Chennai:
Poes Garden and Boat Club Road in Chennai are among the 20 preferred
upmarket residential hotspots in the top seven cities of India,
according to a study by Jones Lang LaSalle.
The study says that elite home buyers prefer to have their nest in
these localities as they house the Who’s Who of the City.
The study states that Poes Garden, which is the residence of Chief
Minister J Jayalalithaa and Tamil actor Rajnikanth, is one of the
cleanest patches of Chennai and is a VIP area.
“Poes garden is a VIP area where many top notch business tycoons and
politicians live besides teh area has adequate general and social
infrastructure, the study states.
The propert rates in Poes Garden range between Rs 33,000 to rs 35,000
per square feet, JLL study states.
Interestingly, the study also states that Boat Club Road, a calm
locality located away from the hustle and bustle of city is also a
preferred uparket residential hotspot.
“Homes here carry an affluence tag. With residential prices touching
rs 27,000 per square feet, Boat Club Road spreads across two square
kilometre in South Chennai and is certainly the most aspired pincode,
leaving even Poes Garden behind,” the study states.
The study also states that the southern neighbourhoods of India’s
primary cities have always been the poshest and most desirable
locations for elite home buyers. This phenomenon still continues,
however, over the time, other areas are competing with these legacy
locations and attracting younger noveau riche.
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