Overview of Perambur, Chennai

Location and Connectivity

Perambur is situated to the north of Chennai, recognized for its strategic location and exceptional connectivity. It houses essential infrastructure such as Perambur Carriage Works and Perambur Loco Works, which significantly benefit the local economy. The region provides easy access to key transit points, including Chennai International Airport (25 km away) and Central Railway Station (just 8 km away). National Highway 16 further augments connectivity, making Perambur both accessible and well-linked.

Property Rates and Price Trends

• Average Price: Roughly Rs. 8,128 per sqft for properties in Perambur, starting as low as Rs. 4,022 per sqft.
• Price Range: Apartments here go from Rs. 4,615 to Rs. 13,253 per sqft. For land, rates are Rs. 8,800 to Rs. 12,200 per sqft, while builder floors range from Rs. 6,850 to Rs. 8,400 per sqft.
• Appreciation: Property values in Perambur have appreciated heavily, rising by 9.1% in the past year, 27.9% in the past three years, and 44.4% in the last five years.

Types of Properties

• Apartments: Found in various layouts, with prices between Rs. 6,550 to Rs. 9,300 per sqft.
• Independent Houses and Builder Floors: Builder floors here are priced from Rs. 6,850 to Rs. 8,400 per sqft.
• Land: Rates for land range between Rs. 8,800 to Rs. 12,200 per sqft.

Rental Market

If you are renting, you will find plenty of choices in Perambur:

• 1 BHK Flats: Rent can range from ₹15,000 to ₹16,000 per month.
• Other Configurations: Prices change based on society and amenities, with options like 3 BHK units available.

Infrastructure and Amenities

Perambur boasts a well-developed infrastructure, including modern amenities and a growing commercial landscape. The area appeals to corporate ventures due to its connectivity and strategic presence near vital transport nodes. This makes Perambur perfect for both residential and commercial investments.

Growth Potential

Real estate in Perambur has shown robust growth, even in tough times. The area has seen a 16.69% rise in land values, largely due to strategic positioning, connectivity, and infrastructure. This makes it a solid choice for investors seeking long-term gains.

PropertyWala's Conclusion

Perambur, Chennai is a strong real estate investment due to its strategic position, robust link to major transport routes, and strong appreciation potential. Whether buying or renting, the area offers diverse choices ranging from affordable to high-end options. With advanced infrastructure, contemporary amenities, and a vibrant business environment, Perambur is set for sustained growth. It's a smart choice for anyone aiming to seize the property market's future opportunities.