Project of The Week: Radiance Realty's Mercury, Chennai
One of the fastest-growing suburbs in Chennai, Perumbakkam lies close to the city's information technology hubs. This is the reason why people employed in the city's IT sector has been choosing this locality to buy homes. Affordable prices are also making Perumbakkam a favourite among home buyers. To meet the increased demand for real estate in this locality, Radiance Realty has come up with its project Radiance Realty Mercury here.
PropGuide explores the project in detail:
The project
Radiance Realty Mercury was launched in November 2015 and is expected to be ready for possession by December this year. Spread over an area of 6.5 acres, the project offers 186 apartments in 1, 2 and 3BHK configurations. Sizes of the apartments vary from 500 sq ft to 1, 473 sq ft. Amenities offered at the project include:
The location
Perumbakkam lies close to the IT corridor of OMR and the upcoming ELCOT SEZ. A 60-feet road is proposed from Perumbakkam to Siruseri IT Park that is expected to boost the connectivity of this area.
Healthcare centres: Suraj Hospital, Global Hospital, Primary Health Center, Oxygen Hospital and C M 24 Hours Hospital.
Educational institutions: Zigma Matriculation School, Advent School, Sahasras Pre-School and Vidyalaya Senior Secondary School.
Transportation: The Velachery Railway Station is 13 kilometres from here and the airport is at a distance of 19.2 kilometres. Tamil Nadu State Road Transport Corporation-run buses connect this locality with other parts of Chennai.
The price
The average price of property in this locality is Rs 3,933 per sq ft.
The developer
Earlier known as NAPC Properties, Chennai-based Radiance Realty is a prominent name in the real estate sector. The company has so far developed as many as 15 projects. Top projects by the company include Ivy Terrace at Navalur, Vishwadeep at Raja Annamalai Puram and Visvamoda at Mylapore. Some of the company's under-construction projects in Chennai include Shine at Kelambakkam, Mandarin at Thoraipakkam and Green Springs at Muttukadu.
Our verdict
Parameters | Remarks |
Project | Very good |
Price | Good |
Locality | Very good |
Developer | Good |
Overall recommendation
This project could be an excellent opportunity for the working professionals of Chennai. It is also a good investment opportunity giving you great future prospects.