Real Estate in Chennai Infographic @Makaan.com

Real Estate Trends in Chennai - Infographic by Makaan.com

The Rates of Three-Room Independent in Chennai Across Different Localities

There are myriad choices for the buyers of 3 BHK villas or independent houses in Chennai. In different parts of the city, the availability of such real estate spaces varies, and also their price values. We are going to throw light on the prices of such as 3 BHK independent houses across different localities.

Though there is no dearth of 3 BHK apartments in Chennai, independent houses are hard to find. In the central region, 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.

 

Real estate in Chennai 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, and Sholinganallur are a few names in this regard.

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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.

Localities in Chennai Offering Budget Rent Houses

No one, willingly, loves to live on a rental property. But buying a house of one's own has become the luxury of a few. The all-pervasive inflation, the ever-increasing hunger of the developers, and population boom have remained the primary factors behind dampening of dreams of many. So, the only option left is to hire a rental house. In a tier-1 city like Chennai, the need for rental properties remains an all-time high. It is not only cost-effective, but also fulfills the needs of those who have relocated here from other cities. Being an IT hub, the migrating population mainly belongs to the professional class who flock here in search of white-collared jobs.

Consider a 2 BHK flat in Central part of the city. A rent house in Chennai in this region comes with many options, and that too affordable ones. Choolaimedu, Arumbakkam, Nelson Manickam, Chetpet, Aminjarai, and Mehta Nagar are a few options where a tenant can look for a house in the rental range lying between 10-20k. A few other localities that come with affordable price tags are Chinmaya Nagar, Periamedu, and Mount Road.

As we are talking about Chennai property, we need to throw light over other regions too. Here too, a tenant is at the disposal of too many options in the above stated range. Take Avadi, for instance. For a two-room rental property, you can get a house at a price as low as 6k per month. Same is the case with Ambattur and Perambur: the rental rates as low as 5-7k can be expected here. Kolathur, one of the prominent localities of North, offers budget rental houses in 5-13k range.

Towards North, though the rates for residential properties are quiet high, the rent houses within budget can be availed in several localities. Velachery, Urapakkam, K.K. Nagar, Tambaram, Madambakkam, and Sholinganullur have cheap rental properties, in addition to the pricey ones. In West, you can hunt two-room flats in localities like Porur, Ramapuram, Madanandapuram, Koyambedu, and Ayapakkam,

Make property search, both residential and commercial, over the real estate portal, Makaan.com. The portal comes with many options for seekers of rent house in Chennai and other cities of India. Keep abreast of the property trends for Chennai real estate.

No one, willingly, loves to live on a rental property. But buying a house of one's own has become the luxury of a few. The all-pervasive inflation, the ever-increasing hunger of the developers, and population boom have remained the primary factors behind dampening of dreams of many. So, the only option left is to hire a rental house. In a tier-1 city like Chennai, the need for rental properties remains an all-time high. It is not only cost-effective, but also fulfills the needs of those who have relocated here from other cities. Being an IT hub, the migrating population mainly belongs to the professional class who flock here in search of white-collared jobs.

Consider a 2 BHK flat in Central part of the city. A rent house in Chennai in this region comes with many options, and that too affordable ones. Choolaimedu, Arumbakkam, Nelson Manickam, Chetpet, Aminjarai, and Mehta Nagar are a few options where a tenant can look for a house in the rental range lying between 10-20k. A few other localities that come with affordable price tags are Chinmaya Nagar, Periamedu, and Mount Road.

As we are talking about Chennai property, we need to throw light over other regions too. Here too, a tenant is at the disposal of too many options in the above stated range. Take Avadi, for instance. For a two-room rental property, you can get a house at a price as low as 6k per month. Same is the case with Ambattur and Perambur: the rental rates as low as 5-7k can be expected here. Kolathur, one of the prominent localities of North, offers budget rental houses in 5-13k range.

Towards North, though the rates for residential properties are quiet high, the rent houses within budget can be availed in several localities. Velachery, Urapakkam, K.K. Nagar, Tambaram, Madambakkam, and Sholinganullur have cheap rental properties, in addition to the pricey ones. In West, you can hunt two-room flats in localities like Porur, Ramapuram, Madanandapuram, Koyambedu, and Ayapakkam,

Make property search, both residential and commercial, over the real estate portal, Makaan.com. The portal comes with many options for seekers of rent house in Chennai and other cities of India. Keep abreast of the property trends for Chennai real estate.