A Locality with Some Excellent Luxury Apartments in Chennai
To someone keen to own luxury apartments in Chennai but who may not necessarily have the funds required to be able to afford a home at such a prime location, there is an alternative and it is known as Adyar. Located in the southern part of Chennai, Adyar is rapidly evolving as a prime real estate destination. Though considered a post locality, it is less expensive than many of the surrounding regions which today make Adyar an attractive location for the upper middle class segments of society to buy a home.
Another advantage among many the locality has is a close proximity to a nearly by IT park where a large number of multinationals have offices, this bodes well for Adyar as a location for upcoming residential projects in Chennai as employees working at the IT corridor nearby are very likely to prefer the locality as a residential destination. A close proximity to a large IT park also likely makes Adyar an excellent destination to for builders in Chennai who wish to construct developments in the region not only to build at a great location but also to eventually seek capital appreciation of the constructed development.
Although the region has a modest number of the luxury apartments in Chennai, in the future Adyar may become a much more premium and upscale locality as real estate in this micro market gains momentum and demand for property here from upper middle class buyers causes prices to rise and more closely match surrounding localities which have developments that undeniably qualify as high end real estate. Despite not being considered as a wholly exclusive and primarily a luxury market, Adyar would be considered a plush locality by the citizens of Chennai.
An individual house for sale in Chennai at Adyar would not quality as cheap virtually anywhere in the country, most such standalone properties at Adyar would cost upwards of 5 crores, however the locality has an excellent livability score and virtually all amenities ranging from schools and hospitals at Adyar are among the best in the city. Most such houses for sale in Chennai at Adyar tend to be large and easily qualify as excellent homes in a region of the city that is bristling with commerce and activity. Despite the relatively recent emergence of luxury apartments at Adyar, this micro market is no stranger to luxury and offers an enviable standard of living in Chennai.
The list of builders in Chennai that have properties at Adyar may well include the who’s who of the real estate developers in Chennai, most developments at Adyar, in keeping with the prestige of the locality are high end and most units here are priced well above 2 crores and many are priced much higher as well. Flats for sale in Chennai at the locality can be expected to have the usual bells and whistles which the modern homebuyer has come to expect from most modern developments, whereas once a swimming pool was considered a sufficient mark of luxury, today some new projects in Chennai at Adyar offer amenities which may have once seemed more suitable at a country club.
