The absorption rate of residential houses in Chennai has
gone all the way up, thanks to the way its suburban markets have
flourished over years. The city is an IT stalwart and is bestowed with
good physical infrastructure. This has helped the demand market to tread
the upward graph. As the demand for residential properties escalated,
and with this rental market too chartered new heights. There are several
growth areas where the rental market is burgeoning at a fast pace.
Let's have a look what are the rental options for the tenants looking
for a rental apartment across Chennai's different suburbs. We shall
limit our discussion to north and south parts of the city.
A two room rented apartments
in Chennai in northern region carries some good options such as Avadi,
Mogappair, Anna Nagar, Madhurvayal, and Madhavaram. Avadi is a major
sub-urban area in north. Its excellent connectivity and up-to-the-mark
infrastructure have gone very well with the realty market. Extending of
Chennai-Tirutani Highway is on cards, and is expected to bring traffic
congestion problems under control. Ambattur is another prime residential
area for the tenants looking for rental properties in Chennai.
Its Industrial Estate, spread over acres, is the biggest draw for small
scale industries and IT parks. Anna Nagar is well-planned suburb, while
Mogappair is known for the strong presence of software giants.
A house for rent in Chennai towards
the southern part of the city has good options such as Velachery,
Perungudi, Porur, Thoraipakkam, Tambaram, Mylapore, and Chromepet. The
rental range across these, and the other localities varies from place to
place. Velachery and Perungudi are the high growth areas. Velachery is
well connected to GST Road ad CBD area, making it accessible from other
cities. Perungudi's strategic location to other well-developed areas
like Thoraipakkam and Pallavakkam have imparted it much significance for
property seekers. Navalur is yet another locality that thrives on it IT
sector and connectivity to OMR.
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