Some of Chennai’s most premium residential zones
If you were looking for a luxury villa in Chennai or other luxury Chennai property for sale, you should certainly take heart since the city’s luxury housing market has picked up hugely over the years.
More and more affluent individuals are willing to pay huge sums to snap up preferred property options in some of the poshest locations in the city. Some of the most expensive addresses in Chennai are home to leading politicians, film stars and business tycoons. Over the last five to six years, property values and land values have almost doubled in some of these posh locations. Areas like Rutland Gate in Nungambakkam, Boat Club Road and Poes Garden are the most coveted residential destinations in the city.
As per estimates, land values have doubled or nearly tripled in most of these areas over the last five to six years. If you wish to pay dollar values for a villa in Chennai, Boat Club Road is the place to be! Home to some of the city’s wealthiest and most powerful individuals, this is one boulevard where it is common to spot cars like Porsches, Rolls Royces, Audis, Jaguars and Lamborghinis moving around randomly! The economic downturn globally has failed to dampen enthusiasm for luxury property in Chennai amongst the super rich. Several expats have also been looking to snap up luxury Chennai property for sale and Boat Club Road is a preferred location in this case as well. The area is home to some of the leading businessmen in the city including Shyam Kothari who is Mukesh Ambani’s brother in law, N Srinivasan of India Cements, Venu Srinivasan of TVS Motors and Kalanithi Maran of Sun TV among others. Families of major business conglomerates like MRF, TTK and Murugappa also stay here.
Poes Garden is home to the Chief Minister and superstar Rajinikanth among other famous individuals. This is another preferred destination when it comes to buying a villa in Chennai. Even Nungambakkam has become a hotbed of luxury housing in recent times with locations like Rutland Gate Road witnessing huge appreciation in values. Several big brands have also moved to this location in order to create a niche image for themselves in the city’s retail arena. One of the hottest options when it comes to luxury Chennai property for sale is VGN Presidency which offers 3 BHK apartments to buyers that are priced at INR 6.23 crore each as on September 2016. Major attractions at this project include PNG, gymnasium, swimming pool, spa, mini theatre, conference room, treated water supply, power backup, high speed elevators, indoor games, club house and party hall among others.
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