Investment in Kelambakkam for healthy rental returns

Q: Hey I am planning to buy a property for good rental returns. Heard that Kelambakkam is good for investments. Kindly discuss on this news.

Shyam Sundar, Chennai

10th March 2014

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Also Chennai witnesses maximum rental demand in the budget range of Rs 5,000-15,000 per month. Since Kelambakkam fits in all the major requirements for home seekers connectivity through OMR and ECR and availability of property in the right budget.

Pranab Malakar,

10th March 2014

Comment

Guys.......... Developers, such as Purvankara Developers, Shobha Developers, Unitech Group and Om Sai Builders among others are coming up with multi-storey apartment projects here.

Himani,

10th March 2014

Hello Shyam, as far as I know a apartment worth Rs 32-38 lakh in Kelambakkam has the potential to earn back Rs 1.2 lakh every year. :) I think that is very good idea for investments. It is located just along the Old Mahabalipuram Road (OMR), Kelambakkam offers healthy returns in the form of monthly rentals.

Balwinder Singh,

10th March 2014

Comment

Thanks Balwinder. Can you tell me how much can I expect monthly rentals in Kelambakkam ?

Joydeep D,

10th March 2014

@Joydeep: Hey Kelambakkam enjoys proximity to other IT destinations such as Sholinganallur, Pallikaranai, Sirusiri and Medavakkam. The locality is highly sought for temporary abodes and thus offers a good scope for rental returns.

Currently, the rental values for a 1000-sq-ft apartment in Kelambakkam range from Rs 10,000-11,000 per month, which comes to around Rs 1.2-1.3 lakh every year.

Balwinder Singh,

10th March 2014