Chennai, the capital of Tamil Nadu is located on the Coromandel Coast of the Bay of Bengal. Catering to a large population, Chennai enjoys a status of the fourth largest metropolitan city in India. It is becoming more famous because of large emergence of IT companies which have given a new meaning to Chennai commercial properties.
The booming IT/ITes and the BPO industry of Chennai have also played a significant role in altering the residential set-up. It has helped the city to cater to demanding needs of the business market. The upcoming trend in Chennai is of apartments offering an array of facilities such as swimming pool, gymnasium, club houses etc
Keeping the pace with the fast development of commercial properties in Chennai , the city’s retail market is also set to render as strong boost to its property market. Mall culture in Chennai is ready to exert its full charm, with several glitzy shopping malls to come up over the next three years. Some upcoming retail projects in the city are to be brought by prominent builders such as DLF, Shriram Properties, and Prestige Group. This clearly underlines an explosive growth of real estate Chennai sector.
Retail projects in Chennai are fast overtaking other development plans especially the feverish activity of building housing units. It is pushing the demand for retail space in areas including Besant Nagar, Aminjikaral, Velachery, Mogappair, Sirusseri, Semmenchery, and Perambur.
With Chennai properties witnessing sharp appreciations at a rapid rate, real estate investments in the city is undoubtedly worth the idea. Chennai is fast changing into one of the most preferred destinations for cross-border investors looking forward to carve out a substantial niche in Indian property market.