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 erstw...