Perungudi in Chennai: Hotspot Property Destination


Perungudi –Location

Located in the Kancheepuram district of Chennai city, Perungudi is a residential suburb 10 km from the city centre. Bordered by the Perungudi Lake and the Old Mahabalipuram Road, Perungudi has improved a lot in recent times, owing to its close proximity to many IT/ITES companies. Neighbouring areas of Perungudi include Adyar, Thiruvanmiyur and Velachery. This region’s popularity has grown due to all these factors, and hence, real estate has been booming in recent times with the increase in sales of Perungudi flats.

Transport and Connectivity

Perungudi has very good transport facilities as there are various Metropolitan Transport Corporation buses connecting Perungudi with many important areas of Chennai. Trains are also easily accessible from the Perungudi MRTS Railway Station.
Perungudi

Private vans plying from Perungudi up to Adyar are also on the rise, which is a far easier mode of transport for the commuters of this locality. There are many proposed plans for starting new bus routes connecting the interior areas of Perungudi like Rajiv Nagar, Kamaraj Nagar, Elim Nagar and Telephone Nagar, etc.

Education & Hospitals

As it is an upcoming residential property destination, real estate in Perungudi has been on the rise. Accordingly, there has been an increase in the number of schools and colleges in its vicinity. Some of the educational institutions found in and around Perungudi include Bharath Dass Metric Higher Secondary School, Sacred Heart College Sathya Nilayam, Montfort Metric Higher Secondary School, Indira Gandhi Jayanthi Women’s College and Dhanraj Baid Jain College. Having excellent educational institutions attracts lots of investors, thereby increasing the number of new projects in Perungudi. Apart from these, there are many reputed hospitals found in this locality, some of them include Lifeline Multi-Speciality Hospital, C.M. Hospital, ESI Hospital, Selvam Hospital and Swati Dental Hospital & Implant Centre.

IT/Software Companies

Perungudi, once a small village, has now turned into an IT hub with many IT/software companies in its heart. Some of the prominent companies found here include Cognizant Technology Solutions India Pvt. Ltd., Ford Technology Services India, Capgemini, HCL ComNet Ltd., MELSS Automation Ltd, SM Metal Industries and Exemplar Worldwide Ltd., etc.

 

Apart from these, KG360 Business IT Park, Ascendas IT Park, IITM Research Park and RMZ Millennia Business Park are a few of the IT parks found in this locality. Owing to the proximity to so many IT and software companies, Perungudi has become one of the most preferred localities for software professionals; and this has, in turn, created a huge demand for more and more flats in Perungudi and its surrounding localities.

Residential Projects

The locality boasts all basic amenities like proper water supply, electricity etc., apart from being ideally located to prominent localities and having good transport. All of these factors have been advantageous for the huge growth in the sale of flats and villas in Perungudi. Many prominent developers have started their constructions owing to the huge demands in the real estate market of this locality. Some of them include Mantri Developers, Puravankara Projects Ltd., Ramaniyam, Indiabulls Real Estate Ltd., Appaswamy Group of Companies and Bhagyam Constructions etc. Some of the upcoming residential apartments in Perungudi include:

  • Doshi Oriana
  • Urban Atrium
  • Aashritha Flats
  • Pothigai Homes
  • Doshi Etopia II
  • Temple View
  • Green Acres Apartments
  • Rams Dwarka
  • Perungudi Hexagon

Real Estate Trends

The highest price of a residential multi-storey flat for sale in Perungudi is around Rs. 5520 per square foot and the lowest price is around Rs. 5095 per square foot. The average is around Rs. 5315 per square foot, and the return on investment has witnessed a decrease of 3% q-o-q in the month of June 2013. The average rental price for a commercial office space is around Rs. 40 per square foot.

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