Overview of Perumbakkam, Chennai

Perumbakkam, found in the southern part of Chennai, is increasingly popular among real estate buyers and renters.

Location and Connectivity

Perumbakkam lies in a prime spot with straightforward access to areas like Old Mahabalipuram Road (OMR), Velachery, Sholinganallur, Madipakkam, Selaiyur, Keelkattalai, and Tambaram. Its strategic placement makes it attractive to both people looking to invest and regular folks wanting to live comfortably.

Infrastructure and Development

The locale has seen significant infrastructure projects in the last few years, including the Outer Ring Road (ORR). These developments have improved connections and spurred rapid growth. This has helped property values rise steadily, turning it into a good spot for long-term investments.

Property Prices and Trends

The average property costs in Perumbakkam range from ₹5,750 to ₹6,048 per square foot, with prices typically between ₹3,440 to ₹9,770 per square foot depending on the area and property type. For example, one can buy a 2 BHK flat for anywhere from ₹41.58 lakhs to ₹72 lakhs, while a 3 BHK flat falls into a higher price range.

Rental Market

If renting is your game, Perumbakkam has various choices. A 2 BHK flat rental costs between ₹16,000 and ₹28,500 per month, and a 3 BHK is generally between ₹18,000 to ₹35,000 per month. Many of these rentals come with amenities such as clubhouses, gyms, pools, and covered parking, which make them appealing to professionals and families.

Amenities and Lifestyle

Perumbakkam is rich with a diverse and lively community of working folks and families. This place has lots of groundwater, which is a huge bonus in Chennai where water is scarce. The area is relaxed, safe, and peaceful. It also has key schools, colleges, and hospitals nearby.

Investment Potential

From an investment angle, Perumbakkam shines with its fast development and property rises. Its stable real estate market and chance for value appreciation make it better than stock or mutual fund investments. The nearby IT/ITeS companies and other economic centers boost the real estate potential even more.

PropertyWala's Verdict

Perumbakkam clearly stands out for property investors and renters. Thanks to its good location, improving infrastructure, and strong potential for property value increases, it is an excellent investment. Plus, it offers varied housing options, modern amenities, and a safe living space, making Perumbakkam perfect for investing or for those who want to settle in a swiftly developing and highly desired part of Chennai.