Yes Srinivas, Madhavaram is located about 5km in the north of Perambur, Madhavaram offers properties at a price difference of almost Rs 1100-1500 per sq ft. An apartment which would be available in Perambur for Rs 50-60 lakh could be bought in Madhavaram for Rs 40-45 lakh.
@Himani: Some of the residential projects coming up by the developers such as Navin’s, RC Builders, Sri Durga Foundations, HPK Star Property Developers and Roshikka Construction among others. Also most of these builders are coming up with 2 and 3BHK housing units in the range of Rs 20-40 lakh.