Top 5 Areas in
Chennai that tick all the right luxury boxes
Chennai used to be
considered a city of old money. Where inherited wealth was commonplace and
self-made millionaires, a one-off statistic talked about over drinks at the
Boat Club. Today, Chennai has evolved into a favoured destination for the
wealthy with all its residential hotspots. A place where start-up founders rub shoulders with
venture capitalists and industrialists, this new breed of luxury investors does
not shy away from committing substantial sums of money for new real estate projects in Chennai. And leading
builders in Chennai, for the most part, and
the businesses that form part of their ecosystem are happy to oblige.
Certain parts of the city
have become hotspots for
luxury properties in Chennai.
Here are the top 5:
Known as the home of the
Madras Boat Club, this purely residential area faces one side of the Adyar
River and is renowned as the home of VIPs. With some of the city's best
restaurants and shopping destinations, Alwarpet
real estate attracts an upmarket
audience which is evident from the many luxury and ultra-luxury properties in
East Coast Road
Known locally (and
popularly) as ECR, this area faces the Bay of Bengal and has seen a spurt of
development in the past few years. These
luxury flats in Chennai
range from posh sea-facing bungalows, beach houses and resorts. To many, this
area offers a perfect blend of luxury and serenity, and many homebuyers do
consider homes here as a means to unwind.
One of the oldest
residential areas in Chennai, Nungambakkam is home to many educational
institutions, commercial hubs, world-class hotels and government offices. As a
part of the Central Business District in Chennai, the area has gradually
evolved to become one of the top localities to live in.
A product of Chennai's explosive growth in recent years, OMR or Old Mahabalipuram Road is one of the most well-known suburban areas in the city. Home to many IT companies and Tech Parks, OMR real estate has seen a spurt in new residential properties as developers try to cater to the demand for luxury housing.
An area that's developed
around the banks of the Adyar River, this locality is a wonderful mix of
commercial properties & residential projects. With easy access to the beach
and top-notch food and entertainment options, it’s no wonder that prices for
new projects are quite high.