Perungudi, nestled along Chennai’s Old Mahabalipuram Road (OMR) IT corridor, has rapidly transformed from a quiet village into one of the city’s most vibrant residential hubs. With its proximity to major tech parks, improving infrastructure, and a growing roster of social amenities, Perungudi appeals to IT professionals, families, and investors alike. In this guide, we’ll dive deep into everything you need to know about Perungudi living—from connectivity and real estate trends to schools, healthcare, lifestyle, and future prospects. Whether you’re planning to rent, buy, or simply explore this neighbourhood, you’ll find actionable insights and on‑ground data to make informed decisions.
1. Getting to Know Perungudi
- Location & Boundaries: Perungudi lies about 10 km south of Adyar, bordered by OMR to the west and Perungudi Lake to the east .
- Population: As of 2011, roughly 43,000 residents called Perungudi home, a number that has likely doubled with the IT boom .
- Historical Snapshot: Once an agrarian hamlet, Perungudi saw its first wave of transformation with the establishment of IT parks in Taramani and Thoraipakkam in the early 2000s.
2. Connectivity & Commute
- Road Access:
- Public Transport:
- MTC Buses: Frequent routes link Perungudi to key junctions—T. Nagar, Chennai Central, and Tambaram.
- MRTS: The closest station at Taramani (2.5 km away) offers an air‑conditioned rail alternative to Velachery and Chennai Beach.
- Upcoming Metro Feeder: Chennai Metro Phase II doesn’t have a stop in Perungudi proper but plans include dedicated feeder buses to Stella Maris Road and Velachery stations, arriving by late 2026 .
- MTC Buses: Frequent routes link Perungudi to key junctions—T. Nagar, Chennai Central, and Tambaram.
- First‑Mile/Last‑Mile:
Auto‑rickshaws and ride‑hailing services fill the gap, with average 3 km rides costing ₹80–₹120.
3. Real Estate Market Overview
3.1 Property Prices
- Average Sale Rates:
- Popular Configurations:
3.2 Rental Trends
3.3 Appreciation & Investment Outlook
Perungudi’s property rates have climbed 8–10% per year in recent cycles, buoyed by steady demand from IT professionals and limited new supply. Experts expect another 6–8% gain in 2025–26, making Perungudi an attractive mid‑term investment .
4. Social Infrastructure
4.1 Education
| School / College | Type | Distance from Perungudi |
| PSBB Millennium School | CBSE | 2 km |
| Chennai Public School | CBSE | 3 km |
| Hindu Senior Secondary School | State Board | 4 km |
| Loyola College, Nungambakkam | University | 8 km |
4.2 Healthcare
- Apollo Multispecialty Clinic: 2 km away, 24×7 emergency.
- Virohan Institute of Rehabilitation: 3 km, advanced physiotherapy.
- Kauvery Hospital (Taramani): 4 km, tertiary care & ICU.
4.3 Retail & Leisure
- Grandshore Mall: 3 km, multiplex & food court.
- Phoenix Marketcity (Velachery): 6 km, flagship brands & entertainment.
- Weekly Markets: Fresh produce market every Sunday near Perungudi Lake.
4.4 Parks & Recreation
- Perungudi Lake Park: Newly upgraded walking trails and children’s play area (opened 2024).
- Club Seven: Gated‑community club offering gym, pool, and co‑working space for nearby residents.
5. Key Residential Projects
- Casagrand Riviera
- Type: Gated Apartments (2–4 BHK)
- Highlights: Infinity pool, sky‑garden, mini‑theatre.
- Price: ₹10,500/sq.ft. onwards.
- Type: Gated Apartments (2–4 BHK)
- TVH Westside
- Type: Apartments with duplex options
- Highlights: Clubhouse, multiplex‑style home theatre, driver’s rest area.
- Price: ₹9,000–₹11,000/sq.ft.
- Type: Apartments with duplex options
- Jains Pebble Brook (Phase II)
- Type: Budget‑friendly 2, 3 BHK
- Highlights: Solar water heating, rainwater harvesting, 100% DG backup.
- Price: ₹8,500/sq.ft.
- Type: Budget‑friendly 2, 3 BHK
- IVRCL Exquisite
- Type: Premium villas & apartments
- Highlights: Private garden, multi‑purpose court, landscape terraces.
- Price: ₹12,000–₹14,000/sq.ft.
- Type: Premium villas & apartments
- Ayyappa Nagar Plots & Villas
- Type: Independent villas & plot developments
- Highlights: No‑club fee model, customizable finishes, green belt views.
- Price: ₹7,000–₹9,000/sq.ft.
- Type: Independent villas & plot developments
6. Pros & Cons of Living in Perungudi
| Pros | Cons |
| Proximity to IT Parks: Rapid commute on OMR | Traffic Congestion: Peak‑hour jams on OMR |
| Growing Amenities: New malls and clinics | Infrastructure Gaps: Occasional water cuts (improving) |
| Green Spaces: Lake park & tree‑lined roads | Limited Metro Access: Feeder services needed |
| Rental Demand: High and steady yields | Noise Pollution: OMR traffic noise |
| Community Clubs & Co‑working: Onsite perks | Property Rates Rising: Entry cost steep |
7. Cost of Living
- Groceries & Utilities: Similar to Chennai average—₹5,000–₹7,000 per month for a family of three.
- Dining Out: Mid‑range restaurant: ₹800–₹1,200 per meal for two.
- Commute Costs: Auto‑rickshaw: ₹40–₹60 for 2 km; MTC bus: ₹12–₹20.
8. Lifestyle & Community
Perungudi’s population mix—first‑generation migrants and long‑time residents—creates a blend of cultures. The neighbourhood hosts:
- Festivals & Events: Tamil New Year gatherings at the lake park; annual food festivals in nearby malls.
- Fitness & Wellness: Yoga studios, CrossFit gyms, and a weekend cycling group that meets at 6 am.
- Co‑working & Networking: Spaces like WorkBuds and The Hive cater to freelancers and startups.
9. Future Infrastructure & Developments
- Metro Phase II / Feeder Buses: Expected by Q4 2026, easing last‑mile links to Perungudi.
- Road Widening Projects: Chennai Corporation’s plan to widen the Perungudi–Thoraipakkam link road, slated for completion in 2025.
- Smart City Upgrades: Pilot projects for underground drainage and Wi‑Fi hotspots in 2025–26.
- New IT Campuses: Infosys and Cognizant expansions in Taramani will further spur housing demand in Perungudi.
10. Tips for Homebuyers & Renters
- Site Visits: Check proximity to OMR, noise levels, and water supply during dry months.
- Due Diligence: Verify RERA registration and any pending developer approvals.
- Negotiation: Leverage ready‑to‑move‑in stock for better pricing, and ask for free maintenance or parking as part of the deal.
- Rental Agreements: Insist on clear clauses for rent escalation (5–7% per year) and security deposit (2–3 months’ rent).
- Financing: Home‑loan rates in 2025 hover around 8.75–9.25%; pre‑approval strengthens bargaining power.
Conclusion
Perungudi stands at the crossroads of Chennai’s tech growth and suburban charm. Its blend of IT‑driven demand, maturing social infrastructure, and steady price appreciation make it an attractive choice for both end‑users and investors. While challenges like traffic and metro access remain, ongoing upgrades promise to bridge these gaps soon. Armed with this guide—covering connectivity, real estate trends, amenities, lifestyle, and future projects—you’re well‑equipped to decide whether Perungudi is the right neighbourhood for you to live, invest, or work.
Source : Fulinspace.com