Why Mylapore and R.A. Puram are the best places for real estate investments in Chennai?

Chennai is quickly expanding to suit its growing population, given the large number of individuals relocating to the city’s affluent suburbs.

Even though property in these freshly developed regions is available, the bulk of Chennai residents has their sights set on the city’s core. Mylapore, in the city’s heart, is the most sought-after neighborhood, closely followed by Raja Annamalai Puram (R.A. Puram). Here’s what makes them unique.

Price Trends

Mylapore is a 2000-year-old neighborhood with some of the city’s oldest structures. Despite its reputation for traditional residences, landowners are dismantling ancient structures and replacing them with modern ones. Many landlords are partnering with builders to create additional flats at a significant profit. Mylapore is one of Chennai’s most costly neighborhoods, with high-end apartments costing anything from INR 11,900 to 15,500 per square foot. Although Mylapore still has congested roads and ancient buildings, it continues to be in great demand in Chennai’s real estate market. Because of its central location and social infrastructure, this is the case.The enormous palaces and opulent apartments of R.A. Puram are well-known. In R.A. Puram, a luxurious apartment might cost anything from INR 18,000 to 25,000 per square foot. The majority of flats in R.A. Puram have three bedrooms. Independent residences and resale units are in great demand. Because it is a premium neighborhood with limited acreage, property in R.A. Puram is in high demand. This has prompted some of the city’s wealthier residents to invest in the city’s existing flats and villas.

Connectivity

Mylapore and R.A. Puram are both conveniently located in the heart of the city, with train and road connectivity. Mylapore is connected to the rest of the city by MTC buses and the Thirumayilai Mass Rapid Transit System (MRTS), which runs between Chennai Beach and Velachery in the north and south, respectively. It contains several major roads, including Kutchery Road, Luz Church Road, Santhome High Road, TTK Salai, and Dr. Radha Krishnan Salai, which channel most of the traffic from Mylapore’s residential sections and connect it to other parts of the city. MTC buses and MRTS stations at Greenways Road (R.A. Puram) and the adjacent suburbs of Kotturpuram and Mandaveli make R.A. Puram accessible.

Social Amenities

The retail malls and marketplaces in Mylapore and R.A. Puram are well-known. People rush to Mylapore’s small market alleyways, especially on weekends, in search of inexpensive clothing, jewelry, and food. Traditional Tamilians like it because it has an old-world charm. R.A. Puram attracts a youthful and rich clientele who go to its shops and shopping centers. In recent years, the neighborhood has seen a proliferation of taverns and designer boutiques, raising its real estate value.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.