Rental guide to homes near your workplace in Chennai
Chennai: The city has been emerging as IT hot spot. Thousands of IT professionals are attracted to the charms and promises of the city each year. This ever growing number of IT professionals who shift their base to the city of Chennai, usually includes migrating or floating population who are originally from out of Chennai.
With the bulk of this population being fresh hires or young professionals buying a residential property outright might not be an option. Commonfloor.com make it easier for professionals falling under this predicament to find and opt for the right accommodation with adequate space, facilities and privacy nearer their respective workplaces.
Homes for those employed by the IT industry:
For IT professionals a house at Old Mahabalipuram Road (OMR) could be the best option.
As per regional real estate experts, Kelambakkam, Perungudi, Sholinganallur and Thoraipakkam are some of the prominent localities on the thirty kilometer stretch of OMR located to the south of Chennai that can be considered.
Each of these localities possess easy and convenient accessibility by both road and rail networks while touting good social infrastructure. Additionally, the property values are low compared against the areas in and near the city center. A standard 2 BHK unit can be rented out for around Rs 9,500 to 20,000 per month, while a 3 BHK unit can easily command anywhere between Rs 20,000 to 30,000 per month, depending upon the location, specifications and furnishing.
Areas in and around the IT corridors like Chitalapakkam, Medavakkam, Pallikaranai, Selaiyur and Keelkattalai can also be considered as viable options for renting homes.
Homes for those employed by automobile segment:
The localities of Sriperumbudur and Oragadam have already been catering to those employed by the automobile or other manufacturing giants. In fact the same factor has driven the growth and development of these neighborhoods.
The crucial factors to be taken into consideration are proximity to commercial centers, presence of and connectivity to civic amenities. The added advantage within these areas is their affordability.
A 2 BHK unit can be rented out for around Rs 6,000 to 11,000 per month while a 3 BHK unit can easily command anywhere between Rs 11,000 to 15,000.
Additionally, the construction of the Oragadam Industrial Corridor Road is being undertaken by the State Government, which would further improve and enhance the connectivity between Grand Western Trunk Road and Grand Southern Trunk Road.
Homes at East Coast Road (ECR):
ECR proffers an array of housing options ranging from luxury villas to apartments.
ECR can be considered as a potential option by individuals falling under the high income earning category. As per realty experts, a completely furnished 4 or 5 BHK villa or an independent house can be availed starting from Rs 60,000 to 1,00,000 per month depending upon the property’s proximity to the beach.
The surging spate within availability of new launches established along ECR and OMR is another unique feature of the region.
