Commercial Properties in Chennai
Intro: CBD or Central Business District has reached a saturation point for
commercial properties in Chennai shifting the focus to Chennai suburbs.
Real Estate in Chennai is experiencing a gala time with the demand for both
commercial and residential properties soaring high. With the three metro cities
becoming a hot destination for an MNC or BPO set up, Chennai also beckons to
the multinational companies with an equal charm.
The strategic location of Chennai with an easy access to sea and railway network
gives it an additional advantage over others. Chennai is the only city in the entire
southern part of the country that has emerged as the biggest commercial and
industrial hotspot. Chennai has one of the largest transportation networks,
biggest sea port in Southern India and an international airport connecting it
globally. Commercial properties in Chennai are ready to scale the heights. The
establishment of MNCs, development of IT Parks and a number of upcoming
shopping malls in the city of Chennai raise the demand for commercial
properties in Chennai. Not just the buyers, but investors too are taking a great
interest in the purchase of commercial properties in Chennai. Purchasing a
commercial property in Chennai and renting or leasing it for a significant sum
can bring in great financial returns for a lifetime.
Chennai accounts for at least 60 percent of automobile exports of the country.
Thus, not only the IT tycoons but the automobile giants also create a heavy
demand for commercial properties in Chennai. The coastal location of Chennai
makes the automobile export shipments an easier process. Chennai is enjoying
the taste of development as never before. The successful execution of business
from Chennai as proved by the already established multinationals is a reason
enough to draw many others to operate their business from Chennai. The rapid
rate of commercialization needs to be balanced with the availability of
commercial properties in equal measure to keep the situation under control.
Commercial properties in Chennai includes both office and retail establishments.
CBD or Central Business District has reached a saturation point for commercial
properties in Chennai. This has shifted the focus to the Chennai suburbs for
acquiring a commercial property. The commercial properties in Chennai are
available either as ready-to-move or in raw form. The demand for ready-to-move
office space is higher as it gives the option of quick shifting of the manpower to a
new fully functional set up without wasting much time. Office space can be
bought, leased or rented as per the budget limitations. Leading real estate
developers are building office complexes which are more sophisticated and well
furnished so that they meet the international standards of the MNCs.
Real estate boom is driving the sale of commercial properties in Chennai at a
rapid rate. High sales indicate more employment generation which is a good sign
for the economy.
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