Influx of working professionals and new residential projects are not driving rentals in a locality. Social infrastructure is a major drawback why rentals on Rajiv Gandhi Salai, GST Road and in Sriperumbudur have not gone up to the level of expectation, say real estate consultants.
On Rajiv Gandhi Salai, demand for residential space is less compared to supply. A two-bedroom flat ranges from Rs.8,000 to Rs.10,000 in pockets of Perungudi and Thoraipakkam, says a spokesperson of Hanu Reddy Realty. GST seems to be better off than OMR as it is has better infrastructure....Read more in The Hindu.