Nungambakkam in North-West Chennai – One of the city’s prime residential areas
One of the most posh residential areas in Chennai is Nungambakkam, which marks a much preferred location of the city’s well-known personalities.
The Nungambakkam residential area in North-West Chennai underscores an elite and upscale locality, which houses the residences of well-settled businessmen, moneyed CEOs and VPs of prominent IT firms, and famous politicians.
The biggest advantage of the Nungambakkam residential area is its strategic location, with close proximity to T Nagar, Mount Road, Kodambakkam and other significant landmarks. The location advantage makes Nungambakkam one of the favourite destinations for the city’s influential people who desire “serenity” and want to reside close to their place of work.
In addition, another attraction of the Nungambakkam residential area is “value for money.” Towards that end, One property website statistics have revealed that a 12 percent increase in capital values has been witnessed by the Nungambakkam locality; with current values reaching up to Rs 11,000 per sq ft of late. As a result, the potential of the area has been profitably exploited by NRIs and investors in terms of rental returns.
Nungambakkam is also a preferred location by the Chennai’s well-to-do people because it is close to educational institutions, and reputed colleges such as Loyola, Stella Maris, Women’s Christian College, and MOP Vaishnav. Moreover, the upcoming Metro rail in Mount Road – at a distance of 2 km from Nungambakkam – adds to the numerous attractions of the Nungambakkam residential area.
Source – The Times of India
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