Looking for rented apartments in Chennai? Try searching them in the central chennai zone. According to PropIndex, an India Apartment Index report published by Magicbricks, localities such as Anna Nagar, Kodambakkam and Nungambakkam, situated right in the heart of the city, offer maximum options to the tenants.
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Anna Nagar
Planned by Tamil Nadu Housing Board (TNHB), Anna Nagar is divided into various avenues. The redevelopment has increased the stock in the area with independent houses paving way for multi-storey and builder-floor apartments. Rental values of 2BHK apartments range from Rs 10,000-25,000 per month while a 3BHK unit is being leased out for Rs 25,000-75,000 per month.
“Tenants living here have the benefit of living close or connected to all important places in the city,” says Abdur Ravoof of Green Global Realty. Anna Nagar is situated about 6 km from SIDCO Industrial Estate of Ambattur, 16 km from International Airport and 10 km from Central Railway station.
Kodambakkam
Kodambakkam is another locality with a high supply of leased apartments. To rent a 2BHK apartment in Kodambakkam, one has to pay Rs 13,000-27,000 per month. Rental values of 3BHK flats on the hand start from Rs 22,000 per month and goes up to Rs 26,000 per month.
However, tenants must be aware of traffic issues the locality faces. Existing roads, flyovers and bridges in the area are not adequately equipped to meet the volume of vehicles in the area causing long traffic jams.
Nungambakkam
Home to several government offices, retail outlets, hotels and restaurants, Nungambakkam is home to the elites of the city. “Nungambakkam is one of the oldest and well developed localities of Chennai. It has no water or sewerage problem and has easy connectivity to all important places,” says Velmurugan V of Gentleman Real Estate, a broker firm.
Rental values of 2BHK units range from Rs 15,000-35,000 per month while a 3BHK apartment is being leased out for Rs 30,000-70,000 per month. Few 1BHK apartments are also available here in the price range of Rs 8,000-15,000 per month.
Source: Times of India Chennai / Ankit Sharma is a real estate writer with Magicbricks having a knack for property trends and latest updates on the sector.