T Nagar is situated towards west of Anna Salai and is bounded by West Mambalam, Nandanamm Nungambakkam, Tynampet, Saidapet and Kodambakkam. Mambalam is the common name for the entire area of T Nagar, West Mambalam, Pondy Bazaar and CIT Nagar. An abbreviation of Thyagaraya Nagar, T Nagar was established between 1923 and 1925 by Madras Presidency government of the Raja of Panagal and today is one of the most prosperous areas of Chennai. Most of the parks, streets and localities are named after important officials in the provincial government. Our service apartments in T Nagar Chennai are situated in prime areas in good residential buildings.
T Nagar was developed with the concept of establishing it as a premier residential destination which eventually emerged as the biggest shopping districts of India. The revenue generated is mainly due to the number of gold retailers and jewellery shops which do a brisk business at all times, especially during wedding and festival seasons. By a rough estimate, the annual turnover of the shops in the area is over INR 200,000 million. The bazaars of T Nagar are always thriving with activity and draw thousands of shoppers on a regular basis. The Pondy Bazaar is the most famous commercial area and sees a footfall of over 500,000 people on every weekend, which soars over 2 million during festival seasons. Our service apartments in T Nagar Chennai are close to business and commerce hubs.
Even though the revenue generated by T Nagar has been officially pegged at INR 100,000 million, it is estimated that the actual turnover of all the shops together is more than double the official figure. Even if you take the government amount into consideration, it is still more than twice the turnover of Linking Road in Mumbai and Delhi’s Connought Place, which are famous shopping areas. Chennai is a major place for gold buyers and T Nagar accounts for almost 80% of gold sales in Chennai. Usman Road is the costliest commercial stretch in the city and the area around Parangal Park is well known for its high end textile shops. Another prominent and one of the most crowded roads and it is replete with big establishments as well as smaller ones dealing in all kinds of garments and household goods. Our service apartments in T Nagar Chennai are best suited for short as well as long stays.