Perumbakkam is gaining popularity as a growing residential micro-market in Chennai because of its affordability and proximity to IT corridors such as Old Mahabalipuram Road (OMR) and Sholinganallur. The locality has witnessed steady infrastructure development, improved road networks and rising housing projects. Its relatively lower property prices compared to central Chennai continue to attract both investors and first-time buyers.
The micro markets that are developing in India are changing the face of Indian real estate market by providing significant scope for growth outside the usual centers of cities. Locations like Dwarka Expressway, Whitefield, Kokapet and Hinjawadi have been gaining significance owing to improvements in infrastructure and growth of industrial zones. These locations would continue to be favourable destinations for real estate investments in the coming years.
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