Luxury Flats for sale in Perumbakkam

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Luxury Flats for sale in Perumbakkam
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Perumbakkan is witnessing a steady rise in real
estate is the nearby Rajiv Gandhi Salai, also
popularly called the Old Mahabalipuram Road (OMR)
or IT Corridor. The road originates from the
Madhya Kailash temple and ultimately ends up
merging with East Coast Road
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The roads development has been magnificent with
the six lane project, service lanes and beautiful
surrounding landscapes. The IT corridor is a big
potential employment region and thus the
employees of those companies find solace in the
flats in Perumbakkam. Being situated close to the
OMR, it is a popular residential locality.
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OMR is home to a large number of IT companies and
along with it comes the rising demand for homes.
Regions such as Perumbakkam and Medavakkam offer
good employment opportunities and the IT sector
benefits from growth in residential and
commercial real estate in such areas. The region
is also witnessing a spurt in growth of social
services, schools and colleges, hospitals and
clinics.
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However, developers have started coming up with
luxury projects in anticipation of growing demand
from high income group.It's a growing trend, as
buyers and investors are increasing the budget
for flats outside the city. Thus luxury projects
are seen to provide a vast number of nearby
services such as grocery shops, medicine shops,
swimming pool, club house, gym, supermarket,
washing services, etc. These are increasing the
value of real estate and flats in the region.
Rental cost of flats for sale in Perumbakkam
ranges from Rs. 10000 to even 100000 depending on
the value added services.
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The flats are highly favoured and recommended
while the prices are stable and reasonable
considering the location. Although the region
still lacks from certain infrastructural
facilities such as sewage treatment facilities,
the location of the region and its proximity to
the IT corridor will help develop all those
infrastructures very soon. This anticipation is
increasing the demand and value of real estate in
the region.