#commercial property for rent in adyar chennai

[nestaway1]

Nestaway’s Insider Guide: Top 4 Family-Friendly Neighbourhoods in Chennai

Chennai, often dubbed the "Gateway to South India," is a city where history and modernity coexist in perfect harmony. It is a city that provides citizens with a good quality of life because of its rich cultural heritage, elegant temples, and perfect beaches. If you and your family are thinking of relocating to Chennai, there are a number of important things to take into account when renting accommodations through the Nestaway platform. Apartment rentals in Chennai are impacted by their location, connectivity, and security. Using the Nestaway good platform, you can choose a family-friendly property in Chennai in an area that exactly aligns with your needs. These areas give close access to prestigious schools in addition to accommodating your job convenience.  You can securely explore these localities for your Chennai house rental with Nestaway, ensuring a smooth transition.

Adyar

Adyar is a serene residential neighborhood located along the southeastern coast of Chennai, bordering the Bay of Bengal. Adyar is well-connected to major roads like the East Coast Road and Old Mahabalipuram Road, ensuring smooth travel within Chennai. Adyar is reachable via the city's suburban rail network due to the presence of its own MRTS railway station. This place is home to a number of reputable schools, notably the Bala Vidya Mandir Senior Secondary School, and Abacus Montessori School. Also, this locality is an appealing choice for professionals in the IT industry due to its closeness to the OMR IT corridor and Tidel Park. Furthermore, its proximity to the Adyar River and the Theosophical Society increases its appeal. Adyar is renowned for its safety. With a strong sense of community and well-guarded streets, it offers families a safe environment. Being a reliable source, the Nestaway platform can help you learn about Adyar’s residential and educational advantages, making it a good fit for your family's requirements.

Anna Nagar

A well-planned residential neighborhood, Anna Nagar is located in Chennai's northwest. Ambattur and Guindy Industrial Estate, Chennai's well-known job hubs, are easily accessible from this region because of the area’s outstanding connectivity to major routes such as Anna Arch flyover and the Inner Ring Road. Additionally, as displayed on the Nestaway reliable platform, Anna Nagar residents enjoy easy access to prestigious educational institutions, including SBOA Matriculation and Chinmaya Vidyalaya. The neighborhood also boasts of having its own metro station, which provides easy access to other parts of the city. Moreover, Anna Nagar is regarded as one of Chennai's safest areas, with well-lit streets and a vibrant neighborhood. You can trust its safe and secure environment. 

Velachery

Velachery, in South Chennai, is the biggest commercial center in this region of the city and is a booming center for both business and residence. This neighborhood holds distinction from other rental localities in Chennai because of its affordability and well-known transit system, which includes Velachery Main Road and the Inner Ring Road. This benefit is further enhanced by Nestaway. This region is a great alternative for professionals because it is in proximity to well-known IT parks, like Tidel Park and Ascendas IT Park. This area is also renowned for having some of the best educational facilities, including The Ashram Matriculation Higher Senior Secondary and D.A.V. Public School.

Mylapore

Mylapore, as highlighted through the reliable Nestaway platform is a locality located in the heart of Chennai. It is a very historic and culturally significant neighborhood. Mylapore has great access to well-developed roads, in addition to its proximity to major transport hubs like Chennai Central railway station. Some of the best educational institutes, including Lady Sivaswami Ayyar Girls' School and Vidya Mandir Senior Secondary School, are easily accessible in this locality.  The city's primary commercial areas and workplaces are also well connected to Mylapore. The Nestaway reliable platform ensures that you can learn about the many beneficial features of the locality and can book affordable accommodation here.

Conclusion

Chennai serves as a vibrant example of the evolving urban landscape of India with its rich cultural legacy, modern infrastructure, and diverse people. This dynamic city beautifully blends history and innovation, providing its people with a comfortable life. By relying on Nestaway's good ratings and Nestaway reviews, you can comfortably make well-informed financial decisions in Chennai's growing rental real estate market, where families often relocate for greater opportunities. It doesn't matter if you are a student or a working professional; Chennai will take care of your needs. As a student or a working professional, Nestaway will assess your rental and other costs. With the help of the Nestaway platform, you can estimate your rental costs while taking your particular needs into account. You have a choice of a plethora of options that are also pocket-friendly. It also facilitates a variety of rentable processes that enable accommodation in Chennai. Nestaway is backed by a variety of positive Nestaway review and Nestaway ratings. 

[deepika112]

Chennai's Best Places to Invest in Real Estate in 2024

Many times, prospective buyers, who are looking to purchase their first property or get good returns from their invested money in real estate, search for the best spots to invest in Chennai. Tremendous economic growth and infrastructural development in Chennai have attracted many investors.

The Best Area to Invest in Chennai for Appreciation and a Peaceful Lifestyle

If you look for land suitable for your own or just a plot to be expanded, then there will be some iconic places combining the charm of the old world with modern development. The elite developers and potential investors were unanimously inclined towards these top areas; hence, these turned out to be hot investment spots.

Motives for Investing in Medavakkam as the Best Area in Chennai

Sitting very near the airport (domestic) and eminent IT corridors (ITC), Medavakkam comes across as one of the top favorite places to invest in Chennai. Among its many benefits, its strategic location facilitates traffic efficiency and, at the same time, encourages both residential and commercial projects to be set up there. Medavakkam is unique with its mix of residential and commercial areas.

Scope of Poonamallee as the Best Place to Invest in Land in Chennai

Poonamallee stands out for its notable presence in defense establishments, contributing to its stability and rental income potential. With some of the lowest property prices among Chennai suburbs, Poonamallee presents an appealing choice for investors mindful of their budget. The area's accessibility is bolstered by the Poonamallee railway station and other nearby amenities, ensuring convenient commuting options for residents.

Adyar: A Prime Destination for Real Estate Investment

Plots for sale in Adyar give a range of available houses for customers with any budget type. That's why Adyar is the best choice for both seasoned investors and first-time buyers. With a multitude of educational institutes, hospitals, shopping malls, and entertainment spots, Adyar makes life a great place for residents.

Keelkattalai: Bridging Tradition with Modernity

An apartment for rent in Keelkattalai is a low cost building plot that gives you a peaceful environment that combines the urban convenience and the lack of noise of the busy town. Keelkattalai has undergone amazing infrastructure development, i.e., world-class road networks and very cheap houses. Properties that already exist there and new developments there still potentially offer promise for property value appreciation.

Nanganallur: Embrace Modern Living at Your Fingertips

Nanganallur stands out as the best property market in Chennai, which promises rapid growth, and the area gains popularity as an up-and-coming location for business opportunities. The fact that it is located in a strategic area near the most important IT parks and employment centers on OMR and GST Road makes it one of the first options for individuals wishing to cultivate their higher paying job opportunities in the growing market. Providing plots for sale in Nanganallur at a moderate cost.

Final Thoughts

Chennai offers various opportunities for investing in land, but the returns on your investment depend on the choices you make. In the blog, we've discussed some unique and affordable investment options that can offer potential returns. However, choosing the right location requires careful consideration of factors like connectivity, infrastructure, future growth potential, and affordability.

[realtor101]

Manapakkam and Thirumullaivoyal: Progress and Investment

In the following year, growth is anticipated to be very healthy, and the surge in the number of launches can serve as an indicator of the upcoming era. As per Anarock Research, the year 2023 has witnessed two localities emerging as vibrant, showing the maximum builder's positivity in developing new units.

Manapakkam and Tirumullaivoyl together witnessed an estimated 6,537 new units between January and December 2023, as the demand for new houses from buyers has been going up. The price per square foot in charges in Manapakkam and Tirumullaivoyl districts varied from Rs 6,497 to Rs 7,328, whereas the price in Chromepet and Kodambakkam was within the range of Rs 6,437 to Rs 6,693.

Forecasts for 2024 remain hopeful in these markets thanks to the continued demand. These markets, however, are about demand. Demands fund the operation.

Manapakkam:

Features:

Manapakkam develops into a top locality with a significant population, residence and business entities, luxury, and accelerated urban services. Stealth bricks among the astonishing beauty of the hills and the peaceful stream of the Adyar River, this place draws a fascinating combination influencing the well-being of a person again.

Showposting and building up a vibrant urban lifestyle, the Manapakkam area is decorated with IT companies, shopping malls, and recreational places.

Attending to the requirements of a diverse mix of people.

The main thing that distinguishes the area is its Tamil population, which presents itself as having a culturally rich background along with its beautiful street food culture and historical past.

Manapakkam is a place everyone would love to visit, as it combines traditional and modern living styles and is only a stone’s throw away from the banks of the Adyar River along the scenic trail.

Vibrant sunrises and kaleidoscopic entertainment options contribute to its zest.

Limiting itself to nearby towns, which are Guindy and Mugalivakkam.

This locality has the most efficient connectivity and accessibility in town.

Its peaceful and nearby location with various options makes it a perfect venue for both workers and local residents looking to rent flats in Manapakkam.

Property rates:

Manapakkam alone showcases around 33% of properties within the price range of ₹1-1.30 crore, and another 16% for ₹0.60-0.80 crore. The highly favored apartments for sale in Manapakkamare 3 BHKs, which account for nearly 47% of the total available properties.

Multistory apartments take up 80 percent of the properties in Manapakkam, of which a large portion of the aforesaid listings represent agents.

The mean price of a multistorey flat in Manapakkam was predicted at ₹7,204 for Q1 of January 2024. This was down by -0.81% from the pointer decade of October 2023.

Recent Developments:

It is a fact that Manapakkam, Chennai, does not lack transportation.

The city's road infrastructure is popularly employed, and frequent bus services, the metro, and local trains are also on offer.

The scene is a gold mine of commercial gains as the area accommodates several educational establishments, IT centers, hospitals, banks, and residential pockets.

Among these, the residential projects that ICPA Amora and Casagrand Woodside are putting up are the kinds of developments that define the geography of the area while pointing to a brighter future.

Thirumullaivoyal:

Thirumullaivoyal, where a thousand years ago the Chola Empire had built it. The Masilmaninathar Temple is situated in Thirumullaivoyal and Annanur Railway Stations and within a reasonable distance (a few miles) from natural tourist spots, which are also the site of the Masilmaninathar temple, a pilgrimage site.

Initially, it was known often as the "Mullaivanam." Hence, it was one of the sections of the 7th Siqalas department, or taluk.

Features:

Thirumullaivoyal public buses are operated by the government, and the local train runs in this area.

Ebenezer Modern School offers two types of extracurricular activities, including sports and drama.

There is a popular nightlife here, often with late opening restaurants.

While Bheeshma Park features kids' joy rides and an adequate play area, the newly proposed safari park has new possibilities for children.

We need to expect that the rising number of people in the Thirumullaivoyal region will drive up property prices.

Property rates:

As an investor, there is a need to closely track real estate markets in Chennai to capture the best opportunities and realize full potential in the capital appreciation of the property in Thirumullaivoyal.

At present, we have a total of 70+ properties available at Amarante, covering a price range that goes from ₹6.40 lakhs to ₹1.80 crore.

The average median price of villas for sale in Thirumullaivoyal only goes up to ₹50.14 lakhs, and it is much lower than ₹90.50 lakhs, which is Chennai's average.

There has been an upward trend in the price of the assets in Chennai and Thirumullaivoyal in the past six months too.

Recent Developments:

The Chennai-Anantpur highway is directly linked to "Gopat Street," which is currently going through expansion to handle the growing traffic volumes.

Several speed breakers have been placed by Easwaran Koli Street, which leads to the Chennai-Anantpur highway.

The neighborhood, in fact, is experiencing the launch of new industrial facilities, which has led to an increase in demand for flats for rent in Thirumullaivoyal.

The way to design public washrooms in the area is to increase convenience and pleasure for the community.

Through the placement of dustbins along the area, cleanliness is being taken care of.

[silverskybuilders]

Nature friendly lifestyle homes in Chennai

Link: www.silverskybuilders.com/best-locations-chennai-new-apartment-seekers Meta Title: Chennai’s Best Locales for New Apartment Seekers 2023-24 Meta Description Whether it’s the serene surroundings of Puzhal or the bustling lanes of T. Nagar, Chennai offers a new vibe with these unique locations.

Discovering Chennai: The Best Neighborhoods for New Apartment Seekers 2023-24

Chennai, a city with a rich tapestry of culture, tradition, and modernity, has undergone significant urban transformation over the years. As this bustling metropolis grows, choosing the right neighborhood to call home becomes a pivotal decision for newcomers.

The Criteria                

The perfect neighborhood often sits at the intersection of convenience and character. From proximity to work hubs and availability of essential amenities, to the neighborhood's safety profile and its growth potential, there are myriad factors to mull over before making a choice.

Puzhal: An Unexpected Gem

Nestled in North West Chennai is Puzhal, an area once primarily known for its majestic Puzhal Lake. Today, it's an emerging hotspot for apartment seekers for numerous reasons:

Affordability: Puzhal offers a range of housing options that don't break the bank.

Amenities: From schools and hospitals to shopping arcades, Puzhal ensures residents don't have to travel far for their needs.

Nature's Bounty: The Puzhal Lake isn't just a historical landmark; it provides an open space for relaxation and recreation, a rarity in bustling cities.

Moreover, the neighborhood buzzes with tales of content residents, making it a compelling option.

Chennai's Other Charms

Beyond Puzhal, Chennai houses several other noteworthy neighborhoods:

Adyar: A unique blend of the old and new, it offers an authentic Chennai experience.

Anna Nagar: Known for its meticulously planned streets, it's an urban dweller’s dream.

Velachery: With stellar connectivity, it's ideal for the daily commuter.

Besant Nagar: For those who dream of a home near the sea, this beachside locale is perfect.

T. Nagar: This commercial hub pulses with energy and is a shopping enthusiast’s paradise.

The Future Beckons

Chennai's skyline is ever-evolving. With a plethora of upcoming projects and the expansion of the Chennai metro connecting Madhavaram to OMR and SIPCOT is going to redefine how we view North of Chennai, especially  North West Chennai, and increase the value for the surrounding areas like Madhavaram and Puzhal. Making the Right Choice

For newcomers, the Chennai real estate market can seem like a labyrinth. However, a few pointers can help in navigating it:

Research: Understand the market trends and the history of property values.

Local Insights: Engage with residents to glean genuine feedback about areas.

To Rent or Buy: Consider your long-term goals. While buying is an investment, renting offers flexibility.

In Closing                 

Chennai, with its myriad neighborhoods, offers a home for every seeker. Whether it’s the serene surroundings of Puzhal or the bustling lanes of T. Nagar, the city promises a unique blend of experiences. It beckons newcomers to not just find a house, but a home.

[newrysblog]

7 Tips in 2021 To Help Buy House In Chennai | Newry Property

Key Takeaways:

Begin your house hunt after considering the type of property, your affordability and your financial constraints.

The process of buying a home involves analysing your needs, fixing a budget, hunting down a property that aligns with your expectations, planning your finances, proposing an offer, closing the purchase with proper documentation and then insuring the property.

1. Consider the choices

Having a clear picture about what you’re looking for and why makes your way forward smooth. It helps you make an informed decision. Start with defining your purpose – whether you want to move in and occupy immediately, rent out the property, leave the space for lease or simply buy for investment. Based on your purpose, choose the type of property you want – apartment, villa, penthouse, gated community, commercial space or a plot. For example, if you’re looking to invest in real estate, a plot is the best and most-opted for, while for rental purposes, nothing beats buying an apartment. Most Chennaites looking to move-in are inclined towards buying properties in the proximity of medical, commercial, educational and other conveniences. This has made integrated townships a famous choice.

2. Fix your budget

On average, a person living in Chennai earns about ₹33,800/month. Though the amount seems good enough, the race between savings and expenditure is neck-to-neck, with all the bills to pay. So when you’re planning to invest in real estate and know what you’re looking for, it’s important to fix your budget. When working out your budget, ensure that you consider your present level of expenses, savings, capacity for loan repayment (if required), future investment plans, and tax implications.

3. Shortlist the preferred localities

The choice of location is what influences the cost of a property the most. Make a list of all the neighbourhoods you like starting from your topmost preferences. Then start ruling out based on your top priorities. Suppose you are buying a property for your personal use. In that case, it is best to consider localities that are well-connected and have proximity to your workplace, commercial centres, medical facilities, schools, etc. Sometimes, you may prefer a prime locality, but the rates

may not fit your budget. In such a case, you can consider properties in its neighbouring localities. This way, you get to enjoy the amenities of the main locality for much lower prices. Some of the best localities in Chennai include Manapakkam, Kottivakkam, Kolathur, Adyar, Annanagar East, Sholinganallur, Chrompet and Velachery among others. Newry has ongoing and upcoming projects in many of the localities mentioned above.

4. Check for resale value and rental returns

It is always good to analyse your Return On Investment (ROI). When it comes to real estate buying, the resale value of your property and the rental returns indicate your ROI. If you’re planning to rent out, buy a property that’s in high demand in commercially developed/developing areas with good accessibility to IT parks, manufacturing hubs, airport/railway stations, etc. for good-to-reasonable rental returns. The resale value is significant when you are buying real estate as an investment. To check for the resale value, consider the scope for commercial and infrastructure development in and around the neighbourhood, the connectivity and the builder’s reputation.

5. Evaluate your loan eligibility

When applying for a home loan, the amount sanctioned depends on your repayment capacity, mortgage value, income, a track record of existing debts and loans (if any), age of the applicant, etc. The prime factors that you must consider to apply for a loan include the bank, interest rates (lower the better) and your current expenses. Banks offer several offers for first-time buyers and women investors. Choosing the top and credible banks for availing your home loan makes this tiring procedure effortless and hassle-free.

6. Be aware of the associated and additional costs

Exclusive of the property’s purchase price, you can expect associated costs that are mandatory – stamp duty and registration fees. Only by paying this can you claim ownership of the property you are buying. Stamp duty is paid to the state government for the documentation of your property purchase, followed by which you will have to pay the registration fee to legally register all the documents. In most Indian states, the stamp duty and registration charges vary between 5-7% and 0.5-3%, based on the property value, respectively. In Chennai, the registration charge is 4% while stamp duty is 7%.

The additional costs incurred are the commission for your real estate agent, lawyer charges for validating the property documents and payment for the surveyor to evaluate the property that you choose to pledge. Though you can save money by not hiring an agent and a lawyer, both the human resources prove to be very useful.

7. Safeguard your new property with an insurance

There is a range of insurance policies with varying levels of protection & safety for your new property. During unforeseeable circumstances that lead to property damage, property insurance safeguards your asset.

With that, we have covered all the different aspects you need to consider before buying a property and the process that needs to be undergone. Whether you are a billionaire or not, property investment is an expensive affair that requires much of your involvement, attention and money. So, be wise and make the right choice!

[lookoutprop-blog]

Why it makes sense to rent in Adyar

The real estate situation across the country is not all that peachy these days.  A slowdown has plagued the sector for a few years now. Buyers are largely staying away from the industry as a whole. The realty prices have become exorbitant and no one has the kind of money that takes to buy properties any more.

Chennai is different from other metros in India mainly because people buy homes for their own use. The concept of investing in real estate, both commercial and residential, is still in a very nascent stage in the city. Research shows that almost 80-90 % of the home buyers buy homes for their own use. The good thing about this trend is that this consumer behavior reduced the volatility in the market.

But even this city has not been left untouched by the slowdown. Not much has movement on many fronts here which has left the city and its buyers wanting for more. Only a price correcting can bring relief to the masses who want to own a home at this point.

Chennai has a large manufacturing base with a number of heavy and light industries situated here. The city is home to a number of automobile manufacturers and is also a centre for auto ancillaries. The city is also a base for leather and garment manufacturers. In the last two decades, Chennai has also become a centre for Information Technology (IT) as a large number IT and IT enabled service companies have set up shop here. Chennai is a port city and goods from the hinterland are exported through this port.  All these are pointers to the fact that the city’s economy is well balanced and opportunities for employment are great. This has a cascading effect on the real estate sector which has been rather stable in this city

Adyar has always been a much sought after destination for home buyers. The main reason for its popularity has been that it is one of the less polluted localities in Chennai. The locality has two green lungs. The first being the Guindy National Park with its shrub forests, lakes and streams and the other the forest around the Theosophical Society.  In addition to this Elliot’s Beach in Besant Nagar is just 1.9 km away.

It is an area which is also a good place to find rental homes. The area is a high end micro market so owning a home here is a tad bit difficult. But fully furnished apartments for rent in Chennai would not set you back by much. You will get the comfort of living in this area but not have the consequences of paying a lot of money to own a home hear. There are plenty of fully furnished apartments for rent in Chennai which are available in this micro market. There is also individual house for rent in Chennai in this micro market. But those will be more expensive than renting an apartment.