With the IT boom, urbanization, prominent educational institutes, and quality healthcare, Chennai has become the numero uno destination for professionals from various other parts. To make way for the influx in the migrant population, Chennai city is expanding and is opening its doors to more infrastructure development. Due to the floating population, rental options are considerably swelling in the city. We take a look at a few popular rental housing destinations in Chennai:
A prime location in the city, Velachery is particularly popular for rentals among young professionals. This is largely owing to its proximity to multinational companies and accessibility to premium lifestyle services. Velachery offers a wide range of social amenities as well as solid housing options. The average rental here ranges from about Rs 15,000 onwards.
Old Mahabalipuram Road (OMR)
Amid wide roads, good infrastructure, and several amenities, OMR has become the most sought-after location for rental options. It also helps that OMR is a well-known IT corridor and thus it makes for an ideal living space for IT professionals. There are also several hotels and paying guest accommodations in the stretch that helps with the same. The rental here starts from about Rs 12,000 onwards depending on the size of the apartment and the neighborhood.
Located about 5 kilometers from Chennai International Airport, Chrompet is a popular residential area. The location is well-connected with the rest of the city and has a number of services for young families. There are several commercial establishments that are making a beeline here. From frequent public transportation, good educational institutions, leading hospitals, and other home improvement stores and supermarkets, the area provides the ultimate comfort quotient for those looking for temporary as well as a permanent move. The rental here starts around Rs 15,000 to Rs 20,000 depending on the neighborhood and the housing options.
Over the last two decades, Anna Nagar has emerged as a popular prime location in Chennai. The recent metro work has added to the value of the properties in this area. The location has several business and employment opportunities, making it an attractive rental destination. The parks, restaurants, leading schools and colleges, well-stocked supermarkets, and more make this a model neighborhood for rental purposes. The rental here starts from around Rs 12,000 to Rs 17,000, depending on the neighborhood.
East Coast Road (ECR)
ECR is one of the fast-developing residential areas in Chennai, in both the affordable and luxury segments. It has excellent infrastructure, is in close proximity to Old Mahabalipuram Road and several IT companies are opening offices here. ECR is hence seeing a great surge in property appreciation. The rental in the area starts from Rs 14,000 to Rs 16,000 depending on the size of the property. It is an added bonus that the location also gives a breath-taking view of the sea.
One of the busiest localities in Chennai, Ambattur is the perfect destination for young professionals because of its closeness to the industrial area and the many IT parks in and around Ambattur. The area has seen extensive development over the last 10 years and the rental value remains economical. The rental options here start from Rs 10,000 to Rs 16,000 with a wide range of options in two-bedroom, three-bedroom as well as independent houses.
Sitting in the heart of the city, Alwarpet provides the ultimate big city in the friendly neighborhood feel. One will find the finest of shopping, schools, colleges, medical facilities, and other amenities, in and around the area. It is also closer to other prominent localities such as Adyar, RA Puram, Cathedral Road, Teynampet, etc. The rental options here start from Rs 16,000 to Rs 20,000, depending on the size of the apartment.
Sholinganallur is one of the more well-known locations in Chennai for residential purposes. Sitting in between the IT corridor of the city, Sholinganallur also has significant social and economic importance. There are numerous private and government-supported housing developments that have made the locality attractive for those seeking to move here. The upcoming metro project and the infrastructure developments are other windfalls. The rental here starts from about Rs 15,000 onwards depending on the segment.
Nungambakkam is home to several-star hotels, educational institutes, commercial establishments, popular eateries, foreign consulates, and medical institutes. The neighborhood is the epitome of luxury living. The rental options here start from around Rs 20,000 to Rs 25,000. The area is also closer to other well-known residential and commercial areas such as T. Nagar, Egmore, and Kilpauk.
Madhavaram sits just about 10 kilometers from the airport. The locality has good connectivity through local trains and taxi services. The area is an up-and-coming residential hotspot with several economical and high-end options. The rental here starts from Rs 10,000 to Rs 15,000. The cultural aspect of the area, undisturbed water supply, and electricity resources are an added bonus.
When it comes to rental options, it is important that one prioritizes amenities and connectivity. A checklist of distance to work, educational institutes, medical facilities, groceries, and home improvement stores in-and-around the neighborhoods will help make your stay stress-free.
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