Preetha Park Avenue

By: Preetha Foundation in Perumbakkam

Preetha Park Avenue : A Premier Residential Project on Perumbakkam, Chennai.

Looking for a luxury home in Chennai? Preetha Park Avenue , situated off Perumbakkam, is a landmark residential project offering modern living spaces with eco-friendly features. Spread across acres , this development offers 6 units, including 2 BHK and 3 BHK Apartments.

Key Highlights of Preetha Park Avenue .

• Prime Location: Nestled behind Wipro SEZ, just off Perumbakkam, Preetha Park Avenue is strategically located, offering easy connectivity to major IT hubs.

• Eco-Friendly Design: Recognized as the Best Eco-Friendly Sustainable Project by Times Business 2024, Preetha Park Avenue emphasizes sustainability with features like natural ventilation, eco-friendly roofing, and electric vehicle charging stations.

• World-Class Amenities: 24Hrs Water Supply, 24Hrs Backup Electricity, CCTV Cameras, Covered Car Parking and Lift.

Why Choose Preetha Park Avenue ?.

Seamless Connectivity Preetha Park Avenue provides excellent road connectivity to key areas of Chennai, With upcoming metro lines, commuting will become even more convenient. Residents are just a short drive from essential amenities, making day-to-day life hassle-free.

Luxurious, Sustainable, and Convenient Living .

Preetha Park Avenue redefines luxury living by combining eco-friendly features with high-end amenities in a prime location. Whether you’re a working professional seeking proximity to IT hubs or a family looking for a spacious, serene home, this project has it all.

Visit Preetha Park Avenue Today! Find your dream home at Gokul Nagar, Perumbakkam, Chennai, Tamil Nadu, INDIA.. Experience the perfect blend of luxury, sustainability, and connectivity.

Perumbakkam, which used to be a small village in the outskirts of Chennai, is now turning into a major residential suburb of South Chennai. With the famous Perumbakkam Lake lying within its precincts, the locality’s residents have an excellent source of recreation amidst the periodic hustle-bustle of the locality.

Perumbakkam has also been part of several initiatives. For instance, in the year 2013, a slum clearance drive was undertaken in Perumbakkam under JnNURM’s “Basic Services for the Urban Poor” program. Slums were cleared and new resettlement areas were built, giving the locality a major facelift.

The social infrastructure in this locality is a highlight. Reputed schools and colleges like Kendriya Vidyalaya, Hiranandani Upscale School, Asan Memorial College of Arts, and credible hospitals like Global Health City, Karunya Hospital, and others, have been a huge success in making this locality self-sustaining.

Key Projects in Perumbakkam : 

Connectivity and Transit Points

One of the major plus points in favour of this locality is the easy accessibility to the IT corridors of OMR and Sholinganallur. Both these areas can be reached easily from Perumbakkam via ECR Link Road. One can even head down to Sholinganallur through Medavakkam-Sholinganallur Road. And Tambaram, a major locality in Chennai, is accessible via Velachery-Tambaram Road.

The most popular mode of public transport here are the buses, both private and State-run. The Chennai MTC buses connect Perumbakkam with other localities like Tambaram, Thiruvanmiyur, Adyar, Kovalam, Kilkattalai, T. Nagar, Pallavaram, and Thirupporur. Auto-rickshaws are quite popular, too.

For long distance travel, Velachery Railway Station is in the vicinity. And Chennai International Airport is just 15km away.

Major Landmarks

●     Perumbakkam Lake

●     Advent Church

●     Pathanjali Gardens

●     Bharathi Vidyalayaa Senior Secondary School

●     Marrybrown

Factors for Growth in the Past

The most prominent growth factor for the locality has been the emergence of IT hubs in the surrounding localities of OMR and Sholinganallur. The area quickly rose to become a potential option for the young IT crowd, spurring the residential project development. Once apartments and houses were built, they were sold at cheap prices, attracting more home buyers and kick starting the growth in the commercial sector.

Residential Market Analysis

The residential market in this locality consists mostly of multi-storey apartment buildings, followed by residential plots in Perumbakkam, with the presence of only a few independent houses. The apartment types available vary from 1-3 BHK units, and are available in the price bracket of Rs 4,600-6,400 per sq. ft.

The individual houses available are generally in 3-4 BHK configuration, falling in the price bracket of Rs 6,500-7,000 per sq. ft., while residential plots are available for Rs 3,200-3500 per sq. ft.

Major Challenges

Contamination of groundwater is a major civic challenge. At present, the water is not potable; in fact, the residents don’t even use it for washing and cleaning purposes. It is likely that the water from the lake will become unusable, if the groundwater seeps into the lake and contaminates it.

Being relatively new, 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.

Factors for Growth in the Future

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.