Perumbakkam is a suburb located 27 km away from one of the main metro cities of India- Chennai. The area has seen a steady upsurge in the residential real estate market. It gained popularity and preference among home buyers owing to two major reasons- its proximity to the IT corridor of Chennai and the OMR, as well as the affordable pricing.
The development of IT corridors have a cause and effect relationship with areas nearby- besides offering employment opportunities, they lead to infrastructure developments and subsequently, a rise in residential and commercial real estate in these areas. This creates a perfectly interdependent market for both- developers as well as consumers.
Perumbakkam is surrounded by residential localities of Sholinganallur to the east, Chemmencheri to the south, Medavakkam to the north and Sithalapakkam to the west.
A fun fact about the history of Perumbakkam as a location is that in 1802 AD, there was an initiative taken up by Survey Of India to survey the entire landmass of India, called The Great Trigonometrical Survey. The measurement for this survey was started on the southern end from a small section of plain land on Perumbakkam Hill.
Sholinganallur Junction is the nearest major junction where the Perumbakkam Main Road intersects with the OMR Road which connects to various parts of Chennai such as Velachery and Karappakam and to Bangalore in the west. Further away is the East Coast Road which is a major highway along the coastline of Chennai, providing connectivity all the way to Puducherry in the south. The area is also connected to Tambaram through the Velachery-Tambaram road and to Sholinganallur through the Medavakkam-Sholinganallur road. Tambaram is a popular residential and commercial neighbourhood near Chennai.
IT Hub of Chennai
Perumbakkam is an IT professional’s dream destination. Offices of major IT and tech companies are located here. Infosys, Satyam Computers, TCS, Capgemini, Cognizant, Mahindra Satyam, HCL and the Futura Tech Park are located on or near the OMR Road, also known as the OMR IT corridor. Accenture, Wipro, Tech Mahindra and HCL are located in the Elcot SEZ on the Perumbakkam Main Road. The well known TIDEL IT Park is located 14 km away.
Social Infrastructure- Schools, Colleges, Hospitals
Perumbakkam is a vibrant locality with an abundance of daily conveniences such as ATMs, general stores, cinemas and restaurants. St. John’s Public School, National Public School, Sri Chaitanya School and Gayathri Vidhyalaya are some schools located in Perumbakkam.
Healthcare facilities include the reputed Global Health City, Institute of Radiation Oncology, Institute of Neurosciences & Spinal Disorders, and Apollo Diagnostics. Numerous churches and temples are present in and around Perumbakkam as well.
Recreational and tourist places in and around Perumbakkam
There are numerous places of interest and tourism in and around Perumbakkam. These include hills, beaches and temples such as Perumbakkam Hills, Marina Beach, Kapaleeshwarar Temple, Madras Crocodile Bank, Shirdi Sai Baba Temple, Tirumala Tirupathi Devasthanam, Sri Parthasarathy Swamy Temple, San Thome Church, Vadapalani Murugan Temple and Mylapore.
Real estate market in Perumbakkam
The Perumbakkam real estate market has matured in recent years and some important real estate micro-markets here are Cheran Nagar, Indira Priyadarshini Nagar, and Vengaivasal which have some big names in real estate developing residential projects in these regions. There are a wide range of home options for buyers to select from, thus widening the scope of potential segments of home buyers. It includes mixed developments such as apartment projects, high rise towers, villas and townships. The average price of residential property in Perumbakkam as of March 2018 is INR 4,269 per square feet.
At Ozone Group, we understand the importance of maintaining work-life balance and living close to work. We are developing Ozone Greens, a premium residential project in Perumbakkam, which is close to the IT corridor and SEZ. Spread over lush, green land, Greens comprises of 12 towers of G+19 floors, offering a whopping 1285 units! The configurations include 1, 2, 2.5, 3 and 4 BHK luxury apartments. The areas of apartments range from 657 sq. ft. to a massive 2566 sq. ft. for the 4 BHK homes. Residents of Ozone Greens can indulge in the premium lifestyle amenities and facilities. Come, enjoy a balanced life at Ozone Greens in Perumbakkam.