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 connection 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 ex-pats.
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 the top and most expensive localities of Chennai:
List of The Top 10 Most Expensive Areas of Chennai
10. Rutland Gate Road
The Rutland Gate Road in Nungambakkam has made a mark as one of the most expensive residential areas in Chennai. It has paved the way for a lot of commercial development in the area. Many international retail brands have made this area home to them hence increasing the property rates to quite a good amount.
9. Besant Nagar
It is one of the most preferred residential areas to reside in Chennai due to the presence of a beach. The extremely calm and serene area having close access to almost everything one needs for a smooth living. And Beach view, and 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.
Old Mahabalipuram Road is one of the well-known residential areas in the Chennai suburban, but it is one of the most expensive residential areas of Chennai. Having become a home to many 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.
One of the prime residential and commercial localities in Chennai, Gopalapuram, is also commonly known as 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 in. Hence it is considered another more expensive residential areas in Chennai.
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 the 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.
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 upscale. Hence an investment here will surely give great returns in future.
Being one of the oldest residential areas of Chennai, Nungambakkam now houses various educational institutions, commercial hubs, premium hotels and also government offices. This place is also a shopping hub with designer lines and both national and 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.
3. East-Coast Road
Famously known as ECR, built along the coast of the Bay of Bengal is a home for many luxury apartments, posh sea-facing bungalows, entertainment hubs, resorts and beach houses. This area is the right mix of luxury and serenity. There are a lot of recreational activities in the area, which include amusement parks like VGP and MGM. Mayajaal is a popular attraction too.
2. Poes Garden
This is another top-end locality in the city. It is known to be one of the prime residential areas. This has the residence of famous celebrities like Actor Rajinikanth and politicians like Chief Minister J Jayalalithaa. This place stands next to the boat club in terms of high end localities.
1. Boat Club
The Boat Club area in Alwarpet is one of the most expensive residential 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 commercialisation. It is purely known for its residential structures. We can also spot luxury and ultra-luxury real estate. The area has the best of the city’s restaurants, shopping spots and a cosmo crowd which attracts people to make an investment in this posh area.
Chennai is definitely a great place to live, and living in one of the areas mentioned above is the icing on the cake. If you think we missed out on any area, do share it with us in the comments below.