergency medical Services, Dr.Lakshmanan Saravanan 24 Hrs Maternity services and Dr. Mahalakshmi Saravanan are the conspicuous health care facilities to be located within the area.
Real Estate:
Almost 46 per cent of the locality is occupied by apartment projects having 2 and 3 BHK units. A significant demand for commercial properties as well as layouts and plots also exists, consuming around 7 per cent of the total realty demand of the area. Low-rise buildings with 1, 2 and 3 BHK buildings along with builder floor and studio apartments, occupy around 46 per cent of the area.
The area has been majorly witnessing redevelopment projects. Many eminent names in the realty constructions are focusing on their latest and upcoming projects in Perambur. Launches and available properties include K S Construction, KKR Flats, Hyagreeva Blue Bells, etc.
Price Trend:
Perambur is one of the prominent localities in Chennai. The price trends of the locality have been witnessing various ups and downs. The price per square feet was at Rs 5400 during the quarter of October to December 2012 and then price appreciated to Rs 5550 per square feet, during the quarter of January to March 2013. In the Apr-June quarter of 2013, the locality price depreciated to Rs 5400 per square feet. While in the July-Sep quarter of 2013, the locality price appreciated to Rs 5650 per square feet.
While the rental values for a 2 BHK apartment unit ranges from Rs. 9,000 and goes upwards of Rs. 12,500, depending upon the project, location and property specification.
Future Prospect:
The area enjoys good demand due its proximity to important centers of the city and beyond. This market is expected to firm up within the coming quarters; the price appreciation of this locality in the future might be very good.
