Rental market in Mylapore

Mylapore is located in south of Chennai. It is one of the most important religious and cultural hubs of the city. It is one of the oldest residential localities in Chennai. Mylapore, is one of the greenest areas of the city. The micro market is well connected to all parts of the city via road and rail. The central railway station and airport are located 7 km and 14 km away from this area respectively. The buses plying through this area connect to almost all the localities in the surrounding. Mylapore has a rich cultural and traditional heritage. Home to few of the oldest buildings, Mylapore is famous for its cultural events and the traditional south Indian food options. Once Mylapore was more of a pilgrim oriented spot because of the famous Kapaleeshwarar Temple and the temple‘s pond, now the same locality has expanded in area and has got many more important landmarks. It has some of the best and oldest music sabhas in the city to add to the cultural legacy. Mylapore, is one of the greenest areas of the city. The central railway station and airport are located 7 km and 14 km away from this area respectively. This prime residential/commercial area is surrounded by prime localities like Adyar, Alwarpet, Mandaveli and Royapettah. The locality is in close proximity to posh areas of the city like Boat club, RA Puram, and Adyar. The locality has some famous religious landmarks. The hundred year old Madras Sanskrit College is located here. Mylapore, the cultural and heritage hub of the city is one of the most preferred residential localities in Chennai. The availability of great amenities, infrastructure and accessibility has led to this locality becoming one of the most sought after real estate hubs in the city. Mylapore till date has been a prefered residential area for those music and art lovers along with the regular temple visitors. The community living in Mylapore is said to be great with excellent amenities. The typical occupants of this miro-market are mostly home owners, more so the second and third generation of property that has been passed on. In recent times after the apartment culture and high rise culture took over, many old timers have given up their spaccious independant homes to joint development. Thus many apartments have come up in the area and the rental homes in Chennai have also gone up quite remarkably. The average rent for a regular 2bhk for rent in Chennai starting at around Rs. 17,000, the rental market is said to be making a good amount of returns for investors. After all the urbanization and apartment culture taking over this micro-market the commonly faced hazzles being pollution and high levels of traffic. Many veterans feel that the one lush and green locality has lost most of its green covers to the newly constructed buildings. That being said many people prefer this area because of the unbeatable connectivity and accessibility to within the city as well as outside the city limits.