The
tier-1 cities in India like Delhi, Mumbai, Chennai, Hyderabad, and
others see a fairly high demand for rental homes. For Chennai, that sees
a good number of expatriates from North, the rental properties play a
vital role in catering to the high housing demand. The city, like other
metros, has variable price brackets applicable in its different parts.
The central region, for example, carries high price tags, while the rate
is lower at peripheral localities. The amount of rent is directly
proportional to the location of the house, its state of furnishing,
amenities offered, and employment opportunities. We are going to have a
look at the rates for two-room rental apartments in the city.
We start from city center of the city. A house for rent in Chennai in
central region can come at a rate anywhere between 12-25k. For prices
between the rental range 12-15k(starting rates), options like Koyembedu,
Nelson Manickam Road, Choolaimedu, Aminjikarai, Arumbakkam, and Chetpet
can be good choices. The localities including Triplicane, P.H. Road,
and Shenoy Nagar are pricey: for a 2 BHK apartment on rent, a tenant
requires to pay in 18-25k, and even above.
Shifting
your focus to North,it has some of the high-end localities that have
well-developed IT infrastructure and stronghold over corporate sector.
At Kolathur, Avadi, Pattabiram, Thirumalla Voil, the monthly rentals are
usually below 10k. For a real estate Chennai property
that comes at rentals more than that, Mint Street, Anna Nagar, Kilpauk,
Korttur, and Mugappair are a few names that fit in.
South
Chennai has a plethora of options for the seekers of 2 BHKs.
Medavakkam, Oragadam, Kelabakkam, Pallavaram, Guduvancheri, Madambakkam,
Porur, Pallikaranai, and Madipakkam are a few names where one can find
affordable houses on rent. For the tenants who want a 2 BHK below
10k/month, these can be the perfect choices.
Makaan.com, India's fastest growing property website, lets you buy, sell, or rent a real estate Chennai, Bangalore, and other parts of the country. Look for a house for rent in Chennai in different localities across different price brackets.
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