Overview of Ritchie Street, Chennai

Where It's Located and Its Importance

Ritchie Street resides in Chintadripet, Chennai. It stands out as a prominent hub for electronics. This area attracts anyone involved in the electronics or related industries.

Types and Prices of Properties

• In this locality, commercial properties, specifically shops, hold great appeal for entrepreneurs and investors.
  • To give an example, a shop located in Ritchie Street Electronics Hub is up for sale at ₹3.25 Crores. It has a built-up area of 2,200 sq.ft. with an estimated EMI of ₹2.44 Lacs per month.

Facilities and Features

• Ownership and Parking: Many properties come with freehold ownership and public parking.
• Floor and Furnishing: Shops generally sit on the ground floor of multi-story structures, often fully furnished.
• Extra Perks: Some buildings may include power backup, private restrooms, and security services.

Perfect Use

• Retail and Commercial: The region suits retail and commercial needs due to its electronics hub fame.
• Office and Residence: A few properties also serve as office cum residence, fulfilling varied user requirements.

Connection and Nearby Sites

• Transport and Sights: Expect good links to essential transit points like Egmore Railway Station along with landmarks such as TTK Road and Teynampet.

PropertyWala's Conclusion

Ritchie Street in Chennai is a good spot for those eyeing commercial real estate in the electronics sphere. Benefiting from strategic positioning, availability of fully furnished shops, and handy amenities, it's an enticing choice for investors. Yet, prospective buyers should dig into current market trends and property prices to finalize an informed choice.