Chennai, India

rich real estate chennai

Chennai, formerly known as Madras, is one of India's biggest metropolitan cities with a population of more than 4 million.

The coastal city is a hub for commerce in southern India and "has a diverse economic base, strong cultural life and arts [scene], including cinema and film production," said Barnes.

It is also a magnet for ultra-high net worth individuals in the region.

Of the 12 cities on this list, Chennai offers the most affordable options for real estate investors. Two-bedroom apartments around the city can sell for as low as $40,000, while apartments in prime locations are priced around $160,000.

First published June 6, 2014: 7:13 AM ET
Source: Candy GPS Report from Savills World Research, Candy & Candy and Deutsche Asset & Wealth Management

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