Chennai is fourth largest metro city, in context of population, in India. The capital city of Tamil Nadu was previously known by the name of Madras. Known popularly as the industrial city of India, Chennai has a number of companies as well as industries related to the hardware manufacturing, automobile, computer, healthcare, technology, etc. situated here. Chennai is also the second largest exporter of computer related software and IT enabled services known as ITES in India.

People from all across the Indian subcontinent come here hoping to make a good career. Most of them get settled here and make Chennai their home. These people either look for rental houses or houses on lease. Lease property is mainly taken by a company that offers houses to its executives coming from other cities and working for them. When these executives get transferred to some other place, the other executive coming in his place occupies the house. The lease is in the name of the company and the house goes to the executives working for the company.

Real estate in Chennai also suffered by minor level during the phase of global recession, however, now the market has again revived and is showing steady growth. Various steps were taken to revive the market as a result of which this sector again started showing positive results.

Rental houses are easily available in Chennai. Since the city has gained the reputation for outsourcing jobs, the number of BPO companies have gradually increased. Youngsters as well as technology professionals are witnessing good career growth in this city. To stay in Chennai, they generally seek rental properties. On the basis of requirement, one can either go for independent rental houses in Chennai or flats. Generally young people who have recently started working or small families prefer taking flats on rent, as their needs are comparatively simpler. On the other hand, people who are on higher positions and have been transferred to Chennai for their jobs prefer buying houses or flats for sale in Chennai. These houses are available in lots of varieties such as 2 bedrooms, 3 bedrooms or 4 bedrooms. One can select according to their needs and liking.

One can easily get hold of good houses in areas like Old Mahabalipuram Road and other areas in the vicinity, which are available on rent. According to the budget, one can select from the wide options available.

With, several new projects coming up, developers and builders in Chennai are all set to meet the increasing demand of properties in Chennai by popular builders in Chennai. These houses are either available on rent or they can be taken on lease by different companies for their employees. So the people planning to move to Chennai can be rest assured as there are a wide range of rental and lease properties available to meet their needs and requirements.