The real estate development prospect in Chennai has been a consistent but strong trend. When the established residential centers are aging and the prices are increasing the demand slopes downwards to the surrounding areas with better access points, bigger areas of land and their stability in appreciation. Tambaram and Chromepet once was an expression of this opportunity. They are at present at advanced stages of development.
Market traffic is now shifting a little towards the outside--towards Perungalathur.
It is not speculative any longer to investors and end-users who are considering investing in plots around Perungalathur. It is strategic. Is Perungalathur to be considered as an alternate desirable plotted development location to Tambaram and Chromepet? Early adopters think so, and the motivation lies in the areas of infrastructure, connectivity, affordability and long-term planning.
This blog dissects the reasons why plots for sale in perungalathur are becoming popular and whether the change makes sense to long term investors.
Understanding the Growth Shift from Tambaram & Chromepet
In South Chennai, Tambaram and Chromepet had been the base point of residential growth. They were natural growth centers because of their excellent connectivity, accessibility by rail and social infrastructure.
But maturity is a form of limitation:
- Rising land prices
- Less supply of a big portion of plots
- Dense development
- Poor future construction flexibility
Why Perungalathur Is Drawing Attention Now
The location of Perungalathur is the crossroad of the growing southern corridor in Chennai.
Strategic Positioning Along GST Road
Perungalathur has a smooth access to GST Road, which is one of the key arterial roads in Chennai. This provides:
- Fast connectivity to Tambaram, Chromepet and Pallavaram
- Facilities to the airport runway
- Easy commuting to industrial and employment centers
This kind of positioning has been a tradition of high value to plot development.
Gateway Between City and Emerging Suburbs
Perungalathur performs the function of an intermediary between:
- Fixed residential communities
- New suburbanization
This moderation enables investors to invest before prices become fully matured due to the infrastructure.
Infrastructure Developments Strengthening Perungalathur’s Appeal
Every successful plotted development zone is based on infrastructure.
1. Road Network Improvements
Accessibility has been enhanced due to expanded roads, flyovers, and less rugged inner connectivity. Less congestion than inner urban areas makes it livable and attractive to investors.
2. Rail and Public Transport Access
The location is very convenient as it is close to the suburban railway and bus lines, and commuters access it on a daily basis. Areas that have multi-modal modes of transport are likely to experience long-term land demand.
3. Proximity to Employment Zones
The connectivity that Perungalathur enjoys is:
- GST Road industrial galleries
- IT corridors through connecting pathways
- Campuses and centers of education
Why Plots Are the Preferred Asset Class Here
Growth stage locations are usually more profitable with land than with built properties—and Perungalathur is not an exception.
Land Appreciates Faster in Early Expansion Zones
To buyers who venture into plots near Perungalathur, it is attractive that:
- Increased land scarcity due to increased development
- None of this is depreciated as is the case of buildings
- High price compounding in the long run
Flexibility for Future Use
Plots provide:
- Later freedom of construction
- Provision to sell at a time when the price is high
- Capability of personalizing the construction in response to future demands
This is particularly appealing to the families intending to settle long term.
Comparing Perungalathur with Tambaram & Chromepet Today
Entry Price Advantage
Although Tambaram and Chromepet have a high cost in terms of land premiums, the plots of sale remain relatively accessible in Perungalathur. The fact that this price difference is so high is also a great incentive to early shoppers.
Availability of Approved Plots
- DTCP / CMDA-approved layouts
- Larger plot sizes
- Gated plotted developments
Compared to that, in old suburbs such availability is scarce and costly.
Growth Headroom
The markets of Tambaram and Chromepet are stable with low acceleration of the upside. Perungalathur on the other hand is at the value-creation stage.
Final Verdict: Is Perungalathur the Next Plot Hotspot?
Everything points towards a yes.
- Good strategic positioning along GST Road
- Spill over demand of Tambaram and Chromepet
- Infrastructure momentum
- Shifts to land property which are driven by lifestyle
- The presence of the approved plotted developments
The sale of plots in Perungalathur will be the next step in the development cycle of Chennai especially to those buyers who are not interested in the saturated suburbia.