The common, stereotypical indices and factors responsible for deciding the rates of properties are infrastructure, connectivity, safety etc. But do you know that your neighbors can also be the deciding factors for your property valuation? The ‘elite’ of India play a pivotal role in deciding the rate of your property.
In today’s world your address is your status symbol. There are some posh localities which have topped the charts by becoming the most expensive residential locations in India and a lot of influential people live in the vicinity.
Here is a list of the five most expensive locales in India which are beyond the means of the common man:
Aurangzeb Road- now known as Dr. Abdul Kalam Road which is located in Delhi- the capital of India. It is one of the prominent locations in the capital and occupies the first place in being the most expensive residential locale. When you talk about the most expensive property in NCR and Delhi, this location will top all the charts. It is a home to HNIs and ultra HNIs, the Prime Minister of India lives in the vicinity and also some well-known people like Lakshmi Mittal [steel tycoon], Jindals, Punjs, Ravi Jaipuria. The square feet rate of the property is about 1.40 lacs which makes it the most expensive property.
Altamount Road – Mumbai is one of the most densely populated cities of India, as there are few land parcels, so Mumbai grows upwards and within it fringes lies Alta Mount Rd. which is one of the most expensive locales . Here the sky is the limit as far as property prices go. ‘Antallia’ a 27 storied building owned by Mukesh Ambani is one of the most expensive homes in the world stands here. Many other renowned personalities live here, like the Birlas, Mafatlals, Kumar Mangalam. Its square foot rate is around Rs 70000/per sq. ft. making it one of the posh and expensive areas of Mumbai.
Malabar Hills-is described the place for the rich. It is the home for many tycoons and celebrities, it also houses the Governor’s residence, the Chief Minister of Maharashtra’s residence and Sayadri the government guest house along with the famous Hanging Gardens. It is an upmarket neighborhood whose rates are about 75000/per sq ft.
Amrita Shergill Marg– is in close proximity to Lodhi Gardens [Delhi]. It is a hotspot and famous personalities like Hindujas and Sunil Bharti Mittal live here. The square feet rate is around Rs 96000/per sq ft.
Sarjapur and Koramangala– Bangalore. The residence of Premji –Wipro Group that comes within the Wipro Campus is on the Sarjapur road making it one of the most expensive areas of Bangalore. The other upscale area is Koramangala where Nandan Nilekani and other renowned personalities reside. The posh areas of India cost a mind boggling prices which are beyond the reach of the ordinary citizen.
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