Chennai is one of the major cities which has been playing a major role in the automobile industry. There are several automobile MNCs in Chennai and hence many people from across the country come to the city. In addition, now, many IT companies have been setting up in Chennai making it an ideal option for real estate. Speaking about the fast-developing area in Chennai, here are the top picks:
Medavakkam
Medavakkam is a calm and quiet place to stay. Most of the people staying here are IT employees. If you buy a flat in this area it will cost you around 40 lakhs to 50 lakhs, you can rent out a 2 BHK flat for around 15,000 per month.
Mambalam
Mambalam is a commercial area with many shops and stores nearby. It is ideal for a family as there are several schools, shopping complexes, temples and all the basic amenities that are required by a family. Here, the rent for a 2 BHK flat is for around 15,000 to 18,000 per month. You can buy a 2 BHK flat in Mambalam with a starting price of 45 lakhs.
Thiruvanmiyur
With the International Tech Park located in this area, Thiruvanmiyur has become an important residential location for IT employees. If you want to buy a 2 BHK flat in Thiruvanmiyur, it will cost you anywhere between 80 lakhs to 1 crore. If you want to rent out your 2 BHK flat in Thiruvanmiyur, you can charge a rent between 15,000 to 20,000 per month depending on the locality and amenities by the society.
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Which are the best areas to buy real estate (1 bhk flat) in Chennai for rental income?
Anonymous
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4 Year
2020-08-14T09:39:47+00:00 2020-12-15T18:37:53+00:00Comment
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