Chennai’s real estate market has remained strong through all the financial turmoil in the last year. Housing sales increased during the second half of 2019 putting Chennai right on top as one of the star performers in the real estate sector along with Bengaluru and Hyderabad.
Chennai appears to be cruising through 2020 too, so far, with many new projects and launches on the anvil. We take a look at five of the most interesting ones that will make a mark on Chennai’s skyline.
Brigade Xanadu
A recent market survey shows that 42% of participants would opt for mid-segment properties priced between Rs 45 lakhs and Rs 90 lakhs, and 52% would prefer a well-known brand of property builders.
The Brigade Group is now expanding their presence to Chennai with mid-range projects like Brigade Xanadu. An integrated development spread across 33 acres, complete with premium amenities, Brigade Xanadu comprises spacious 2, 3, and 4 bedroom luxury apartments built in the Spanish style. Xanadu is designed and conceptualised by Spanish firm Ricardo Bofill and Associates, and its landscaping is by Tropland Studio from Bali.
Features and facilities
Brigade Xanadu focuses on the residents’ overall wellbeing and gives priority to wide, open spaces. Some special features include gazebos, community gardening areas, a lotus pond, and a reflexology path. It has a clubhouse sprawled across 30,000 sq ft and a playground for children, as well.
Location
Brigade Xanadu is located in Mogappair West, a mere ten minutes away from posh Anna Nagar. Koyambedu metro and bus stations are just four kilometres away while it is connected by road to Sriperumbudur, Oragadam and Tada (SriCity), which makes Xanadu extremely convenient for working professionals.
Business parks and IT centres like India Land IT Park, Prince Info Park, and Ambit IT Park, are within a five-kilometre radius while the HP World IT Park, DLF IT Park, and L&T IT Park are ten kilometres away. Industrial and IT hubs Ambattur and Porur are within its vicinity as well.
Social infrastructure
Brigade Xanadu is close to many reputed educational institutions including DAV Boys and Girls School, The Schram Academy, Chinmaya Vidyalaya SR Secondary School, and Kendriya Vidyalaya. Well-known hospitals like Apollo, Frontier Lifeline, and Madras Medical Mission are within five kilometres. There’s no dearth of options for entertainment, shopping, and socialising too. The project is close to Ampa Skywalk, Vijaya Forum Mall, EGA Cinemas and multiple restaurants.
The project is ideal for young working professional couples, families with young children, and senior citizens. The apartments are ready for possession in March 2020 and prices range from Rs 76.7 lakhs to Rs 81.7 lakhs.
Ozone The Metrozone
Although the mid-range segment is currently the flavour of the season, luxury projects continue to feature among the discerning buyer’s preferences, especially in South India. The migration of a large number of urban professionals, the evolution of homebuyers’ tastes, and rise in an expat community has been driving demand for luxury housing.
The Metrozone from The Ozone Group is spread over 40 acres in tony Anna Nagar, a highly sought-after neighbourhood by Chennai’s elite. Comprising 29 towers of 2, 3, 4, and 5 bedroom apartments, The Metrozone smacks of quality and convenience at all levels.
Features and facilities
The Metrozone focuses on sustainability and providing world-class amenities to residents. It promises a 24 hour supply of electricity and drinking water with sustainable energy sources and water treatment plants.
Some of its exclusive features include a swimming pool for women and two for children, car washing bays, themed gardens, guest suites in each tower, and a mall, pharmacy, multiplex, and food courts located within the premises. The Metrozone also houses a clubhouse measuring 62,000 sq ft, a creche, piped gas system, laundromats and ironing facilities, and garbage chutes.
Location
Anna Nagar is one of Chennai’s most premium localities, and residents of The Metrozone will have celebrities, politicians, and prominent businesspersons as their neighbours.
It is extremely accessible being close to Koyambedu Bus Stand and two metro stations and is only 17 kilometres away from the airport. Anna Nagar is close to employment hubs like Prince Info Park, Ambattur Industrial Estate, and the One IndiaBulls Park, as well.
Social Infrastructure
The Metrozone is close to schools like Kendriya Vidyalaya and Kalpavriksh Montessori. Hospitals like I.K. Hospitals and Aashiana Hospital.
The Metrozone is ideal for young, upwardly mobile working professionals and families. The apartments are in the price range of Rs 1.6 crores to Rs 5.2 crores and will be ready for possession in December 2022.
Purva Somerset House
The Purva Somerset House in Guindy consists of 3, 4, and 5 bedroom penthouses and residences housed in four towers of 12 floors each with a total of 181 units. The facade is an elegant mix of traditional design elements from Tamil Nadu and modern, global features. It is designed by renowned international architect Hadi Teherani who has incorporated aspects like jaalis on balconies and chajjas or eaves that are appropriate for the vagaries of a tropical climate.
Features and facilities
Purva Somerset House is focused on evolved luxury, which also equates to convenience. Each apartment is wired with Google Home for complete hands-free assistance. Water undergoes several purification levels at a central water treatment plant to offer drinking water straight off the tap. Its clubhouse is infused with fresh oxygen at regular intervals to keep users rejuvenated at all times.
In addition to these unique features, Purva Somerset House also has biometric security, intelligent lighting, motion sensors, fibre optic infrastructure, and 24/7 remote connectivity to apartments through voice and app controls.
Location
Purva Somerset House is situated close to the Guindy National Park and overlooks the Guindy Race Course promising plenty of majestic views. Being close to Velachery, Purva Somerset House is easily accessible from key areas like Kathipara Junction and Adyar.
It is located one kilometre away from Guindy metro station, eight kilometres from the airport, and three kilometres from Raj Bhavan. Employment hubs like TIDEL and Ramanujam Tech Park, Olympia Tech Park, DLF SEZ, Ascendas Tech Park, and the entire IT corridor of OMR are within a five to six-kilometre radius.
Social infrastructure
IIT Madras is only four kilometres away from Purva Somerset House as are well-known schools like Thomas Parker Waller Memorial school, and Christ Church Anglo Indian Higher Secondary School. It is also close to prominent hospitals like Apollo Hospitals.
Prices for Purva Somerset House range between Rs 2.6 crores and Rs 5 crores. It will be ready for possession in February 2023.
Sobha Gardenia
Sobha Gardenia is the Sobha Group’s first set of villas in Chennai comprising 79 villas situated over nearly seven acres of land. Located just 20 minutes away from Adyar and close to the Nanmangalam forest reserve, Sobha Gardenia promises a green and refreshing environment for its residents.
Features and facilities
Sobha Gardenia offers 2, 2.5, 3, 3.5, and 4 bedroom apartments set amidst delightfully green landscaping and tree-lined walking tracks. It’s unique features include a reflexology path and sensory garden. It also has an outdoor gym, indoor games area, multipurpose hall, swimming pool, steam and sauna rooms, and a tennis court.
Location
Sobha Gardenia is located in Vengaivasal, near Medavakkam, a suburb that is rapidly transforming from a small village to an attractive residential neighbourhood. Situated 30 kilometres away from Chennai, Vengaivasal is easily accessible from key areas like Tambaram, Kovilambakkam, Chrompet, and Perumbakkam. It is well-connected to OMR and Tambaram SEZ, as well, making it ideal for commuters.
Social infrastructure
Sobha Gardenia is close to reputed schools like Kendriya Vidyalaya and BVM Global School. Healthcare choices include Gleneagles Global Health City, Hindu Mission Hospitals, and Apollo Cradle. There are multiple options for socialising and shopping as Gardenia is not far from Grand Mall and Phoenix Market City in Velachery.
The apartments will be ready for possession in February 2021 and prices range from Rs 1.1 crores to Rs 2.9 crores.
Tata New Haven Ribbon Walk
The Tata New Haven Ribbon Walk is one of the many affordable housing projects falling under the Tata Value Homes brand. Spread across 15 acres, New Haven Ribbon Walk is the first green-themed township located in Mambakkam and gets its name from the township’s unique ribbon-shaped design conceptualised by well-known international architects RMJM from the UK.
Features and facilities
New Haven Ribbon Walk has 1 and 2 bedroom contemporary residences that focuses on optimal use of green space and garden views.
Some of its features include an infinity pool, multi-level connected courtyards, sauna and steam room, daycare facilities, meditation lounge, and plenty of grassy, shaded walkways and sitting spots. New Haven Ribbon Walk offers sweeping views of the 300 acre Karanai Forest on one side and the Mambakkam Lake on the other.
Location
New Haven Ribbon Walk is located on the Vandalur-Kelambakkam road close to SIPCOT Sirusiri IT Park. It is well-connected by GST road to other business parks like Shriram IT Park, as well. The area is served by the Mambakkam bus stand and Tambaram railway station.
Social infrastructure
Educational institutions like VIT Chennai, Maharishi Vidya Mandir, and Velammal Global School are nearby. Healthcare choices in the vicinity include Sugam Hospital and Sri Sai Clinic while Gleneagles is also accessible at a distance of eight kilometres.
New Haven Ribbon Walk apartments are in turnkey condition and prices range between Rs 32.2 lakhs and Rs 59 lakhs.
That’s very great content and information about Chennai
Chennai as a city can be seen providing a lot of opportunities to home buyers. Recently, a lot of projects can be seen joining the club and entering Chennai as a whole.