5 Posh Localities In Chennai

Luxury is one of the segments in Chennai real estate that is witnessing an upward trend. According to a report by PropTiger DataLabs for the month of February 2017, the luxury property market in Chennai was driving the sales numbers. Most of these luxury projects are slated for completion in 2017. The city offers home buyers a perfect mix of traditional and modern cultures and has witnessed massive development in terms of both industry and infrastructure. This is why home buyers across segments have made the Tamil Nadu capital their homes.

PropGuide lists five best localities in Chennai based on the per-sq-ft price of property according to PropTiger DataLabs:

 Teynampet

With 150 per cent growth in average property prices in past 48 months, Teynampet has emerged as the most preferred location for those looking for luxury property in Chennai. Lying in close proximity to the city centre, Teynampet has plenty of commercial set ups along with luxury properties. A posh locality, it has as many as four to five-star hotels and a political party's office, too. The locality is in proximity to the Chennai Central Railway Station (7.9 kilometres) and the Chennai International Airport (13.5 kilometres) . It is also connected to the Nagapattinam Chennai Highway. The properties here are available in 2, 3, 4 and 5BHK configurations and are priced at Rs 30,000-Rs 35,000 per sq ft.

Alwarpet

A well-developed social and civic infrastructure and its proximity to the city centre, Alwarpet is an upscale locality. One of the oldest localities, Alwarpet has witnessed a 6.5 per cent rise in average property prices in past 50 months. It is home to actor Kamal Hasan and politician, M K Stalin and has a livability score of 9.7. The properties here are available in 2, 3, 4 and 5BHK configurations are priced at Rs 20,000 - 23,000 per sq ft.

Abiramapuram

A livability score of 9.5, Abiramapuram lies in proximity to the offices of some of the leading corporates including Exide Industries Ltd and Reliance Industries Ltd. Abiramapuram has a well-developed social and civic infrastructure. The average unit sizes in Abiramapuram range between 700 sq ft to 4,363 sq ft and is priced between Rs 19,000-21,000 per sq ft.

Nungambakkam        

One of the oldest localities in Chennai oozing Europe's vintage culture, Nungambakkam is located at the western limits of the city. This locality enjoys proximity to some prominent company offices, including ITC Ltd, Dr. Reddy's Laboratories Ltd, Sulakshana Circuits Ltd, Pioneer Steel Private Ltd and Tech Mahindra Ltd. Well-connected to other parts of the city via major roads, including the V R Ramanathan Road, the McNichols Road, the Sterling Road, the Tank Bund Road, the Valluvar Kottam High Road and the High Road, Nungambakkam has witnessed a 15.8 per cent rise in prices in the past 36 months. Owing to the massive infrastructural development here, the locality has emerged as a sought-after residential destination for many.

Some of the luxury projects in Nungambakkam that you could invest in are Adroit Urban Imperia, Vijay Shanthi The Art, AR Foundations Amara Avana, and Adroit Urban House of Ambal. Apartments at Nungambakkam are available at an average price of Rs 17,000 - 20,000 per sq ft.

Raja Annamalai Puram

Located 4.5 kilometres from Chennai, this locality is known for IT and automobile industries. Catering to a wide array of home buyers, apartments in Raja Annamalai Puram are available in sizes ranging from 992 sq ft to 6,000 sq ft. Ceebros One 74, ETA Star Lilac Heights, Arham Builders Mahadev and Devinarayan Housing Sree Sarada Nivas are some of the luxury projects in Raja Annamalai Puram. A new apartment in Raja Annamalai Puram would be available at an average price of Rs 17,000 - 20,000 per sq ft.

 

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These were the top five posh localities in Chennai in 2016, read on...

Chennai as a city offers home buyers a perfect mix of traditional and modern cultures and has witnessed massive development in terms of both industry and infrastructure. This is why home buyers across segments have made the Tamil Nadu capital their homes.

PropGuide lists five best localities in Chennai:- 

Nungambakkam        

One of the oldest localities in Chennai oozing Europe's vintage culture, Nungambakkam is located at the western limits of the city. This locality enjoys proximity to some prominent company offices, including ITC Ltd, Dr. Reddy's Laboratories Ltd, Sulakshana Circuits Ltd, Pioneer Steel Private Ltd and Tech Mahindra Ltd. Well-connected to other parts of the city via major roads, including the V R Ramanathan Road, the McNichols Road, the Sterling Road, the Tank Bund Road, the Valluvar Kottam High Road and the High Road, Nungambakkam has witnessed a 15.8 per cent rise in prices in past 36 months. Owing to the massive infrastructural development here, the locality has emerged as a sought-after residential destination for many.

Some of the luxury projects in Nungambakkam that you could invest in are Adroit Urban Imperia, Vijay Shanthi The Art, AR Foundations Amara Avana, and Adroit Urban House of Ambal. Apartments at Nungambakkam are available at an average price of Rs 18,382 per sq ft.

Royapettah        

Being centrally located, Royapettah is loved by those who want luxury homes. Located five kilometres from the famous Marina Beach, the locality is surrounded by areas such as Mylapore, Nungambakkam, Nandanam, Mandavelipakkam, Kodambakkam, Kilpaukkam, Gopalapuram, Egmore, Alwapet and Abiramapuram. It is known to be a well-structured locality, with apartments available in 1, 2, 3, 4 and 5BHK configurations. For those looking for luxury, the upcoming projects in Royapettah are Express Exclusive, Landmark Construction Vertica, Atikramya The Serai, and Shanti Builders Ram. Apartments in Royapettah are available at an average price of Rs 18,071 per sq ft.

Read more: Go North For Affordable Homes In Chennai

Raja Annamalai Puram

Located 4.5 kilometres from Chennai, this locality is known for IT and automobile industries. Catering to a wide array of home buyers, apartments in Raja Annamalai Puram are available in sizes ranging from 992 sq ft to 6,000 sq ft. Ceebros One 74, ETA Star Lilac Heights, Arham Builders Mahadev and Devinarayan Housing Sree Sarada Nivas are some of the luxury projects in Raja Annamalai Puram. A new apartment in Raja Annamalai Puram would be available at an average price of Rs 16,667 per sq ft.

Kilpaukkam        

Located just six kilometres from the city centre, Kilpaukkam has been a well-renowned residential locality.  The area is situated off the High Road in the west and is adjacent to Chetpet, Egmore, Anna Nagar and Purasawalkam. Known for a well-connected road network, the city's Metro Rail is also expected to pass through this locality. Apartments in Kilpaukkam are available in sizes ranging from 910 sq ft to 3,762 per sq ft. Jain Housing Surabhi, Jain Housing Archway and Devinarayan Aikya are some of the luxury projects in Kilpaukkam. The apartments here are available at an average price of Rs 14,267 per sq ft.

Anna Nagar

Located at the north-western part of Chennai, the locality was developed in the 1970s by the Tamil Nadu Housing Board. Today, it is termed as one of the best residential localities in the city. The locality lies in proximity to the upcoming Thirumangalam Metro Station and is well-connected to the central railway station and international airport. For those looking for opulent properties here, Ozone Metrozone, Ozone The Gardenia, Newry Properties Park Tower and India Santhiniketan are some of the luxury projects in Anna Nagar. You could book a new apartment in Anna Nagar at an average price of Rs 13,496 per sq ft.

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