Localities Offering a 2 BHK House for Rent in Chennai Below 10k

Chennai, known for its staggering performance in IT sector and having a wide base of manufacturing industries, offers budget rental properties. The city that has earned the distinction of being India’s second largest exporter of IT, sees the influx of a large number of young professionals every single year. Steady employment generation and affordability are the prime reasons why Chennai is a preferred city for prospective renters. Before you set off for this city, it is important to the average rental prices prevalent over it different localities.

Tenants looking for a 2 BHK house for rent in Chennai in 2-3k monthly budget would find Poonamalle Highway, Guduvancheri, and Sai Nagar can be good options. In 4-5k monthly bracket, the localities worth looking for can be Kolathur, Urapakkam, Padi, Guduvancheri, and Madambakkam. Simialr starting rates are prevalent over Kattupakkam, Koril Pathagai, Koyarmedu, and Perungalathur.

In the higher price bracket, i.e. 5-8k come well-developed localities including GST Road, Vandalur, Anna Nagar, Avadi, and Madipakkam. A 2 BHK flat for rent in Chennai properties across Perungalathur, Sriperimbudur, Chembarambakaam, Tambaram, and Mudichur is available in the same price bracket. Finally, 8-10k starting monthly rentals are prevalent over Chromepet, Pammal, Porur, Selaiyur, Sholingallur, and Iyyapanthangal.

Search real estate sites and know more about the ongoing rental rates in Chennai. Search and sort properties online and be at the disposal of a multitude of new and resale projects.

Property in Hyderabad Real Estate: On the Road to Recovery

Hyderabad is finally witnessing the buying clarity crept in months after the state got entangled in Telangana issue. It is for the first time after creation of a separate state that the number of real estate transactions have gone up. Till now, buyers’ sentiments were running largely negative on account of ongoing state of affairs. But 2014 seems to have brought a new ray of hope for them.

The over all Hyderabad property business has taken a steady path. This is indicated from the increase in the number of stamp and registration data. As per research, the total revenue collected from city has stood at about Rs. 2500 lakh. As the stability seems to be setting in fast, big players in property have forayed in the market. All the hopes are now bound to the new government policies.

As prices haven’t, as yet, appreciated too much, the current period is apt to buy residential apartments in Hyderabad. Still, price rates across localities like Ameerpet, Gachibolwi, and Kondapur witnessed an upsurge in Jan-Mar, 2014. While price hike in Ameerpet was recorded at about 5%, at Gachibowli in the said period, Gachibowli witnessed 8% rise, while at KBHB, the prices went up by a much higher rate. Ameerpet, better known for a multitude of software training institutes, is a major commercial hub. Gachibowli derives its growth from IT sector. Its proximity to Hi-tech City is a major plus point. Kukatpally(KBHB) is a well-known residential cum shopping hub.

As against residential sector, the demand for commercial properties is more on the lower side. But, the strong presence of IT sector shall continue to rope in more corporate houses to the city.

Two-Room House for rent in North and South Chennai: Average Price Trends

When it comes to rental market in Chennai, the demand remains steady all through the year. The demand comes from its own denizens as well as from the immigrants that arrive here every single year. Presence of IT sector and good number of employment opportunities are the prime reasons that drive this rental demand. This blog post throws light on the average monthly rentals prevalent in northern and southern parts of the city.

South Chennai comes with several affordable options. Localities like Guduvancheri, Urapakkam, Oragadam, Padappai, and Madambakkam can be the best for the seekers of cheap rental houses. A 2 BHK house for rent in Chennai across these areas can cost a monthly rental in 4-6k bracket. Over injambakkam. Kottivakkam, Maraimalai, Neelangarai, and East Tambaram, the stating rents for a two room flats generally fall in 7-8k range.

For renters on the look-out for apartments in 8-10k range, South Chennai offers a multitude of options. The two-room rent houses in Chromepet, Saidapet, Pallavaram, Poonamallee, Pallikaranai, and Perumbakaam are the localities worth mentioning here. Higher rentals, i.e. in 10-15k brackets, are prevalent over high-developed locations including Peeyar Nagar and Thiruvanmiyur,

North Chennai real estate too offers many a good option for seekers of rental apartments. The tenants on the look out for cheap options can hunt properties in Ambattur, Avadi, Puzhal and Thirumullaivoyal. Kolatuhur, Moggapair, Pallavaram, and Virugambakaam are the other options where 2 BHK apartments are available at cheap rates. Mogappair is a prime residential area that is known for the presence of IT offices. The rentals are mostly reasonable and is known for being Chennai’s major shipping district. For seekers of rental properties in 12-25k range, Anna Nagar, Aynavaram, Thoraiappkam, and Purasawakkam are among the best choices that tenants can make. Thoraippkama, situated over OMR(Old Mahabalipuram Road), is a hub of IT companies.

Top Localities to Hunt an Apartment for rent in South Bangalore Real Estate

Out on the search for a rent house in South Bangalore? You are the at the the disposal of staggeringly high number of options. Most of the South Bangalore localities are highly-developed and carry up-to-the mark infrastructure. Let’s have a look over some localities that can be the best bets for prospective tenants.

1. BTM Layout: Known to be a high-growth locality, BTM Layout has got location advantage. Bring situated close to HSR Layout, ORR, and Koramangala, BTM is one of the most sought after localities for hunting a house for rent in Bangalore real estate. An important residential as well as commercial hub, it has seen good appreciation of price rates over year. To buy a 2 BHK flat here, you need to have a budget falling in 10-15k bracket.

2. JP Nagar: If you look across J P Nagar, you would mostly find independent houses here. A plush residential area, the locality has developed into a significant micro market and is mostly populated by elite. For those who are looking for an apartment for rent in Bangalore in the comfortable 9-10k rental range, JP Nagar can be among the best places.

3. HSR Layout: Unlike other Bangalore localities, HSR Layout is situated in quietude. A major IT corridor, the area has seen a deluge of residential apartments in last decade. Land prices have appreciated well here and at present, it has become a dependable investment option. 2 BHK rental price rates over HSR Layout too are averaged around 10k.

4. Koramangala: One of the most expensive places to hire a rental flat. Koramangala is dotted with luxury apartments, villas, and bungalows. Cris-crossed by important link roads like Sarjapur Road and O.R.R. have been the boosting factors for its realty market. To hire a two-room apartment here, you may need to pay an average monthly rental of 30k.

Price Trends for Three-Room Rent Houses in Hyderabad Real Estate

Hyderabad, India’s major urban conglomerate, witnesses an influx of a huge population from other metros. It is the strong presence of several IT majors attracts young professions who come here in search of jobs. To cater to the dwelling requirements of its own population as well of these migrants, the city carries rental spaces. Hyderabad real estate price rates of rental properties vary from one locality to the other. This blog throws light on the average starting price rates of a 3 BHK apartment in its different regions.

Seekers of cheap rent houses in Hyderabad can go for locations like Bachupally, Moulali, and Secunderabad. A three-room flat can be available at an easy 7-10k monthly rental. Over Tolichowki, Neredmet, Serlingpally, Kompally, and Attapur, the monthly rent , generally, varies between 10-15k. Similar rates are prevalent over Miyapur, Srinagar Colony, and Lingampally.

Talking of hig-end localities like Gachibowli, Madhapur, Chanda Nagar, Begumpet, and Kondapur. Here, the rates usually fall in 15-20k bracket. It is presence of good infrastructure and a well-developed IT sectors that demand for rental Hyderabad properties remains high here. Still higher rates are prevalent in posh locales such as Hi-Tech City, Hafeezpet, Marredpally, and Yellareddyguda. The signature colonies like Banjara Hills and Jubilee Hills too are expensive to buy a rental apartment. Falling in 20-30k/month range, the prices can go as high as 1 lakh and even higher than that.

During first quarter of 2014, the rental rates depreciated in Ameerpet, Banjara Hills. Hi-Tech City, and Begumete. The prices, however, did not went an appreciable change over Manikonda, Madinaguda, KBHB Colony, Hyde Nagar, and Miyapur.

The rental rates are expected to rise in the mounts to come, given that the chaos arising from the creation of a separate Telangana is finally over.

 

How Rental Property Market Rate Fare in Bangalore?

The Electronic City, Bangalore, witnesses arrival of a good number of young professionals seeking employment opportunities. The city which is a popular exporter of software comes with a number of plus points. The relatively cheaper affordable options along with good physical infrastructure pulls in huge crowds. Its stronghold over rental market along with excellent connectivity have imparted it with good importance for the exodus of immigrants. To cater to the spatial requirements of these along with its own population, the city comes with a number of rental options.

Consider a 2 BHK flat for rent in Bangalore. Cheap rates are prevalent in localities like JP Nagar, R T Nagar, OMBR, Banashankari, TC Palya, and Horamvu. The areas offer 2 BHK rental apartments with monthly rentals beginning at around 6k. Over Whitefield, Dinnur, Old Madras Road, Whitefield, HSR Layout, Kundanhalli, and KR Puram too, the monthly rentals can cost a tenant around 8-10k.

Tenants looking for two-room apartments in 10-12k range can make search in locations like Yelahanka, Banaswadi, BTM Layout, Mahadevpura, Padmanshala, Babusapalaya, Lingrajapuram, and Sanjay Nagar. Similar rates can be expected in Sahakar Nagar, Ganga Nagar, Kodigehalli, Maleshapalaya. For rental houses in 12-15k rental range, tenants can make search in Doodankunte, Benson Town, Bellaundur, OAR(Old Airport Road), and HMT Layout. Prime locations like Jayanagar, and Indira Nagar carry high rentals: the starting price for a 2 BHK apartments in Indira Nagar can be around 20k.

Price rates of property in Bangalore have not shown much appreciation over years. The city’s is primarily a buyer’s market rather than an investor’s. Rental prices, however, have seen an increase over past 12 years. Localities like JP Nagar, Marthahalli, Bannerghatta Road, Sarjapur Road, Electronic City, Kundanhalli, Cookes Town witnessed price rise.

 

Looking for Two-Room Flats for Rent Across Hyderabad Property?

Looking for a rent house in the City of Pearls, Hyderabad may not be a very arduous task for a prospective tenant, but it takes a great deal of thought-work before he pays nod to a particular property. Tenants must be aware of the price rates prevalent over the particular locality where they are seeking a rental house. Given that the city has good physical infrastructure and excellent connectivity, the demand-graph keeps itself more on the higher side. The demand comes from both its local population as well as from the migrants from other cities. Every year, the city witnesses an exodus of migrants getting added to its population. This calls for a steady requirements for rental properties.

To have an idea of how flats for rent in Hyderabad fare in terms of prices, let’s have a look over average price rates prevalent across its localities. Let’s consider a 2 BHK apartment as a reference. The tenants looking out for some really cheap options can pin their hopes on ECIL, Somajiguda, Nagaram Village, and Beeramguda. Across these, one can find two-room flats with beginning prices in 2-6k rental range. Other cheap options can be Boduppal, Miyapur, Chiatnyapuri, and Kukatpally. Tenants for whom 7-10k monthly rental is feasible have a whole lot of choices to make. Look across Tolichowki, Lingampally, Madinaguda, Bachupally, New Bowenpally, and Attapur. Similar rates are prevalent over JNTU and Madhapur

Now coming to high-end localities… Hyderabad property rates across D.D. Colony, Gachibowli, Kondapur, Jubilee Hills, Banjara Hills, and Manikonda fall in 10-15k monthly rental bracket. Others well-developed areas like S. R. Nagar, PG Road, Nagole, Cyber City, and Trimulgherry too have similar beginning rental rates. Basheer Bagh and Sanath Nagar are known for their high monthly rentals. A two room apartments here can cost a tenants as low as 20k.

Makaan.com is one of the top property site in India which provides various types of property for buy, sell or rent.

 

Traction for Property in Chennai Observed in 2013

Real estate market in Chennai showed signs of steadiness last year. This year too, the city is expected to maintain this traction. In light of the high-end infrastructural projects, the realty prices can go up in the months to come. A number of sub-markets have already witnessed price appreciation on account of the ongoing Chennai Metro project. The project is deemed to reduce traffic congestion caused by vehicles plying on road. The expected price appreciation in the nearby areas is about 10% and more.

The upward trend for property in Chennai has been observed in and around areas likeGST Road, Porur, and Sriperumbudur. Across these, the total number of inquiries went all the way up. Conversation rates in these localities also witnessed a significant improvement. On the other hand, places like Oragadam and Old Madras Road(OMR) have not seen any major change in number of transactions. The realty market of the city is largely end-user driven, still, there was a good increase in the number of short-term investments in 2013.

In Central Chennai demand for residential spaces outstripped supply. In Central Chennai particularly, the demand market has performed well. Still, there are localities like GST, Oragadam, and OMR where the number of unused inventories is quiet high on account of lack of demand. The overall transactions for apartments and house for rent in Chennai improved last year.

In South Chennai, traction has been observed in some parts like Thoraipakkam, Perungudi, and Perumbakkam. Over Perumbakkam, a number of mid and high-end realty projects have been launched. Velachery, an area with a strategic location and super-connectivity, has seen price appreciation in last several months. With the construction of several integrated projects , Semnnachery has performed quiet well.

Hunting for a 2 BHK Flat for Rent in Bangalore Residential Property?

Excellent developmental scope and presence of physical infrastructure are the prime reasons why Bangalore is one of the most preferred cities for realty buyers. City’s rental market too has performed nicely over years. Demand for rental houses comes from both its local population as well from the expatriates that migrate here on regular basis. The city, unlike its northern counterparts, provides several affordable options to its tenants. We are going to have a look into the average rental rates of a two-room apartment in city across its several localities.

For a tenant looking for 2 BHK flats for rent in Bangalore, there are a couple of options. While there are budget localities like R.T. Nagar, Kundanhalli, Banashankari, J P Nagar, and Kammanhalli. Across these, one can find a two room house with rental prices in 6-8k rental bracket. Likewise, localities including names like TC Palya, K.R. Puram, Old Madras Road(OMR), Horamvu, Whitefield, and Dinnur: the rates on lower side across these lie mostly in this range.

For tenants who can pay monthly rental in 8-12k range, localities like Lingrajapuram, Marathahalli, Babusapalaya, Hoysala, Maleshpalaya, Yelahanka and Sahakar Nagar can be the apt choices. On the similar lines, Padmanshala, Kodigehalle, HSR Layout, C.V. Raman Nagar, Koramangala, Ganga Nagar, and Rammurthy Nagar carry similar rental rates.

For seekers of 2 BHK residential property in Bangalore, the city offers better options in the form of some well-developed localities. BTM Layout, Banaswadi, Anand Nagar, Bellandur, Mahadevapura, Old Airport Road, Doodankunte, Jayanagar, Benson Town, HMT Layout, and Jeevan Bima Nagar. Most of these have seen flourishing of IT companies over years and are considered premier areas for seekers of residential spaces.

Steadily improving connectivity and preference by High Net Worth Individuals(HNIs) have done wonders for city’s realty market. In spite of affordable prices, the market for rental properties manages to keep its head above water.

Chennai Properties Continue to Maintain Traction in 2014

The city of Chennai managed to give up-to-the-mark performance last year and if the trade pundits are to be believed, the city is expected to fair well this year too. Presence of excellent infrastructure, upcoming metro project, and stronghold over software sector have been the boosting factors for city’s property market. Chennai Metro which is suppose to be developed in two phases has placed a positive impact over property rates that have already witnessed a rise of about 10% in the nearby localities.

The upward trend for Chennai properties has been observed in and around areas likeGST Road, Porur, and Sriperumbudur. Across these, the total number of inquiries went all the way up. Conversation rates in these localities also witnessed a significant improvement. On the other hand, places like Oragadam and Old Madras Road(OMR) have not seen any major change in number of transactions. The realty market of the city is largely end-user driven, still, there was a good increase in the number of short-term investments in 2013.

In Central Chennai demand for residential spaces outstripped supply. In Central Chennai particularly, the demand market has performed well. Still, there are localities like GST, Oragadam, and OMR where the number of unused inventories is quiet high on account of lack of demand. The overall transactions for flats for salein Chennai improved last year.

In South Chennai, traction has been observed in some parts like Thoraipakkam, Perungudi, and Perumbakkam. Over Perumbakkam, a number of mid and high-end realty projects have been launched. Velachery, an area with a strategic location and super-connectivity, has seen price appreciation in last several months. With the construction of several integrated projects , Semnnachery has performed quiet well. Siruseri too has seen a plethora of mid and small segment housing projects going on; the presence of Asia’s largest IT Park has awarded it with the commercial and corporate importance. East Coast Road(ECR) is dotted with a number of luxury projects and is witness to a high demand for high-end bungalows.

Makaan.com, is one among the top real estate site which lists all type residential properties in Chennai across variable price range.