India's 13 Posh Localities Where the Rich Reside

Chennai

9) Boat club area

The Boat Club area in Alwarpet is one of the most expensive areas in Chennai. The area is the home to many VIP residents and an up-market residential area. High net worth individuals like Kalanithi Maran and the Murugappa family have added to property price hike of this area. Combining their total assets which is around 17500 crore, has pushed residential property price at 25,000 per square feet for apartments.

Apart from Boat Club area, Poes Garden is another expensive residential locality in Chennai that houses cash rich Indians like Tamil Nadu Chief Minister Jayalalitha, Cine superstar Rajinikanth and Indira Nooyi, the Chairman of PepsiCo Group are among others. These rich Indians are driving the property rates of this area and an average apartment in Poes Garden will costs around 30,000 per square feet.

Also Read: 15 Best Locations to Buy Home in India in 2013