Future Trends for Office Development in Chennai


Office on Rent in DLF Chennai
Prior to 2000, the Chennai commercial office market followed the trends of other city micro-markets, with commercial office spaces predominantly focused around the centre of the city. For Chennai this was and still is, especially for non IT businesses, the Anna Salai, Alwarpet, T Nagar, RK Salai belt. Typically, any company looking for office on rent in Chennai would narrow their search to within this radius. As is wont with CBDs in metro cities, these areas are well connected via all forms of transport and have residential pockets as well as means of leisure in the near vicinity, thus providing a holistic ecosystem for people to work and live.

However, post 2000, this situation changed. With the promulgation of the SEZ policy, IT service export emerged as a major avenue for economic development in India and Chennai also followed suit. In fact by 2018, as per estimates, 15% of India’s IT workforce, resides in Chennai. Quite naturally, the erstwhile and traditional office buildings serving non IT companies were simply not designed to handle the army of workers that IT companies employ. This led to the development of IT specific office zones.

Due to the requirement of large spaces for IT companies, commercial development spawned towards the peripheral areas of the city. The first IT park, incidentally promoted by the State Government,  was the TIDEL Park along the Old Mahabalipuram Road (OMR) in 2000. Since then the OMR, now christened as Rajiv Gandhi Salai, has emerged as a major artery of commercial IT space and residential development.  Gradually private players like DLF also recognized the potential of IT Parks in Chennai and invested heavily in the city.

DLF, in particular, has invested in developing DLF Cyber City Chennai with nearly 7.2 million sq.ft. on Mount Poonamallee Road. It has also activated another land parcel at Taramani that had been purchased in a government auction in 2006. It expects to develop another 2.5 million sq.ft. of high quality commercial SEZ space at this location.

With the rapid development of the metro rail and the peripheral road infrastructure, future supply of space meant for office on rent in Chennai is expected to develop towards the outskirts of the city. Further information on DLF IT Park Chennai address OR DLF Office Spaces in Chennai can be accessed at http://www.dlfcybercity.com/chennai

Comments

  1. Cybercity Hyderabad12 July 2021 at 04:55

    One of the amazing write up and i really loved it as well. Users may also visit for the best commercial property in chennai
    DLF cybercity chennai
    Cybercity chennai

    ReplyDelete
  2. unknown 4 February 2022 at 21:54

    Thank you so much for sharing all this wonderful information. It’s so appreciated .Looking forward for more such information like this. If you are looking for lease office space in Chennaithen DLF downtown Chennai Manapakkam provides you the best work space with huge facilities and a great infrastructure at a prime location of the city.

    ReplyDelete
  3. top best cbse school5 May 2023 at 21:28

    Overall, the coworking office space Market of India is attractive to businesses looking for affordable and flexible office solutions. With the growing demand for coworking spaces in India, there is a wide range of options available to businesses looking to rent coworking office space.

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