With Chennai Real estate market booming at a faster pace, the luxury segment properties are also gaining much traction among homebuyers. There are many localities which are offering a plethora of luxury housing options within the range 1 to 1.5 cr. Take a look at some of the top localities where a homebuyer can invest in luxury Housing in Chennai:
Located to the west of the Jawaharlal Nehru Road, Mogappair is also popularly known as Dr. J J Nagar. It is a fast-developing residential locality which falls on SH112 between Ambattur and Anna Nagar. The area enjoys smooth connectivity to other surrounding areas via rail and road network. One can easily commute via local buses, metro stations of Thirumangalam and Koyambedu and suburban railway.
Mogappair is home to well-developed infrastructures like renowned schools, hospitals, and IT parks. Due to this, the demand for luxury homes has increased here in recent years. The average property price here is Rs 6,105 per sqft. One can easily get a 2 or 3 BHK configuration home in different sizes. Some of the listed luxury housing projects here include Arihant Esta The One, Brigade Xanadu, Jains Sukriti, etc.
Another thriving residential locality, Sholinganallur is famous among luxury homebuyers due to its proximity to various popular and leading IT parks and suburbs such as Siruseri, Perungudi, and Taramani. Recently, the state government has also given its nod to the Chennai metro phase-2 project, which will pass on from this locality attracting further investments. Sholinganallur is well connected via roadways as it lies on a junction between ECR, Mamallapuram, Tambaram, and Adyar. One can also commute via state-run buses easily.
The area is home to various leading IT companies and MNCs such as Wipro, Infosys, TCS, Paypal, eBay, HCL, Cognizant, Accenture India, etc. At present, the average property rate here is 5,035 per sqft. Some of the premium housing projects in Sholinganallur are Casagrand Amethyst, Baashyaam Pinnacle Crest, Sobha Palacia, etc.
Another locality offering a plethora of luxury housing option is Velachery. It has seen tremendous growth in recent times due to the influx of IT professionals and other business houses. It is well-connected to OMR, GST Road and other central business districts of the city. Velachery enjoys connectivity to other parts of the city via a thriving rail, road, and air network. The Chennai international airport is just 8-10 km from the locality. While the nearest railway station is of Velachery only, the state government has also proposed Monorail connectivity in future.
The locality is home to many leading schools like DAV Public School, Akshayah Matriculation higher secondary school, 5-start hotels like Westin, ITC, Park Hyatt; hospitals, entertainment centers, etc.
The average property price here is Rs 7,348 per sqft. Some of the leading luxury projects here are Amace Ananthroop, DRA Tuxedo, S and S Sarvam, Tulive Urbanville, etc.
Located between Sholinganalur and Kelambakkam, Navalur has emerged as a residential hub due to the coming up of many IT companies in recent times. Because of good employment generation, sound infrastructure and proximity to serene beaches, the locality is favoured by many luxury class homebuyers. The area is home to many leading schools and shopping centers with the presence of domestic as well as international brands.
At present, the average property price of an apartment with a spacious size and configuration is Rs 5222 per sqft. Emami Tejomaya, Olympia Opaline are some of the popular luxury projects in Navalur.