Chennai’s Rental Market Sees Increased Demand from IT Professionals

[Akash MS]

What’s causing the rise in demand for rental properties from IT professionals in Chennai?

• This topic was modified 6 months, 3 weeks ago by gaichermaickel.

[Inba Karthik]

The growth of Chennai’s IT sector, especially in areas like OMR and Sholinganallur, is bringing more professionals to the city, increasing the demand for rental accommodations nearby.

[Sharan]

Many IT professionals prefer renting over buying due to the flexibility it offers, especially if they’re on short-term projects or contracts.

[Yamini]

The proximity of rental properties to IT parks and tech hubs is a major factor. Living close to work reduces commute times, which is highly desirable for IT employees.

[Preethi]

There’s also a rising trend of shared accommodations among IT professionals, making it more affordable to rent in prime locations.

[Bhanu]

The availability of fully furnished apartments with modern amenities is attracting IT professionals who prefer hassle-free living arrangements.

[Heera]

With more young professionals entering the IT industry, the demand for rental properties, especially in co-living spaces, is on the rise.

[Tharun]

Rental prices in Chennai’s IT corridors are increasing due to high demand, which indicates a robust market with good returns for landlords.

[Mahendran]

The pandemic has influenced some professionals to seek larger rental spaces to accommodate remote work, further driving demand.

[Nifas ahamedh]

Overall, the continuous influx of IT professionals into Chennai is significantly boosting the city’s rental market, particularly in tech-centric areas.