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Top 10 Preferred Localities of Chennai.Pdf Top 10 Localities | Chennai Magicbricks Prime Demand Drivers Top Localities Avg. QoQ YoY Metro connectivity driving demand in central and Top Locality Rank Price Change Change peripheral areas Old Mahabalipuram Road 1 5,050 0.7% 5% GST 2 4,150 1.6% 6% Chennai is witnessing healthy real estate activity attracting end user demand, backed by big infrastructure projects like rail Central Chennai 3 14,100 6.9% -3% overbridge at Kolathur-Villivakkam LC1, phase 2 metro expansion. Ambattur 4 5,450 1.0% 3% Porur 5 5,550 0.5% -4% According to PropIndex research, Central Chennai, Old Arcot Road 6 8,150 -5.4% -2% Mahabalipuram Road (OMR), Porur, Ambattur, GST, Anna Nagar, Velachery 7 6,650 4.8% 8% Arcot Road, Kolathur-Perambur, Velachery, and East Coast Road are Kolathur-Perambur 8 5,700 -1.5% 16% the top 10 most searched localities in Jan-Mar 2020. Anna Nagar 9 11,000 1.4% -2% For more information on localities in Chennai, please visit: East Coast Road 10 7,850 0.2% 3% https://www.magicbricks.com/localities-in-chennai Note: Represents average locality prices in INR psf, with changes in prices in the Jan-Mar 2020 quarter and last one year Source: Magicbricks Research Magicbricks Research Analysis Central Chennai | INR 6,200 - 20,700 per sq ft. Old Mahabalipuram Road | INR 3,200-8,850 per sq ft. Established residential area located between Coovum River and Adyar OMR (State Highway 49A or Rajiv Gandhi Salai) is a major road River. Areas like Nungambakkam, Vadapalani, Mamblam, Saidapet, connecting Chennai with Mahabalipuram. This is a 45km stretch that Mylapore form its boundary. Multi-story apartments and independent runs parallel to East Coast Road (ECR), and localities like houses attracting many upper-class home buyers. Thiruvanmiyur, Neelankarai and Palavakkam with the city centre Demand Drivers - Proximity to IT tech parks like Tidal Park, Chennai Demand Drivers – Smooth connectivity with other parts of Chennai, One Park and Industrial estate like Ambattur, prominent educational upcoming phase 2 metro, elevated road connecting Sholinganallur, institutions and hospitals like Presidency College, Apollo Hospital Kelambakkam with Tambaram, proximity to employment hubs Key Developers | Eeshani Builders, VGN Property Developers Key Developers | Incor Infrastructure, Nahar Group, KGS Developers Ambattur Arcot Road East Coast Road Kolathur-Perambur Porur Null Anna Nagar Central Chennai GST OMR Velachery Porur Tambaram GST- Perangalthur-Chengalpattu Old Mahabalipuram Road © OpenStreetMap contributors Note: Above map highlights the top 10 localities of the city, with the size of the bubble depicting demand (consumer preference) for properties in the localities on Magicbricks website in Jan-Mar 2020 Source: Magicbricks Research © magicbricks.com Page 1 Top 10 Localities | Chennai Magicbricks Porur | INR 3,800 - 7,250 per sq ft. Ambattur | INR 3,000 - 7,700 per sq ft. Situated in the west region of Chennai, Porur is a well-developed Ambattur is situated in north west part of Chennai. It is a fast residential neighborhood. It is located on the Mount Poonamallee developing residential and industrial locality. It is an ancillary hub, Road, which links to the Chennai-Bangalore Highway.It is home for housing many small-scale industries like TVS, Britannia, etc. Annapur, Ramachandra Medical College. Krishnapuram, Orgadam, Karukku are other areas in this locality Demand Drivers - Well developed social and retail infra, proximity to Demand Drivers - Ambattur Industrial area, proximity to IT tech hubs, employment hubs, and excellent connectivity to other parts of upcoming phase 2 metro which will pass through Ambattur with a Chennai proposed metro station at Ambattur bus terminal Key Developers | M and N Builder, Rajkam Builders, Lakshmi Builders Key Developers | GP Homesd, Casagrand Builders GST | INR 3,050 - 5,200 per sq ft. Anna Nagar | INR 5,100 - 14,900 per sq ft. GST road starts at Cooum Creek and ends at Kathipara Junction. Situated in the north west Chennai, Anna Nagar is a well-laid locality. Guduvancheri, Urapakkam, Perungalathur, Vandalur, Potheri, Its a posh area with proximity to other prominent localities like Mahindra World City, and Chengalpet are the prominent localities Villivakkam, Padi, Shenoy Nagar and Kilpauk along the GST Demand Drivers - Offers good connectivity by road and railways, Demand Drivers - Close to employment hubs, excellent social infrastructure and amenities famous healthcare centers and educational institutions Key Developers | Marutham Group, Green Valley Shelters Pvt Ltd, Key Developers | Casagrand Builder, Marutham Group, Lancor India Builders Holdings Kolathur-Perambur | INR 4,300 - 7,900 per sq ft. Velachery | INR 4,000 - 9,050 per sq ft. Kolathur-Perambur are the residential localities in the north region of Velachery is a fast-growing residential as well as commercial Chennai. Kodungaiyur, Sembium, TVK Nagar, Villivakkam, Manali, neighborhood in southern Chennai. The locality also consists of areas Vepery are other prominent localities in this region. like Adambakkam , Ask Nagar , Madipakkam , Kuilkuppam , and Santhi Nagar Demand Drivers - Proximity to prominent academic institutions, Demand Drivers - Proximity to employment hubs, good social and upcoming phase II metro to pass through Perambur retail infrastructure, upcoming metro expansion connecting Velachery Key Developers | Arihant Foundations, SRP Group, RS Constructions Key Developers | Shrusti Developers, Tuliv GK Shetty,and South India Shelters Arcot Road| INR 4,900 - 11,850 per sq ft East Coast Road (ECR) | INR 4,150 - 13,500 per sq ft. Arcot Road, also known as SH 113 or NS Krinshnan Salai, is a 12km East Coast Road (State Highway 49) is built along the coast of Bay of road that connects Nungambakkam with Porur. It is a well-established Bengal, connecting Chennai with Kanyakumari via Pondicherry, and micro market comprising many ready to move in projects. has a total length about 800km. It covers major tourist attractions like Tiger Cave, Dakshinachitra, and Muttukadu Boat House. Demand Drivers - Excellent road and rail connectivity, close to major Demand Drivers - Proximity to airport, employment hubs and industrial estates industrial areas, provides excellent connectivity Key Developers | Appaswamy Real Estates, Jain Housing and Key Developers | Color Homes Developers, Olympia Merlin Construction Ltd, JKB Housing Developers, Casagrand Builder For more information on localities in Chennai, please visit: https://www.magicbricks.com/localities-in-chennai For more information and research related queries, please contact: Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Kavya N. | Research Analyst [email protected] [email protected] [email protected] Disclaimer: The data represented above is compiled by MagicBricks from multiple sources. MagicBricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information and does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. © magicbricks.com Page 2.
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