What’s luxury for others is a need for a select few. It’s for the truly deserving who share a discernible taste for the good things in life. With a booming economy, the city of Chennai has been witnessing an increased demand for luxury homes. The affluence factor is rising in Chennai and upper middle class, HNIs (High Net-Worth Individuals) and Ultra High Net-Worth Individuals (UHNIs) are demanding the best homes that money can buy. Naturally, a wide variety of luxury projects has been launched in Chennai to keep up with the rising demand.
If you are looking for the best area to buy a luxury home in Chennai, you will have multiple options to choose from. Some of the top destinations for luxury homes in Chennai include OMR (Old Mahabalipuram Road), Egmore, Nungambakkam, RA Puram, Poes Garden, T.Nagar, Mylapore, Adyar, Boat Club Road, Rutland Gate, Alwarpet, Kotturpuram, Bishop Garden, Perumbur, and Madhavaram.
The choice for the best area to buy a luxury home in Chennai will depend on how you define luxury and what it means to you. There are some must-have things such as swimming pool, gym, indoor games, mini theatre, children’s play area, coffee shop, multipurpose hall, etc. However, beyond this, the definition of luxury will depend on your specific needs and requirements. For example, the definition will change if you are looking for a lake-view luxury home in Chennai as opposed to when you want a sea-facing luxury home in Chennai. The definition will also change based on your choice of premium amenities, which may include concierge services, branded food and beverage services, in-house spa services, etc.
There are many other things to consider before you would be able to finalize the best area to buy a luxury home in Chennai. To begin with, you will have to consider the developer’s reputation. You may have liked a particular area and shortlisted a project, but it would be a waste if there are delays in project completion, handover, or quality. You need to choose a reputed developer who can guarantee timely project completion and delivery with all the promised amenities and services.
Another thing to consider is your purpose of buying a luxury home in Chennai. Are you planning to live in the luxury home or is it purely from an investment perspective? Some luxury projects are more suited for living whereas others may offer more value in terms of return on investment. For example, if the luxury home is near to a commercial hub, you can secure the best possible rent for the property as well as above average appreciation.
You may also want to consider the level of customization being offered by the developer. Customization is a reflection of your individual tastes and preference and it’s an essential component of luxury living. Some developers will offer limited customization, whereas others may offer a dedicated design team that will help you in extensive customization. In the latter case, you will have the freedom to choose or alter each and every aspect of your luxury home.
The best area to buy a luxury home in Chennai can be about the location as well. Some addresses are considered prestigious, something that could be one of the primary reasons for choosing a specific luxury project. You may want to know who your neighbors are and whether or not they share a matching lifestyle. You may also be looking at strengthening your social connections, in which case, it would help if you share the space with high-profile people such as doctors, lawyers, politicians, bureaucrats, etc.
There are many choices for luxury homes in Chennai. You may come across various recommendations, but remember that what has worked for others, need not necessarily work for you. To choose the best area to buy a luxury home in Chennai, you will have to evaluate your specific needs and requirements and make the decision accordingly.