Chennai, like many other cosmopolitan cities, has a
strong foothold over IT sector. Several premiere real estate developers
have ventured into the city with their residential and commercial
projects. The presence of infrastructural development and employment
opportunities call for high demand for properties. And as far as rental
spaces are concerned, they too remain high on demand. The middle-segment
buyers and the professional relocated from other cities comprise a big
chunk of this demand. Rental houses are mostly affordable and offer a
living space to those who don't have a residential property of their
own. Let's see what 3 BHK rental apartments cost in different parts of
the city.
For the tenants for whom money is a big issue, can look for a house for rent in Chennai
in areas like Adyar, Numgambakkam, and Kelmabakkam. The average monthly
rentals in these localities can be as low as 4-7k, though houses with
higher rates too are available for hiring. In 8-12k range, there are far
more options: Ramapuram, Sholinganallur, Velachery, Perungudi,
Perumbakkam, Porur, Guduvancheri, Ambattur, Chromepet, and Avadi. Such a
rental range is mostly preferred by middle-segment tenants.
Mogappair,
A. Nagar, Vadapalani, and Tambaram have high price tags. Micro-markets
like Saligramam, Kavalur, OMR, Arumbakkam, and Keelkattalai too fall in
this category. As most of these are IT-driven societies, the rental
rates here can go up to 20-25k, and even above. Then come those araes of
Chennai properties
that cater to the requirements of the affluent class. Three-bedroom,
well furnished houses are readily available in prime localities like T.
Nagar, Abhiramauram, Kotturpuram, Mint street, Kottivakam, and K. K.
Nagar. The others like Poes Garden, Boat Club, and Akkarai too have
heavy rentals: 1-3 lacs!!. Their strategic location, presence of
high-end flats, amenities offered, and presence of software industry
award them much significance.
Look for a house for rent in Chennai over the premier property portal, Makaan.com.
Keep yourself apprised with price trends in different quarters of the
year. Buy, sell, and rent residential and commercial properties for real estate Chennai.
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