Rental market in Anna Nagar

Initially developed by Tamil Nadu Housing Board in the 1970s, Anna Nagar locality has proven its real estate potential in the past. Surrounded by localities such as Shenoy Nagar, Arumbakkam, Kilpauk, Anna Nagar West, Anna Nagar East, and Konnur, Anna Nagar is blessed with an unyielding realty market, perfect for short and medium term investments. The structure of this locality is designed as such that it resembles the development patterns of the West. All the roads are laid parallel and perpendicular to each other, neatly connecting Avenues one through seven. The prominent locality of Anna Nagar harbours the historical landmark constructed in the late 1960s; the iconic Tower Park. This goes to show that the locality has come a long way from its solitary days of quietness and minimal population to a branched-out locality, rich in commercial, residential, educational, medical, and industrial units, along with buzzing life and a great potential for growth. Residential blocks were sequenced as per alphabetical order and each was intelligently laid with roads lacking dead ends, evenly spaced footpaths, rows of independent houses, reserved spots for commercial zones, and green parks for each street.

 Anna Nagar is bounded by the New Avadi road towards the north, 100-feet road and Ambathur Estate road on the west, Chennai Port-Maduravoyal Expressway connecting to Poonamalle High Road towards the south, and Anna Arch Road on the east. This efficient road network, along with the famous Anna Nagar Roundtana located at the intersection of 2nd and 3rd Avenue offers Anna Nagar excellent road service to the neighboring localities, as well as nearby cities such as Chennai, Ambattur, Thiruninravur, and Ponneri. However, the Nungambakkam railway station and Chetpet railway station are at a distance of 5 km and 6 km from Anna Nagar. Other stations in the vicinity include Perambur and Kodambakkam railway stations. Chennai International Airportis 40 minutes away from Anna Nagar, typically at a distance of 16 km via the Trichy-Chennai highway and Jawaharlal Nehru Road.

 The property market around Anna Nagar has always been a hotcake over the past two decades. The localities green cover and the well organised and structured construction of this locality has been the primary reason for its steady growth in terms of real estate. As the property values start to saturate and the space becomes limited. Many people have resorted to taking up rental properties in this area. The love for the locality and the connectivity it offers to Ambattur, Avadi, ICF and other industrial localities around Chennai is seen as a primary reason for its growth. Anna Nagar has many individual house for rent in Chennai to offer to the market, these house offer a lifestyle and luxury well suited for the area. While finding a good house for rent in Chennai has become a really challenging task, Anna Nagar offers a great platter of properties to choose from. With excellent schools and medical facility available within the area, Anna Nagar becomes a self sufficient locality and is most prefered for the luxury and stylish rental homes it has to offer.

 

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