One of the metropolitan cities in India, Chennai is only next to Bangalore as an exporter of software & IT/ITES. Besides being the IT hub, Chennai is also home to many reputed automobile companies & healthcare brands. The city is spotted with many industrial as well IT parks, all thanks to the initiative of the state government.
As far as connectivity is concerned, there is the world class Chennai port, which is second busiest port in India. There is a well developed railway network which connects Chennai to the rest of the country, & there are state-of-the-art national highways also.
Residential Property Trends In Real Estate In Chennai
Central Chennai and Off-Central Chennai are among the most premium locations featuring premium residential properties. With the influx of a large number of professionals seeking job opportunities in the IT/ITES enabled sector, many real estate companies have invested in developing mid-range residential projects in the city.
Growth Trends In Office Space In Chennai
The growth in Office space in Chennai has been really phenomenal in past few years. As per many experts, the demand for Office Space In Chennai is going to be at par with the office space demand in Mumbai. Most of the demand for office space comes from IT/ITES & manufacturing sectors. Old Mahabalipuram Road (OMR) seems to be the popular location as the demand for office space is concerned.
Rising Demand For Chennai Real Estate by the Retail Sector
With Chennai emerging as a popular destination for luxury & premium retail brands, there has been a rise in the demand for commercial space. Wallace Garden Road & Khadar Nawaz Khan Road (KNK Road) are the most popular destinations in Chennai for commercial investment. T. Nagar, R.K. Salai, Besant Nagar, etc are some other locations which are witnessing a steady growth in demand. With the retail market in Chennai soon to catch up with the mature retail markets in other metropolitans like Delhi & Mumbai, the demand is going to spiral upwards even further.
Investing in real estate in Chennai has become a really profitable proposition today.