Chennai Advantage

Chennai finds place among the top ten preferred destinations in the world for IT and BPO companies across the world. This is a predominant factor for Chennai's real estate boom. Apart from proliferation of IT and ITES business, Chennai is fast emerging as a major manufacturing hub for auto components and electronic and electrical industries. Chennai as compared to other metropolitan cities in India has a distinct cost advantage, positive investment atmosphere, better infrastructure, young qualified workforce, lower attrition levels, English language skills which attract many domestic and multinational companies to set up business centers in Chennai. The Government has initiated plans to set SEZs (special economic zones).
World majors pitch for space in TIDEL Park and SIPCOT Park. On the whole, the demand is lead by IT-ITES sector, which contributes about 90% of the total demand for office space in Chennai closely followed by financial service industry. Yet another segment consists of the NRIs or the Non Resident Indians eyeing high value properties in Chennai.