Thanks to the rapidly developing IT
belt of Chennai, the influx of people from different parts of the country has
increased. The need for temporary residences is soaring in the micro-markets
close to IT hubs. If you have moved to the city recently and are looking for rent
properties in Chennai, then the areas of Sholinganallur, Thoraipakkam and
Navanalur are worth considering. The areas are rapidly being developed and have
the highest gross yield.
Thoraipakkam
Located along the IT corridor of Chennai, Thoraipakkam enjoys good communication via the Old Mahabalipuram Road to other parts of the city. It has low property values, well-developed social infrastructure and great connectivity. Mostly, salaried IT professionals prefer flats for rent in Chennai in Thoraipakkam. The International Airport is barely thirty minutes from here and can be reached through the Thuraipakkam-Pallavaram Road. For a 2BHK flat, you will have to pay a monthly rent between Rs 8000 and 22,000 in a month while 3BHK apartments can be gotten within Rs 7,500 and 35,000 in a month.
Navanalur
Nested between Sholinganallur and Siruseri, which is home to several IT parks, Navanalur enjoys good connectivity to the rest of the city via the OMR (Old Mahabalipuram Road). The locality is rapidly developing with respect to infrastructure available. It is much demanded by IT professionals employed in the SIPCOT Park of Siruseri. Most of the projects in the area are under construction and house 2 and 3BHK flats. A lot of the projects are slated to be completed by 2016 or early 2015 even.
The availability of budget homes and closeness to the IT parks has driven the market for property for rent in Chennai in this area. For a 2BHK flat which measures between 1000 and 1300 sq. ft. home seekers have to pay anything from Rs 7000 to 25,000 in a month. For bigger units which are of 3BHK configuration and measure from 1200 to 1700 sq. ft. the rental rate to be paid is anything between Rs 12,000 and 45,000 in a month.
Sholinganallur
Sholinganallur is a part of south Chennai and a highly preferred area for property for rent in Chennai. It enjoys good communication with the IT companies in the vicinity such as HCL, Infosys and TCS. IT professionals prefer to stay in Sholinganallur for saving on expenses and incurred and time spent while commuting to work every day.
Residents of Sholinganallur enjoy access to schools, vegetable markets, hospitals, hotels, shops and banks for every day necessities. The area has a well-developed social infrastructure and is strategically located. The Chennai international airport is 18 kilometres from here and can be reached via 200 Feet Road, ECR Link Road and Thuraipakkam-Pallavaram Road. The rental value for 2BHK flats in Sholinganallur is between Rs 10,000 and 20,000 per month while 3BHK flats can be rented for Rs 15,000 to 35,000 in a month.
Sholinganallur, Thoraipakkam and Navanallur are good destinations for those looking to rent properties in Chennai. Investors interested in high rental income could also consider investing in these areas.
Thoraipakkam
Located along the IT corridor of Chennai, Thoraipakkam enjoys good communication via the Old Mahabalipuram Road to other parts of the city. It has low property values, well-developed social infrastructure and great connectivity. Mostly, salaried IT professionals prefer flats for rent in Chennai in Thoraipakkam. The International Airport is barely thirty minutes from here and can be reached through the Thuraipakkam-Pallavaram Road. For a 2BHK flat, you will have to pay a monthly rent between Rs 8000 and 22,000 in a month while 3BHK apartments can be gotten within Rs 7,500 and 35,000 in a month.
Navanalur
Nested between Sholinganallur and Siruseri, which is home to several IT parks, Navanalur enjoys good connectivity to the rest of the city via the OMR (Old Mahabalipuram Road). The locality is rapidly developing with respect to infrastructure available. It is much demanded by IT professionals employed in the SIPCOT Park of Siruseri. Most of the projects in the area are under construction and house 2 and 3BHK flats. A lot of the projects are slated to be completed by 2016 or early 2015 even.
The availability of budget homes and closeness to the IT parks has driven the market for property for rent in Chennai in this area. For a 2BHK flat which measures between 1000 and 1300 sq. ft. home seekers have to pay anything from Rs 7000 to 25,000 in a month. For bigger units which are of 3BHK configuration and measure from 1200 to 1700 sq. ft. the rental rate to be paid is anything between Rs 12,000 and 45,000 in a month.
Sholinganallur
Sholinganallur is a part of south Chennai and a highly preferred area for property for rent in Chennai. It enjoys good communication with the IT companies in the vicinity such as HCL, Infosys and TCS. IT professionals prefer to stay in Sholinganallur for saving on expenses and incurred and time spent while commuting to work every day.
Residents of Sholinganallur enjoy access to schools, vegetable markets, hospitals, hotels, shops and banks for every day necessities. The area has a well-developed social infrastructure and is strategically located. The Chennai international airport is 18 kilometres from here and can be reached via 200 Feet Road, ECR Link Road and Thuraipakkam-Pallavaram Road. The rental value for 2BHK flats in Sholinganallur is between Rs 10,000 and 20,000 per month while 3BHK flats can be rented for Rs 15,000 to 35,000 in a month.
Sholinganallur, Thoraipakkam and Navanallur are good destinations for those looking to rent properties in Chennai. Investors interested in high rental income could also consider investing in these areas.
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