The city of Chennai has always been the financial and cultural centre of South India. The city has seen rapid developments in the last few decades and today, it is recognized as one of India’s most prominent cities in terms of employment opportunities. This has seen many professionals young and old flock to the city in search of jobs and also in search of places to stay.
One of the most notable regions in this regard in Chennai happens to be the suburb of Perumbakkam. In the last few years, the suburb has seen substantial development in the real estate sector, and the demand for flats for sale in Perumbakkam is proof of that fact. Let’s find out why this suburban area has attracted so much real estate investment.
Proximity to the Old Mahabalipuram Road (OMR) IT Corridor
The OMR IT Corridor is one of India’s biggest IT hubs, housing offices of internationally renowned IT companies such as Cognizant, Infosys and TCS. As the IT hub continues to grow steadily in the region, it is witnessing more and more IT professionals shifting to Chennai looking for affordable places to stay near the IT corridor.
This demand for affordable residential spaces has seen Perumbakkam rise up the real estate ladder quite rapidly, thereby establishing itself as one of the most in-demand housing localities in Chennai. Most IT professionals who shift to the area show a keen interest in 2 bedroom apartments in Perumbakkam.
Residential Projects With Top-Notch Amenities
Most of the recent real estate developments in Perumbakkam have revolved around the building of residential projects with in-house amenities and facilities. This has helped the real estate market in the region to grow rapidly, as most modern-day buyers of 2 bedroom apartments in Perumbakkam want convenience before anything else.
The conveniences include grocery stores and pharmacies located within residential complexes that eliminate the need for homeowners to go shopping for daily items outside their respective complexes. Most modern-day apartment complexes in the region feature not just stores for buying items for daily use, but also top-class gymnasiums, clubhouses, and swimming pools.
Future Growth of the Suburb is guaranteed
Real estate experts estimate that Perumbakkam will grow substantially in the years to come. As the OMR IT corridor continues to expand, the suburb is bound to witness a substantial influx of IT professionals in the future. This will, in turn, lead to the construction of more residential projects and also boost prices as demand continues to grow.
This is also great news for present Perumbakkam homeowners. In case they want to sell their existing properties in the future, they will not have to spend a lot of time looking for buyers. Great returns on investment are also guaranteed as present homeowners can expect to sell their properties at much higher prices than what they initially bought them for.
While Perumbakkam’s social and civic infrastructure is yet to reach the levels that are seen in Chennai’s most posh residential hubs, its ever-rising real estate credentials are sure to push the authorities in developing it. If you are looking for flats for sale in Perumbakkam, the best time to invest is now. With real estate prices going higher and higher in the region with every passing quarter, there is no better time than now to take advantage of the rapid developments taking place in Perumbakkam.