Why should you invest in flats in Perumbakkam?

Several new residential projects are popping up across Perumbakkam with a significant rise in demand. While a large part of the population has already flocked the area to buy flats in Perumbakkam, there are still a few who are in two minds about investing in Perumbakkam.

New residential project in Perumbakkam

There are certain factors that keep people from investing in Perumbakkam such as traffic congestion, lack of good ground water, and lack of proper entertainment and shopping centers. But to overcome these hindrances, it offers affordable apartments with all the modern amenities and a good return on investment and that too in a serene and green environment. There are several new residential projects in Perumbakkam from reputed builders such as Casa Grande Cherry Pic, KG Good Fortune, Radiance Mercury, Urban Tree Oxygen, Plaza Pristine Acres Phase 2, StepStones Akshara, Casa Grande Avalon, Embassy Residency and much more. In case, you need a flat close to Perumbakkam then flats in Thoraipakkam might excite you.

 Why should you invest in flats in Perumbakkam?

1. Proximity to IT corridors: Located only a few kilometers away from Sholinganallur and OMR, Perumbakkam makes an ideal living place for all those who work in these IT companies. With most of the IT companies situated either in Sholinganallur or OMR, the number of people working here is more than 2 lakhs. With large tracts of land easily available in the area, Perumbakkam can easily cater to all the real estate requirements of people working in the IT corridors. To keep away from the hustle bustle of OMR, a number of people are leaving their flats in OMR and shifting to Perumbakkam.
2. Affordability: Usually when an area is near IT corridors, its real estate value is usually very high and the property prices are also bound to increase. But this is not a case with Perumbakkam as it offers various residential projects at affordable prices. It is closely located to Medavakkam where the capital values of the homes have reached more than Rs. 4500. People, who cannot afford to buy a flat in Chennai Medavakkam, are shifting towards Perumbakkam due to affordable housing projects. The capital values of flats in Perumbakkam range from Rs. 4500 for apartments near the main road and Rs. 3800 to Rs. 4200 for apartments that are a little further from the main road.