Arihant Perungudi Chennai

About Arihant Perungudi Chennai

Arihant Perungudi Chennai is an upcoming apartment project by Arihant Foundations & Housing Ltd., a listed Chennai developer, on a 3-acre parcel along MGR Salai in Perungudi. The site sits at the gateway to the Old Mahabalipuram Road (OMR) IT corridor, and the project is currently at the Upcoming stage: the land is in hand, but construction has not started.

The land deal was announced on 25 June 2025. The developer plans about 0.7 million sq ft of built-up area, with a projected gross development value of ₹1,200 crore. It describes the homes as modern apartments with curated amenities and green open spaces, and it has clearly designed the project with IT professionals in mind. One honest point to keep in front of you: the project is not yet RERA registered, so it is not open for sale or booking until registration is complete. It still needs its final regulatory approvals before construction can begin.

Key Highlights

• A 3-acre parcel on MGR Salai, Perungudi, Chennai 600096, at the entrance to the OMR IT corridor.
• About 0.7 million sq ft of planned built-up area.
• Projected gross development value of ₹1,200 crore, announced with the land acquisition on 25 June 2025.
• Walking distance to more than 15 million sq ft of Grade A office space, including Global Infocity Park, Brookfield Millenia Park and DLF Downtown.
• An elevated Chennai Metro Purple Line station at Perungudi, listed for a March 2028 opening.
• The Chennai MRTS Perungudi stop already runs on the same stretch of the corridor.
• Construction has not begun, which means the price and layout of today's buyer will differ from those who commit after launch.

Location Advantages

For anyone whose working day is spent in the OMR offices, Perungudi is hard to beat. The project's biggest pull is simple: you can walk to some of the largest Grade A office campuses in the city, including Global Infocity Park, Brookfield Millenia Park and DLF Downtown. Imagine trading a long, tiring commute for a walk to your desk. For many working women and first-time earners, that time saved each day is a real quality-of-life gain.

The road and rail picture is improving. The Perungudi Junction grade separator, along with the SRP Tools Junction one, is expected to ease the traffic between Velachery, Taramani and Perungudi once it is complete. A word of caution, though: the metro and flyover work will bring construction traffic, diversions and dust to the area for some years. Buyers who value a quiet home should keep that in mind during the build phase.

Location Map — available on request

Get Location Map on WhatsApp

What's Nearby: Offices, Transport and Shopping

Perungudi has long been a magnet for IT families who want to be close to work, so the surrounding residential streets have a settled, practical feel. Schools and hospitals in the wider OMR belt are a sensible thing to check on a site visit, especially if you have children, because the daily routine of a family home depends on them as much as on the office.

Amenities

The developer's own description centres on lifestyle amenities and green open spaces, the same hallmarks it brings to its other projects. Green space matters a great deal in a dense IT corridor, where a bit of open air after a long day can make a real difference to your mood and your sleep. Buyers in this part of OMR typically look for a clubhouse, a children's play area, security and a pool or fitness space, so it is worth comparing the eventual plan against that checklist once details are shared.

Upcoming Infrastructure Around the Project

• Chennai Metro Phase 2 Purple Line: the elevated Perungudi station is under construction and listed for a March 2028 opening. The line follows Old Mahabalipuram Road through Perungudi, Thoraipakkam and Sholinganallur, which would give residents a metro commute to the wider corridor.
• Perungudi Junction and SRP Tools Junction grade separators: Chennai Metro awarded a ₹113.80 crore contract in March 2026, with completion due within 18 months of the start of work. A dedicated ramp from MGR Main Road towards Sholinganallur is part of the plan.
• Velachery to St Thomas Mount MRTS extension: nearing completion as of November 2025, with operations anticipated to begin from January 2026.
• MRTS handover to Chennai Metro: station upgrades to metro standards are planned by 2028, which would lift the quality of the rail link near the site.

Price Context for Perungudi Buyers

No unit price has been set for this project yet, so the best yardstick you have right now is the locality rate. Average apartment rates in Perungudi stood at ₹11,050 per sq ft for the April–June 2026 quarter. Prices have risen about 11.1% over one year and about 53.5% over five years, a strong run that reflects how much demand the OMR corridor has attracted.

Land in the locality was priced at about ₹12,000 per sq ft in the same quarter. That gap matters, because it shows how much of a project's cost goes into the ground itself, and it helps explain why the developer's pricing will depend heavily on the final plan and the location premium. When the cost sheet arrives, compare it line by line with the ₹11,050 average, not just with the headline figure.

Launch and Possession Timeline

• 25 June 2025: the developer acquired the 3-acre MGR Salai parcel for a premium residential project with a projected gross development value of ₹1,200 crore.
• Current stage: the land is in hand, construction has not started, and the project still needs its final regulatory approvals before work can begin.

Facts as on 4 November 2026, from the developer's public announcements.

Investment Analysis

• Price against the locality: with no unit price yet, the Perungudi average of ₹11,050 per sq ft is the figure to test any future offer against.
• Appreciation: about 11.1% in one year and about 53.5% over five years. Strong numbers like these attract buyers, but they also mean entry prices have risen, so a future buyer should check how much growth is already built into the price.
• Rental yield: around 2%. For NRI and investor buyers, this is the number to understand clearly. Rent covers a modest share of the price, so returns will depend mainly on how the property's value grows over time.
• Demand drivers: proximity to the OMR IT corridor and Grade A offices, the Purple Line metro, and the road grade separators together give the locality a strong base of tenants and buyers.
• Resale and rental demand: Perungudi is described as one of Chennai's most active mid-to-premium residential investment destinations, which helps resale liquidity.
• Benchmark to use: the most useful comparison is other mid-to-premium apartment projects along OMR and in the Sholinganallur–Perungudi belt, measured on price per sq ft for similar carpet areas.

Pros and Cons

Pros

• Walking distance to some of the largest Grade A office campuses on OMR.
• Metro station planned at Perungudi, plus an existing MRTS stop in the locality.
• Developer founded in 1995 and listed on Indian exchanges, with a delivery record above 25 million sq ft and press coverage that calls it known for timely delivery.
• Locality prices have grown strongly over five years, supported by infrastructure coming up around the site.

Cons

• The project is not yet RERA registered and cannot be sold or booked until registration is complete.
• Construction has not started, and final regulatory approvals are still needed, so possession is some way off.
• The Perungudi metro station is listed for March 2028, which means the full metro benefit is a few years away.
• Rental yield of about 2% is modest, and the locality's strong price run means entry costs are already high.
• Road and metro construction will bring traffic diversions and noise in the years ahead.

Who Should Buy This

Ideal for: IT professionals working in the nearby offices who want a short commute and are happy to wait for the build. First-time buyers, including women who are buying with their own income, who value a location with metro access coming. NRIs who are looking at long-term capital growth rather than rental income.

Not ideal for: buyers who need a home within a year or two, investors who need rent to cover their loan now, and anyone who wants to commit only after a RERA-registered project is open for booking.

About the Developer

Arihant Foundations & Housing Ltd. was founded in 1995, and its first project, in Kilpauk, dates back to 1984. The company is listed on Indian exchanges and has a delivery record above 25 million sq ft. Its Chennai delivered projects include Arihant Technopolis in Perungudi (May 2007), The Verge on OMR (May 2018), Arihant Tiara in Nandambakkam (January 2016), Greenwood City in Navalur (May 2015), Arihant Vitaly on Haddows Road (May 2019), Arihant Vihaana in Kilpauk (January 2022), Arihant Sri Niketan on Cenotaph Road (February 2022) and Arihant Rohini in T. Nagar (February 2024). Its ongoing portfolio carries a gross development value of ₹11,251 crore across about 8 million sq ft. In the first quarter of FY27, consolidated net profit rose 47% year on year to ₹24.09 crore. Because about 95% of its projects are executed through joint ventures, the company tends to share risk and capital across partners.

FAQ: Frequently Asked Questions

Q: Where exactly is Arihant Perungudi Chennai located?

A: The project sits on a 3-acre parcel on MGR Salai in Perungudi, Chennai 600096, at the entrance to the OMR IT corridor.

Q: How close is the nearest metro to Arihant Perungudi Chennai?

A: The elevated Purple Line station at Perungudi is listed for a March 2028 opening, and the Chennai MRTS Perungudi stop is already on the same stretch of the corridor.

Q: Is Arihant a reliable builder in Chennai?

A: Arihant Foundations & Housing Ltd. was founded in 1995, is listed on Indian exchanges, and has a delivery record above 25 million sq ft, with press coverage describing it as known for timely delivery.

Q: What is the price per sq ft in Perungudi?

A: The average apartment rate in Perungudi was ₹11,050 per sq ft for the April–June 2026 quarter, and prices have risen about 11.1% over one year.

Q: Is Perungudi a good place to invest in property?

A: It is one of Chennai's more active mid-to-premium residential destinations, but rental yields are around 2%, so returns depend largely on price growth.

Related News

• Chennai Metro Phase 2 Corridor 3 And 4 Construction Progress Update: Sholinganallur Perungudi And OMR Stations Drive 25 Percent Property Price Surge Along IT Corridor