Project in Focus: Empire By Radiance Realty, Chennai

Perambur is one of the thriving micro-markets of north Chennai. The area has witnessed rapid developments in recent years and has now evolved as a promising residential destination with a well-developed social infrastructure. Empire is the latest housing project launched by Radiance Realty Group which is a leading real estate developer in the city.

PropGuide brings you the key features of the project:

About the property

Radiance Empire is a modern residential property spread over an area of 3.18 acres. It was launched in Perambur in February 2017. The housing complex offers 274 apartments and penthouses. Under construction at present, the project will be ready for possession by December 2018. Thoughtfully designed to maximise space and offer pleasurable views, the apartments are available in 2 and 3BHK configurations with unit sizes ranging from 600 sqft to 1,494 sqft.

 The property also offers a selection of state of the art amenities such as:

• Swimming pool
• Closed car parking area
• Gymnasium
• Rainwater harvesting system
• Power backup system
• Clubhouse
• Children's play area
• Sports facility

 Neighbourhood

Perambur is one of the bustling destinations in north Chennai which is just four kilometres away from the Chennai Central Station. Also a commercial hub, the area is burgeoning with new construction and many investment options such as builder floor, residential plots and luxury apartments.

Also read: Plots Starting At Rs 2.5L; Over 1,300 Projects Up For Grabs Along Chennai's GST Road

 Connectivity

The area is well-connected to other parts of the city via efficient bus service. Three railway stations serve the locality. The Perambur Railway Station is one of the oldest and busiest stations of the city, lies on the Chennai Suburban Railway Network. International airport nearest to Perambur is 23.10 kilometres away. Besides, the newly developed Perambur flyover as well as major roads, including Perambur High Road, Red Hills Road and Madhavaram High Road, offer good inter-city connectivity. Moreover, some road widening projects have recently been undertaken for ensuring smooth commuting for the residents. The locality is also situated on the route for the proposed line for Chennai Metro Phase 2.

 Social infrastructure             

Social infrastructure in Perambur entails reputed healthcare centres, top rated schools, colleges, local markets, multiplexes, shopping complexes, shops, banks, retail outlets, etc. Some recreational centres like Murasoli Maran Membala Poonga which is the city's first disco waterpark and the popular Perambur Stadium are also key attractions in this locality.

 Average price in the area

Average capital value for a residential property in the locality is Rs 6,038 per sq ft. The 1BHK apartments are priced at Rs 35.80 lakh for unit sizes of 640 sqft while the 2BHK apartments are priced at Rs 66.30 lakh for unit sizes of 1,050 sq ft. The 3BHK apartments are priced at Rs 92 lakh for unit sizes of 1,480 sq ft.

PropGuide's verdict

The project is approved by Chennai Metropolitan Development Authority (CMDA) and provides a splendid experience of community living sought by modern homebuyers. It is a suitable residential option for families as all essential facilities are available at a close distance from the property with metro connectivity promised in the future.