Chennai, like different metropolitan cities in India, attributes its hovering property costs to urbanisation. Providing myriad job alternatives (primarily within the IT sector), terrific climate, healthcare and different components that contribute to an amazing high quality of life, Chennai is the place to be within the Southern a part of India, if you happen to just like the grind. However if you happen to prefer it calm, you even have an choice to construct a quaint home or occupy a pre-existing one within the tree-clad streets of the town’s posh localities.
5 of the poshest localities in Chennai the place celebs and billionaires personal houses
1. Boat Membership
Lambos, RRs, Jaguars and the likes are a typical sight within the parkings lot of the Boat Membership. With the who’s who of the town residing on this space, it is one of many prime areas of Chennai. Principally boasting stand-alone bungalows surrounded by lush greens, the world has preserved its colonial heritage. So, if that’s what you’re on the lookout for, Boat Membership is ideal for you. Only a tad bit heavy on the pocket although with costs hitting Rs 40,000 to 50,000 per sqft.
2. Poes Backyard
Poes Backyard is simply an arm’s distance away from Boat Membership once we speak concerning the structure and property type. Housing famous person Rajnikanth, Pepsico CEO Indira Nooyi and cricketer Dinesh Karthik, the locality comes with a heavy price ticket. Ideally, an condominium or a bungalow at Poes Backyard can be priced someplace between Rs 30,000 to 40,000 per sqft.
There may be a slew of new-age developments in Nungambakkam, one of the costly localities in Chennai, however they nonetheless received nothing on the colonial buildings. Sitting within the southwest a part of Chennai, the properties on this neighbourhood have sky-high costs. However there are additionally some which can be barely extra inexpensive, thereby bringing the typical value right down to Rs 18,500 per sqft.
4. Besant Nagar
Much like Mumbai, Chennai additionally has its most costly localities within the southern a part of the town. Besant Nagar, which can be dense with British-era building, is considered one of them. Named after theosophist Annie Besant, the world has among the greatest upscale eateries on the town. The property values, therefore, have gone up prior to now few years. The typical property value in Besant Nagar is calculated at Rs 17,000 per sqft.
Also called Adaiyaaru, which derives its title from being situated on the south of the Adyar river, this is among the most costly localities in Chennai. There’s a large hole within the property charges of the colonial-era buildings and the brand new constructions on this space. When you’re a foodie, Adyar is the place to be. It homes among the greatest eateries in addition to many purchasing malls. The typical value at Adyar is Rs 12,000 per sqft.
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