Perungudi: an emerging micro-location

Introduction

Nearby commercial activities along with good employment opportunities are the leading cause of Perungudi’s emerging as one of the best locations for all kinds of development and other real estate properties. Perungudi is situated so strategically at the entrance of the IT corridor. It is situated on the most prominent roadway- Old Mahabalipuram Road. Perungudi Lake is located nearby. Perungudi was a small village that is now a micro market that has grown as a continuously developing commercial and residential hub. Perungudi is emerging as one of the best micro locations because it is situated in the vicinity of significant locations or essential places like schools, colleges, offices, corporate hubs, etc. t is true that a few years ago, there were no such residential developments which was the reason people did not shift to this place. But with time, lots of IT hubs are developing their new corporate houses near this region. Since then, OMR, or the Old Mahabalipuram Road, is coming into the limelight. Especially the whole Perungudi location, which is the central part of the OMR region, is going to be the best area to go for any residential or commercial projects. 

In Perungudi, a wholesome and new version of infrastructure is coming soon. Lots of IT offices are making this place more accessible to people, especially those who are coming to Chennai for careers. As the whole location is situated in the middle of an Information Technology (IT) Estate, developments are coming here rapidly. Also, people are looking for residential projects and commercial projects here. The demand for residences is always upscale here. Lots of people are looking for the best houses in this region so they can access their workplaces easily without any trouble.

Central locations like Palavakkam, Thiruvanmiyur, Adyar, and Velachery are situated nearby. As the place is becoming one of the best areas for employment opportunities and other facilities, the lifestyle in this location is becoming thriving too. The World Trade Center is situated in this place. Apart from this, corporate giants like Amazon, Thanthi TV, SP Infocity, Ascendas IT Park, Olympia Technology Park, Ramanujan IT City, ASV Suntech Park, Prince InfoCity, etc have their own offices in this place. Education, health facilities, lifestyles, banks, and other facilities are so readily available here. So, no doubt, the whole location is going to be the best soon.

Here in this piece of article, you will learn why and how Perungudi is an emerging micro-location in Chennai.

What are the significant points to consider a location best micro-location?

A locality can be an excellent micro locality for various purposes only if there are lots of upcoming developments or previously built infrastructures. Infrastructures may include schools, colleges, hospitals, roadways, railway stations, commercial projects, etc. Here, we are going to mention all of those points that play an essential role in considering the place as an emerging micro-location.

• Commute time

Commute time is one of the most crucial factors for any emerging locality. The locality must be well linked with other parts of the city or state. It will help people to reach their upcoming destinations easily. The lower the commute time, the higher the chance of getting importance. 

• A good lifestyle in residential projects

If there is a chance of being a residential realty hotspot, it is mandatory to have a lavish lifestyle around the place. If the locality is appropriate for living with family without any problem, then residential projects can be developed soon and easily.

• Local amenities

Local amenities are essential, whatever the type of location. Basic facilities include seamless electric supply, continuous water supply, sound transport system, etc. These facilities can increase the importance of any site. 

• Resale value

The resale value of the property or the land in a locality is also essential. It decides the significance of the locality in terms of the price increase of the property.

• Educational institutions 

In the case of residential property opportunities, there should be schools, colleges, etc., that can be a good choice for families, especially those who have children. They can quickly get a proper education within the locality.

• Healthcare facilities 

Any location should consist of a good healthcare facility. No matter what the site will be, the residential or commercial locality, a healthcare facility is a must-have facility. If the localities are well connected with various hospitals or medical institutions, lots of people will be attracted to the location easily. 

• Future prospects

Prospects can raise the demand for any location. If a site has a massive chance of getting more exposure through its lots of upcoming developments, then the area can be the best micro-location anytime. 

• Price of land and property

Price is an essential aspect of any location that can make or break a site. Whenever you look for a new property, no matter whether it is residential, industrial, or commercial, it is mandatory to look for the price rate and other features that can affect the price of the location. If a locality delivers an appropriate allocation for a significant part of the general inhabitants, the locality will likely be one of the largest real estate localities. Investors also like this place to sponsor more properties.

• Purpose 

Any location needs an actual purpose to be a developed location. The purpose can be residential or commercial. According to the purpose of the site, infrastructures can help the locality quickly. Also, based on the goal, new infrastructures can come. The goal is a vital factor in making a location promising. 

• The legal situation of the location

When it comes to a new micro-location that is emerging as an essential region for residential as well as commercial locations, it is always a critical element to fit all kinds of lawful features. It is very much required to coordinate all sorts of legal actions so that you never fall for any fraudulent activities. So, when you want to shift your home or your business to a new micro-location, you always have to make sure to check the location to see whether there is any legal conflict or not. Also, you can check the legal standing of the place with the help of an authorized lawyer too. If there are no such disputes, you can consider the location as one of the most promising real estate localities.

• Security in the locality

When a place is going to be one of the most vital locations, whether, for residential or commercial purposes, it is always essential to get a safer option. To look for safety, you can check the security standing by looking into the neighborhood. It is right that a locality with good safety standing and lower crime rates can be costly, but you can always be secure with your family or with your business. So, a promising micro-location should deliver this thing.

Facilities and essential factors present in Perungudi as an emerging micro-location

Here is detailed information on why Perungudi is an emerging micro-location.

• The best and most developed infrastructure is available in the OMR region. The water supply, electric supply, roadways, etc., are too good. Nearby major projects are Financial city Sholinganallur, Tata consultancy services, Sports City Kalavakkam and Tiruporur, Railway link- Taramani to Cuddalore, New bye pass road from Egatore to Thaiyur, etc.
• In Perungudi, lots of schools and colleges are situated like Padma Seshadri School, Abacus Montessori School, Delhi Public School, DAV CBSE School, National Institute of Fashion Technology (NIFT), Jeppiaar Engineering College, Hindustan College of Engineering, St. Joseph’s College of Engineering, SSN College of Engineering, Asian College of Journalism, Sathyabhama Deemed University, etc.
• Local bus services, private taxis, cabs, etc., are always available in this place. So, unarguably, the connection with significant sites is easy.
• Major roadways like Rajiv Gandhi IT Expressway, Inner Ring Road, East Coast Road, and Old Mahabalipuram Road connect this place to other places. The nearby railway stations are Tambaram railway station (17.6 km) and Guindy railway station (8.9 km). The Chennai International Airport is located 15.7 km away. Also, metro stations are nearby, like Alandur and St Thomas Mount metro stations.
• Major future projects are ready to be launched in these places. So, shortly, there will be a healthy and robust lifestyle with any and every amenities as well as necessities.
• Amazon, Thanthi TV, SP Infocity, Ascendas IT Park, Olympia Technology Park, Ramanujan IT City, ASV Suntech Park, Prince InfoCity, etc., have their own offices in this place. 

Bottom Lines

As we have reached the end of this article, we hope you have understood why and how Perungudi is an emerging micro-location. Chennai is developing so fast, and lots of locations in this city are proliferating. Lots of new residential projects, businesses, and IT hubs are coming into this city. They are looking for such a promising micro-location. It will also save their cost at first. So, the development of locations like Perungudi is confirmed. Global institutions are looking for new lands and offices near Perungudi. It will help to grow more employment facilities. When employment facilities increase, residential demand will also proliferate. Overall growth will be so fast that Perungundi and its nearby locations will experience a rapid change in lifestyle, infrastructure, and other such aspects. Apart from Perungudi, much more locations are coming to the limelight, and soon those areas will also experience lots of infrastructure and other government features. This article helped you a lot to get information on Perungudi. Stay tuned to get more details like that.  

Frequently Asked Questions (FAQs)

1. What is Perungudi famous for?

Perungudi is famous for being a thriving IT hub. Also, it is famous for the Perungudi lake. The region was a small village, but with time, there were lots of developments and infrastructures that raised the significance of the locality. 

2. Is Perungudi and Thoraipakkam same?

Both Perungudi and Thoraipakkam are sister neighborhoods. Thoraipakkam is directly connected to localities like Pallikaranai and Velachery. On the other hand, Perungudi is directly related to Adyar. 

3. Can we call Perungudi village or city?

Perungudi is a large village that is now emerging as a tremendous residential locality as well as a vital IT hub.

4. Mention some of the most critical projects near Perungudi.

Nearby major projects of Perungudi are Financial city Sholinganallur, Tata consultancy services, Sports City Kalavakkam and Tiruporur, Railway link- Taramani to Cuddalore, New bye pass road from Egatore to Thaiyur, etc.

5. Mention some of the primary schools and colleges near Perungudi.

Perungudi has a lot of schools and colleges like Padma Seshadri School, Abacus Montessori School, Delhi Public School, DAV CBSE School, National Institute of Fashion Technology (NIFT), Jeppiaar Engineering College, Hindustan College of Engineering, St. Joseph’s College of Engineering, SSN College of Engineering, Asian College of Journalism, Sathyabhama Deemed University, etc.

6. What are the major roadways in Perungudi?

Major roadways in Perungudi are Rajiv Gandhi IT Expressway, Inner Ring Road, East Coast Road, and Old Mahabalipuram Road.