Planning to embrace your dream home in Chennai in one of the grand gated communities in the city? Currently, millennials and corporate professionals are looking for posh areas in Chennai to relocate and embrace a dynamic lifestyle. Over the years, the city has been one of the largest employment hubs in the country. Residents appreciate its comfortable urban lifestyle, with a strong academic and healthcare infrastructure in the city.
Chennai also appeals to homeowners with plenty of greenery. Residents love the unique cuisine of Chennai, along with its great lifestyle. Moreover, the real estate industry in Chennai is rapidly growing, which offers the potential of earning impressive returns to investors. Naturally, you would like to invest in a Chennai posh area and maximize your ROI in the coming years.
To ease up your investment journey, we have curated the list of posh areas in Chennai in this guide. These localities are witnessing a steady rise in property value and promise sizable returns and rental income to the owners.
Check out Chennai richest areas where investors can buy splendid properties for personal use or commercial purposes.
Located in the southern part of Chennai, Adyar is one of the most prominent localities in the city. This is a large neighbourhood where you will come across numerous sub-localities like Gandhi Nagar, Nehru Nagar, Kasturibai Nagar, Shastri Nagar, Indira Nagar, and more. The railway stations at Kasthurba Nagar and Indira Nagar enable residents to get across to other parts of the city with ease. The Gandhinagar Shopping Centre is located in a close proximity to the area.
A number of established schools, banks, colleges, and hospitals are located around the locality. No wonder, Adyar has earned its place as one of the richest areas in Chennai with all sorts of facilities. Residents who prefer green environments would love to live in Adyar. The Adyar River flows through the locality, enhancing the living environment. Among the reputed academic institutions in the area, you have Anna University and IIT Madras.
Investors often consider Anna Nagar to be the richest area in Chennai. It comes with luxurious, well-planned, and premium residential areas. The civic infrastructure in this part of the city looks great. With well-connected places and internal roads, Anna Nagar appeals to homeowners as one of the best places in Chennai.
Some of the prominent localities in Chennai include Ayanavaran, Villivakkam, and Kilpauk. Residents love the bungalows, residential buildings, and bungalows in the area. Among the prominent landmarks around the locality, you have Anna Nagar East, Anna Nagar Tower, and Shenoy Nagar Metro Station. This ensures smooth connectivity to other parts of the city.
For shopping, residents can visit VR Chennai Mall, Vivah Mall, and 10 Square Mall. Residents looking for Chennai posh area often move to Anna Nagar. Reputed property developers have come up with a number of residential projects in this part of the city in recent years.
If you are on the lookout for the Chennai richest area to buy your property, check out Besant Nagar. Located in a close proximity to the Elliot Beach Coast and the Chennai River along the Bay of Bengal, this locality stands out with some excellent properties. The project is located close to Guindy, Adyar, and Velachery, some of the important places for the residents nearby.
Residents appreciate the beautiful beach-view roads and residential properties from top developers with all sorts of modern amenities. The Nandanam Metro Station lies 10 Km. away from the project, while you also have the Saidabad and Little Mount Metro Stations close by.
Also known as Kottur, Kotturpuram finds its name among the richest areas in Chennai. It is located to the south of Adyar River. Some of the prominent localities located around this place include Little Mount, Guindy, and Adyar. Thanks to the MRTS train station in close proximity, residents can seamlessly get across to other parts of the city. Other metro stations connecting the residents to important localities in Chennai include Guindy Metro Station, Teynampet Metro Station, and Nandaram Metro Station.
Residents in Kotturpuram can enjoy their visits to old temples and historical places. Moreover, the Anna University can be reached in a quick time from the properties in this area. The real estate market looks diverse, with lots of housing options for the residents. These include multi-storey apartments, builder floors, and independent houses. Reputed property developers have come up with a number of projects across different price categories in this area in recent years.
Considered as one of the best Chennai posh areas to relocate with your family, Mylapore appeals to investors and homeowners in large numbers. One of the most developed and oldest places in Chennai, Mylapore is strategically located close to prominent areas like Nungambakkam, T Nagar, and Alwarpet. The dense network of roadways ensures a seamless connectivity to these regions. The commercial zones are also located in a close range from the estate. The locality also has some of the oldest temples in Channai.
This area holds the past of Chennai’s involvement in the Indian independence movement. Some of the metro stations located close by include Thousand Light, LIC, and AG-DMS, which can be accessed in just 10 minutes from the homes here. Residents can quickly get across to some of the shopping malls and markets in the close proximity. These include S Mall, DR Shopping Mall, Ramee Mall, Century Plaza, Challa Mall, and Express Avenue.
The property market in this part of the city looks diverse. Investors can choose from several options, including low and medium-rise apartments.
Nungambakkam is one of the posh areas in Chennai, located in the western part of the city. This, too, is one of the oldest residential areas in the city. The typical European vintage culture defines the essence of the locality. It is strategically located in Chennai, and one can take the Panthenon Road or Poonamalle Highway to reach the core areas of the city.
The Tamil Nadu Industrial Investment Corporation lies at a distance of only 4.2 Km. from this locality. Besides, the local railway station lies in close proximity. Among the prominent shopping malls, residents can access the Bergamo Mall and Ispahani Centre from this area in a quick time.
For developers and property buyers, Nangambakkam has emerged as a prominent choice. The residential real estate market looks great, offering a wide range of options to property owners. One can choose from several choices of accommodation, including independent residences, apartments, low-rise buildings, and more.
While looking for Chennai richest area, you cannot possibly overlook R.A. Puram. Located on the northern bank of the Adyar River, it appeals to property owners with an enriched civic infrastructure. Some of the prominent localities around R.A. Puram include Kotturpuram, Adyar, and Mylapore.
This part of the city houses the famous BM Birla Planetarium. In recent years, real estate activities have picked up pace, with different types of accommodations available for the residents. The proximity to commercial zones like the Ramanujan IT Area makes it a great place for residents. Some of the railway stations in the close proximity include Greenways Road, Mandavelli, and Indira Nagar. Among the prominent shopping malls in the area, you have Malar Super Mart and S Mall. The locality also has a number of restaurants. With a cosmopolitan population, it boasts a strong residential real estate market.
The residential real estate markets look great, which comes with separate houses, along with mid to high-rise apartments.
Located in the southern part of Chennai, Thiruvanmiyur is a Chennai posh area attracting investors in large numbers. The beach in this part of the city is one of the largest public attractions of Chennai. Some of the other prominent localities around this area include Perungudi, Madipakkam, Taramani, and Indira Nagar. For residents, a number of entertainment zones and shopping malls are located in a close proximity. These include the Phoenix Marketcity and Krishna Shopping Mall.
Property prices in this locality have been higher than average in the city. It continues to be the home for aristocrats and those with a refined taste in housing.
Investors and homeowners looking for posh areas in Chennai to live often go for Teynampet. It is located centrally in Chennai, it has several luxury projects and businesses. One of the sub-societies in the area, Poes Garden, is a favourite destination for many film stars, politicians, and cricketers. One can reach other parts of the city through Nandanam Metro Station and the Teynampet Metro Station.
For shopping, residents can get across to the popular malls including Ramee Mall, Century Plaza, Challa Mall, and BBag Mall. The strong connectivity in the area ensures a seamless reach to these areas. A number of established academic institutions and healthcare centres are located close by. Besides, the city has significantly grown at a rapid pace, but it still preserves its past glory and serenity. You would love the essence of colonial vintage in this area, and real estate prices are quickly soaring here. Not many new projects have been developed in this locality, which makes it a great place for those who love the colonial hangover.
One of the busiest residential zones located in the western part of Chennai, Vadapalani finds its name among the richest areas in Chennai. It is well-connected to other parts of the city like T Nagar and KK Nagar. Thanks to its central location, residents in Vadapalani can seamlessly get across to the Chennai International Airport. The proximity to the airport drives prices in the real estate market in the city.
Besides, residents can get across to other parts of Chennai through the Vadapalani Subway Station. A number of shopping malls are located in a close proximity, including the Acer Mall, D Square, and Forum Mall.
The real estate market in this part of the city looks great. Property options are diverse, ranging from independent houses, apartments, and builder floors.
Boat Club is considered by many investors as one of the posh areas in Chennai. What residents love about this locality is the serene environment with spacious homes from top developers. On the other side of the locality, the Adyar River flows away. The strong connectivity in the area ensures rapid transit to the commercial areas in Chennai. Since the scope of commercialization in Boat Club is limited, it continues to be a preferred hub for residents.
The real estate market looks great, and residents can access various amenities in these properties. The proximity to Madras Boat Club drives the property prices in this area. The BM Birla Planetarium lies just 4 Km. from the area. The MRTS Trains, bus stands, and several prominent schools and hospitals are located in a close range of the locality.
One of the richest areas in Chennai, Poes Garden is the home to many celebrities and industrialists. The famous Rajnikanth House is located in this area. It is a part of Teynampet, from where residents can easily get across to other parts of Mumbai. Important thoroughfares connecting this place to other areas in Chennai include Anna Salai, KB Dasan Road, and Great Southern Trunk Road.
Residents in Poes Garden can seamlessly get across to the commercial zones and places of interest in Chennai through the Teynampet Metro Station. Many reputed hotels and restaurants are located in a close range of the area.
If you are looking for one of the Chennai richest areas to relocate with your family, check out Gopalapuram. The availability of all sorts of social amenities in this locality makes it a great place to reside. Some of the celebrities and famous personalities have their homes in Gopalapuram.
Important landmarks in this part of the city include the DLF IT SEZ, Arya Samaj Hospital, International Tech Park and Express Avenue. Thanks to the dense network of roads, one can also get across to Spencer Plaza Mall, Loyola College, and IIT in a quick time. The international airport in Chennai lies at a distance of 17 Km. from the area.
Close to Gopalapuram, some of the prominent localities include Royapettah, Mylapore, and Nungambakkam. In Gopalapuraam, property prices range between INR 3.4 crore to INR 3.6 crore. Rental properties in this part of the city are available between INR 50,000 and INR 90,000 per month.
Investors willing to buy a property in one of the posh areas in Chennai should check out Royapettah. This part of the city stands out with a balanced development on both residential and commercial fronts. Close to the locality, you have some famous academic institutions like the University of Madras and IIT Madras. Other prominent landmarks around this complex include Express Avenue, Chepuk Railway Station, DLF IT Park, and more.
In this part of the city, property prices per square foot range from INR 7,900 to INR 13,200. Rental properties are available between INR 10,000 and INR 15,000 per month.
When you look out for the richest area in Chennai, check out properties on East Coast Road. Officially, it is known as the Mutthamizh Arignar Kalignar Road. The East Coast Road includes several important thoroughfares in Chennai, including SH-49, NH-32, and NH-332A. The ECR is the area connecting Chennai to Kanyakumari. Besides being a great place for residents to live, it also happens to be a great tourist attraction. Some of the places of interest around the ECR include Tiger Cove, Muttukadu Boat House, and Dakshinachitra. A number of popular places of entertainment and shopping malls are located in a close proximity. The easy reach to reputed schools and hospitals makes it a great place for residents.
Commercial areas, including IT parks, can be reached seamlessly from these homes. Some of these include Futura Tech Park, One IT Park, Chennai, Tidal Park, Chennai One Software Park, and Bahawan IT Park. Both multi-storey homes and residential houses are available for sale in this locality. The average property price per square foot is around INR 7,078 for multi-storey apartments, while it is around INR 9,005 for residential houses.
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Locality
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Price Range of Multistorey Apartment (Rs./Sq-ft)
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Adyar
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9,542 - 15,951
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Anna Nagar
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8,179 - 12,319
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Besant Nagar
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11,148 - 17,203
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Kotturpuram
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10,079 - 19,020
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Mylapore
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9,641 - 16,499
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Nungambakkam
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9,154 - 14,934
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R.A Puram
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11,686 - 18,871
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Teynampet
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13,619 - 22,015
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Thiruvanmiyur
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7,922 - 12,875
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Vadapalani
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7,110 - 11,556
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Locality
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Approximate Price Range of Land (INR/sq. ft)
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Adyar
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3,583 - 27,068
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Anna Nagar
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500 - 26,000
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Besant Nagar
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19,879 - 24,375
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Kotturpuram
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25,000 - 27,777
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Mylapore
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29,167
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Nungambakkam
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2,600 - 30,556
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RA Puram
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14,286 - 34,722
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Teynampet
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22,000 - 38,000
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Thiruvanmiyur
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975 - 20,000
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Vadapalani
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9,259 - 27,083
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Conclusion
Now that you are aware of the most posh areas in Chennai, you can decide where to invest depending on your preferences. Whether you want to invest in these properties for personal use or want to put the properties on rent, the returns will be impressive.
Consider reaching out to one of the reputed real estate brokers for a comprehensive guidance during the buying process. The experts can assist you in choosing the right locality, based on your lifestyle and preferences.
We have covered all the Chennai posh areas in this guide to help you embrace a gratifying lifestyle. The city promises a dynamic way of living to homeowners investing in these areas.
