The rental values in Kodambakkam vary from Rs.25,000 to 45,000 on a monthly basis. This rental price is charged for the house type of 3 BHK and 4 BHK with square feet of 1350-2000. The provided info shows that the rental costs have noticed a drop of around 8%within Oct to Dec quarter of 2014, when compared to the Jul-Sep quarter. However, the rents drop in this area, the Amarprakash owners never file Amarprakash Royal Castle complaints stating drop in rentals since they will get handful of rents.
Impacting the rental scenarios of this area and also the focus of the Tamil firm industry is the reason for traffic jams. The Kodambakkam flyover was created in order to ease the traffic conjunction on the roads. However, it seems that it hasn’t relieved the issue for those who are working in the location of T Nagar. The traffic problems and insufficient road infrastructure within the neck of the woods have created negative impression on the real estate sector. Not solely this, the traffic growls also are impacting the approach to life that has resulted to the deduction in the number of enquiries for rent in the location. The authorities have tried to unravel the issues. Firstly, in 2011 the flyover has become operational to ease the problem, then in 2013, because of wear and tear, gaps between the flyover’s girders widened, and it went below repairs.
Recently, the Kodambakkam Bridge was changed to a one way road. The comuters who take the route from Vadapalani to Valluvarkottam is only allowed. Employees who are working in the IT corporations at T Nagar will get into the North Usman Road and will reach. Many residents, particularly those residing on rented house in T Nagar, have to be compelled to bypass the whole area and go through longer routes to get rid of traffic. Thus, several people decided to shift which resulted in rental demand and occupancy in the location. However, those who are taking this route from Koyembedu and Nungambakkam, the area can give several facilities. Kodambakkam is the home to the prosperous individuals of the city, as most of the Tamil studios like AVM, Prasad, Gemini RedRock etc are placed in and round the location. It is the house for several TVstars, well-known musicians and lots more.
Real Estate Developers 