The future of Perumbakkam is bright. With the announcement of the ELCOT-SEZ project, investors and buyers alike are hoping for significant returns on investment; and rightfully so, because once this SEZ is active, a capital appreciation of 100 per cent can be expected.
Several IT companies have also expressed their interest in setting up offices in Perumbakkam. These developments coupled with the upcoming metro line along the GST Road will further boost the realty market of this small suburban locality.
Major Challenges: Contamination of groundwater is a major civic challenge. Perumbakkam still has a long way to go to build up an adequate urban infrastructure. For instance, the roads need to be repaired, and then maintained well.
The builder is planning to hand over this project by March 2017 and the project has got approval from CMDA & leading banks. I heard that the project has got 5 star ratings from CRISIL.
You can choose from 2 bhk (compact( , 2 bhk ( regular) and 3 bhk units. Currently the rate per sqft ranges from is Rs 3649 to Rs 3749. To book a flat in this project you have to pay Rs 1 lakh.
Hey Sundar, The rate you have mentioned above is the offer price they were quoting for Akshay Tritiya and I think they have increased the rate per sqft. Please check once.
Dear sir Plz call me for all property details where ever you want 9840419505. We are having the beautiful projects in and around chennai. Requesting you to provide your contact no.
Ps Groups Nexterra is a very impressive project in Perumbakkam with all the urban amenities that are required for real luxury living. Its definitely good for investment because the homes are of high-quality and the location is such that appreciation will be very good and rental value is also pretty high.