Chennai's Perungalathur Offers Value-For-Money Homes Within Rs 30 lakh

If Chennai is where you are looking for affordable property, the Perungalathur property market is an apt choice.

Why Perungalathur?

Strategically located at a distance of merely 13 kms from the city airport, Perungalathur is the right residential destination for those who are aspiring to own a home in south Chennai within the range of Rs 25-30 lakh.

Historically, properties that are closer to airport hold tremendous potential of capital appreciation. Currently, the property prices at Perungalathur are quite modest and perhaps it is an opportune time to enter the market.

The residential properties in Perungalathur are selling in the bracket of Rs 2,500-4,500 per square foot (psf), with the average prices recorded at Rs 3,000 psf. As per the property listings posted on Makaan.com, there are 2BHKs of 800-1,000 sqft, selling at Rs 24-30 lakh.

If you have a dream of constructing your house according to your personal taste, you can also buy residential plots at an average price of Rs 4,000 psf.

What about road connectivity?

Perungalathur offers seamless connectivity to the other parts of the city via the Outer Ring Road (ORR) and the National Highway-24 (NH24).  The locality is also supposed to be connected by the Chennai Monorail network.  

The residents of Perungalathur have easy access to public bus network operated by the Metropolitan Transport Corporation (MTC) buses. With this facility, there is hardly any concern related to public transportation in the locality. Private rickshaws are also available at every nook and corner of the locality.

The Perungalathur railway station is around 30 kms from the Chennai Central.

What else should you know of?

The locality has been in news of late due to delay in the construction of a flyover meant to ease out congestion between Perungalathur and the Vandalur Railway Stations. According to officials, more than 75 per cent work has already been completed and it is just about the remaining 25 per cent which is stuck due to some administrative bottlenecks.  After the project is complete, the property market of Perungalathur will become even more desirable.

The locality witnesses a very high level of traffic congestion during peak hours, and this is why authorities are coming up with several other infrastructure projects.

Of late, there has been an announcement for the construction of a road over-bridge which will connect the Velachery Main Road at Rajakilpakkam and the GST Road. This project will provide major relief to people facing high traffic congestion on a daily basis.