Know What Makes Poes Garden Special Besides Amma's Rs 90-Cr Bungalow
The sudden demise of Tamil Nadu Chief Minister J Jayalalithaa has posed a question as to who would inherit her bungalow, at Number 81, Veda Nilayam, Poes Garden. The luxury property, which is the official residence of the former CM, has a price tag of Rs 90 crore. Nestled in one of the posh localities of Chennai, the bungalow was purchased by Jayalalitha and her mother in 1967 for a price of Rs. 1.32 lakh. A lavish structure with beautifully adorned interiors, Veda Nilayam, is witness to the enthralling life journey of the actor-turned-politician. And now that the ultra-modern sprawling bungalow awaits a new owner, PropGuide takes you through Poes Garden and its neighbourhood.
An expensive realty destination
Poes Garden is an upscale neighbourhood in Teynampet, situated along Anna Salai, an arterial road of Chennai. The locality has educational institutions like Arts and Science Women's College, the Justice Basheer Ahmed Sayeed College (commonly known as SIET) . Poes Garden is home to swanky five-star hotels namely Marriott Courtyard and Hyatt Regency. Excellent healthcare facilities are present in the vicinity viz. Trinity Acute Care Hospital, Kauvery Hospital, AR Dental Clinic, Frontline Eye Hospital, General Surgical Clinic and Crescent Hospital.
The leading political party in Tamil Nadu, DMK has its headquarters at Poes Garden. Interestingly, the residence of Tamil Superstar, Rajinikanth is also situated in the neighbourhood.
Ideal for investment
Poes Garden is well-connected via Nagapattinam Chennai Highway. The Chennai Central Railway Station is 7.9 kilometers away along the Rukmani Lakshmipathi Road. Chennai International Airport is 13.5 kilometers from the region. Other sub-localities of Teynampet are Gopalapura, Seethamal Colony, Ellaiyamman, Vellala Teynampet as well as Poes Road. Several independent housing units are available in the locality. The homes are lavish with high-end fittings and furnishings, spacious living spaces and beautiful landscaping.
Price trends
Properties are available at an average price of Rs. 17,696 per sq ft. The prices have, in fact, considerably dropped in the past few years. Rental properties have a price of Rs 64,000 to as high as Rs 145,000.