Properties to rent in Chennai have turned out to be the latest fad in the city and there are distinct reasons for this transformation. Chennai’s real estate scenario has been burgeoning over and above most other metropolitan cities of the country.

1. Reasons for the Rise in Popularity of Properties to Rent
in Chennai
Properties to rent in Chennai
have turned out to be the latest
fad in the city and there are
distinct reasons for this
transformation. Chennai’s real
estate scenario has been
burgeoning over and above
most other metropolitan cities
of the country. Several
premium builders and
developers have introduced
prestigious milestone projects in
the city thereby accelerating
realty demand and pushing the
economy to an all time high.
High demand has pushed the
prices of these properties and
also expanded the city in order
to accommodate the inflow of population from other parts of the country. Commercial
projects in Chennai are also increasing simply because the city demonstrates greater
potential to emerge supreme in the years to come.
While there are a huge number of flats for sale in Chennai along with other kinds of
residential units; the city has observed an increasing demand for rental properties.
Properties to rent in Chennai have become exclusive and there is greater demand for
such properties today. Here are the reasons that substantiate this sudden spurt of
interest in rental properties.

2. 1. Migrating population
The new age industries have created ample employment opportunities in the city.
IT/ITES, manufacturing and automotive organizations have recently created
strong presence in Chennai. They require a large manpower base that has
attracted interests of professionals from other
parts of the country and elsewhere. This
segment of migrant population may or may
not make the city as their permanent base.
But even in the short run; they require
comfortable, secure and urban residential
hubs and this is where rental properties have
become a huge hit. Also, there are several investors that have demonstrated
interests in caching in on the commercial viability of the city. Thus commercial
projects in Chennai on lease and rentals are also thriving immensely.
2. Cost of homes
Chennai may be relatively affordable when compared to other metros but the
cost of flats and apartments here is still a little inaccessible especially for those in
the middle income segment and amongst those who have made the city their
temporary abode. Properties to rent in Chennai are
therefore an easy resort to such communities of
customers. They enjoy the benefits and amenities
offered by these new high rises and modern
apartments but do not have to pay a large sum to
make it their own at least considering their short term
prerogatives.
As more and more premiums sale and rental residential properties and commercial
projects in Chennai spring up every other month; the city is all poised to witness large
scale economic development.

3. ABOUT US
Akshaya was founded in 1995 under the stewardship of Mr. T. Chitty Babu, a leading light of
the real estate industry in India. It has grown into one of the most awarded companies in the
country acclaimed for its transparent business practices and innovation. The journey over the
last 19 years has seen the company excel in both the home and commercial domains by
building more than 150 magnificent edifices in South India.
CONTACT US
Akshaya Services Private Limited
Capitale,
No. 22, 2nd Street, Nehru Nagar,
Adyar, Chennai - 600 020.
Tel: 044 - 2445 1818
Website: www.akshaya.com