2 BHK House/Villa for Rent in Sholinganallur Chennai

The current market will wipe out many inexperienced brokers who jumped into this business just to make easy, big bucks. This will present an opportunity to those who are dedicated and have gained rich experience in providing housing solutions to end-users.

Many localities in Chennai offer affordable renting options; you can rent a house for less than Rs 10,000 a month in these localities.

As per Artha Yantra Corporation study, Chennai is the third-most expensive city. This creates a positive impact on the rental markets in Chennai as it is affordable to rent than to buy. Furthermore, the increasing employment opportunities and the upcoming Chennai Metro will add to the demand for rental apartments in Chennai. Pallikaranai, Perumbakkam, Medavakkam, Sholinganallur and Navallur are some of the localities that witnessed an increase in the rental rates over the last few months.

The city also witnessed a decline of 68 per cent in new launches when compared to the new launches in September 2016. The drop in new launches is due to rising inventory overhang. The property prices remained stagnant month-on-month.

Chennai in 2015 welcomed the first route of Metro rail network. While the first phase is still being extended slowly and gradually, reports suggest that the detailed project report for the second phase has been prepared and completed by RITES, which has also been submitted to the state government. MakaaniQ lists facts about the proposed second phase and also, about the first phase that has was opened to the public last year.