East West Commercial Real Estate

Chennai, formerly known as Madras, is one of the four metropolises of India. The capital city of Tamil Nadu, Chennai is the core of all economic, political, and business activities of the state. Chennai is fast achieving repute for IT as well as industrial development. The city provides a fluid environment for investors and buyers to plunge in and explore in both residential as well as commercial sectors.

The Indian real estate is a budding sector and is a boost to the Indian economy. Chennai’s’ real estate segment is impelled by the residential and the commercial sectors. The booming IT industry plays a major role in the commercial upswing in Chennai.

Chennai real estate is a potential market. Being the fourth largest metropolitan city of India, Chennai houses regional offices of many major corporate houses. It stands amongst the trade capitals of the country.

Chennai’s property trends have witnessed gradual upturns with the establishments of a multitude of IT/I.T.E.S and BPO firms, which have generated a plethora of services, employment opportunities and growth prospects for the population. This has led to a significant rise in the real estate demand. Due to the changing lifestyles of the people as a consequence of immediate developments introduced by the growing urbanization, a considerable rise in the property graphs has been recorded. The real estate segment caters to the land requirements for a huge mass of population.

Property in Chennai and land values is relatively cheaper than the trend followed in other metropolitan cities due to the availability of larger and suitable tracts of unutilized land. Having a vast coastline, the city stands at an advantageous position as compared to the other metro cities of India. With a lucrative investment scope, advanced infrastructure, intellectual talented workforce, sound English language skills enhancing the comprehensive developing environment, Chennai is rapidly emerging as a potential destinations for investors and buyers across the world.

The city is also proceeding to becoming a prime manufacturing hub for electrical and electronic industries as well as for auto components.

Chennai offers a stupendous inflow of real estate developers and builders due to the budding commercial scenario as well as affordable cost of living.

An abode to several multinational firms, Chennai has witnessed considerable growth in the commercial segment. The booming BPO, IT and I.T.E.S industries have played a vital role in amending the real estate market of Chennai, preparing it to adhere to the needs of the upcoming business and financial market.

 

Equally in step with the commercial sector, Chennai’s residential segment is also on an upswing, further accelerating real estate graphs of the city. The rising trend of luxurious complexes, flats and apartments in Chennai have poised the residential sector, catering to the growing demand for a quality lifestyle.

The progressing commercial market and increasing influx of IT experts have elevated the residential sales, compelling higher investments in the sector by competent builders and buyers.

Chennai is consistently gaining a vantage over neighbouring cities like Bangalore and Hyderabad as a result of better skilled manpower. Multinational companies exhibit a higher interest level in the city due to cheaper lodging facilities and sparse operational costs.

The retail sector has also picked up as a result of the increasing commercial and residential stakes in the real estate market. According to the President of Chennai Real Estate Agents Association, the land for setting up a shop is carefully chosen by the retailers. The vicinity of the prospective shop is thus judiciously contemplated upon.

With the growing commercial opportunities and advancements, Chennai is regarded as the commercial capital of India. The city is extensively emerging as one of the most sought after junctions by foreign buyers and investors, who thrive to make a mark in the Indian real estate.

With Chennai real estate witnessing appreciation at a fast rate, property investment in the city is worth the idea.