Chennai is fast catching up as an important metropolitan city on the map of India, opening up to people coming from various other parts of the country. Progress in providing better education, well-paying jobs, infrastructural development and urbanization is appealing to people from other states. Hence, the need for accommodating the growing population is also increasing. Just like any other developing city, Chennai also boasts of a number of preferred rental destinations depending on the amenities and connectivity they offer.
Here are top ten rental destinations within the city of Chennai. If you are someone looking to rent a house, this list is a must-read for you:
A popular rental destination among IT employees as it is located closer to OMR. Velachery continues to be a thickly populated residential area and hence chosen by those from other regions as a safe place to rent a house. Velachery also hosts many entertainment spots making it a top choice for those seeking rental accommodation. The rental price ranges from Rs.15000 to Rs.30000 based on the type of house and other facilities required.
Thiruvanmiyur is probably the most-sought after area to rent a house for those working in the IT and industrial sector as it is located close to the IT parks in Chennai. The beach close by and temples in the locality make it a suitable rental destination for families as well. Houses in apartments are rented out at an average of Rs.24 per sq. ft.
Among the southern suburbs that are well-connected to the city, Madipakkam continues to be an apt location for renting a house. Owing to the well-knit family population, renting is mostly hassle-free and provides a safe locality to reside. The area is also close to the airport and important railway stations. Plenty of educational institutions are also situated here. The average rent in the area is around Rs.19 per sq ft.
4. Anna Nagar
Having become a prime residential as well as commercial locality in the recent years, Anna Nagar competes effectively with other locations in providing housing as well as business and employment opportunities. Priced at an average of Rs.20 – 50 per sq. ft, rental houses are available in plenty. Presence of schools, colleges, supermarkets, heritage locations, parks, restaurants and shopping establishments makes this an ideal location to rent a house in.
Once seen purely as a residential locality in the past, Chromepet is now developing as an important hub for commercial establishments and business opportunities. Since a lot of schools, shops and religious institutions are present; this is also a suitable locality to rent a house for staying. Holding a cluster of many smaller localities offers a lot of options for rental house seekers to choose from. The rental values range from Rs.20 – Rs.35 per sq. ft.
Again closer to the industrial area of Chennai, many employees working in these firms or in IT parks in Ambattur choose to rent a house here. The area is extensively developed and the rental value is not too high. It is only around Rs.15 – Rs.20 per sq. ft. Considered as a busy area close to North Madras locations like Avadi, Perambur, Kolathur etc. independent houses and builder apartments are on the rise now.
Alwarpet is located in the heart of the city. It is obvious that the rental value in this place is quite on the higher scale, but it provides peaceful and serene living spaces even within the city. Home to a lot of famous personalities, Alwarpet is also a proper residential locality in the city. Some of the best class amenities and shopping localities are around in this upscale neighborhood. The rent value will be around Rs.35 – Rs.50 per sq. ft.
The areas covering T.Nagar and West Mambalam offer decent houses for rent to families as well as individuals. The popularity of the area as the shopping hub in the center of the city appeal to those seeking rental houses. Public Transport is also well-knit to various parts of the city. Nearby areas like Ashok Nagar is also equally preferred as it is home to a lot of commercial establishments, schools, parks, temples, etc. These areas are rented out at an average range of Rs.20 – Rs.50 per sq. ft.
Saidapet is well connected to other parts of the city through public transport and is one of the preferred areas for middle income group population to seek rental houses. It is a developing locality opening up opportunities to schooling, business, spiritual places, etc. The rental value in this area ranges between Rs.15 – Rs.35 per sq. ft.
Owing to the rise in number of employment opportunities in the stretch beyond Tambaram towards Vandalur – Chengalpattu, Urapakkam is growing to be a sought-after destination for rental houses as it is located nearer to important IT parks, schools and colleges. Number of industries is growing towards the direction of Oragadam – Kanchipuram. Moreover the rental value range is relatively lesser than the city limits at just Rs.12 per sq. ft. More and more builder apartments are also springing up resulting in Urapakkam becoming an important rental locality.
Irrespective of the locality where you look for a rental house, it is advisable to ensure that you check for proximity to your place of work or studies, safety measures that are in place, etc. The hunt for a rental house is always long but once you find a house that suits all your needs, it becomes essential to also verify that the rental agreement and due processes are in place.