Best place for rentals in Chennai

Q: Where to find rental homes in affordable prices ? Can you let me know about the localities where I can find ?

Uday kumar, Chennai

19th February 2014

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Replies (3)

Guys Madipakkam has the second highest supply for rentable units within this budget range. Madipakkam only offers 2BHK within a monthly rent of Rs 5000-10,000. These units are sized between 850 and 1000 sq ft and are available for Rs 7500-10,000 per month.

Balwinder Singh,

19th February 2014

Comment

Also Urapakkam, in south Chennai, has been witnessing rise in rental values in 2013 registering a healthy yield of around 4.21 per cent in the last quarter (Oct-Dec 2013), but the locality remains affordable, largely offering 2BHK homes.

Gurmeet,

19th February 2014

Right Gurmeet, and the rentals will be Rs 6000-9000 as monthly rent. Several IT Parks and companies such as Shriram Gateway, Mahindra World City (Infosys, Wipro, Capgemini, MindTree, Tech Mahindra, BMW, Mahindra Research Valley, Fujitec, etc. are easily accessible.

Balwinder Singh,

19th February 2014

Hey the locality offers both 2 and 3BHK units within this budget range. One can get a 2BHK unit for a monthly rent of Rs 8000-9500. Roughly these units are sized around 600-1000 sq ft. On the other hand spending a little more can fetch you a 900-1150 sq ft 3BHK home. These are available below 10,000 per month.

Vivek Kulkarni,

19th February 2014

Comment

Hey Uday, localities such as Kelambakkam, Madipakkam and Urapakkam offer rental accommodations within a monthly rent of Rs 5,000-10,000.

Balwinder Singh,

19th February 2014

Comment

Yes Balwinder, Kelambakkam has the highest number of residential units for rent within the budget of Rs 5000-10,000. Localities along the OMR have always been in demand for rental destinations owing to their proximity to various IT companies.

Supratim,

19th February 2014