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Is the Radiance Mercury, Perumbakkam has more potential in terms of capital appreciation, ROI, Rentals, Proximity to social infrastructure etc?

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Is the Radiance Mercury, Perumbakkam has more potential in terms of capital appreciation, ROI, Rentals, Proximity to social infrastructure etc?
asked Jul 15, 2016 by snp (2 points)

1 Answer

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Radiance Mercury offers high quality flats in Perumbakkam. The project will have 546 units spread over 6.2 acres of land with a mix of 2, 2 + Study and 3 bhk units area ranging from 966 sqft to 1475 sqft. Radiance Mercury has one exclusive block of compact 2 bhk units from 610 sqft and studio apartments from 500 sqft on wards. Phase I will be handed over by December 2016.
answered Jul 18, 2016 by shomali (11 points)
The residential market in this locality consists mostly of multi-storey apartment buildings, followed by residential plots in Perumbakkam, with the presence of only a few independent houses. The most prominent growth factor for the locality has been the emergence of IT hubs in the surrounding localities of OMR and Sholinganallur. The area quickly rose to become a potential option for the young IT crowd, spurring the residential project development.
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