2024-08-21

Real Estate Investment

Discover Shriram Park 63: A Premier Residential Project by Shriram Properties in Chennai

Overview:

Hello Followers & Readers! A beautiful proverb in Tamil, “Vandhaarai Vazhavaikum Chennai” means “The city welcomes and nurtures all its residents”. Chennai is the perfect destination for living and buying a property. This city perfectly assigns tradition with modernity and a unique living experience. It’s the only city in India where ancient temples, still stand tall among IT corridors. From the calm beaches to the lively cultural scene, Chennai has everything to offer for everyone. 

In the year 2024-25, the real estate market in this specific city is showing steady growth. With the ongoing infrastructural developments and the rise of professionals in the city, the outlook of the overall industry remains positive. This shift towards stability is creating a more balanced market for future buyers and investors across all locations within the city. Perungalathur is a fast-emerging suburb in Chennai. Since the city is experiencing rapid infrastructural growth with development, Perungalathur’s appeal as a hub for modern, convenient living has grown exponentially before buyers. From the best connectivity to a bouquet of required amenities, it provides everything. If you are willing to explore your dream destination, then this is the perfect place to live in. Regrob will take you through this location and the property Shriram Park 63 by Shriram Properties at Perungalathur, Chennai which stands out among all.

We welcome you all, to a lifestyle where convenience, comfort, and connectivity blend seamlessly at Shriram Park 63, a premier residential development situated in the heart of Perungalathur, Chennai. We will explore how Perungalathur is setting new benchmarks for urban living in Chennai. 

Key Trends in Perungalathur, Chennai Real Estate:

The Chennai real estate market is experiencing a notable shift for the following reasons –

Price Stabilization & Moderate Growth:

Chennai's real estate market trend ensures a 5-7% increase in property prices in future, for their well-crafted infrastructure & projects like Metro Rail Phase II etc. The city’s economic recovery has boosted buyer’s confidence and enhanced demand for other properties. The following factors will drive property values in the coming days in Chennai -  

Increased Focus on Mid-segment Housing:

There is a rising demand for mid-range and upper mid-range apartments, focusing on young professionals and families. This trend is supported by affordability and changing lifestyles with the growing appeal of affordable yet high-quality housing options.

Rise of Micro-Markets:

Some areas inside Chennai city are emerging as attractive destinations for investors and developers... These upcoming areas include - Pallavaram, Thoraipakkam, Divine City, Karim Nagar and Sholinganallur. 

Infrastructure Boost & Improved Connectivity:

The city is experiencing infrastructure developments with many projects in future like Metro Rail Phase II or several road projects. 

Tech-Driven Solutions & Transparency:

Chennai’s property market is being influenced by digital tools & technologies with more effective tools like - virtual tours, online property listings, blockchain transactions etc. This trend enhances the confidence of the buyers in purchasing new projects. 

Government Policies and Regulations:

Recent government initiatives - Real Estate Regulatory Authority (RERA) and various housing schemes have positively impacted the real estate market here. These policies are destined to protect homebuyers, promote transparency, and boost developer confidence in the coming days.  

Sustainability and Smart City Initiatives:

Chennai is focusing on green building projects more. 

In short, the Reasons to Buy a Home in Perungalathur, Chennai are - 

• Cultural Tapestry: Rich heritage, engaged through festivals, music, and dance
• Developed Economy: Booming IT industry with other sectors
• Educational Hub: Home of many renowned educational institutions
• Healthcare Excellence: World-class medical facilities
• Warm Hospitality: Friendly and welcoming people
• Cost of Living: Chennai offers an affordable cost of living
• Excellent Infrastructure: Well-developed transportation and utilities
• Safety and Security: A known city for its peaceful environment
• Natural Beauty: Close to beaches and other natural attractions

Today, here in this blog we will talk about the Project - Shriram Park 63 by Shriram Properties at Perungalathur, Chennai. Strategically located with excellent connectivity and infrastructure. Regrob here will play a crucial role in giving the right information & support to you and your family. Before getting into the details about the project let’s explore the location more for your better understanding of the project and its utility.

Perungalathur has rapidly emerged as the prime destination for residential real estate in Chennai. Known for its strategic location, robust infrastructure, and proximity to key employment hubs, Perungalathur offers a host of advantages for homebuyers. Whether you are looking for a peaceful residential neighbourhood or a promising investment opportunity, plots in Perungalathur have much to offer.

Major Location:

Perungalathur is strategically positioned beside the Chennai-Bangalore Highway (NH 48) and GST Road (NH 32). 

This advantageous location ensures excellent connectivity to various parts of Chennai and neighbouring cities. 

Proximity to Employment Hubs: 

The major IT parks and industrial zones near this place are - Sriram Gateway, Accenture, OMR, Sholinganallur, and the Sriperumbudur Industrial Corridor. All these make this place an attractive residential option for professionals. 

Quality Educational Institutions:

The area has several reputed schools and colleges like - Valluvar Gurukulam, St. John's Matriculation Higher Secondary School, Sri Krishna Engineering College and many more. 

Comprehensive Healthcare Facilities:

Perungalathur offers access to top-notch healthcare facilities, including hospitals and clinics - Hindu Mission Hospital and SRM Hospital etc. 

Affordable Property Prices:

Compared to other rapidly developing areas in Chennai, the Perungalathur plot for sale offers relatively affordable property prices. This allures first-time homebuyers and investors, looking for value-for-money deals.

 Green and Serene Environment:

The locality has a serene environment with an abundance of green spaces. Parks and open spaces provide a peaceful and healthy living atmosphere here which is free from the hustle and bustle of city life. This enhances the overall quality of life.

Growing Residential Community:

Perungalathur is witnessing rapid residential development, with numerous new housing projects and communities around. 

For a detailed update and Visiting Site please reach us at  +91-6366782381

About the Project:

Park 63 is a residential project by Shriram Properties. It is ideally located in Perungalathur Chennai. It is a partially ready-to-move project that offers smartly designed 2, 2.5, 3, and 3.5 BHK Flats. It is a vibrant 57-acre, self-sustainable, master-planned, integrated township known for its statuesque high-rise towers, and stunning modern architecture. 

• Project Name: Shriram Park 63
• Developer: Shriram Properties Limited
• Location: Perungalathur, GST Road, Chennai
• Current Status: RTMI / Under construction
• Possession Status: Partially Ready to Move, Completed by January 2027
• Total Floors: 2B+G+13 Floors / Total Land Area:  57 Acres / Total towers: 17 Towers 
• Total Units: 1400 units
• Configuration of the flats: 2 BHK / 2.5 BHK / 3BHK & 3.5 BHK

RERA Details:

• TN / 01 / Building / 0112 / 2019
• TN / 01 / Building / 0279/ 2020
• TN / 01 / Building / 0138 / 2018
• TN / 01 / Building / 0072/ 2018

Configuration & Pricing:

Rs 6999 per sqft/ Rs 7500 per sqft

• 2BHK (1135sqft) - 89 Lakhs (UC)
• 2.5 BHK (1400sqft) - 1.23 to 1.25 Cr (UC / RTMI)
• 3 BHK (1800sqft) - 1.55 to 1.6 Cr (UC / RTMI)

Why you should buy an apartment in Shriram Park 63?

• 57-acre township.
• Overlooking 1500 acre Vandalur Forest Reserve.
• 40 plus state-of-the-art amenities.
• An 18000 sqft clubhouse 
• Adjoining 6L Sq ft proposed mall.
• IGBC Platinum Pre-Certified Project 
• Zion Matriculation Higher Secondary School is just 500 meters away from this project.
• The most popular, Annai Arul Hospital is within 1 kilometer. 
• Perungalathur Railway Station and the GST Road are located within 3 kilometres from the project itself.
• Just beside National Highway 32, which is just 4 kilometres away from the project itself.

Project View: 

For a detailed update and Visiting Site please reach us at  +91-6366782381

Earning Opportunities in Perungalathur:

One simply does not buy a property to live, but also to carry out his own businesses as well. By dint of new government policies, in Perungalathur, several businessmen are building flats and various shopping malls to generate revenue. This is why, this location is going to be the hub of the business in the upcoming years. People are willing to invest here, to extract maximum benefit in the future. 

Future Growth in Perungalathur:

Perungalathur ensures several opportunities for future growth. The property rates, as well as the cost of services, will increase rapidly. This will generate good revenue. Moreover, a good civilized place is required for your child’s future as well. From all aspects, this location ensures the best choice.

Top Facilities:

Shriram Park 63 offers all kinds of amenities and facilities for their residents. This includes a swimming pool, lounge, and easy access to the RO system and many more.

• Mini Theatre,
• Swimming Pool,
• Business Lounge,
• Flower Garden,
• Reading Lounge,
• Volley Ball Court,
• Reflexology Park,
• ATM,
• Pergola,
• Amphitheatre,
• Cricket Pitch,
• Gazebo, 
• Fountains,
• Car Parking,
• Fire Sprinklers,
• Multipurpose Room,
• Jacuzzi,
• Tennis Court,
• Solar Lighting,
• 24x7 Water Supply,
• Club House,
• Basket Ball Court,
• Conference Room,
• Power Backup Lifts,
• Terrace Garden,
• Cigar Lounge.

Location Highlights of Shriram Park 63:

Your struggle to reach your desired destination will determine the dream home for you and your family. The location always plays an important role in deciding your home destination.  The connectivity and public transport options are critical when you’re buying a new home/house. Let’s explore the details below. Perungalathur is one of the best locations for living in Chennai and we have discussed above too. 

• 20 mins to Airport
• 1 KM to  Chennai Bypass and Outer Ring Road
• 10 minutes to the Upcoming Kilambakkambus terminus
• Right opposite Perungalathur railway station
• Close to MEPZ, Mahindra World City, Maraimalai Nagar and Oragadam

Education

• Madras Christian University
• Visyashram Velammal
• Vidyamandir University
• School SSM Sundaravalli
• College MIT

Healthcare

• Apollo Healthcare
• Hospital for Hindu Missions

Retail

• A New Mall is coming at this location with Multiplex which will be 6 lakh square feet in size.

Employment hubs in the area

• Accenture
• CSS
• Sutherland
• Navitas
• The IT Campus at Gateway

Location Benefits overall:

• Tambaram Railway Station is 10 minutes away.
• Thirty minutes drive will take you to Chennai International Airport.
• Directly across from Perungalathur local railway station, which connects to Chennai’s city centre
• 4 km away from Kilambakkam, a proposed Mofussil Bus Terminus
• Tucked between Gandhi Road and GST Road

For a detailed understanding and Site Visit please Call our experts at  +91-6366782381

Criteria to select a Location for a New Home Project before buying:

Population Trends: Accumulate data on the area’s population growth, age distribution, and income levels. A Buyer should look for areas with a rising population, particularly young families.

Employment Landscape: One should research the job market in the area with the major employers nearby.

Existing and Planned Developments: Identify existing and planned residential projects, retail spaces, and commercial developments in those areas. 

Property Value: Analyse the area’s property value trends. 

Sources: Identify the local government websites and news articles more often.

Zoning Regulations: Understand the current zoning regulations. 

Community Engagement: Talk to the local residents, business owners, and community leaders and try to understand their insights.

Watch the Actual Video of the project:

Project Full Address:

Grand Southern Trunk Road, Perungalathur, Chennai, Tamil Nadu 600063

For Visiting Site please reach us at  +91-6366782381

About Developer:

Park 63 is a prestigious project by Shriram Properties, which holds a strong position in the real estate market of Chennai.  For the last few years, they have been aiming to redefine the Real Estate market in Chennai effectively. They are eminent for their development quality and on-time delivery with trust. 

Reviews and Stories:

The other buyers of Shriram Park 63 have praised this project for its environment-friendly settings, modern well-equipped amenities, and strategic location. Many people, highlight the peaceful ambience along with the ease of access to city conveniences as a major plus. 

Master Plan & Floor Plan: 

The project Shriram Park 63 comes with well-crafted floor plans that maximize space utilization and ensure ample natural light and ventilation for you. Careful planning ensures aesthetic appeal. 

Typical Floor Plan:

Master Plan:

Floor Plan:

Home Loan Facility & Assistance:

Homebuyers can avail of comprehensive home loan assistance services also. Our partnered banks and financial institutions offer competitive interest rates with flexible EMI options. Our dedicated support team will guide you with the loan application process, hassle-free documentation processes and quick approvals. 

Conclusion: 

Chennai’s real estate market is ready for significant growth in the coming financial year, supported by the rise in demand for luxury apartments and strategic investments in prime locations across the city. The predicted 5-7% increase in property prices is underpinned by this strong economic base, diverse industries, and ongoing infrastructure projects.  These developments will surely enhance the connectivity, and accessibility and contribute to the overall appeal of investment in Chennai real estate.

The city’s strong fundamentals – growing population, robust demand for residential segments, and supportive government policies – ensure steady development effectively. That is why; this evolving market trend offers substantial opportunities for buyers and investors like you, to invest here. So, choosing this property here, for you and your family, will be the right decision. Shriram Park 63  stands out for their exceptional beauty and comfort. 

If you aspire to reside in a truly remarkable home, Perungalathur, Chennai is the ideal selection. So, dear followers & friends, to experience Shriram Park 63 by Shriram Properties at Perungalathur, Chennai in a far better way, book your site visit today with us. Our customer care team is available to arrange convenient visiting slots on different dates, will answer your queries, and provide a detailed tour of the property with satisfaction. Contact us to schedule your visit and see why this project is the ideal choice for your dream home.

Call our housing experts at  +91-6366782381. Regrob, the Real Estate Brokerage Firm with 35+ Branches across PAN India, is always ready to help their buyers with effective and accurate information about any project.  Our RERA-certified number is TN/Agent/091/2020 dated 23/05/2020.

So, invest in Shriram Park 63 by Shriram Properties at Perungalathur, Chennai – where quality of living meets unmatched convenience for you and your family!