Corporate Office Space in Chennai is Surging in Popularity

Corporate Office Space in Chennai

Commercial real estate in Chennai is going through a gala phase, with the demand for corporate office spaces in surging demand. With the three other metropolitan cities becoming a red-hot destination for IT/ITeS, MNCs, and BPOs, the city of Chennai also beckons to major corporate houses with an equal charm.

The strategic location of the city of Chennai with an easy access to the railway network and sea front gives it a distinct advantage over others. Chennai is the sole city in Southern India to emerge as the largest industrial and business hotspot. In addition, the city has one of the most efficient transportation networks, the biggest seaport in Southern India, and a world-class international airport connecting it to the rest of the globe.

Corporate office space in Chennai is ready to scale new peaks. The development of IT parks, establishment of MNCs, and an upcoming wide range of shopping malls have raised the demand for commercial spaces. It is not merely the buyers, the investors, too, are taking a phenomenal interest in the real estate scenario in the city. Renting out a corporate office in this city is sure to yield great financial returns in a short span of time.

Chennai accounts for nearly 60% of the country’s automobile exports. Thus, besides the IT tycoons, the automobile giants, too, create a high demand for such properties. The city’s coastal location makes the shipment of automobile exports a much easy process. Chennai is enjoying the fruits of development like never before. The successful execution of business in the city, as proven by already existing multinationals, is a reason that is sufficient to draw others for corporate office space in Chennai. The quick rate of commercialisation needs to be effectively balanced with the availability of real estate space in equal measure in order to maintain a balance.

Commercial properties in the city include both retail and office spaces. CBD or Central Business District has reached a point of saturation for such properties. This has resulted in the shift to the suburbs of the city to acquire a lucrative property. The commercial properties are available in raw or as ready-to-move form. 

The demand for ready-to-move commercial spaces is greater because it provides the option of immediate shifting of the existing manpower to a fully-functional setup without wastage of too much time. Office spaces can be outrightly bought or leased or rented based on the budget of the corporate house. Leading real estate developers, such as DLF, are at the forefront of creating commercial complexes which are extremely sophisticated and well furnished to meet international standards of large MNCs.

DLF Cybercity Chennai Phase 3.0 is one such complex. One of the most successful SEZ developments in the country’s Southern Region, DLF IT SEZ has been awarded the “Best Private SEZ” by the Ministry of Commerce and Industries. The world-class complex, which is spread across an area of 42 acres with horizontally-interconnected floor plates, is an ideal blend of leisure and work.

Thus, as can be seen, the demand for commercial spaces in the city of Chennai will always be there because of the myriad benefits the city has to offer.for more information about DLF Chennai, please log on to http://www.dlfcybercity.com/chennai/contact-us.html