In India, Chennai has been marked as one of the best cosmopolitan cities to live in. It has marked an enormous infrastructural growth over the past few years and is eyed by numerous people to migrate to. The city has an appealing connect to it due to the easy access to beaches, the culture, historic temples and the growing IT sector which are an attraction to not only to the people who live in Chennai but also nationwide and the expats.
If you are one of those looking out for a high end real estate investment in Chennai to reside in then look at our list of top and expensive localities of Chennai:
1. Boat Club
The Boat Club area in Alwarpet is one of the most expensive areas in Chennai and houses the VIPs of the city. This area is pretty spacious and serene and faces the Adyar River on the other side. There is no scope for commercialization. It is purely known for its residential structures. We can also spot luxury and ultra-luxury real estates. The area has the best of city’s restaurants, shopping spots and a cosmo crowd which attracts people to make an investment in this posh area.
2. Poes Garden
This is another top end locality in the city. it is known to be one of the prime residential area. This has the residence of famous celebrities like Actor Rajinikanth and politicians like Chief Minister J Jayalalithaa. This place stands next to boat club in terms of high end localities.
3. East-Coast Road
Famously known as ECR, built along the coast of Bay of Bengal is a home for many luxury apartments, posh sea facing bungalows, entertainment hubs, resorts and beach houses. This area is a right mix of luxury and serenity. There are lot of recreational activities in the area which include amusement parks like VGP and MGM. Mayajaal is a popular attraction too.
Being one of the oldest areas of Chennai, Nugambakkam now houses various educational institutions, commercial hubs, premium hotels and also government offices. This place is also a shopping hub with designer lines both national international stores housed in the locality. Being an important part of the Central Business District, it has become one of the top end localities to live in.
Having been the home to the enormously growing IT sector in the city, Velachery has emerged as a new luxurious area to settle in. This is a go to place for the people who have their offices in the IT corridor. The valuation here has always been an upscale. Hence an investment here will sure give great returns in future.
Adyar is another luxurious locality which is a good mix of a supreme calm residential environment and the IT sector spread around.
The real estates and new properties are quite expensive here. This locality is one among those which has one of city’s oldest houses. This area is considered the hottest spot in the city with the best of eateries, easy access to the beach and a shopping hub too.
One of the most prime residential and commercial locality in Chennai, Gopalapuram, also commonly known for the residence of Former Chief Minister Karunanidhi. The locality also has well known renowned schools and colleges. One of the oldest libraries of the city, Easwari library, is in Gopalapuram. The area has all the basic amenities and restaurants around, making it an attractive property to invest it.
Old Mahabalipuram road is one of the well known area in the Chennai suburban but it is one of the expensive areas of Chennai. Having become a home to many of the IT companies, this area has won over people to settle down here. The area also hosts a huge amount of tech parks, shopping malls and lifestyle amenities.
9. Besant Nagar
It is one of the most preferred areas to reside in Chennai due to the presence of beach. Extremely calm and serene area having close access to almost everything one needs for a smooth living. Beach view, sea-facing homes are quite a thing here. The area has witnessed a good amount of rise in property value in the past couple of years.
10. Rutland Gate Road
The Rutland Gate Road in Nungambakkam has made a mark as one of the expensive localities in the city. It has paved the way a lot of commercial development in the area. Many international retail brands have made this area a home to them hence increasing the property rates to quite a good amount.
Chennai is definitely a great place to live in and living in one of the areas mentioned above is an icing on the cake. If you think we missed out any area, do share it with us in the comments below.