Kolathur offers cheap rentals
With real estate showing a considerable development pace in Chennai, every locality in the city has their own demand attracting factors. Among these factors affordability tops the list. Affordable price range attracts demand more than any other factor. But affordable prices have its own disadvantages too. The more the prices become affordable the higher gets the distance from the centre of city. This statement becomes invalid in the case of Kolathur. With affordable price ranges and located only few kilometers from the centre of the city this locality could be the best spot for your new home.
Kolathur is located few kilometers north to the central business district of Chennai. It lies in proximity to Jawaharlal Nehru Road which connects the locality to the Grand Southern Trunk Road that extends on the west as Guntur – Chennai highway. The locality is surrounded by other important micro markets like Villivakkam, Ayanavaram, Moolakadai, Perambur and Lakshmipuram. The nearest railway station for commutation is near Villivakkam.
Occupying a strategically favorable position in Chennai’s map Kolathur is well developed in means of both physical and social infrastructure. The locality has well established schools, banks, supermarkets, theatres, social gathering places and several ATMs. The main demand for the locality is from the IT/ITes industries in the vicinity like Ambattur Industrial estate, India land IT park, Ambit IT park etc.. A 2 BHK with 800 sq.ft. area costs about Rs. 7000 rent per month and a 3 BHK with the size of 1250 sq.ft demands a little above than Rs. 20,000 per month. Numerous residential houses and villas are available for rent too. One can rent out a 1 BHK residential house of 500 sq.ft. for a mere Rs. 4,000 per month. These residential options extend upto 3 BHK houses with area of 2000 sq.ft. asking monthly rental of more than Rs. 25,000. According to CommonFloor data, With an average price of Rs. 4,100 per sq.ft., One can afford apartments in this locality which mostly fall under affordable price range.
