Here Is Why Adyar Is A Real Estate Gem
To the south of Chennai, on the southern banks of the vast Adyar River, lies this prominent neighbourhood. It is considered to be one of the most sought after localities of Chennai and is well connected to all parts of the city. With close proximity to Besant Nagar, MRC Nagar, Mylapore and Santhome, this area is a real estate gem.
The founding of the theosophical society was a turning point in the development of Adyar. With wide roads and tree lined by lanes, the apartment prices in this locality averages around Rs 12,000 per square feet. Adyar is one of the places in Chennai that developed as an affluent residential area from early years. Hence, some of the prominent residential areas like Kasturibhai Nagar, Gandhi Nagar etc. are already lined with compact apartments making it a good option for rentals as well and investments in resale apartments.
Adyar is approximately 14Km from the airport and 12Km from the railway station making it well connected to both. This locality has 3 MRTS stations in its vicinity, with frequent passing of the train. Adyar also has a good number of inter and intra city busses plying from here.
Its close proximity to the IT hubs on OMR such as Thoraipakkam, Siruseri, Perungudi etc. makes it a great investment option for IT professionals.
The popular malls of the city, Phoenix Mall and Express Avenue are 7Km and 9.5 Km respectively from Adyar. The popular Elliots beach is less than 2 KM from this locality.
The popular Adyar Cancer Institute and the multi-speciality Fortis Malar are two prominent hospitals in this locality. Apart from these popular ones, there are multiple speciality hospitals and clinics in the neighbourhood.
- Educational Institutes
Adyar is a preferred residential area owing to the large number of educational institutions that this locality has. From the renowned IIT to the prominent Anna University , this locality serves as an educational hub. Bala Vidya Mandir, Kendriya Vidyalaya, St. Patrick’s etc. are some of the important schools in this area.
- Entertainment and hospitality
Various Indian and international brands have retail outlets in and around Adyar. Westside, Odessey, Pantaloons, Max etc. are some of the brands seen around here. Some of the most luxurious hotels like the Leela Palace, Grand Chola, Hyatt etc. are situated around Adyar. This locality is also a popular place for foodies with multiple eateries.
Adyar is a real estate hot spot owning to its green spaces, connectivity to IT parks, advanced social amenities, etc. Regardless of whether you need a house for rent in Chennai or want to make a long term investment, Adyar is a prime locality to consider.