Chennai, the capital city of Tamil Nadu, formerly known as Madras, is the fourth most populous metro city of India. It is an industrial city where many industries and companies related to computer, technology, automobile, healthcare, hardware manufacturing, etc are located. Chennai is also the second largest exporter of computer related softwares and IT enabled services known as ITES in India.
People from all across the Indian subcontinent come here hoping to make a good career. Most of them get settled here and make Chennai their home. These people either look for rental houses or houses on lease. Lease property is mainly taken by a company that offers houses to its executives coming from other cities and working for them. When these executives get transferred to some other place, the other executive coming in his place occupies the house. The lease is in the name of the company and the house goes to the executives working for the company.
Chennai property market also witnessed a slowdown during global recession period but now the market has again revived and is showing steady growth. Various steps were taken to revive the market as a result of which this sector again started showing positive results.
Rental houses are easily available in Chennai. Since the city has also gained the reputation for outsourcing jobs, the number of BPO companies has gradually increased. Youngsters as well as technology professionals are witnessing good career growth in this city. To stay in Chennai, they generally seek rental properties. On the basis of requirement, one can either go for independent rental houses in Chennai or flats. Generally young people who have recently started working or small families prefer taking flats on rent, as their needs are comparatively simpler. On the other hand, people who are on higher positions and have been transferred to Chennai for their jobs prefer buying houses in Chennai. These houses are available in lots of varieties such as 2 bedrooms, 3 bedrooms or 4 bedrooms. One can select according to their needs and liking.
One can easily get hold of good houses in areas like Old Mahabalipuram Road and other areas in the vicinity, which are available on rent. According to the budget, one can select from the wide options available.
With, several new projects coming up, developers and builders in Chennai are all set to meet the increasing demand of properties in Chennai. These houses are either available on rent or they can be taken on lease by different companies for their employees.
House for lease in Chennai is available in areas like Pallavaram, Kotivakkam, West Mambalam, Alandur, Kandanchavadi, Mylapore, Saligramam, etc. A variety of properties are available such as 3 BHK Apartments, 2 BH apartments, independent houses in posh localities, first floor houses, etc. An individual looking for leasing these properties just needs to identify his requirements and he will have ample options to choose from.
These houses as well as flats are available in a wide price range. They are quite affordable for people with a limited budget. Conversely they are available in high range as well that are basically meant for people with higher means and those who are on top positions in corporate sectors. In case, safety and security are top priorities, one should go for flats or apartments. Big families or individuals looking for more space can go for independent houses or bungalows as well that are available easily in many good areas of Chennai. Those who opt for fully furnished houses can simply shift with their clothes and personal belongings.
These houses can be rented or leased for short or long term duration according to the requirement. The range of rent varies from area to area. In some areas 2 BHK houses are available at 5000 INR per month to 20,000 INR per month. Similarly in posh areas, the rent is generally on the higher side. So the people planning to move to Chennai can be rest assured as there are a wide range of rental and lease properties available to meet their needs and requirements.