Rentals affordable for chennai localities

Q: Hey heard that there are affordable rentals for Chennai localities. Kindly discuss and let me know about the news.

Venu Gopal, Chennai

27th May 2014

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Replies (5)

Hi, I have say few propeties owner for rent in Poes garden and I found that the rent is quite high. One of the posh localities of Chennai, Poes Garden, where Rental values of available apartments range from Rs 1-2 lakh per month with covered area varying from 2000-4000 sq ft.

Ananth KV, Chennai

30th April 2015

Comment

Hi ananth, Hi Ananth, you are right, in these days rental values are increased, few days back I am also searching rental properties in MRC Nagar where renting a property is expensive. The area is located on the Adyar creek and offers a sea-view to its residents. Monthly rent can easily reach up to Rs 1.5 lakh for a 3 or 4BHK apartment sized 2000 sq ft. Facilities being offered in these properties include private terrace or garden, power back up, parking, jogging park, security, rain water harvesting, air conditioning, etc.

Devendra, Chennai

30th April 2015

In alwerpet, renting a 3BHK apartment having 4500 sq ft covered area can cost you about Rs 2.5 lakh per month while residential houses having 2500-4000 sq ft covered area are being leased out for Rs 1.5-2 lakh per month.

Girish KS, Chennai

30th April 2015

Hi all, Is rentals in Chennai is really affordable?

Ananth KV, Chennai

30th April 2015

Comment

Hi Ananth, no dough that the properties cost in whole India is increasing trends and rental values is also increasing due to certain factors. Like increase in IT and ITes professional. so we can say that now a days rental value in not in affordable rate.

Tilak, Chennai

30th April 2015

Hey also Central Chennai has numerous new units available for rent which attracts migrant population to stay here with family. The area is good in terms of infrastructure and amenities as it is one of the oldest localities and is resided by natives of Chennai.

Rubiya,

28th May 2014

Comment

Can you tell me why to take rentals in central chennai ?

Gurmeet,

28th May 2014

Comment

@Gurmeet: The central Chennai region has good connectivity to the other locations of the region via Mt Poonamalle High Rd, Kodambakkam,Sriperumbudur Rd and Chennai bypass road. The central Chennai region attracts medium level management people to rent a home here. With schools, shopping malls, markets in close vicinity, the area is ideal for family living. Also the new projects coming up here offers basic amenities, such as a gymnasium and club house with less maintenance charges as compared to those available in South Chennai.

Himani,

28th May 2014

Hey Venu, as far as I know Porur, Iyyappanthangal, Kodambakkam, KK Nagar are some of the localities that offer supply of 2BHK apartments in the budget of Rs 7000 to 12000. Also Porur and Iyyappanthangal offer 750 sq-ft 2BHK apartment at the monthly rent of Rs 7500, while a 1000 sq-ft 2BHK apartment in Kodambakkam is available for rent at Rs 10000 per month.

Pranab Malakar,

28th May 2014

Comment

Thanks Pranab. Can you tell me how is KK nagar for rental purpose ?

Gurmeet,

28th May 2014

@Gurmeet: KK Nagar offers 600-sq-ft 2BHK rental accommodation at Rs 9,000 per month but in the unfurnished category. Also the region is also close to Kundrathur and Poonamallee were several mechanical and automobile companies are based.

Himani,

28th May 2014