Wednesday 12 March 2014

Options for Tenants Looking for House for Rent Properties in North and South Chennai

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.

1 comment:

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