Overview of Perambakkam in Chennai

Location and Connectivity

Perambakkam sits in the western part of Chennai. It has evolved into a sought-after residential spot. This area connects well to key parts of Chennai via the Chennai-Bangalore Highway and nearby Avadi Railway Station. It enjoys good public transport with several bus routes.

Property Types and Prices

Perambakkam has different types of homes for sale. Here's an overview:

• Apartments:

  • Average price of about ₹5,750 per square foot.
  • For a 2 BHK flat, expect to pay between ₹41.58 lakhs to ₹72 lakhs.
  • A 3 BHK flat usually costs between ₹64.63 lakhs and ₹80.85 lakhs.

• Independent Houses and Villas:

  • Prices can vary, but land costs are around ₹5,000-₹6,100 per square foot.

• Builder Floors:

  • Prices range from ₹5,550 to ₹8,600 per square foot.

Amenities and Infrastructure

Perambakkam is bustling with development in several social amenities including:

• Schools
• Hospitals like C Dot and Global Hospital
• Shopping centers
• Good quality roads
• Reliable water supply, though it's often limited in the summer
• Efficient waste management systems

Quality of Life

• Environment and Safety:

  • Offers a peaceful atmosphere with lower crime rates, resulting in a secure neighbourhood.

• Transportation:

  • Easily linked by road and rail, providing easy access to essential places.

• Challenges:

  • Severe traffic jams during peak hours
  • Noise pollution
  • Higher vegetable and essential item prices than average
  • Some hygiene issues in public

Rental Options

Let's look at what renting in Perambakkam offers:

• 2 BHK Houses or Flats: Monthly rents range ₹9,000 to ₹28,500.
• 3 BHK Flats: Monthly rents around ₹16,000 to ₹45,000.
• 5 BHK Houses or Flats: Monthly rents can go up to ₹40,000.
• Many rentals include amenities like covered parking, ACs, clubhouses, gyms, and swimming pools.

Property Trends

• Value Growth:

  • An 8.66% yearly price increase makes this an attractive market.

• Affordable Housing:

  • Starting prices at ₹3,440 per square foot. Average price at ₹6,031 per square foot.

PropertyWala's Conclusion

Perambakkam in Chennai offers great potential for buyers and renters, boasting its strategic spot, developing infrastructure, and budget-friendly property options. While it has some issues like traffic jams and noise, its amenities and safety make it an appealing residential choice. Growing real estate and a solid transport network ensure Perambakkam will be a popular residential spot.