by IndiaProperty.com
Perambur is one of the early settlements of Chennai around
which the city grew. It was primarily
dominated by the railway employees working for Perambur Locoworks and Carriage works.
It is considered as a good locality to live
in North Chennai.
Primarily a residential
area, it is densely populated
with pockets of
commercial developments. The
Spectrum mall is the only
organised retail present in the area. The area has always been in demand amongst locals. It’s in proximity to the Chennai Central station and Egmore Station (about 5 kms from both).
organised retail present in the area. The area has always been in demand amongst locals. It’s in proximity to the Chennai Central station and Egmore Station (about 5 kms from both).
Capital values in the area have
appreciated by over 20 % to 30 % in the past 2 years. Being a low lying area with poor access,
until recently the developers were not interested in Perambur. But over
the years the
infrastructure has drastically
improved in the area and after opening
of the Perambur
flyover the connectivity issue also got resolved.
One of the common trends in the area is individual
houses getting converted
into apartments having 20 - 25 units. Also some of the old mills have given way to huge vacant land
parcels, giving way
to big residential developments in the area. The area holds
good potential as it’s close to the city with
infrastructure in place along with decent property pricing.
infrastructure in place along with decent property pricing.
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