Localities Offering a 2 BHK House for Rent in Chennai Below 10k

Chennai, known for its staggering performance in IT sector and having a wide base of manufacturing industries, offers budget rental properties. The city that has earned the distinction of being India's second largest exporter of IT, sees the influx of a large number of young professionals every single year. Steady employment generation and affordability are the prime reasons why Chennai is a preferred city for prospective renters. Before you set off for this city, it is important to the average rental prices prevalent over it different localities.

Tenants looking for a 2 BHK house for rent in Chennai in 2-3k monthly budget would find Poonamalle Highway, Guduvancheri, and Sai Nagar can be good options. In 4-5k monthly bracket, the localities worth looking for can be Kolathur, Urapakkam, Padi, Guduvancheri, and Madambakkam. Simialr starting rates are prevalent over Kattupakkam, Koril Pathagai, Koyarmedu, and Perungalathur

 

In the higher price bracket, i.e. 5-8k come well-developed localities including GST Road, Vandalur, Anna Nagar, Avadi, and Madipakkam. A 2 BHK flat for rent in Chennai properties across Perungalathur, Sriperimbudur, Chembarambakaam, Tambaram, and Mudichur is available in the same price bracket. Finally, 8-10k starting monthly rentals are prevalent over Chromepet, Pammal, Porur, Selaiyur, Sholingallur, and Iyyapanthangal.

Search real estate sites and know more about the ongoing rental rates in Chennai. Search and sort properties online and be at the disposal of a multitude of new and resale projects.

Property in Hyderabad Real Estate: On the Road to Recovery

Hyderabad is finally witnessing the buying clarity crept in months after the state got entangled in Telangana issue. It is for the first time after creation of a separate state that the number of real estate transactions have gone up. Till now, buyers' sentiments were running largely negative on account of ongoing state of affairs. But 2014 seems to have brought a new ray of hope for them.

The over all Hyderabad property business has taken a steady path. This is indicated from the increase in the number of stamp and registration data. As per research, the total revenue collected from city has stood at about Rs. 2500 lakh. As the stability seems to be setting in fast, big players in property have forayed in the market. All the hopes are now bound to the new government policies.

As prices haven't, as yet, appreciated too much, the current period is apt to buy residential apartments in Hyderabad. Still, price rates across localities like Ameerpet, Gachibolwi, and Kondapur witnessed an upsurge in Jan-Mar, 2014. While price hike in Ameerpet was recorded at about 5%, at Gachibowli in the said period, Gachibowli witnessed 8% rise, while at KBHB, the prices went up by a much higher rate. Ameerpet, better known for a multitude of software training institutes, is a major commercial hub. Gachibowli derives its growth from IT sector. Its proximity to Hi-tech City is a major plus point. Kukatpally(KBHB) is a well-known residential cum shopping hub.

As against residential sector, the demand for commercial properties is more on the lower side. But, the strong presence of IT sector shall continue to rope in more corporate houses to the city.

Two-Room House for rent in North and South Chennai: Average Price Trends

When it comes to rental market in Chennai, the demand remains steady all through the year. The demand comes from its own denizens as well as from the immigrants that arrive here every single year. Presence of IT sector and good number of employment opportunities are the prime reasons that drive this rental demand. This blog post throws light on the average monthly rentals prevalent in northern and southern parts of the city.

South Chennai comes with several affordable options. Localities like Guduvancheri, Urapakkam, Oragadam, Padappai, and Madambakkam can be the best for the seekers of cheap rental houses. A 2 BHK house for rent in Chennai across these areas can cost a monthly rental in 4-6k bracket. Over injambakkam. Kottivakkam, Maraimalai, Neelangarai, and East Tambaram, the stating rents for a two room flats generally fall in 7-8k range. 

 

For renters on the look-out for apartments in 8-10k range, South Chennai offers a multitude of options. The two-room rent houses in Chromepet, Saidapet, Pallavaram, Poonamallee, Pallikaranai, and Perumbakaam are the localities worth mentioning here. Higher rentals, i.e. in 10-15k brackets, are prevalent over high-developed locations including Peeyar Nagar and Thiruvanmiyur,

North Chennai real estate too offers many a good option for seekers of rental apartments. The tenants on the look out for cheap options can hunt properties in Ambattur, Avadi, Puzhal and Thirumullaivoyal. Kolatuhur, Moggapair, Pallavaram, and Virugambakaam are the other options where 2 BHK apartments are available at cheap rates. Mogappair is a prime residential area that is known for the presence of IT offices. The rentals are mostly reasonable and is known for being Chennai's major shipping district. For seekers of rental properties in 12-25k range, Anna Nagar, Aynavaram, Thoraiappkam, and Purasawakkam are among the best choices that tenants can make. Thoraippkama, situated over OMR(Old Mahabalipuram Road), is a hub of IT companies.

Top Localities to Hunt an Apartment for rent in South Bangalore Real Estate

Out on the search for a rent house in South Bangalore? You are the at the the disposal of staggeringly high number of options. Most of the South Bangalore localities are highly-developed and carry up-to-the mark infrastructure. Let's have a look over some localities that can be the best bets for prospective tenants.

1. BTM Layout: Known to be a high-growth locality, BTM Layout has got location advantage. Bring situated close to HSR Layout, ORR, and Koramangala, BTM is one of the most sought after localities for hunting a house for rent in Bangalore real estate. An important residential as well as commercial hub, it has seen good appreciation of price rates over year. To buy a 2 BHK flat here, you need to have a budget falling in 10-15k bracket.

2. JP Nagar: If you look across J P Nagar, you would mostly find independent houses here. A plush residential area, the locality has developed into a significant micro market and is mostly populated by elite. For those who are looking for an apartment for rent in Bangalore in the comfortable 9-10k rental range, JP Nagar can be among the best places.

3. HSR Layout: Unlike other Bangalore localities, HSR Layout is situated in quietude. A major IT corridor, the area has seen a deluge of residential apartments in last decade. Land prices have appreciated well here and at present, it has become a dependable investment option. 2 BHK rental price rates over HSR Layout too are averaged around 10k.

4. Koramangala: One of the most expensive places to hire a rental flat. Koramangala is dotted with luxury apartments, villas, and bungalows. Cris-crossed by important link roads like Sarjapur Road and O.R.R. have been the boosting factors for its realty market. To hire a two-room apartment here, you may need to pay an average monthly rental of 30k.

Price Trends for Three-Room Rent Houses in Hyderabad Real Estate

Hyderabad, India's major urban conglomerate, witnesses an influx of a huge population from other metros. It is the strong presence of several IT majors attracts young professions who come here in search of jobs. To cater to the dwelling requirements of its own population as well of these migrants, the city carries rental spaces. Hyderabad real estate price rates of rental properties vary from one locality to the other. This blog throws light on the average starting price rates of a 3 BHK apartment in its different regions.

Seekers of cheap rent houses in Hyderabad can go for locations like Bachupally, Moulali, and Secunderabad. A three-room flat can be available at an easy 7-10k monthly rental. Over Tolichowki, Neredmet, Serlingpally, Kompally, and Attapur, the monthly rent , generally, varies between 10-15k. Similar rates are prevalent over Miyapur, Srinagar Colony, and Lingampally.

Talking of hig-end localities like Gachibowli, Madhapur, Chanda Nagar, Begumpet, and Kondapur. Here, the rates usually fall in 15-20k bracket. It is presence of good infrastructure and a well-developed IT sectors that demand for rental Hyderabad properties remains high here. Still higher rates are prevalent in posh locales such as Hi-Tech City, Hafeezpet, Marredpally, and Yellareddyguda. The signature colonies like Banjara Hills and Jubilee Hills too are expensive to buy a rental apartment. Falling in 20-30k/month range, the prices can go as high as 1 lakh and even higher than that.

During first quarter of 2014, the rental rates depreciated in Ameerpet, Banjara Hills. Hi-Tech City, and Begumete. The prices, however, did not went an appreciable change over Manikonda, Madinaguda, KBHB Colony, Hyde Nagar, and Miyapur.

The rental rates are expected to rise in the mounts to come, given that the chaos arising from the creation of a separate Telangana is finally over.

How Rental Property Market Rate Fare in Bangalore?

The Electronic City, Bangalore, witnesses arrival of a good number of young professionals seeking employment opportunities. The city which is a popular exporter of software comes with a number of plus points. The relatively cheaper affordable options along with good physical infrastructure pulls in huge crowds. Its stronghold over rental market along with excellent connectivity have imparted it with good importance for the exodus of immigrants. To cater to the spatial requirements of these along with its own population, the city comes with a number of rental options.

Consider a 2 BHK flat for rent in Bangalore. Cheap rates are prevalent in localities like JP Nagar, R T Nagar, OMBR, Banashankari, TC Palya, and Horamvu. The areas offer 2 BHK rental apartments with monthly rentals beginning at around 6k. Over Whitefield, Dinnur, Old Madras Road, Whitefield, HSR Layout, Kundanhalli, and KR Puram too, the monthly rentals can cost a tenant around 8-10k.

Tenants looking for two-room apartments in 10-12k range can make search in locations like Yelahanka, Banaswadi, BTM Layout, Mahadevpura, Padmanshala, Babusapalaya, Lingrajapuram, and Sanjay Nagar. Similar rates can be expected in Sahakar Nagar, Ganga Nagar, Kodigehalli, Maleshapalaya. For rental houses in 12-15k rental range, tenants can make search in Doodankunte, Benson Town, Bellaundur, OAR(Old Airport Road), and HMT Layout. Prime locations like Jayanagar, and Indira Nagar carry high rentals: the starting price for a 2 BHK apartments in Indira Nagar can be around 20k.

Price rates of property in Bangalore have not shown much appreciation over years. The city's is primarily a buyer's market rather than an investor's. Rental prices, however, have seen an increase over past 12 years. Localities like JP Nagar, Marthahalli, Bannerghatta Road, Sarjapur Road, Electronic City, Kundanhalli, Cookes Town witnessed price rise.

Looking for Two-Room Flats for Rent Across Hyderabad Property?

Looking for a rent house in the City of Pearls, Hyderabad may not be a very arduous task for a prospective tenant, but it takes a great deal of thought-work before he pays nod to a particular property. Tenants must be aware of the price rates prevalent over the particular locality where they are seeking a rental house. Given that the city has good physical infrastructure and excellent connectivity, the demand-graph keeps itself more on the higher side. The demand comes from both its local population as well as from the migrants from other cities. Every year, the city witnesses an exodus of migrants getting added to its population. This calls for a steady requirements for rental properties.

To have an idea of how flats for rent in Hyderabad fare in terms of prices, let's have a look over average price rates prevalent across its localities. Let's consider a 2 BHK apartment as a reference. The tenants looking out for some really cheap options can pin their hopes on ECIL, Somajiguda, Nagaram Village, and Beeramguda. Across these, one can find two-room flats with beginning prices in 2-6k rental range. Other cheap options can be Boduppal, Miyapur, Chiatnyapuri, and Kukatpally. Tenants for whom 7-10k monthly rental is feasible have a whole lot of choices to make. Look across Tolichowki, Lingampally, Madinaguda, Bachupally, New Bowenpally, and Attapur. Similar rates are prevalent over JNTU and Madhapur.

Now coming to high-end localities... Hyderabad property rates across D.D. Colony, Gachibowli, Kondapur, Jubilee Hills, Banjara Hills, and Manikonda fall in 10-15k monthly rental bracket. Others well-developed areas like S. R. Nagar, PG Road, Nagole, Cyber City, and Trimulgherry too have similar beginning rental rates. Basheer Bagh and Sanath Nagar are known for their high monthly rentals. A two room apartments here can cost a tenants as low as 20k.

Makaan.com is one of the top property site in India which provides various types of property for buy, sell or rent.

Traction for Property in Chennai Observed in 2013

Real estate market in Chennai showed signs of steadiness last year. This year too, the city is expected to maintain this traction. In light of the high-end infrastructural projects, the realty prices can go up in the months to come. A number of sub-markets have already witnessed price appreciation on account of the ongoing Chennai Metro project. The project is deemed to reduce traffic congestion caused by vehicles plying on road. The expected price appreciation in the nearby areas is about 10% and more.

The upward trend for property in Chennai has been observed in and around areas like GST Road, Porur, and Sriperumbudur. Across these, the total number of inquiries went all the way up. Conversation rates in these localities also witnessed a significant improvement. On the other hand, places like Oragadam and Old Madras Road(OMR) have not seen any major change in number of transactions. The realty market of the city is largely end-user driven, still, there was a good increase in the number of short-term investments in 2013. 

In Central Chennai demand for residential spaces outstripped supply. In Central Chennai particularly, the demand market has performed well. Still, there are localities like GST, Oragadam, and OMR where the number of unused inventories is quiet high on account of lack of demand. The overall transactions for apartments for rent in Chennai improved last year.

In South Chennai, traction has been observed in some parts like Thoraipakkam, Perungudi, and Perumbakkam. Over Perumbakkam, a number of mid and high-end realty projects have been launched. Velachery, an area with a strategic location and super-connectivity, has seen price appreciation in last several months. With the construction of several integrated projects , Semnnachery has performed quiet well.

Hunting for a 2 BHK Flat for Rent in Bangalore Residential Property?

Excellent developmental scope and presence of physical infrastructure are the prime reasons why Bangalore is one of the most preferred cities for realty buyers. City's rental market too has performed nicely over years. Demand for rental houses comes from both its local population as well from the expatriates that migrate here on regular basis. The city, unlike its northern counterparts, provides several affordable options to its tenants. We are going to have a look into the average rental rates of a two-room apartment in city across its several localities.

For a tenant looking for 2 BHK flats for rent in Bangalore, there are a couple of options. While there are budget localities like R.T. Nagar, Kundanhalli, Banashankari, J P Nagar, and Kammanhalli. Across these, one can find a two room house with rental prices in 6-8k rental bracket. Likewise, localities including names like TC Palya, K.R. Puram, Old Madras Road(OMR), Horamvu, Whitefield, and Dinnur: the rates on lower side across these lie mostly in this range.

For tenants who can pay monthly rental in 8-12k range, localities like Lingrajapuram, Marathahalli, Babusapalaya, Hoysala, Maleshpalaya, Yelahanka and Sahakar Nagar can be the apt choices. On the similar lines, Padmanshala, Kodigehalle, HSR Layout, C.V. Raman Nagar, Koramangala, Ganga Nagar, and Rammurthy Nagar carry similar rental rates.

For seekers of 2 BHK residential property in Bangalore, the city offers better options in the form of some well-developed localities. BTM Layout, Banaswadi, Anand Nagar, Bellandur, Mahadevapura, Old Airport Road, Doodankunte, Jayanagar, Benson Town, HMT Layout, and Jeevan Bima Nagar. Most of these have seen flourishing of IT companies over years and are considered premier areas for seekers of residential spaces.

Steadily improving connectivity and preference by High Net Worth Individuals(HNIs) have done wonders for city's realty market. In spite of affordable prices, the market for rental properties manages to keep its head above water.

Chennai Properties Continue to Maintain Traction in 2014

The city of Chennai managed to give up-to-the-mark performance last year and if the trade pundits are to be believed, the city is expected to fair well this year too. Presence of excellent infrastructure, upcoming metro project, and stronghold over software sector have been the boosting factors for city's property market. Chennai Metro which is suppose to be developed in two phases has placed a positive impact over property rates that have already witnessed a rise of about 10% in the nearby localities.

The upward trend for Chennai properties has been observed in and around areas like GST Road, Porur, and Sriperumbudur. Across these, the total number of inquiries went all the way up. Conversation rates in these localities also witnessed a significant improvement. On the other hand, places like Oragadam and Old Madras Road(OMR) have not seen any major change in number of transactions. The realty market of the city is largely end-user driven, still, there was a good increase in the number of short-term investments in 2013.

In Central Chennai demand for residential spaces outstripped supply. In Central Chennai particularly, the demand market has performed well. Still, there are localities like GST, Oragadam, and OMR where the number of unused inventories is quiet high on account of lack of demand. The overall transactions for flats for sale in Chennai improved last year. 

In South Chennai, traction has been observed in some parts like Thoraipakkam, Perungudi, and Perumbakkam. Over Perumbakkam, a number of mid and high-end realty projects have been launched. Velachery, an area with a strategic location and super-connectivity, has seen price appreciation in last several months. With the construction of several integrated projects , Semnnachery has performed quiet well. Siruseri too has seen a plethora of mid and small segment housing projects going on; the presence of Asia's largest IT Park has awarded it with the commercial and corporate importance. East Coast Road(ECR) is dotted with a number of luxury projects and is witness to a high demand for high-end bungalows.

Makaan.com, is one among the top real estate site which lists all type residential properties in Chennai across variable price range.

New Property in Hyderabad: Ready-to-Move Projects in Gachibowli

Like other tier-i cities of India, Hyderabad is witness to a multitude of ready-to move residential projects. This blog throws light over some of these new projects that the developers and builders have launched in 2014 and are ready for possession by buyers. A good number of these have emerged in the one the prime localities of the city, namely, Gachibowli. Let's have a look on the premier projects that have come up here.

Nagarjuna Residency by NCC Urban offers 3 BHK apartments in Hyderabad, The units are valued at around 1.2 crore and carry 2430-2434 sq. ft. area. Laced with ultra modem facilities, aesthetic design, and hi-tech security system, this project in Gachibowli is one of the prestigious projects that have come up in 2014.

Ramky Towers is another prestigious project for residential Hyderabad property. Valued at 1 crore and above, the project comes with 3 and 4 BHK apartments and occupy area in 1950-2420 sq. ft. range. The project offers everything from steam to sauna and jacuzzi to health club. Gauthmi Iconica by Gauthmi Developers comprises of 3 BHKs worth 70 lakh. Standing over an area of 1750 sq. ft. each, the residential units have been developed after meticulous planning and incorporating global standards. With several corporates in its vicinity, it has garnered attention of buyers and investors equally well. 

 

Yet another premier projects to buy property that have merged in Gachibowli flats are by Emmar MGF. Named Boulder Hills, the project comprises of 2, 3, 4 BHK residential units. Built in the form of an integrated township, the project boasts of international standards and a high-end golf course.

Bangalore Real Estate Market Growing by Leaps and Bounds

Bangalore's real estate sector has been searing over years and has turned a series of investments from HNIs(High Net Worth Individuals). It is city's magnitude of progress in terms of property market that it has acquired the status of being 3^rd largest hub for HNIs. There are a number of economical and infrastructural factors that have set ablaze the city's performance in realty sector. Strong presence of Informational Technology and BPOs have resulted in some miraculous effects upon its overall performance.

Dotted with IT parks, Aeronautical and Biospace companies, India's fastest growing city has acquired magnanimous scales of real estate growth. To add to this, real estate Bangalore has got exacerbation from the growing demand for both residential and office space. The city is all-set to meet the whooping office demand for 6.3 million square feet in 2014. Realty barons are counting high on city's sempiternal abilities for good returns.

The city is also witnessing good demand supply ratio. With the emergence of high-growth localities such as Outer Ring Road and North Bangalore, demand for apartments in Bangalore has seen grown significantly. With the a vast improvement in the disposable incomes of its denizens, the demand patterns have changed. More and more young buyers are now in a position to afford high-end properties.

A spur in buy property activities has been witnessed in East Bangalore. With the development of EPIP(Export Promotion Industrial Park(EPIP), the demand graph has headed towards the higher end. Good economical conditions along with improved connectivity have too gone in its favor. With the emergence of Peripheral Ring Road, localities like Whitefield and Yelahanka shall see a spur of real estate activities, in the time to come.

Preferred Localities for Hiring a Flat for Rent in Hyderabad Real Estate

Hyderabad, a city with a stronghold over IT sector and excellent physical infrastructure, sees a good demand for rental properties every year. It is not its local population from where the demand for rental properties comes. A major part of it is derived from the expatriates too. Rental market, in contrast to buy market, has been able to sustain itself better. To hire a house on rent in this city, a tenant must know of the preferred localities and the prices that they carry. Let's have a look on these.

Kothaguda, one of the preferable locations for hiring a house for rent in Hyderabad. This suburb is backed with a a string economy and high developmental rate. Created as a model town, Kothaguda's has witnessed a sea change in key areas of its infrastructure. Marredpally, divided into east and west parts, is residential upmarket of Hyderabad. Laced with educational institutes, supermarkets, malls, and hospitals, the locality has gained prominence in realty market.

Jubillee Hills and Banjara Hills, Hyderabad real estate up-markets known for their expensive realty prices and high-end infrastructure, are usually inhabited by the elite and high-income groups. Both are major commercial centers and are marked with swanky malls and restaurants. Jubilee Hills, the political hub of Hyderabad, is distinguished for having some high-end film studios.

Madhapur, another locality known for its IT sector, is preferred by buyers from high-income groups. Apart from having software industry, the locality is also known for the presence of a number of international BPOs. Ameerpet, a locality more popular for its set of training institutes, was a mere a pool of undeveloped plots a decade ago. At present, it is witnessing a number of real estate constructions. Kuktapally is a major residential as well as commercial hub of North Hyderabad and is one of the best localities for tenants who are on the look-out for a flat for rent in Hyderabad. Its strategic proximity to Hitech City has rendered several advantages to it.

Bowenpally is a locality inhabited by mid and high income groups. The suburb is a part of Secunderabad. Gachibowli has some major companies like Accenture, Capegemini, Wipro, and Amazon. Hitech City is a technology township sprawled over 151 acres and has been built in different phases like Cyber Tower and Cyber Gateway. The all-famous Mindspace IT Park too is located here and carries the capacity of 370,000 sq meter of office space.

Makaan.com, a leading realty portal, features under-construction and ready-to-move real estate in Hyderabad India. The site also lists budget and luxury house for rent in Hyderabad across its various localities.

Rental Values of 3 BHK Residential Properties in Bangalore

Demand for rental properties in the Electronic City, Bangalore, remains steady, thanks to the good number of job opportunities created year after year. Presence of software sector, up-to-the-mark infrastructure, and good connectivity have remained the major contributing factors for steady progress of rental market. As far as price rates are concerned, they vary from region to region. This blog discusses about the average market rates for a three room residential apartment on rent.

Central Bangalore is one of the most expensive regions and a 3 BHK apartments for rent in Bangalore can cost anywhere in Rs. 25000 and 1 lakh. For the tenants seeking three bedroom flats in localities like Benson Town, Frazer Town, Richmond Town, Indira Nagar, St. John Road may need to pay monthly rental in 25-30 k bracket (starting rates). Over Levelle Road, Vasanth nagar, Commercial Street, Queens Road, and Cook Town, the starting prices are concentrated around 35-45k/month. Still higher rates are prevalent in Palace Road, Coles Road, Aga Abbas Ali Road, MG Road, Cambridge Layout: a three room apartment can cost a tenant around 60-90k/month.

A tenant looking for three room flats in East Bangalore has several options. Whitefield, Maratahahalli, and Horamvu are the budget localities. A three room apartment across these may cost a tenant a monthly rent in 9-12k range. Residential properties in Bangalore across Mahadevapura, Sarajapur Road, Doddankunte, Thippasandra, ITPL, HBR Layout, and OMR (Old Madras Road) are available at monthly rental lying in 15-20k range. 3 BHK properties at Indira Nagar, AECS layout, and Kundanahalli come at higher monthly rentals.

South Bangalore houses some well-known localities such as Whitefield, Jayanagar, JP Nagar, Banasahanakri, Hosur Road, and others. Tenants can avail three room apartments in 10k-1 lakh bracket. For 10-15k rental, the apt localities are JP Nagar, Electronic City, BTM Layout, Hosur Road, and BTM. Rents in 15-20k are prevalent over Jayanagar, HSR Layout, and Koramangala.

Where can you find 4 BHK Apartements for Rent in Chennai Real Estate?

Searching for a 4 BHK flats for rent in Chennai? If you have a good take-home pay and can afford to set aside at least 15-20k as monthly rental, you are at the liberty to have many options across different parts of the city. A typical four-room apartment in city can cost as low as 15k and as high as 1 lakh. Let's have a look over different rental brackets prevalent over different localities.

For tenants looking for el-cheap options, Chennai real estate offers localities like OMR (Old Madras Road, Pallikaranai, Pammal, Perumbakkam, Urapakkam, Ayanbakkam, and Porur. The typical rental range for a 4 BHK flat across this is 15-20k/ month. In 20-30k rental bracket, options like Gopalapuram, K.K. Nagar, Keelkattalai, Kodambakkam, Perungudi, Thazhambur, and Nungambakkam can be good choices for tenants.

4 room apartments for rent in Chennai that are available @ monthly rental lying between 30-40k are many. Prominent locations such as ECR, Kilpauk, Kottivakkam, Mandavelli, Mylapore, T. Nagar, and Iyyapanthangal. Eggattur, Uttandi, Sembakkam, Choolaimedu, Maramalai Nagar, Chromepet, and Cenotaph Road are the posh areas and carry expensive rentals. The price bracket across these generally lies in 40-50k bracket.

If you can shell out 50-80k as a rental money every month, the localities that can be apt for you are Akkarai, Alwarpet, Besant Nagar, R.K.Salai, Neelankarai, Senthome and Oragadam. Still higher rentals, i.e. touching 1 lakh value are prevalent over prime residential areas sch as Boat Club Road, Kotturpuram, MRC Nagar, Abhiramapuram, Ayanvaram, Chetpet, and Pallavakkam.

Chennai rental properties have managed to be in demand, thanks to the presence of IT sector and high-end infrastructural projects. The city is well-connected and has made tremendous real estate development over last decade. Migration of expatriates from other cities has also kept the rental market all hot.

How Residential Hyderabad Properties Fare in Realty Market?

The year 2013 brought a lull in Hyderabad's real estate market. The absorption was an all-time low and with the creation of vacant land for development, the absorption rate fell further. This was true in case of commercial realty market, but residential sector gave satisfactory performance. In spite of being caught badly in Telangana issue, Hyderabad's real estate managed to keep its head well above water. Property rates of flats in the city have not budged from their place over a span of several years. Still, there are some locations where some appreciation did take place.

The quarter-on-quarter appreciation of real estate Hyderabad took place across Alwal, Appa Junction, Madhapur, and many more. An appreciation of 1-5% was observed in the last quarter of 2013 across Kompally, Kondapur, Alwal, Appa Junction Sainikpuri, Bandlaguda Jagir, Banjara Hills, and Ameerpet. The properties underwent a higher escalation in localities like Madhapur, Hi-Tech City, Bowenpally, Kompally, A.S. Rao Nagar, Padmarao Nagar, and Rajender Nagar.

As far as prices of Hyderabad properties are concerned, they are affordable in comparison to the other tier 1 cities of India. To delve deeper, we consider a 3 BHK multistorey apartment across city's various regions, and see how the localities fare in terms of prices, and this context, it is for those three room apartments that are valued at 40 lakh and below. Across Vikarabad, Nagaram, Shadnagar, Alwal, and LB Nagar, a 3 BHK comes at an affordable price bracket of 15-25 lakh.(These are starting rates). In Attapur Road, Bolaram, Pocharam, Sainathpuram, Kompally, and Beeramguda, the same is available in 25-30 lakh segment. Similar rates can be expected over Manikonda, Kadtal, Uppal Mandal, Bowrampet, and Bachupllay.

For seekers of 3 BHK apartments in Hyderabad in 30-35 lakh bracket, Gachibowli, Maninanagr, HiTech City, ECIL, Kapra, and AS Rao Naagr. The prices across Alkapuri, Tellapur, Medak, Bowenpally and Yapral are relatively higher: lying mostly in 35-40 lakh price segment.

Makaan.com is a premium online property website which facilitates platform for buyer and sellers.

Areas to Hunt Single Room Flats for Rent in Chennai Properties

Where would you look for 1 BHK apartments for rent in South Chennai? Well, there are a whole lot of options and make a choice. A tenant looking for a rental apartment must know of the average monthly rentals prevalent over a particular locality. Most parts of South Chennai offer affordable houses on rent, thus catering to the requirements of seekers from low and mid income groups. This blog discusses prominent localities along with their rental rates.

1 BHK flats for rent in Chennai in the southern part of the city offer rentals in 4-6k segment. Thoraipakkam and Palavaram are the budget localities with monthly rent as low as 4k. Strategically located over Old Madras Road, Thoraipakkam is a locality with excellent connectivity to other parts of the city. Thoraipakkam-Pallavaram Road is a connecting link between GST Road and IT corridor.

Medavakkam, a residential suburb of South Chennai offers 1 BHK rental flats with starting price Rs. 6k. The location lies in proximity to International Airport and has seen a spurt of residential apartments owing to its closeness to OMR and GST. Velachery is a residential locality where Chennai properties on rent are available at a convenient price tag of about 8k. The area has witnessed development of IT sector over last one decade. Developing at a good pace, Guduvanchery is a suburb that acts as connecting link to southern and western localities of Chennai.

Other locations worth mentioning are Virugambakkam, T. Nagar, Guduvanchery, and Neelangarai. The average rental range for one room properties lies in 6-8k bracket. The prices mentioned are only starting and the upper rates can be much higher.

To search 1 BHK, 2 BHK and 3 BHK apartments or rent in Chennai, one can look online property portals available.

Market Scenario for a Two Room House for Rent in Hyderabad Properties

Much ruckus was created before Telangana was created, and Hyderabad city found itself in the middle of different type of speculations. While several trade pundits predicted the rental market in the city to go only in one direction, i.e. down, the scenario post Telangana is indicating quiet contrary. After the division, the rates of rental properties escalated, especially in South Hyderabad. Over areas like Gowlipura and Lala Darwaja, the rental prices have almost doubled. Though in localities, rental rates went down, 2014 is expected to see in overall appreciation.

To know of the rental price trends, consider a 2 BHK apartment. Among the budget localities come names like Ameerpet, Begumpet, Boduppal, and Beeramguda. A hire a two room flat across these localities, a tenant may need to pay rent in 3-5k range. The monthly rental in 6-10k price bracket is prevalent in Tolichowki, Bachupally, Bowenpally, Lingampally, Madinaguda, and Nizampet. The other areas where the rental rates of properties in Hyderabadare almost similar are LB Nagar, Mehdipatnam, Madhapur, Himayath Nagar, Malkajgiri, and Domalguda. Some prime locations such as Gachibowli, D D Colony, KBHB, Miyapur, Kondapur, and Ameerpet too offer rental properties in this price bracket. A house for rent in Hyderabad with rental range 11-15k can be searched across S R Nagar, Hi-tech City, Srinagar Colony, Banjara Hills, Jubilee Hills, Nallagandla, Panjagutta, and Narsinghi

As far as average per square feet rate of rental properties in Hyderabad localities come with different values. While Banjara Hills, Gachibowli, Hitech City, Jubillee Hills are some of the expensive places to live at, and the psf rates across these are high: 14-18/ sq. ft. D D Colony, Ameerpet, Begumpet, Miyapur, Malkajgiri, KBHB Colony, Kondapur, and Kothaguda carry average psf rates in 8-14/ sq. ft range. The population boom over Hyderabad's Inner Ring Road(IRR) has attributed to the rise in rentals in Banjara Hills, Attapur, Begumpet, LB Nagar, and Nagole. The recent widening of IRR further gave a boost to rental rates in the areas lying on its either side. Areas around Charminar too have undergone price appreciation of their rental properties. To hire a rental property in Darulshifa, Khilawat, and Pathergatti, a tenant may have to pay rental in 6-10k bracket.

Two Room Flats for Rent in Bangalore Residential Property Options for Tenants

The Electronic City, Bangalore, has always occupied a catbird seat as far as the real estate market is concerned. Though the prices have not budged from their place from several years, the realty market's performance is recorded better if compared to other tier-I cities of India. The demand for rental residential flats remains on higher side of graph, thanks to good employment opportunities, state-of-art-infrastructure, excellent connectivity and well-developed localities. Rental properties are the ultimate choice for tenants who have expatriated from other cities. The rates are flexible and the city has something to offer to tenants from different income brackets. Before hiring on rent, one must be aware of the ongoing price trends. This blog post throws light on rental rates are prevalent over different parts of the city.

Two BHK flats for rent in Bangalore in western region are generally available in 5-20k price bracket. For tenants looking for inexpensive options can make a hunt in Basaveshwaranagar and Yeshwantpur. The starting prices over these areas are concentrated in 6-10k range. Residential properties with monthly rentals are prevalent in Vijay Nagar, Munishwara Layout, Malleswaram, and Kengeri.

Residential property in Bangalore in northern region too is available across variable price brackets. While the starting prices prevalent over RT Nagar, OMBR Layout, Kamanahalli, Ganga Nagar, and Rammurthinagar fall in 3-10k bracket. Hebbal, Banaswadi, Jakkur, Yelahanka, Horamvu, Amrutahalli, Thanisandra, and J.C. Nagar are the prime localities of North Bangalore: the rental rates for two room flat fall in 10-15k segment.

South Bangalore's affordable locations are BTM Layout, Kanakapura, Koramangala, Electronic City: a 2 BHK can be hired at a rental as low as 7-8k over these localities. For hiring flats for rent in Bangalore over Hosur Road, Begur Road, Bellandur, Arekere, and Basavgudi, tenants must expect higher prices.

Chennai Real Estate: Renting More Preferable to Buying?

In light of the skyrocketing rates of properties in India, the realty market seems to shift gears. An average buyer is now more inclined towards renting a house rater than making a buy. Same is the case with Chennai where this trend is quite noticeable. According to Makaan's Buy Rent Index(MBRI), this city has witnessed a rise in tendencies for hiring properties on rent rather than buying them. Over last two years, MBRI value increased by 7 points, shifting hitherto neutral Chennai real estate market to rental range. A value of more than 25 indicates that renting properties is more preferable than owning a house. While North Chennai MBRI stood at 27, South Chennai's index stood at 28 in the last quarter of 2013.

With more demand for flats for rent in Chennai, the prices have escalated across its several localities. The stock of inventories is limited while the demand is on the higher side; this has resulted in price appreciation of rental home. The space crunch was also brought about by the non- availability of vacant spaces: the rental flats in the city have the tendency to get consumed quickly, thus keeping several tenants in lurch. This, in turn, made the landlords raise rents. Ashok Nagar and Egmore witnessed an appreciation of 13% and 8% respectively over Oct-Dec, 2013.

But there are several Chennai real estate localities where rental rates underwent depreciation in last quarter of 2013. Prices in Besant Nagar, Chromepet, and Chetpet went down by 8-10%, while in Alwarpet and Kilpauk, the rates saw a 3-5% decline if compared to the previous quarter. However, on the whole, Chennai's increased preference for rental properties indicates that people find it more viable to live on rental spaces rather than purchasing their dream home.

Hiring Flats for Rent in Hyderabad Real Estate: How Much to Pay for a 2 BHK?

Andhra Pradesh's biggest part of GDP comes from Hyderabad, a city that ranks fifth in terms of its national contribution. City's realty market too has progressed well with a steady demand coming from both buyers and tenants. The city is frequented by a large number of expatriates, thanks to its well-established IT sector and excellent physical infrastructure. But as far as rental prices are concerned, the rates are lower if compared to other tier-1 cities of India. Let's see how the rental rates fare in Hyderabad across its different localities.

Consider flats for rent in Hyderabad, at Appaguda, Dammaiguda, Shannerpet, and Kothapet. The average rent in these areas for a 2 BHK ranges between 3k and 6k. Some of the other affordable regions in the city are A. S. Rao Nagar, Bularam, and Dilsukhnagar. We are talking about the stating prices here, The upper limit can reach up to 10-15k/month. At Miyapur, Nallakunta, D.D. Colony. Manikonda, Vidya Nagar, BandlaGuda, , Madhapur, Kukatpally, and Himayath Nagar, the rental range lies between 7-10k. These are, again, the starting rates.

Let’s us consider real estate Hyderabad in areas like Kondapur, D.D. Colony, Basheer Bagh, Nizampet, Tolichowki, Kamalapuri, Balanagar, a two-room rental house can cost a tenant anywhere between 11-15k, and even above. Jubilee Hills and Uppal Mandal have hefty rental rates: between 20k and 25k. At Bowanpally, the highest value can reach up to 35k, depending upon the exact location of the chosen property.

The deposit paid at the time of possession too varies from place to place. Generally, it is lower than in other metros. At Kondapur, the deposit can vary anywhere between 45k and 85k, while at Dilsukhnagar, it is around 6-7k only. Within the same locality, the deposit sum can vary widely. For example, at Bowanpally, the annual deposit can be 14k for a monthly rental of 7k, and around 2 lacs for a 35k property. At IT-driven colonies, it is generally higher than other lesser developed areas.

Hyderabad Property Prices All Slated to Escalate This Year

Thanks to the much hyped Telangana division that Hyderabad real estate market managed to remain in news all through 2013. There is no denying to the fact the creation of a new state has been seen by both the developers and buyers as an issue of much importance. Now when the Bill has been given green signal, everyone is anxious to know in which direction shall the prices go. As per a report by the research firm Jones Lang LaSalle, the market prices shall see an appreciation in 2014. The market is heading towards recovery after facing a long period of stagnation.

The prices to buy property or rent house in Hyderabad have not budged an inch from their values since 2009. This makes the city a highly affordable market. But from investors' point of view, it lacks any major potential. But in 2014, the things are expected to undergo a change. Currently, even the high-end localities in the city like Banjara Hills and Jubille Hills have an average per square feet rates lower than the other top-notch localities of Delhi, Chennai, Mumbai, or Gurgaon. Even a tier-2 city like Vijaywada has higher psf values than Hyderabad. This clearly indicates that the city has, so far, not succeeded in utilizing its potential to its fullest.

Hyderabad property has a leverage of carrying IT-driven localities, a factor that makes it as the popular choice for expatriates who wish to settle here. IT industry has proliferated in areas like Hi-Tech City, Miyapur, Gachibowli, APPA Junction, Kondapur, and Madhapur. These colonies remain high on demand for residential properties in the city. In spite of their up-to-the-mark infrastructure, presence of commercial giants, they haven't seen any appreciable growth in their rates. According to Jones Lang LaSalle, the rates are expected to see a marginal increase of about 5%. It has predicted that market shall burgeon more once the Telangana issue is over.

How a Three Room Rent House Fares in Real Estate Bangalore

At a time when prices are witnessing year-on-year appreciation in metropolitan cities, the rates in the Electronic City of India, Bangalore have not appreciated too much. Given the fact that this city has a stronghold over IT sector and has excellent infrastructural facilities, the prices failed to see any rise over past several years. Bangalore’s market is largely buyer- friendly. As far as rental rates are concerned, these too are affordable for most tenants. In this blog post, we are going to see how a three-room apartment fares in terms of rental rates.

A typical three-room house for rent in Bangalore in the northern localities generally falls in 15k-60k price brackets. The starting prices at Hebbal, HBR Layout, Sanjay Nagar, and Yelahanka mostly stand at around 15-18k. AT RMV, Banaswadi, Jakkur, the starting prices are a bit higher: they are centered on 20k per month. RT Nagar, RMV, and Yelahanka have flats that can cost you somewhere near 40-80K. Let's compare it with South Bangalore locations. As southern part mainly comprises of IT-driven colonies, the demand for properties, and their rate are higher. At HSR Layout, you can find a 3 BHK in a broad range of 22k-1lakh.

Koramanagla is another plush locality of South Bangalore that carries high prices. A three-room flats here comes in 24-70k bracket. Other prime localities like JP Nagar, Bannerghatta Road, Kanakapura Road, Jayanagar, Electronic City, and BTM carry high price segments. At Banaswadi, BTM Layout, Jayanagar, the upper limit is usually centered on 40k.
Prices trends of real estate Bangalore in central part are highest if compared to other areas. The rate for 3 BHK residential properties here starts from around 30k. A few of such localities are Ulsoor, St. John Road, Richmond Road, Benson Town, Frazer Town, Vasanthnagar. At Richmond Road, Levelle Road, Cubbon Road, Queens Road, and Commercial Street, you will find three-room flats at the starting rate of 40-50k. Higher rates are prevalent in Cambridge Layout, Cunningham Road, MG Road, Coles Road, Aga Abbas Ali Road, and Palace Road: for a 3 BHK, expect the prices up to 90k to 1 lac per month.