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Perungalathur is nestled between Tambaram and Vandalur on NH45 highway. A bundle of plans proposed in Perungalathur are major causes for realty growth in Perungalathur: Phase 1 Monorail Project A road over bridge that would replace the LC-32 and h...ad been embedded with the proposed Rs.50 crore Eastern Bypass project of the Highways Department, which will connect with Velachery Main Road at Rajakilpakkam and GST Road near the Perungalathur station. This locality is witnessing the development of IT SEZ, which is a joint venture between Sriram Properties Limited and Sun-Apollo. Once completed, it will house IT companies, retail malls, serviced apartments and multiplexes, which might increase the demand of residential apartments in the area. Perungalathur is a peaceful place away from the pollution and hassles of the city and the proposed plan from the government will bring it into the limelight once completed. Thus, investing here will yield ripe returns. The ROI (Return on Investment) has witnessed an increase of 3 to 9% q-o-q.
Average apartment prices in this locality range from Rs. 3,300/- to 4,800/- per sq. ft. Average land prices are Rs.2,800/- to 6, 000 per sq. ft. The growth rate in this area is 16%. Major builders in this area include: SSM Builders, Sakthivel Builders, Shri Hariharan Builders, Steps Stone Builders, Rainbow Foundation.
Stamp Duty is 7%, Registration Fees is 1%.
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