The northern part of Chennai, although disregarded now as underdeveloped in comparison with some of the more recent areas down south, is still a very busy region. Of all the places in the north of Chennai, Parry’s Corner is one of the most popular and the oldest too.
It is at the intersection of two roads, namely the NSC Bose Road and the North Beach Road. Thomas Parry was a Welsh merchant who founded the EID Parry Company. The headquarters of this company still stands in this area, from which the area derives its name.
Commercial banking has been taken on largely in Parrys, and so has trading. There are a number of merchants there who hawk all manner of products from mobile phones to apparels here. Close to Parry’s Corner is the famous Burma Bazaar, the market area that sources electronic goods and media (pen drives, CDs, hard disks) for cheaper prices.
Parrys is also a large hub for MTC buses, which means that it is connected to every large junction in the city. One can find frequent bus facilities to Kelambakkam, Thiruporur and to every other large junction in Chennai.
George Town is one part of this area that has retained the atmosphere of merchantry that Parrys has always been famous for. Different streets are replete with different products. For example, while Anderson Street largely has paper and paper related products, cosmetics can be found on Devraj Mudali Street, and fireworks on Badrian Street.
The Government Stanley Medical College is a highly reputed institution in Parrys. Sri Kanyaka Parameswari College of Arts and Science for Women is also located here. Besides this, the Dr. Ambedkar Law College is less than 2 kilometers away, as is the Pagajam Academy of Law.
The current price in Parrys is around Rs. 4,500 to Rs. 6,000 per square foot. The resale value is high, and the commercial rent is around Rs. 40 to 50 per square foot.