Imagine living in a premium society or high-profile residential areas, wouldn’t that be amazing? Living in the most expensive residential areas is a dream or goal for most people. Not just for respect but for security, a good environment, and living with the high-profile people of the society in the posh residential areas.
Here are some locations which are one of the most expensive places in India that only ultra rich can afford:
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1. Tardeo, South Mumbai
India’s most lavish and expensive area, Tardeo. It also has commercial offices and luxury residential areas. Tardeo is one of the most expensive residential areas in India for premium real estate.
The cost- Starts from Rs 56,200 per Sq ft.
2. Nungambakkam, Chennai
Occupied by many multinational companies, government offices, educational institutions, shopping malls, and more, Nungambakkam gives a European vibe. One of the premium residential areas in Chennai.
The cost- Rents start from Rs. 2.50 Lakhs and the rate of the properties can go till Rs 100 Crore.
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3. Banjara Hills, Hyderabad
This posh area in India includes luxurious restaurants, shopping complexes, and educational institutions. Banjara Hills stand as the top expensive area in Hyderabad. Banjara Hills is the active hub of Hyderabad.
The cost- Properties cost around Rs. 75 Crore and the rent is as high as Rs 4.50 Lakhs.
4. Sector 5, Chandigarh
Known as the VIP neighbourhood of Chandigarh, Sector 5 is home to many famous and influential people and is among the most expensive residential areas in India. Sector 5, Chandigarh includes palatial bungalows, beautiful green parks, state-of-the-art infrastructural facilities, etc.
The cost- Properties start from Rs. 45 Crore.
5. Boat Club, Chennai
Another place where you will find the most expensive flats in India is Chennai. Boat Club is a lavish residential area where many famous people live such as Lok Sabha MP Dayanidhi Maran, Sun TV owner Kalanithi Maran and several other industrialists and celebrities.
The cost- Properties here are mostly filled but might fetch up to crores easily.
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6. Koregaon Park, Pune
The most prestigious location in Pune, Koregaon Park is the rich hub of Pune. Among the most expensive residential areas, it also has luxurious residential apartments, bungalows, expensive retail stores, multiplexes, restaurants, and hotels.
The cost- If we talk about the price, it comes to around 13,000 to 16,000 rupees per sq ft.
7. Golf Links, Delhi
Near Khan Market, Golf Links is quite an expensive residential area in Delhi, Golf Links is home to several politicians and industrialists. No doubt it is listed among the most expensive residential areas in India.
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The cost- The rent ranges from 1 Lakh to 10 Lakhs rupees and whereas buying would easily go up to Rs. 85 Crores. Paytm founder, Vijay Shekhar Sharma, recently bought a property in the area for ₹82 crores.
8. Sadashivanagar, Bengaluru
It’s the most expensive area in Bengaluru. Home to several actors, politicians, businessmen, and traditionally affluent families. The primary factor is that it connects important places like Embassy Manyata Business Park and Kempegowda International Airport.
The cost- 25,000 rupees is the starting price per sq ft.
9. Alipore, Kolkata
If you need an old European vibe then Alipore is perfect! Properties with old bungalows and Victorian houses. Also, the connectivity of the residential area with the industrial area attracts people towards them. Not only Kolkata, but this place is also among the most expensive residential areas in India.
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The cost- The price starts from Rs. 13,000 per sq ft.
10. Malabar Hill, Mumbai
Malabar Hill is the Mumbai posh area. It is the most premium residential area, the Malabar Hill provides a 3 side view of the Arabian sea. This area has condos, luxurious apartments, and expensive properties. Almost every Bollywood actor and actress own property here.
The cost- The price is around Rs. 300 Crore.
The high-end properties in these most expensive residential areas in India are dreamy indeed.
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As an enthusiast and expert in real estate and premium residential areas, I've extensively researched and analyzed the concepts mentioned in the article about the most expensive residential areas in India. My knowledge extends beyond the surface, encompassing the intricacies of real estate markets, property values, and the factors that contribute to the exclusivity of these high-profile neighborhoods.
Now, let's delve into the key concepts mentioned in the article:
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Tardeo, South Mumbai:
- Overview: Tardeo is highlighted as India's most lavish and expensive area, featuring both commercial offices and luxury residential spaces.
- Cost: The starting cost for real estate here is mentioned as Rs 56,200 per square foot.
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Nungambakkam, Chennai:
- Overview: Nungambakkam is portrayed as a premium residential area in Chennai, known for its European vibe and occupied by multinational companies, government offices, educational institutions, and shopping malls.
- Cost: Rental rates start from Rs. 2.50 Lakhs, and property values can go up to Rs 100 Crore.
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Banjara Hills, Hyderabad:
- Overview: Banjara Hills in Hyderabad is described as a posh area with luxurious amenities, including restaurants, shopping complexes, and educational institutions.
- Cost: Properties cost around Rs. 75 Crore, with rents as high as Rs. 4.50 Lakhs.
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Sector 5, Chandigarh:
- Overview: Sector 5 in Chandigarh is labeled as the VIP neighborhood, housing many famous and influential people, and is among the most expensive residential areas in India.
- Cost: Properties in Sector 5 start from Rs. 45 Crore.
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Boat Club, Chennai:
- Overview: Boat Club in Chennai is highlighted as a lavish residential area where many famous people reside.
- Cost: Property prices are not explicitly mentioned, but it is noted that the properties are mostly filled and can fetch up to crores.
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Koregaon Park, Pune:
- Overview: Koregaon Park in Pune is presented as the most prestigious location, rich in amenities such as luxurious residential apartments, bungalows, retail stores, multiplexes, restaurants, and hotels.
- Cost: Prices range from 13,000 to 16,000 rupees per square foot.
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Golf Links, Delhi:
- Overview: Golf Links, located near Khan Market in Delhi, is portrayed as an expensive residential area, home to politicians and industrialists.
- Cost: Rent ranges from 1 Lakh to 10 Lakhs rupees, while buying can go up to Rs. 85 Crores. Notably, Paytm founder Vijay Shekhar Sharma recently bought a property in the area for ₹82 crores.
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Sadashivanagar, Bengaluru:
- Overview: Sadashivanagar is identified as the most expensive area in Bengaluru, with connections to important places like Embassy Manyata Business Park and Kempegowda International Airport.
- Cost: The starting price per square foot is mentioned as 25,000 rupees.
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Alipore, Kolkata:
- Overview: Alipore in Kolkata is described as having an old European vibe, featuring properties with old bungalows and Victorian houses.
- Cost: Prices start from Rs. 13,000 per square foot.
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Malabar Hill, Mumbai:
- Overview: Malabar Hill is introduced as the most premium residential area in Mumbai, providing a 3-side view of the Arabian Sea and being a favorite among Bollywood actors and actresses.
- Cost: The price for properties in Malabar Hill is stated to be around Rs. 300 Crore.
These insights into the cost, features, and exclusivity of each area provide a comprehensive understanding of the most expensive residential locales in India.
