Upscale Nungambakkam is a central neighbourhood known for its Indie boutiques, designer shops as well as international brand stores. Young professionals and college students gather at trendy cafes and budget eateries surrounding Sterling and College Roads. Concerts and film screenings are hosted by the Alliance Française of Madras and Goethe Institute cultural centers. The area is also home to embassies and luxury hotels. The adjoining regions of Nungambakkam include Egmore, Chetput (Chetpet), T.Nagar, Kodambakkam and Kilpauk.
With leading retail brands like Raymonds, Park Avenue, Levis, Caratlane, Vummidi, Mehta Jewellery, Sangeetha, A2B, Pizza Hut across verticals like apparels, jewellery, F&B, Nungambakkam is a hub for retail shopping.
To cater to the high population of residential & commercial occupants, supermarkets like Nilgiris, Pazhamudir, Nuts & Spices have branches in this area.
Top corporate houses, which are 100+ seaters, have set up their offices in Nungambakkam. A few prominent names are Bosch, Philips, MRF. In addition to this, co-working spaces too have seen a surge in this prime commercial & residential hub of Chennai.
Also, renowned colleges like Loyola College, WCC, Good Shepherd occupy acres of land in the heart of this region.
From cold shells going at rental rates of Rs.60/- sq.ft to fully furnished office spaces at Rs.90/- Sq. Ft and showroom spaces going for rates between 100-150 per sq. Ft, Nungambakkam is the ultimate destination for premium retail brands for their showroom space and for top corporates to have an uber premium address for themselves.
Nungambakkam is well connected to other parts of the city. Many of the state-run Metropolitan Transport Corporation (MTC) buses run through Nungambakkam. Nungambakkam has its own Suburban Train Station on the Chennai Beach – Tambaram Railway Station railway line, which connects it to other parts of the city. The Nungambakkam station is among the top three EMU stations, along with Chromepet and St. Thomas Mount, in terms of the number of persons who use the facilities on the Chennai Beach-Tambaram section every day. While the Domestic & International Airport is just 14 KM away, Kathipara Junction (Main Junction which connects City and outskirts) and Guindy & OMR (The Commercial & IT Hub respectively) are equidistant at 8 KM while the retail High Street of T Nagar is just 4 KM away from Nungambakkam.
An important aspect before selecting an office space is the availability of hotels in the vicinity as clients and corporates from other cities would prefer to stay close to the office areas. With the likes of Taj Coromandel and The Park offering 5 Star services, Nungambakkam also has other prominent hotels such as Harrisons, Spring & Palm Grove in the vicinity for business travellers.
With the pandemic impacting work from office culture, offices are now moving to smaller spaces in the heart of the city where employees find it easy to commute as an alternate to work from home. Nungambakkam is a premium commercial & residential hub as it is easily accessible from every part of the city.
Location, connectivity, presence of top brands and offices make Nungambakkam the most desired commercial destination.
Amit Damodar (MRICS)
Partner, Chattels Realty
National Vice President, NAR India
President, NAR INDIA CREAA, Chennai
Karthik@chattels.in | +91 90031 34448 | www.chattels.in | @ChattelsRealty
Chattels Realty is an end to end all vertical Real Estate Services company (PAN India & Headquarters in Chennai) with a wide network of 8 cities, 225+ professionals, 21+ million sq.ft. of space leased & 34000+ happy clients.