A number of premium developers across the globe are today on mission Chennai to complete construction of state-of-the-art residential and commercial structures.

1. Commercial Realty in Chennai - Then and Now
A city like Chennai in the last decade has ushered in burgeoning interests
towards commercial properties. Scope for colossal commercial and retail
expansion is cited as the number one reason why Chennai observes commercial
complexes and tall towers flooding its skyline. Chennai is today home to a
number of multinationals across industries and domains. These cash rich firms
are seeking more advanced, sophisticated and modern offices in the city or
suburban regions. This has created a big demand for fresh and urban
commercial space for rent in Chennai. A number of premium developers across
the globe are today on mission Chennai to complete construction of state-of-
the-art residential and commercial structures.

2. Commercial Realty - Initial stages
While there are some obvious preferences in terms of location of commercial
properties in Chennai, the city by itself is an investment hotspot for
commercial realty. Grade A office spaces within the city especially in the
Central Business District (CBD) present very attractive and lucrative options for
commercial buyers. However, the CBD is no longer spacious for
accommodating bigger establishments.
This is when Chennai started moving into newer realms. As IT/ITES,
automotive and manufacturing organizations made their way into the city, the
need for large spaces accelerated. Solution came in the form of suburban
markets and OMR was easily the first to shine. Better infrastructure, scenic
coastline and ability to expand further are OMR’s biggest advantages in terms of
commercial space for rent in Chennai.

3. Commercial Developments in OMR
Even within OMR, there are specific differentiators. Regions before the toll
plaza hold the perception of being a part of the city. They attract interests
because of easier and more cost-effective travelling. These regions today have a
number of high quality commercial properties that are occupied by large
multinationals and continue to be preferred by the newer entrants as well.
Regions beyond the toll plaza may have the limitation of distance but are well
compensated by attractive rental options. Favorable rentals for commercial
space to rent in Chennai especially after the toll plaza attract investor interest.
The government has stepped up pace in infrastructure activities of this region,
public transport systems here are on the process of getting upgraded and
specific zones are identified for commercial, residential and retail use. Chennai
is thus a rapidly growing destination identified by several real estate experts as
one of the most ideal cities for exceptional residential and commercial ROI.