Growth of Commercial Real Estate in Chennai’s IT Corridors

[Murshidh]

What factors are driving the growth of commercial real estate in Chennai’s IT corridors?

• This topic was modified 6 months, 3 weeks ago by gaichermaickel.

[Kumaran]

The continuous expansion of IT companies in areas like OMR and Taramani is a major factor. These companies need more office space, leading to increased demand for commercial properties.

[Revathy]

Infrastructure development, including better road connectivity and metro expansion, has made these IT corridors more accessible, boosting real estate growth.

[Jeeva]

The availability of Grade A office spaces with modern amenities is attracting multinational companies to set up operations in Chennai’s IT corridors.

[Caleb manoha]

Proximity to talent pools, with many educational institutions nearby, makes these locations ideal for IT firms, further driving demand for commercial real estate.

[Thiru venkatesh]

The government’s supportive policies, including incentives for IT parks and SEZs, are encouraging more development in these corridors.

[Babu]

The growth of co-working spaces in IT corridors is also significant. These spaces offer flexible leasing options, which are popular with startups and small businesses.

[Geetha]

High rental yields and strong demand make commercial properties in IT corridors attractive investments, drawing both domestic and international investors.

[Palani]

Sustainability is becoming important, with many new developments focusing on eco-friendly buildings, which is appealing to companies looking to reduce their carbon footprint.