Perambur

Widely known to be a perfect mix of residential and commercial area, Perambur belongs to the northern part of the city of Chennai. The origin of the name is unknown, and a few hundred years ago, this place used to be a bamboo forest. Perambu in Tamil means bamboo and oor means a town or a place. Thus it is believed the name is derived from its bamboo forests.

Perambur was attached into the territory of Chennai in the year 1742 AD. The region’s one of the busiest streets is Madhavaram High Road, which is the house of many jewelleries and pharmacies. This street also has a busy grocery market. This locality also has a number of popular food chains like KFC, Café Coffee Day, and Domino’s Pizza. Apart from these, various schools, hospitals, entertainment venues, and religious places are also found in this region.

Due to the early British settlements in and around Perambur, this place has the largest population of Anglo-Indians in the whole of South India. Other than Anglo-Indians, this place also has a large number of Malayalees. This region is one of the largest railway hubs in Chennai, with large quantities of super-fast and express trains having a stop in here.

Key Projects in Perambur : 

Connectivity and Transit Points

Perambur’s connectivity is one of its major advantages. Having the fifth largest railway station in Chennai, this place is well connected to Perambur Railway Station, Perambur Loco Works, and Perambur Carriage Works railway stations. The newly constructed flyover, which was opened in March 2010, connects Perambur railway station and Perambur Carriage Works, and it greatly serves in reducing the traffic in North Chennai. This bridge is 13 metres high and 1.3 km in length, making it the tallest bridge in Chennai after Kathipara. The bridge is segregated into three levels, with the lower and upper level for road transport and middle level for rail transport.

Although the place is known for its railway connectivity, it is also well connected with buses. It has a major bus terminal in the vicinity of Perambur railway station and numerous bus stops are found all over the town. It is also easy to avail auto rickshaws and call taxis upon one’s needs.

Major Landmarks

•          Paper Mills Road
•          Siruvallur Road
•          Foxen Street
•           Beer Shop lane
•          Rangasai Street
•          Ballard Street
•          Mohamedan Street
•          Madhavaram High Road

Factors for Growth in the Past

Perambur is the hub for Loco Works Factory, Carriage Works Factory, and Integral Coach Factory (ICF). This coach factory is internationally known and is one of the largest in Asia. The growth of Perambur is hugely attributed to the various railway factories. One of the other growth factors of this place is Railway School. This school was the country’s largest Railway School, with its dominant population being Anglo-Indians. Various other educational institutions, entertainment venues, food chains, and hospitals have also contributed to the growth of this region.

Although this place can’t be named on par with the most developed areas in Chennai, Perambur still is well developed with various shops, hotels, and markets.

Residential & Commercial Market

Residential Market Trends

Perambur is one of the hot localities to invest in terms of residential properties. The region has seen various ups and downs in residential trends in the past. Though in the recent past, it has been seeing an upward shift. Perambur has a dominant Anglo-Indian population, and the locality has people from different financial backgrounds. Also due to the connectivity and proximity to the city, this place has a good demand for residential properties. The major property types in Perambur are houses and apartments, with plots and villas covering a small portion. According to the Jan-Mar quarter of 2014, the residential property prices have appreciated to Rs 5850 per sq. ft.

Commercial Market Trends

As said above, this place is a perfect mixture of commercial and residential market. Commercial market has been an ever-growing factor in this locality. The average property price for offices in Perambur is Rs 10, 950 per sq. ft. For commercial plots, the average range is around Rs 8,200 and for shops it is Rs 6,100 per sq. ft.

Major Challenges

Perambur being one of the prime areas in Chennai and so traffic congestion is one of the main problems in this region. The area is the house of various restaurants, schools, temples, hospitals, and movie theatres, and so traffic is considerably high, and this also accounts for air and noise pollution.

Factors for Growth in the Future

Perambur infrastructure is growing at a rapid pace with a lot of international food chains and entertainment venues budding. The place also witnesses the growth of shopping malls and educational institutions. Road transport infrastructure is constantly being renewed with new projects to control the traffic congestion in the locality. Commercial markets will play a prime role in the future growth of Perambur, with the locality getting urbanised on par with major areas in the city of Chennai. Due to these reasons, real estate will also play a major role in the growth of Perambur in future.