Casagrand Premier Builder Limited is an Indian real estate developer headquartered in Chennai, Tamil Nadu, established in 2003. Its first project, Casagrand Srishti, launched in 2004 in Thiruvanmiyur — barely five kilometres north of Perungudi on the same OMR axis. That geographic proximity is not coincidental: the company has built its identity along Chennai's southern IT corridor from the outset. As of early 2026, Casagrand has delivered 103 completed projects encompassing 21.79 million square feet of saleable area, and currently has 57 ongoing projects spanning 44.10 million square feet. In 2024, its subsidiary Casagrand Premier received approval from SEBI for an initial public offering, a milestone that underscores the scale the company has reached since its founding.
Under the leadership of Arun MN, Casagrand has expanded its presence across key micro-markets in Chennai, offering apartments of various sizes and independent villas, catering to luxury, mid-range, and affordable segments, with a particular focus on mid-range offerings. The company has also extended operations to Bengaluru, Hyderabad, and Coimbatore. Its footprint along OMR specifically includes completed projects such as Casagrand Royale and Casagrand Vogue in Sholinganallur and Perumbakkam, and the large-format township Casagrand HolaChennai — a 30-acre development in Sholinganallur launched in May 2024 with 1,818 homes. Perungudi, sitting at the northern gateway of that same corridor, represents a natural and strategic extension of this track record.
Casagrand Avenuepark is an under-construction residential project in the Perungudi neighbourhood, spread over 4.02 acres and featuring 209 apartments across 4 towers, each with a Basement + Ground + 5 floors structure. The development offers 2, 3, and 4 BHK apartments with Vastu-compliant designs and layouts planned for maximum natural light and ventilation. Unit sizes range from 1,660 to 2,954 sq. ft., spread across the Basement + Ground + 5 floor configuration.
The project is registered with the Tamil Nadu Real Estate Regulatory Authority. RERA registration number TN/29/Building/0419/2024 was issued on 11 July 2024. Possession is indicated for October 2027.
Casagrand Avenuepark offers 209 apartments with 60-plus amenities including a 3,800 sq. ft. swimming pool, sky cinema, pet park, themed garden, and gym. An 8,500 sq. ft. clubhouse provides a central social and recreational hub, complemented by a swimming pool, gym, landscaped gardens, kids' play area, pet park, and 24/7 security. The 2.6 acres of open space is designed as a natural forest with boardwalks and tree swings, and all units are positioned to face either the podium or outdoor areas for uninterrupted visual connectivity.
| Configuration | Size Range | Indicative Price Range |
|---|---|---|
| 2 BHK | 1,660 sq. ft. approx. | On request |
| 3 BHK | 2,560 – 2,560 sq. ft. | From ₹2.77 Cr |
| 4 BHK | 2,939 – 2,955 sq. ft. | Up to ₹3.2 Cr approx. |
Source: Third-party listings aggregated from CommonFloor and RoofandFloor as of mid-2024 to early 2025. Confirm current pricing directly with Casagrand.
Perungudi, situated along Chennai's Old Mahabalipuram Road (OMR) IT corridor, has transformed from a quiet village into one of the city's most vibrant residential hubs, appealing to IT professionals, families, and investors alike. For Casagrand, whose portfolio across OMR already spans Thiruvanmiyur, Sholinganallur, Perumbakkam, and Thalambur, Perungudi fills a specific gap: it occupies the northern, city-proximate end of the corridor where land parcels suitable for a compact mid-rise community are increasingly scarce.
Prominent tech parks including Brigade WTC, Global Infocity Park, SP Infocity, and RMZ Millenia Business Park — which host multinational corporations — are located in Perungudi, creating ample employment opportunities. Casagrand Avenuepark sits close to World Trade Center Chennai, the OMR IT Corridor, and TIDEL Park. For a buyer whose working life revolves around these addresses, the project eliminates the long commutes that define life further south on OMR.
Perungudi has a well-connected lifestyle due to its position between the city core and the IT outskirts; OMR brings the heart of the city within 15 to 20 minutes. Perungudi MRTS Station serves the locality, and Little Mount Metro Station on the Blue Line is within 8 km. The completion of the multi-level flyover at the Taramani-Perungudi junction has further improved urban mobility in the area. Chennai International Airport is approximately 15 kilometres away, making domestic and international travel convenient.
Guindy, Taramani, and Perungudi have seen high commercial absorption by IT, startup, and fintech sectors, which translates directly into sustained residential demand. 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 project another 6–8% gain in 2025–26. Rental yields along IT corridors including Perungudi and Sholinganallur run at 3–4% annually, reflecting a tenant pool that is consistent, creditworthy, and deeply embedded in the local employment ecosystem.
2024 was among the strongest years for Chennai real estate, with significant demand in IT corridors and residential hubs; average city-level prices crossed ₹7,000 per sq. ft. and price movement of +6% to +8% was recorded, with continued momentum forecast at +5% to +7% through 2025–26. Within that citywide trajectory, prime localities in south Chennai such as Sholinganallur, Medavakkam, and Perungudi have seen rapid demand driven by easy connectivity with the IT corridors.
The social infrastructure surrounding Avenuepark reflects this maturity. The area has landmarks such as Perungudi Lake, Apollo Speciality Hospital, and The Indian Public School nearby. Kauvery Hospital in Taramani is 4 km away for tertiary care, Grandshore Mall is 3 km away with a multiplex and food court, and Phoenix Marketcity in Velachery is within 6 km.
Perungudi attracts multiple developers precisely because the fundamentals are sound — a rare combination of genuine office employment nearby, city-centre proximity, and improving transit infrastructure. What Casagrand brings to this specific sub-market is a delivery record that buyers in the OMR corridor can verify building by building: the company positions itself as delivering 160-plus landmark projects with 221 multi-level quality checks, on-time delivery, and a 10-year maintenance and warranty period.
Casagrand has developed in-house capabilities for every stage of the project development life cycle, from land identification and acquisition through design, planning, construction, marketing, sales, and project delivery. At Avenuepark, that integrated control is visible in a product where 2.6 acres out of a 4-acre site is reserved for open space — a density decision that speaks to long-term liveability in a locality where land availability is tightening.
For a buyer evaluating Perungudi specifically, Casagrand Avenuepark represents the developer's considered entry into this sub-market: a low-rise, low-density community in an established IT address, backed by a builder whose OMR track record stretches back over two decades.