Five localities for rentals in Chennai

Q: Hey can you tell me which all localities would be good for rental purpose ?? Please suggest me some localities in Chennai ?

subramanya, Chennai

14th April 2014

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Replies (4)

Guduvancheri mainly serves as it is located on the GST Road and enjoys proximity to special economic zones. Guduvancheri falls between the Mahindra World City and MEPZ, both located 13-15 kms away. Most of the rental demand for this locality comes from the professionals working in these SEZs.

Pavan kumar, Chennai

13th August 2015

Comment

Hi Pavan I think you are right but I am staying in Medavakkam which was earlier a quiet suburb and recently transformed into a bustling locality with proximity to OMR, Velachery and GST Road. Social infrastructure such as schools, colleges and medical centers have ensure the popularity of this locality among prospective tenants. The upcoming monorail which will pass through localities such as Velachery, Vandalur and Poonamallee will further boost the demand in Medavakkam too.

Priya Sharma, Chennai

13th August 2015

Hello dear, I think the supply of rental unit is more in GST road in comparison of Velachery, Adyar, Thiruvanmiyur, Medavakkam.But anyway if you are

Ananth KV, Chennai

13th August 2015

Really Very interesting insights What I observed that rental hotspots in Chennai driven by connectivity and IT growth. Most of the people want to live near about a workplace that why the rental market near about IT hubs is showing tremendous growth.

Pavan kumar, Chennai

13th August 2015

Comment

Top localities where crowd is migrating this days are as follows:
1. Velachery
2. East Coast Road (ECR)
3. Medavakkam
4. Guindy
5. Guduvancheri

subramanya, Chennai

13th August 2015

How is the locality Sholinganallur, Medavakkam and Adyar ? What about the price trends here ?

Jackie,

15th April 2014

Comment

@Jackie: In Sholinganallur, 3BHK apartment sized around 1200-1700 sq ft is available for a monthly rent of Rs 15,000-20,000 per month. A 2BHK, on the other hand, commands a monthly rent of around Rs 10,000-15,000 per month.

Medavakkam is another preferred location for rental accommodations. A 3BHK is available for RS 10,000-15,000 per month while a 2BHK is 5000-10,000 per month.

Adyar is one of the most centrally-located residential places in Chennai. Its proximity to OMR makes it an ideal rental option for those who can afford the high rental values. A 3BHK sized around 1200-1800 sq ft is available for a monthly rent of Rs 25,000-40,000.

Vivek Kulkarni,

15th April 2014

Hey Subramanya, some of the localities such as Velachery, Adyar, Thiruvanmiyur, Medavakkam and Sholinganallur, are the most preferred areas for rental accommodation. Velachery has topped the list followed by Adyar, Thiruvanmiyur, Medavakkam and Sholinganallur in the order. Mainly because of proximity to IT hubs is a common thread in all localities.

Vivek Kulkarni,

15th April 2014

Comment

How is Velachery locality ?? How is the price trends of the locality ?

Jackie,

15th April 2014

@Jackie: Velachery is preferred as a rental abode due to its proximity to the IT set ups along the OMR (Old Mahablipuram Road). The rental values in the locality vary from Rs 10,000-20,000 per month for a 900-1000-sq-ft 2BHK apartment. A 3BHK unit is available for Rs 25,000-40,000 per month.

Vivek Kulkarni,

15th April 2014