Luz, Chennai
- Nearby Localities
- Mylapore, Mandaveli, Royapettah, Teynampet, Abiramapuram, Gopalapuram, Santhome, R A Puram, Alwarpet, Anna Salai
About
Overview of Luz, Chennai
Location and Appeal
Situated in the Mylapore area of Chennai, Luz stands out as a prestigious and desirable neighborhood. Known for its rich cultural heritage and vibrant community, Luz is also close to various amenities.
Property Prices
- Starting prices for properties in Luz range around Rs. 11,920 per square foot.
- Average properties cost roughly Rs. 16,355 per square foot.
- Top-tier properties can reach up to Rs. 22,123 per square foot.
Types of Properties
- Luz houses a mix of residential options, like apartments and independent houses.
- There's a variety, so you can find both budget-friendly and luxury listings.
Specific Property Examples
- Say, a 3 BHK flat in Luz Avenue. It’s around ₹4.75 crores for a 2500 square foot area. These homes often come with amenities like a gym, swimming pool, and full power backup.
Rental Options
- When renting, Luz offers various options too. For instance, a semi-furnished 2 BHK flat in Luz Golden Enclave is available for about ₹26,000 per month plus maintenance, with a ₹1.5 lakh deposit.
Market Trends
- The real estate market here, as also in broad Chennai, is picking up. We're looking at mild growth, a 5-7% rise in property values for 2024-25.
- The area benefits from projects like Chennai Metro Rail Phase II, improving connectivity and driving up property values.
Infrastructure and Amenities
- Luz enjoys good connectivity and continues working on infrastructure, making it attractive for both residents and investors.
- From gyms and swimming pools to reliable power, Luz promises a high quality of life.
Investment Potential
- Due to steady demand and a moderate price increase, Luz is good for real estate investment. The potential for long-term value growth, especially with infrastructure and economic recovery, makes it an appealing choice for investors.
PropertyWala's Conclusion
Luz, Chennai, charms with its strong property market, excellent connections, and high-quality amenities. With a predicted moderate price hike and advancing infrastructure, investing in real estate here is timely. Whether seeking a luxurious home or something more affordable, Luz provides a variety of options for different budgets and preferences.
Nearby
-
Transport
- Hindustan Petroleum (<1 km)
- Thirumayilai Metro (<1 km)
- Mundakakanni Amman Koil (<1 km)
- Mandaveli Bus Terminus (~2 km)
- Chokani Jetty (~10 km)
- Chennai International Airport (~17 km)
-
Shopping & Dining
- The Board Room (<1 km)
- Anjappar (<1 km)
- Chennai Citi Center Mall (~1 km)
- Spencer's Food World (~1 km)
- Modern Fish Market (~2 km)
- The Chennai SIlks (~5 km)
-
Healthcare
- Kottakkal Arya Vaidya Sala Authorised Dealer (<1 km)
- Medplus (<1 km)
- St. Isabel's Hospital (<1 km)
- CSI Kalyani Hospital (~1 km)
- Aarthi Scans (~2 km)
- Gopalapuram Dispensary (~2 km)
-
Education
- District Branch Library, Mylapore (<1 km)
- Vivekananda College (<1 km)
- M. Ct. M Chidambaram Chettyar International School (~1 km)
- P. S. Senior Secondary School (~1 km)
- Queen Marys College (~2 km)
- Indian Institute of Technology - Madras (~8 km)
-
Leisure & Entertainment
- Nageswara Rao Park (<1 km)
- Woodlands Symphony (~3 km)
- MA Chidambaram Stadium (~4 km)
- Rajarathinam Stadium (~4 km)
- Cosmopolitan Club Golf Course (~6 km)
- Children's Park, Guindy (~7 km)
-
Services
- Bank of Baroda (<1 km)
- Axis Bank (<1 km)
- Mylapore E1 PS (<1 km)
- Mandaveli Head Post Office (~2 km)
- Corporation Office (~2 km)
- Egmore fire and Rescue station (~5 km)
-
Religious Places
- Church of Our Lady of Light (Luz Church) (<1 km)
- Thiruvalluvar Koil (<1 km)
- Kapaleeshwarar Temple (~1 km)
- Ramakrishna Math Universal Temple (~1 km)
- Thousand Lights Mosque (~3 km)
- Gurudwara Sahib (~3 km)
-
Business & Hospitality
- Hotel Savera (~1 km)
- Accord Hotels and Resorts (~4 km)
- Ramanujam SEZ (~8 km)
- Basin Bridge Gas Turbine Power Station (~9 km)
- Integral Coach Factory (~13 km)
- DLF IT Park (~14 km)
Reviews
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Sale Properties
₹ 45 Cr
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Apartment / Flat
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- Locality ID
- A452391112
- PinCode
- 600021