DRA Project Chennai

Q: What are the future prospects of investing in this locality? Will it fetch good returns in coming years?

Gaya, Chennai

27th November 2015

Investment Advice in Chennai

2bhk apartments in perumbakkam

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perumbakkam real estate

investment advice in perumbakkam chennai

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On the other hand it has some disadvantages like connectivity, social infrastructure development, and sewage remain huge challenges. Since it is a little away from the corridor, all these social infrastructure like ATMs , hospitals that are emerging could take a little more time than what is currently available.

But don't forget that a few years ago, Perumbakkam was just a large barren land but now townships coming up in this area are a reflection of the changing face of Perumbakkam.

Sreenath, Chennai

30th November 2015

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Hi,
Perumbakkam, a fast developing residential hub in South Chennai near Chennai's IT corridor has become the preferred residential destination for young home seekers. Roads and public transport has improved here over the yrs and housing prices here are quite affordable. Its popularity increasing for 2-reasons, low prices and proximity to the IT corridor. So, investing here with a log term horizon could be a good decision.

Sreenath, Chennai

30th November 2015

Comment

Right Sreenath,
Apartments in the region sell at an average starting price of Rs.4000-4500/sq-ft., that means you are making a 1000 sq-ft. 2BHK apartment in Rs.50 lakh.

Key micro-markets in Perumbakkam include Cheran Nagar, Indira Priyadharshini Nagar and Vengaivasal and developers like Casa Grande, Urban tree and Malles Constructions are some of the big names in the region. Eeveryone is talking of Perumbakkam having its metro station coming here, so by the time, the metro comes in place, you are already there well settled. So, i would also suggest you to go for it.

Venu Gopal, Chennai

30th November 2015