Sriperumbudur, also known as Bhoodapuri, is a promising business destination and with the increase of automobile and services sector, it enjoys a booming real estate. Located on the south-west part of Chennai, it is a home for all the major automobile industry. Due to infrastructure growth, establishment of STPIs and SEZs, availability of quality manpower and proximity to Chennai port, encourages huge investment in Sriperumbudur real estate. The industrial passage between Sriperumbudur and Oragadam is developing fast with an abundance of apartments. The region is populated with residential project plans comprising of villas, gated communities, residential plots, and apartments. Sriperumbudur is growing at a fast paced speed due to the increased number of multi-national companies in the vicinity. As this area is gaining popularity, the property prices will tend to shoot up in coming years, making it an attractive investment. The ROI (Return on Investment) has witnessed an increase of 3 to 11% q-o-q. Average apartment prices in this locality range from Rs. 2,100/- to 3,600/- per sq. ft. Average land prices are Rs. 2,000/- per sq. ft. The growth rate in this area is 16%. Major builders in this area include: Accord Housing Pvt Ltd, Vijay Shanthi, Primax Infra. Stamp Duty is 7%, Registration Fees is 1%
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