prasad1
Active member
Chennai
For those who are prepared to shell out the big bucks, the real estate market in Chennai has some gems to offer.
Luxury may have different definitions for different people but when someone talks about buying luxury property, there are specific premium amenities which buyers look for. Chennai, often referred to as India's health capital, attracts NRIs and buyers with deep pockets who seek the best in terms of luxury.
What buyers feel about luxury?
Sarith Sagar, a Chennaiite, who is currently living in Delhi feel that luxury entails of premium services not just within the house but in the neighbourhood as well. "I have a house in a premium locality in Anna Nagar. For me, luxury means open space, uninterrupted water and electricity supply and a well-connected neighbourhood. If I buy a luxury home, I expect a neighbourhood with people that are well-known and well respected in the community," he says.
Localities for luxury homes
Egmore
It is a premium residential area as well as a commercial and transportation hub. The area comprises of developed social infrastructure like leading schools, hospitals, shopping complexes, international hotels and entertainment centres. Apartments are priced within Rs 12,500-18,000 per sq ft in this locality. The most common property type is flats followed by houses and villas. A 3BHK premium segment apartment will cost you Rs 1.60-5 crore depending upon the location, the size of which may vary from 1500 to 3000 sq ft.
Nungambakkam
This area is surrounded by localities such as Aminjikarai, Chetpet, Egmore, Kodambakkam, Thyagaraya Nagar and Teynampet. The social infrastructure consists of schools, colleges, banks, restaurants, cultural hubs and shopping malls. It is also an important part of the Central Business District (CBD). The area is a popular destination among the city's well-heeled people. The key premium residential areas are Wallace Gardens, Kader Nawaz Khan Road and Kothari Road. Apartments are priced in the range of Rs 9,700-17,000 per sq ft and higher depending upon the property type, amenities and location. A 3BHK flat will cost you Rs 1.40 to 3 crore and above. You can also find many options for residential bungalows and villas in this locality.
R A Puram
This is one of the most-developed residential locations in central Chennai. If one is looking for a well-connected and up-market yet calm area then RA Puram is the perfect option. Situated around developed localities such as Adyar, Alwarpet, Abhiramapuram and Mylapore, this area has carved a niche for itself amongst the elite and top level professionals in the city. The price range for apartments is within Rs 12,200-18,700 per sq ft which may be higher depending upon a property and advantages it offers. A 3BHK premium apartment may cost you around Rs 2-4.5 crore depending upon the property and size.
Make a wise decision
Chennai has a couple of more options for buyers seeking ultra-modern houses with world-class facilities. The city has gained popularity for luxurious homes owing to NRIs' demand for the same level of luxury as they enjoy in foreign countries. So, when you decide to buy a luxury home, it is advisable to make a list of amenities and comparing it with projects and localities across the city before taking the final decision.
http://content.magicbricks.com/indu...edium=referral&utm_campaign=toi-mb-whitelabel
For those who are prepared to shell out the big bucks, the real estate market in Chennai has some gems to offer.
Luxury may have different definitions for different people but when someone talks about buying luxury property, there are specific premium amenities which buyers look for. Chennai, often referred to as India's health capital, attracts NRIs and buyers with deep pockets who seek the best in terms of luxury.
What buyers feel about luxury?
Sarith Sagar, a Chennaiite, who is currently living in Delhi feel that luxury entails of premium services not just within the house but in the neighbourhood as well. "I have a house in a premium locality in Anna Nagar. For me, luxury means open space, uninterrupted water and electricity supply and a well-connected neighbourhood. If I buy a luxury home, I expect a neighbourhood with people that are well-known and well respected in the community," he says.
Localities for luxury homes
Egmore
It is a premium residential area as well as a commercial and transportation hub. The area comprises of developed social infrastructure like leading schools, hospitals, shopping complexes, international hotels and entertainment centres. Apartments are priced within Rs 12,500-18,000 per sq ft in this locality. The most common property type is flats followed by houses and villas. A 3BHK premium segment apartment will cost you Rs 1.60-5 crore depending upon the location, the size of which may vary from 1500 to 3000 sq ft.
Nungambakkam
This area is surrounded by localities such as Aminjikarai, Chetpet, Egmore, Kodambakkam, Thyagaraya Nagar and Teynampet. The social infrastructure consists of schools, colleges, banks, restaurants, cultural hubs and shopping malls. It is also an important part of the Central Business District (CBD). The area is a popular destination among the city's well-heeled people. The key premium residential areas are Wallace Gardens, Kader Nawaz Khan Road and Kothari Road. Apartments are priced in the range of Rs 9,700-17,000 per sq ft and higher depending upon the property type, amenities and location. A 3BHK flat will cost you Rs 1.40 to 3 crore and above. You can also find many options for residential bungalows and villas in this locality.
R A Puram
This is one of the most-developed residential locations in central Chennai. If one is looking for a well-connected and up-market yet calm area then RA Puram is the perfect option. Situated around developed localities such as Adyar, Alwarpet, Abhiramapuram and Mylapore, this area has carved a niche for itself amongst the elite and top level professionals in the city. The price range for apartments is within Rs 12,200-18,700 per sq ft which may be higher depending upon a property and advantages it offers. A 3BHK premium apartment may cost you around Rs 2-4.5 crore depending upon the property and size.
Make a wise decision
Chennai has a couple of more options for buyers seeking ultra-modern houses with world-class facilities. The city has gained popularity for luxurious homes owing to NRIs' demand for the same level of luxury as they enjoy in foreign countries. So, when you decide to buy a luxury home, it is advisable to make a list of amenities and comparing it with projects and localities across the city before taking the final decision.
http://content.magicbricks.com/indu...edium=referral&utm_campaign=toi-mb-whitelabel
