Proximity to expressway and IT-corridor has
helped in boosting the real estate market in and around Perungudi, Chennai
Perungudi can be the endpoint of your home
search.
The locality offers a number of housing options.
With factors like well-built social infrastructure, proximity to IT companies
and seamless connectivity, Perungudi comes across as an ideal destination for
an end-user.
The Rajiv Gandhi IT Expressway, popularly known
as the 'IT corridor' is home to many ITITES companies. Perungudi along with
localities such as Adyar, Thiruvanmiyur, Palavakkam, Kottivakkam &
Thuraipakkamform part of this 'IT corridor'.
“Not only a high supply of rental properties, are
the rental values too, comparatively affordable as compared to the neighbouring
areas,“ says Hari V of Bhoomi Estates, a broker firm. Rental values in the area
start from Rs. 8,000 per month for a 500 to 600 squrare feet apartment while 3
BHK units having 1,500 to 1,600 square feet covered area are leased for Rs.
25,000 per month.
Rental values in Thiruvanmiyur, situated about 3
km from Perungudi, range from Rs. 10,000 to Rs. 85,000 per month for
residential units having 600 to 2000 square feet covered area.
Rental property in Palvakkam, situated about 2 km
is available for Rs. 12,000 to Rs. 50,000 per month.
Adyar, situated about 4 km from the area is also
expensive. Rental values here start from Rs. 8,000 per month and go upto Rs.
1.3 lakh for residential units having 350 to 4,000 square feet covered area.
“Migrant population working in the IT and software companies is dominant in the
locality,“ says Gopi Subramanian of RR Realties, a broker firm.
The reason behind lower rental values is that
despite significant growth in both residential and commercial sectors, the area
is still struggling with poor infrastructure.The region has gained importance
only because of its location along the IT Highway but it needs to sustain this
demand and the rising population.
Currently, the area lacks basic civic amenities
such as waste and drainage system, piped potable water and internal roads.
However, tenants have the option to live in gated communities which have sprung
up in the area and offer amenities such as water storage, power back-up and
security.
Also, having your own vehicle can be beneficial
as the local transport, other than the Metropolitan Transport Corporation (MTC)
services, is not frequent.
Src: TOI
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