Luxury homes cost look up in Chennai
Luxury is a relative term. While location of the project defines luxury for some, it is the amenities offered by a developer that draws other. However, budget is also a prime differentiator. For someone a home worth a crore is a luxury while others are willing to spend as much as Rs 5 crore to get their dream home. Chennai, offers a good mix of luxury projects which suit the budget requirements of a wide and active customer base.
Here is a brief overview of what you can expect within different budget ranges.
Luxury within Rs 1.5-2 crore:
For those seeking luxury apartments in Chennai, Thiruvanmiyur seems to be a good bet. As per data with Magicbricks.com, the location has a healthy supply of multi-storey apartments in the range of Rs 1.5-2 crore with nearly 4 out of every 10 luxury properties within this budget.
Projects at Thiruvanmiyur cater to both 2 and 3 BHK buyers. While these projects offer facilities such as reserved parking, vaastu compliance, modular kitchens, 24 hours water supply and all other basic facilities, the location itself commands a premium. Availability of semi-furnished and physical infrastructure, easy approachability to the IT corridor make it a preferred residential choice for many.
Another location that offers projects in the range of Rs 1.5-2 crore is Anna nagar. The location also has a good supply of apartments in this range.
If you are one of those who are persistent about space in their homes, then villas might suit you better. Padur and OMR have a huge supply of projects that offers villas in the range of Rs 1.5-2 crore, as per data with Magicbricks.com
In fact, Padur is located at the far end of OMR. The easy availability of land parcels at lower cost in various locations along the OMR makes it more viable for developers to offer villas. Thus, inventing in a luxury property in this area might be a good option if you are looking for a villa in the budget of Rs 1.5-2 crore.
Have a budget of Rs 2-5 crore:
If you can expand your budget to Rs 2-5 crore, one can get access to homes with air-conditioners, smart homes that may be accessed or controlled through smart phones, homes that offer club houses with spa, swimming pools, gymnasiums, etc.
For instance, Adyar is a classic example that offers apartments priced around Rs 3 crore and above, sized from 2,000-4,000 sq ft. Both 3 and 4 BHK units along with duplexes are available within a budget of Rs 2-5 crore.
Other locations you might want to consider for premium homes are T nagar and Alwarpet. However, due to limited land availability, most of the projects are re-sale properties and are available for around Rs 3-5 crore. 2, 3 and 4 BHK apartments having a size of 1700-2800 sq ft are available.
ECR (East Coast Road) offers a plethora of options to those looking for villas in the range of Rs 2-5 crore. Several locations such as Akkarai, Uthandi and Kovalam along the ECR have luxury villa projects coming up. These real estate projects offer spacious ultra luxury homes having an area ranging from 2,000-5,000 sq ft.
Homes for Rs 5 crore and above:
If you are looking for a newly-constructed property, again the ECR offers plenty of options to choose from. Facilities such as covered parking or the choice of two parking per apartment, spacious bathrooms in each of the bedrooms, and fully furnished homes with mood lighting scintillate one's senses.
For those looking to stay closer to the city but not willing to compromise on luxury, Adyar and R A Puram may be a better choice. However, due to high demand and limited supply, prices for villas begin at Rs 5 crore and go as high as Rs 10 crore and beyond. There 4, 5 and 6 BHK homes on offer that have area of 3,000-6,000 sq ft.
Multi-storey buildings, which offer apartments, are also coming up at these locations. One may come across several re-developed properties. These properties offer facilities which a luxury home should provide and are priced generally in the range of Rs 2-3 crore.