Wednesday 28 August 2013

The seeker of rented apartments in Chennai, the IT nerve center, have bellyful of options. No matter, in whatever part of the city you are looking for a rental property, you have plenty of options. Start your search after being sure of your budget and the locality you prefer to live in. While the landlords are always sitting to make a fool out of you and charge more rent, you, being a tenant, must make thorough investigation of the ongoing rates. Never hesitate to query from the local inhabitants about the rental rates and the condition of civic amenities in the preferred area. Once you are done with testing the waters, only then you should take the plunge.

Nungambakkkam and Kilpauk in the central region have rental houses that are apt for high-earning income group. The typical flats for rent in Chennai in these localities come at higher rates with respect to other areas of the central region. A 2 BHK at Nungambakkam carries a rental rate around 35-40k. Same is the case with Kilpauk and Chetpet. At Aminjikarai, Arumbakkam, and Choolaimedu, the rates are cheaper and fall within the reach of middle-class tenants.

A house for rent in Chennai in the southern region is available anywhere between Rs. 4.5k and 7 lacs. A 1000 sq. ft, 2 BHK flat in localities like Padur, Besant Nagar, and Saidapet can be hired at the monthly renal range of 20-35k. Generally, as a tenant, you also need to pay the deposit, which, in the above two cases, can be go up to 1-2 lac. For more affordable options, search houses in Kumaranchavadi, Urapakkam, Tambaram, Selaiyur, and Kelambakkam: expect a budget between 7-12k in these localities. Adambakkam, Kovilambakkam, Thoraipakkam, and Situseri Sipcot IT Park offer affordable rental apartments to the tenants: somewhere around 11k-16k.

Towards the North, leaving aside Anna Nagar, where a 2 BHK rental apartment would cost you around 30-35k, the other areas have reasonable prices. Go for Aynavaram, Korttur, Avadi, and Ambattur, if you are on a hunt for property in Chennai at not-so-hefty rates: 10-15k per month. The rental rates in Chennai are on rise. In the past one year alone, the rates have appreciated by approximately 4-6%. This seems to be a positive trend for owners who intend to rent out their properties.

Makaan.com is a property website where you can find properties, both residential and commercial, to buy, sell, or rent. The properties like rooms, apartments, studios, office spaces, villas, godowns, etc. from across different Indian cities are made available to the buyers for searching and browsing.

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