Government-led initiatives, such as the appointment of the Economic Council to make Tamil Nadu a favourable investment destination, are driving commercial investments in the State. This will boost employment opportunities, and Chennai, being the capital, is not far behind in riding this wave of development.
Additionally, continuous infrastructure upgrades, such as metro connectivity, have increased the city’s appeal among end-users and tenants. For investors like you, the city presents several investment-worthy zones, like Central Chennai. Read this article to learn the top areas in Central Chennai to earn high rental income.
Top five areas to earn the highest rental income in Chennai Central
Here are the top localities in Central Chennai where you can invest in properties to earn substantial returns.
Kilpauk
Kilpauk is strategically located close to several employment hubs, which include:
- Nagappa, Guindy and Ambattur Industrial hubs (12-13 km)
- Egmore and Nungambakkam business hubs (5 km)
- Chennai Central Railway Station (5 km)
- Velachery commercial area (17 km)
- Chennai International Airport (19 km)
Some of the popular social infrastructure around Kilpauk includes:
| Schools | Hospitals | Recreational places |
|---|---|---|
| CSI Bain School | Meera Hospital | Kilpauk Garden |
| Chinmaya Vidyalaya | Murugan Hospitals | Kelly's Corner |
| Uniheights International Kindergarten | Chennai National Hospital | Aspiran Garden |
Existing residents have also praised these factors in reviews about Kilpauk on the 99acres Ratings and Reviews platform and rated it 4.3 out of five on the 99acres Ratings and Reviews platforms.
The average property price in Kilpauk has increased by over 30 percent in the last five years, bringing apartment prices in Kilpauk to Rs 12,700 per sq ft (source: 99acres). The locality offers ample residential apartments in 2 BHK and 3 BHK typologies, with prices starting from Rs 1.6 crore and Rs 70 lakh, respectively.
You can check the table below to know the area's monthly rental.
| Expected property rent in Kilpauk, Chennai | |
|---|---|
| Property type | Minimum rent |
| 2 BHK residential apartment | Rs 22,000 per month |
| 3 BHK residential apartment | Rs 32,000 per month |
Disclaimer: The above details are based on the listings posted on 99acres in August 2024.
To explore properties in Kilpauk, Chennai, click here.
Egmore
Egmore has received an impressive 4.4 out of five on the 99acres Ratings and Reviews platform. Most reviews about Egmore highlight the availability of transportation, metro connectivity and proximity to social amenities. Schools, hospitals and recreational areas within a three km radius. Some of the popular ones include:
| Schools | Hospitals | Recreational areas |
|---|---|---|
| Don Bosco School of Excellence | Life Care Hospital | Alsa Mall |
| Anita Methodist School | VS Hospital | Express Avenue |
| Sana School | Mercury Hospital | Wellington Plaza |
- Chennai Central Railway Station (3 km)
- Employment avenues of Anna Nagar (8 km)
- Tharamani and Perungudi IT hubs (15 km)
- Chennai International Airport (18 km)
- Ambattur and Guindy Industrial areas (12 km)
Owing to its ease of access and high liveability, Egmore is touted as one of the best places to live in Central Chennai. Notably, property prices in Egmore have appreciated over nine percent in the last five years. This hike has brought the average apartment price in Egmore to Rs 13,900 per sq ft. Investors can buy a 3 BHK apartment in Egmore, ranging between Rs 2.35 crore and Rs 3 crore and expect a monthly rental of about Rs 50,000.
To check out the properties in Egmore, Chennai, click here.
Aminjikarai
Aminjikarai is located within a 10-km radius of prominent employment hubs in Chennai, garnering a high rental demand from working professionals. The Ambattur and Guindy Industrial areas are also within a 10-km radius.
According to 99acres data, apartment prices in Aminjikarai average around Rs 10,150 per sq ft. A 3 BHK unit costs around Rs 85 lakh and can fetch a monthly rental of about Rs 45,000.
Although property prices in Aminjikarai are lower than in Kilpuk, Nungambakkam and Egmore, the area ranks high on social infrastructure. Some schools, recreational areas, and medical facilities within a three-km radius of Aminjikarai are here.
| Schools | Hospitals | Recreational areas |
|---|---|---|
| St Vincent's Matriculation School | CFC Multi Speciality Hospital | Ampa Skyone |
| Ranga Nursery Primary School | Billroth Hospital | Nelson Plaza |
| DAV School | Lifeline Hospital | LKS Plaza |
In their reviews on Aminjikarai, the residents praise the easy availability of public transport and metro connectivity. The locale has received a 4.2 rating out of five on the 99acres Ratings and Reviews platform. All these factors combined make Aminjikarai a sought-after locality for tenants and end-users.
To explore properties in Aminjikarai, Chennai, click here.
Choolaimedu
The price of an apartment in Choolaimedu averages around Rs 9,700 per sq ft which is comparatively lower than Kilpauk and Egmore. Investors can buy a 2 BHK flat in Choolaimedu starting at Rs 50 lakh onwards and earn a monthly rental of about Rs 16,000 per month (source: 99acres).
Choolaimedu, being in close proximity to the bustling commercial zones of Anna Nagar, about five km away, enjoys a steady and constant rental demand. The other employment areas in proximity to Choolaimedu include:
- Guindy Industrial Estate (8 km)
- Ambattur Industrial Estate (10 km)
- Olympia Tech Park (8 km)
- DLF IT Park (11 km)
- Tidel Park (14 km)
- International Tech Park, Tharamani (15 km)
Former and current residents have rated Choolaimedu 4.3 out of five on the 99acres Ratings and Reviews platform. The reviews of Choolaimedu cite its proximity to schools, hospitals, and marketplaces as the locale’s positives. Additionally, transportation availability and night safety are some of the highlighted attributes.
The schools, hospitals and marketplaces within a three km radius of Choolaimedu are:
| Schools | Hospitals | Recreational areas |
|---|---|---|
| Chennai High School | Jolen Hospital | Nelson Plaza |
| Kendriya Vidyalaya | Amma Hospital | Forum Mall |
| Anjugam Primary School | Bharat Hospital | 10 Square Mall |
To explore properties in Choolaimedu, Chennai, click here.
Arumbakkam
With 4.2 ratings out of five on the 99acres Rating and Reviews platform, Arumbakkam is among the top areas to live in Central Chennai among end-users and tenants. In fact, most reviews about Arumbakkam highlight metro connectivity, availability of transportation and proximity to schools, hospitals and marketplaces.
Here are some of the social amenities in and around the Arumbakkam.
| Schools | Hospitals | Recreational areas |
|---|---|---|
| Good Hope New Gen School | Appasamy Hospital | 10 Square Mall |
| Kanmani Montessori School | Hycare Hospitals | VR Mall |
| Anna Adarsh Higher Secondary School | Prime Indian Multispeciality Hospital | MMDA Market |
The locality mainly comprises residential apartments and has witnessed about 15 percent price appreciation in the last five years. The average property price in Arumbakkam is about Rs 10,000 per sq ft, with prices of 2 BHK and 3 BHK apartments starting around Rs 63 lakh and Rs 1 crore, respectively.
Here is a brief outline on the average monthly rental income that you can earn in Arumbakkam, Central Chennai.
| Expected property rent in Arumbakkam, Chennai | |
|---|---|
| Property type | Minimum rent |
| 2 BHK residential apartment | Rs 15,000 per month |
| 3 BHK residential apartment | Rs 30,000 per month |
Disclaimer: The above details are based on the listings posted on 99acres in August 2024.
To explore properties in Arumbakkam, Chennai, click here.
Proximity to key employment hubs, social amenities, and robust infrastructure development have positioned Central Chennai as a prime residential hotspot. Being a convenient choice for working professionals, the regions across Central Chennai drive a steady rental income. While investing in Central Chennai may look promising, as an investor, you should do your research before making your buying decision.
