COMMERCIAL PROPERTY

'Sedate' and 'steady' are the words that best describe the Commercial Real Estate scene in Chennai.

In the boom period of early 1994, when every builder jumped onto the bandwagon, Chennai's commercial market prices did not hit the roof, as it did in other metros. At the other extreme, when there was a slump across the country, this metro seemed the least affected. So the city has, in truth, weathered both sides of the real estate storm.

The current scenario in the Commercial sector in Chennai is proving conducive for the construction industry. Builders are going ahead at full steam to meet demand.

The IT sector is one of the most active buyer-segments in the market. And more demand is likely to be generated from Back office operations, Information Processing centres and Software development.

The hot and happening areas in the city in this sector are: Nungambakkam, Mount Road (1 km radius near Anna Fly Over) and Dr. Radhakrishnan Salai.

TRENDS IN COMMERCIAL PROPERTY PRICES

Approximate selling prices per square feet (In Rupees):

Approximate Rental prices in select locations (In Rupees):

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