Anna Nagar: A well planned and organised micro market
Located in the heart of Chennai, Anna Nagar is one of those coveted posh localities where anyone would desire to have their residence. The locality commands huge rents and sale prices not merely due to its location, but also for its planning, infrastructure and of course reputation. Formerly known as Naduvankarai, the locality was renamed as Anna Nagar in honor of former Tamil Nadu chief minister C.N, Annadurai.
Location and connectivity:
Anna Nagar is located in the heart of the central business district of Chennai which is one of the reason which makes the locality boast unaffordable prices. The Poonamalle high road is in proximity to the locality which serves as the main route of accessibility to and from Anna Nagar. The locality is surrounded by other popular micro markets like Kodambakkam, Nungambakkam, Ambattur, Purasawalkam and Perambur. It has its own railways station which is a junction in the suburban railway network.
Planned and organised locality:
The micro market is well planned in matrix and grid pattern with streets that meet at 90 degrees at perpendicular roads and the ones that don’t intersect are parallel to one another. The numbering of streets use the western grid pattern where even numbers are used for west – east running streets and odd ones are used for north – south. The roads are further designed in a way to provide enough walking space for pedestrians and also to accommodate greenery. The interior roads meet at a certain point which happens to be the central park. There are few cul-de-sacs (roads with dead ends) but the overall planning of the locality is appealing and organised. Battery operated rickshaws are found in these streets which helps in commuting people through the locality making the environment eco-friendly.
Real estate:
The properties in this micro market are affordable to the high-end community of Chennai only. With prices ranging about Rs. 9,500 – 12,500 per sq.ft. the properties in this localities starts with an average price of Rs. 75 lakhs and ranges up to even 5 crores. According to CommonFloor listing data, one can fetch a 2 BHK of the size 1250 sq.ft. for Rs. 25,000 and a 3 BHK of size 1450 sq.ft for Rs. 30,000. Most of the properties available for sale are apartments. The supply is saturated in the locality since there is no new land available for new projects. The chart below shows the BHK segmentation available for rent according to the CommonFloor data.
From the chart above its evident that the most available type of apartment is 2 BHK apartments. If you want your house in the centre of the city and you are able to afford a high budget property then Anna Nagar should be your choice.
