Overview of Perungudi, Chennai

Setting and Infrastructure Details

Perungudi is located strategically in Chennai, right along the IT Corridor. That makes it a top spot for businesses and professionals, especially those working in IT or ITES. The place has good connections. It's also getting better in terms of infrastructure, providing parks, community centres, and sports facilities. This turns it into a self-contained neighborhood.

Property Price Trends

• You can find average property prices in Perungudi to be around Rs. 10,373 per square foot, fluctuating between Rs. 5,090 and Rs. 18,406 per square foot.
• Land rates range from Rs. 6,300 to Rs. 10,700 per square foot.
• Builder floors cost from Rs. 8,500 to Rs. 13,958 per square foot.

Growth Over Time

• The property rates rose sharply with a jump of 28.76% in one year.
• Over three years, flat rates went up by 10%, builder floors climbed by 38.9%, while land rates increased by 31.4%.

Types of Available Properties

• Apartments: You can find 1 BHK, 2 BHK, and 3 BHK apartments. Their prices and rents depend largely on amenities and location.
• Independent Houses/Villas: Options here include fully and semi-furnished homes. They often come with modern features like water and drainage from the corporation, and security.
• Builder Floors: These remain quite popular, offering a range of prices and configurations.

Rental Market

• The rental market in Perungudi is strong, fueled by demand from IT professionals and students.
• Monthly rents for residential spaces range between ₹10,000 to ₹40,000.
• Common rental options include:
  • 1 BHK semi-furnished apartments, ₹10,000 to ₹20,000 per month.
  • 2 BHK fully furnished houses or villas, ₹25,000 to ₹30,000 per month.
  • 3 BHK semi-furnished apartments, priced ₹20,000 to ₹35,000 per month.

Amenities and Lifestyle Details

• Residents of Perungudi enjoy a mix of amenities like corporation water, drainage, 24/7 power, lifts, security, and community facilities with parks and sports options.
• It promotes an active lifestyle with numerous community amenities, making it ideal for both families and professionals.

PropertyWala's Take

Perungudi, Chennai, shows promise for both buyers and renters due to its prime location, improving infrastructure, and vibrant real estate market. You can find various properties, from budget-friendly apartments to upscale villas. This suits different budgets and tastes. With notable improvements every year and a solid rental market, Perungudi is a great choice for investors and those seeking a lucrative, fulfilling living experience.