The Available Options in Chennai for a One BHK Rent House

Propensity of IT companies in Chennai has remained a positive factor for the growth of its realty market. It is not only a budget-minded buyer who prefers to live on rental spaces, there is a good number of professionals who arrive here to seek job opportunities. So, Chennai is constantly in need of rental properties, irrespective of the fact how the realty market is faring in a particular year. At present, the Indian economy is in the clutches of inflation as well as economic slump and as a result, the demand for properties is down in dumps. But the demand market for rental houses has not gone down. In this blog, we are going to have a glimpse over some of the good options for a 1 BHK rental house in different localities in Chennai.

Let's us consider a two-room Independent house for our consideration. Though the number of options are too many, yet a 2 BHK rent house in Chennai can be located in certain specific localities only. For the seekers of a rental property with monthly budget in price bracket 5-7k, Pallikaranai and Sithalapakkam are good choices. For 8-10k bracket, the suitable areas are Kundarathar, Kolathai, Medavakkam, Pattabiram, Madambakkam, Ramapuram, Thiruverkadu, Madipakkam, and Mugalivakkam.

 

In the higher bracket, i.e. 11-15k, the 2 BHK rental properties for real estate in Chennai in the form of an independent house are available in Aminjikarai, Mint Street, Korttur, Choolaimedu, Kodambakam, Porur, New Perungalathur, Iyyappanthangal, and Kovilambakkam. Most of these are prime locations and have well-established IT base. For example, Porur, Choolaimedu, and Aminjikarai have a set of software companies. Some of the best tech-giants of the country have opened their bases in these colonies. Accordingly, the Independent houses developed here mostly cater to the well-earning income segments. Most of the properties are top-class that are fully-furnished and are enthused with all the modern amenities.

Property in Hyderabad Witnessing Small Appreciation in Rates

The division of Andhra and creation of Telangana out of it was a major step by the government authorities, and had direct effect on city's real estate. If the market trends are to be believed, the realty market has seen a boom since the speculations of the division started making rounds. A report by CRISIL suggests that the rates of residential houses shall augment by about 7 % in the coming year. The investors are in wait for huge returns from properties that they put their money on. On the similar lines, developers in light of appreciation, are laying money on suggestive price hikes.

In light of being the common capital for ten years, property in Hyderabad is expected to scale the positive side of the price graph. The impact can be seen in the surrounding cities like Vijaywada and Visakapatnam too where the prices are undergoing appreciation,howsoever small. The rates in several localities of Visakapatnam have seen an upsurge in prices, with an average value of Rs. 2689/ sq. ft noticed in the current quarter. Similarly, a 10% rise is noticed in the rates of residential plots in Madhurwada during April-June. In Vijayawada only, a sudden rise in demand for land has resulted in the land prices gone up by 20-30%. Similar is the scenario of the rest of the real estate Hyderabad. In Hitech city, the rates for a multistory apartment have appreciated by 3% during Apr-June, 2013, with an average value of Rs. 4161/ sq. ft.

 

The market for a house for sale in Hyderabad has been recovering slowly, after seeing a stagnation phase from past 3-4 years. The clouds seem to be clearing now. With the Telangana issue having been resolved and the global meltdown having become a thing of past, the investors are now ready to find their streak of luck in the current wave of boom. The cumulative impact of all this is the raised interest of the IT giants in initiating all-new branches in the state. This, in turn, shall be able to attract more employment-seeking population from different Indian states.

Buy and sell India properties over Makaan.com, a leading real estate portal in India. The buyers are at the disposal of a wide array of property in Hyderabad like individual rooms, independent houses, plots, office and commercial spaces, as listed by developers and land owners. One can look for house for sale in Hyderabad in different price brackets.

Prices for 2 BHK Flats for Rent across Different Localities of Bangalore

Bangalore is sitting over a pile of unused or vacant properties. More than a lakh properties get leased every year in the Electronic City. In light of the fact that Indian economy is under an economic crisis, with rates of commodities gone through the roof, it is hard to expect that these inventories will see a good number of tenants. But the reality is something else. As they city's low and middle income groups thrive largely on rental properties, the demand for these remains on the higher side of the graph. To allure the tenants, the developers too have come out various plans like free-rental periods and cut rates. Presently, the propensity among the tenants is for small-sized residential properties.
Let us consider rental rates for 2 BHK realestate Bangalore properties in city center. The hot localities like Indira Nagar, Benson Town, and Sarjapur Road offer the starting rental rates in 12-18k range. The higher rental rates can be expected in Frazer Town, Cook Town, and Cunningham Road: the monthly rental in these localities start anywhere in 20-25k range. Some of the other localities where tenants will find high rentals include Langford Town, Brunton Road, Jayamahal and Coles Road. Queen Road and Levelle Road have high-end properties with rent ranging between 30-45k bracket.

Flats for rent in Bangalore in North carries some prominent localities that tenants mostly seek. The rents in this region is mostly affordable with rates as low as 7k. R.T. Nagar Yelahanka, Hebbal, Dollar's Colony, Thanisandra, and HMT Layout carry the monthly rentals between 7-25k. At Hebbal, however, two-room leased properties can cost up to 35k/month. Towards East, the affordable colonies for the tenants of 2 BHK apartments include names like Marathahalli, Whitefield, Banaswadi, CV Raman, Mahadevpura, Kundanhalli, and KR Puram: rentals in 8-12k range in most of these prominent localities. However, at Indira Nagar, AECS Layout, Whitefield, and Marathahalli, the upper limit can reach up to 25-45k.
Look for flats for rent in Bangalore over Makaan.com, the real state portal based in India. Participate in forums based on realestate Bangalore and gain insight into property trends.

Chennai Property Prices of 3 BHK Independent Houses

Chennai city offers many choices for the seekers of residential and commercial properties. The rates and availability of these spaces does not remain static in different localities. For the buyers who are eying three room independent house, only a few options are present in the central region, while towards the southern part, one is at the disposal of a number of them. In this blog, we are going to garner our attention towards the rates of three-room independent houses across city's different regions.

Though there is no dearth of 3 BHK property in Chennai, independent houses are hard to find. In the central part, Aminjikarai is the main locality where such a property can be purchased. The price range for the same varies between 60 lacs and 1.3 crores. The average per square feet rate (psf) at Aminjikarai ranges between Rs. 3700/- and Rs. 8700/-. Coming to North, a three room independent house is available in localities like Manigadu, Kolathur, Ambattur, and PH Road. While Manigadu and Kolathur offer affordable houses (40 lacs-60 lacs), at Ambattur and PH Road, the rate is pretty much higher: it generally varies between 90 lacs and 1.5 crore.

 

Chennai property in the western part too has only a few localities where one can find three-room independent house. At Ayapakkam, it is available at around 60 lacs, while at Porur, the rates are flexible: between 70 lacs and 2 crores. South Chennai, on the other hand, has a plethora of areas for the seekers of such houses. In the affordable bracket come localities like Singaperumal, Oragadam, Tambaram-Mudichur Road, Maraimalai, Manimangalam, and Iyapanthangal. Here, one can expect the rates that lie in 20-40 lacs bracket.

In the higher bracket, i.e. 50-85 lacs, come Tambaram, Adambakkam, Kovur, Perumbakkam, and Selaiyur. In most of the the southern region, come the localities where a 3 BHK independent house touches the crore figure. Neelangarai, Kelambakkam, Medvakkam, Thoraipakkam, Santoshpuram, Villivakkam, K.K.Nagar, Mahindra City, Sholinganallur, Padurai are a few names in this regard.

Makaan.com, India's fastest growing property portal, lists 1, 2, 3 BHK apartments in Chennai, Bangalore, and other Indian cities. Look for quarterly prices for Chennai property and keep yourself apprised of the ongoing price trends.

Real Estate Bangalore's Price Variations for a 2 BHK House for Rent

Every single year, Bangalore, the Electronic City, witnesses the leasing of about 1 lakh properties. At present, akin to other metros of India, this city is sitting on a pile of unused inventories; as the demand remains high, these inventories are expected to get used up in a few months. Currently, the slump of economy and high prices have plagued Indian's real estate. In spite of such a dim scenario, city's prospects seem to be good. The developers here are coming up with offers like rent-free months and cash discounts. Another trend that has been noticed here is increasing propensity of tenants for small ticket sizes.

Let us consider rental rates for 2 BHK real estate Bangalore properties in city center. The hot localities like Indira Nagar, Benson Town, and Sarjapur Road offer the starting rental rates in 12-18k range. The higher rental rates can be expected in Frazer Town, Cook Town, and Cunningham Road: the monthly rental in these localities start anywhere in 20-25k range. Some of the other localities where tenants will find high rentals include Langford Town, Brunton Road, Jayamahal and Coles Road. Queen Road and Levelle Road have high-end properties with rent ranging between 30-45k bracket.

 

House for rent in Bangalore in North carries some prominent localities that tenants mostly seek. The rents in this region is mostly affordable with rates as low as 7k. R.T. Nagar Yelahanka, Hebbal, Dollar's Colony, Thanisandra, and HMT Layout carry the monthly rentals between 7-25k. At Hebbal, however, two-room leased properties can cost up to 35k/month. Towards East, the affordable colonies for the tenants of 2 BHK apartments include names like Marathahalli, Whitefield, Banaswadi, CV Raman, Mahadevpura, Kundanhalli, and KR Puram: rentals in 8-12k range in most of these prominent localities. However, at Indira Nagar, AECS Layout, Whitefield, and Marathahalli, the upper limit can reach up to 25-45k.

Look for house for rent in Bangalore over Makaan.com, the reality portal based in India. Participate in forums based on real estate Bangalore and gain insight into property trends.

The Price Gamut in Hyderabad Real Estate for 2 BHK Flats for Rent

Most of the cities in southern India have their realty markets harping largely on the IT sector. Hyderabad, in particular, sees a high number of residential and commercial inquiries that are derived from the well-established software market here. The demand for rental properties too is quiet high in the city. The number of expatriates that arrive here in search of jobs find living as tenants the viable option. The low and middle segment income group too prefers to live on rental properties. There are certain localities where average rental rates are quite nominal, while at others, they can be very high to afford by average end-users.

Hyderabad real estate offers a number of options to the seekers of 2 BHK rental houses. The prices can vary widely from one locality to the next. In Greater Hyderabad, the ideal options are APPA Junction and Kothapet. While APPA Junction is an affordable locality, with monthly rental rate as low as 3-4k, at Kothapet, the prices are relatively higher. A two bedroom rental flat is available at around 10k here. Within the Hyderabad city, the localities where monthly rent varies between 5k-10k are many: Kukatpally, Moti Nagar, D.D. Colony, Nallakunta, Vidya Nagar, Sai Murthi Nagar, Madinaguda, Attapur Ring Road, Nagole, A.S. Rao Nagar, and Vamasthali Puram. At Uppal Mandal, A.S. Rao Nagar, and ECIL too offer budget rates.

For the higher range, i.e. 11-20k range, flats for rent in Hyderabad can be searched in localities like Yellareddy Guda, Barkath Pura, Tolichowki, Hafeezpet, KPHB, Miyapur, Tulsinagar, Srinagar Colony, Basheer Bagh, Hyderguda, Kachiguda, and Himayath Nagar are good options for the tenants. Puppalguda, Ameerpet, Indira Nagar, Krishna Nagar, Kondapur, Balanagar, Yellareddy Guda too come under this category. In some localities of Kondapur, Jubillee Hills, and Madhapur, the properties carry hefty rates: in 20-35k range. The reason for heavy rental in these colonies lies in their well-developed infrastructure and availability of modern amenities. Most of these areas are the ones where there are well-established IT companies and there is no dearth of employment opportunities.

Makaan.com, the eminent realty portal, lists numerous flats for rent in Hyderabad, Bangalore, Chennai, and other metropolitan cities. The end-users can buy, rent, and sell Hyderabad real estate properties in different price brackets.

Plummeting Economy has not Effected Rates of Properties in Hyderabad

According to the Residex value by NHB(National Housing Bank), there are twelve Indian cities where residential rates have appreciated by 12%. One of these is Hyderabad. In the third quarter, i.e. Jul-Sep, this city saw an escalation of 5%. Hyderabad, akin to other tier-I cities, is undergoing plummeting in the overall demand, yet the prices have not got down that low. During the same quarter, the Residex of the city was reported at 88; the value was 84 in Apr-Jun quarter.

Properties in Hyderabad, in the western region, have been in news since they were allotted 3 million square feet of office space. Such a whopping addition would be a boosting factor for city's real estate market. This could also result in further increase in the capital rates. The rental rates in West colonies are already more than that in other Indian cities; standing at an average of 40/sft Over past 12 months, the rental rates here too have followed the suit.; they have escalated by 12% over this period. With the allocation of extra land, the western part shall see booming of more IT companies; thus generating more employment opportunities. That would mean that more population will commute from other parts of the city to here.

 

Apartments for sale in Hyderabad are witness to the set-up and commendable growth of IT companies and business centers. Localities like Jubilee Hills, Banjara Hills, Hi-Tech City, YusufGuda, and Kukatpally have already established themselves as nerve-centers of software sector. If compared to the colonies of East Hyderabad such as Uppal, Dilsukhnagar, Bahadurguda, and Malkaj Giri, the western locales have done far better in terms of IT/ITeS sector. Establishment of an IT investment region worth 2,00,000 crore is also on cards. This will be like a shot in the arm of western part.

Buy flat for sale in Hyderabad over real estate website, Makaan.com. Search for Hyderabad real estate, Bangalore, Chennai, and other states, across flexible price brackets.

Plenteous of Properties in Chennai Launched This Year

Chennai, a tier I city of India, has witnessed a number of things happening on real estate front. While other metros like Mumbai, Gurgaon, and Delhi have found themselves in the clutches of economic crisis and inflation, Chennai has managed to progress at a good pace in terms of realty market. A number of launches have seen light of the day here. Some of the reputed developers and builders have floated their high-end projects in the city. The demand for office spaces, according to the research firm Jones Lang LaSalle. Top-class offices have been opened in IT-backed localities. A series of projects have been initiated in Central Business District(CBD).

Several eminent office-centers have been launched , and most of them have kept economization of space in consideration. On the similar lines, realty companies have continued witnessing the demand for leasing spaces. In residential sector too, properties in Chennai have seen a steady growth. Though the absorption rate is not too high, yet the big banners have rolled out several projects in different parts of the city.

 

Let's have a look at some of the new launches that Chennai has seen lately. Real Value Promoters have come up with their apartments in Chennai in the plush locality R. A. Puram. The residential project comprises of 18 luxury flats laced with several mod cons, including panic rooms, 7 level security system, 4D movie lounge, and banquet halls. This shall be one of the most expensive projects that shall consist of spacious apartments in 14-20 crore range.

Artha Homes has rolled out its set of elegant and sophisticated flats under the name 'Crystal Park' at Old Mahabalipuram Road (OMR). It shall have 2 and 3 room flats, occupying area range between 1200-1660 sft. Ananda by North Town Estate, has 1, 2 and 3 BHK flats, designed with contemporary architecture. Yet another project that saw light of the day is Verterra by Primex Infrastructure. The 1, 2, 3 room apartments flats are environment-friendly and emit minimum pollution.

Makaan.com, the eminent search property site, lets you search flats, villas, bungalows, farmhouses in different Indian cities. Apartments in Chennai are available for buying and selling. Look for price trends for Chennai real estate, on quarter to quarter basis.