A Fast Growing Investment Suburb-Sriperumbudur

Real Estate in Sriperumbudur 

Sriperumbudur, also known as Bhoodapuri, is a promising business destination.

With the increase in automobile and services sectors, the area has been witnessing a booming real estate.

Located on the south-west part of Chennai, Sriperumbudur is home to all the major automobile industries.

Features such as the infrastructure growth, establishment of STPIs and SEZs, availability of quality manpower and proximity to Chennai port have attracted huge investment in Sriperumbudur real estate.

Sriperumbudur is famous for its residential schools.

Well known residential schools in this area are Maharishi International Residential School and St. Joseph's Residential School. http://www.articlesbase.com/real-estate-articles/a-fast-growing-inv

estment-suburb-sriperumbudur-6703144.html

Hyundai was one of the first investors which established its base here for car operations.

Later, Ford, Hindustan Motors, Mitsubishi, BMW and recently, Nissan have set up operations here turning the area into a large-scale industrial hub.

A few other companies which have set up their operations in SEZ are Sanmina-.SCI, Flextronics, Foxconn, Jabil, Dell, Samsung, Saint Gobain, Asahi Glass and Orchid Chemicals.

The industrial region between Sriperumbudur and Oragadam is fast developing with many big developers pitching into real estate.

The average price for an apartment in Sriperumbudur is Rs 2,560 per sq ft., and the residential plots in Sriperumbudur are priced at Rs 4,620 per sq ft.

The rent for 1 BHK apartment in Sriperumbudur will cost around Rs 5000 and for 2 BHK, one has to shell out Rs 12,000 to 15,000 per month.

As this area is gaining popularity, property prices are expected to shoot up in the coming years, making it an attractive investment.

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