The automobile and manufacturing hub of India, Chennai is one of the developing and expanding metros in the country. With a population of over 10 million, the city has a number of well-known residential corridors and commercial zones. As these continue to thrive, an influx of foreign institutional funds, multi-nationals and cosmopolitan demography has made the city a global hub. Because of this influx, demand coming in from the automobile industry and non-IT driven sectors such as pharma, healthcare and logistics.

As a result, the city has a number of offices districts various newly developed regions such as the Old Mahabalipuram Road (OMR), Guindy, Anna Salai and Ambattur Industrial Estate. Perugudi, Tharamani, Sholinganallur, Karapakkam, Navalur and Pallavaram-Thoraipakkam Road regions along the OMR have been on the list of regions attracting most leases. With a continuous focus of infrastructure development, connectivity remains the biggest advantage of these regions.

Chennai office market is divided into six submarkets housing one Central Business Districts, two Secondary Business Districts, and two Suburban submarkets. CBD is an established social infrastructure with huge premium residential catchments. SBD’s are typically where higher asset quality is available as compared to other sub-markets as well as availability of commercial stock. PBD’s are where there is availability of large floor plates and relatively affordable rents, at high-quality buildings, for IT/ITeS occupiers.