CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Footprint of Chennai’s Future Business Districts and Resurgence of Integrated Townships

Shweta k • 20/01/2022

Rajiv Gandhi Salai evolved as one of the most sought-after destinations in Chennai to work and live with the amalgamation of lucrative investments; experiences of Walk-to-Work culture combined with the imminent infrastructure that connects south with the rest of Chennai.

With the shift in workplace preferences, Chennai witnessed a pivotal shift in business districts traversing south to the – IT Corridor. Rajiv Gandhi Salai is dotted as the self-sustaining growth corridor which offers copious options for integrated townships with city-like high-end infrastructure and amenities - assuring high rental yield and capital appreciation over the years.

The impending infrastructure fuelling connectivity with the shift in business districts and preferences towards communal living are expected to drive burgeoning residential demand over the next few years.

In this report, we delve into how the unprecedented times of the pandemic brought about a newfound interest in integrated townships. The rationale behind the shift in business districts and how Rajiv Gandhi Salai conceived as the IT metropolis with its testament to high-end integrated townships, now caters to a diverse community.

Read the Report.

Are you looking for a property in Chennai?
 
Properties for Sale Properties for Lease

CURRENT MARKETBEAT

Office Buildings CBD
Chennai Office Report

Chennai office market recorded a gross leasing volume of 1.8 MSF, a 2% q-o-q growth, driven by the south-west (57%) and suburban south (26%) submarkets. GCCs comprised 36% share, indicating a 17% q-o-q growth. Flex workspace operators accounted for 38% share, followed by BSFI (24%). YTD net absorption surged to 2.16 MSF, due to new supply coming up with high pre-commitments. Overall city rentals rose by 6% y-o-y.

Click here to download the report

Shopping Retail
Chennai Retail Report

Chennai’s main streets recorded leasing of 0.13 MSF in Q3-24, a 28% q-o-q growth, with Suburban South leading at 51%. Fashion drove demand, comprising 39% of Q3 leasing, followed by CDIT (18%). Prominent malls in the CBD, Suburban South and Peripheral South accounted for ~96% of Q3 mall leasing. Superior malls continued to enjoy tight vacancies of 1%-3%. Rental growth of 8-12% q-o-q was seen in Anna Nagar 2nd Avenue, Pondy Bazaar, and Usman Road – North, and 4-6% y-o-y in Nungambakkam High Road, Cathedral Road, Chromepet, OMR, and ECR.

Click here to download the report

Warehouse Internal Rack
Chennai Residential Report

Chennai residential market saw ~6,000 unit launches, a 19% q-o-q growth. Suburban South II submarket led with a 42% share, followed by Suburban South I (26% share). The mid-segment held 52% share, while high-end and luxury segments captured 32%, showing 71% q-o-q growth Affordable segment comprised 16% share, ~2X the volume of Q2-24. Rental values for mid-segment units in Off-Central I & II and Suburban South I & II rose by 2-3% q-o-q, while capital values in Off-Central II, Suburban South I & II and Suburban North rose by 4-8% y-o-y.

Click here to download the report

Warehouse Internal Rack
Chennai Industrial Report

Chennai saw warehouse leasing volumes of 2.14 MSF. Oragadam submarket dominated with 57% share, followed by Madhavaram (16%) and Irungattukottai (14%). Logistics/3PL sectors led with 41% share, followed by automobile sector (23% share). Industrial leasing stood at 1.04 MSF. Oragadam, Irungattukottai and Sriperumbudur comprised 81% of leasing volume. Oragadam, Madhavaram and Periyapalayam saw 4-5% y-o-y rental growth. Poonamallee submarket saw 8% rental growth over H1 2023. 

CLICK HERE TO DOWNLOAD THE REPORT

Warehouse Internal Rack
India Capital Market Report

Q2 2024 witnessed massive investment inflows amounting to INR 231.5 Bn (USD 2.77 Bn), marking a 1.5x q-o-q growth. The Logistics & Industrial (L&I) segment led with 56% share.

CLICK HERE TO DOWNOAD THE REPORT

Related insights

Retail Mall
Research

Main Streets Across the World 2024

34th Edition.
Barrie Scardina • 20/11/2024
Aditya Birla Fashion and Retail Limited Chennai
Article

Aditya Birla Fashion and Retail Limited Chennai

Adyar is a very prime & sought-after high street in Chennai and therefore a short-supply market. Aditya Birla Fashion and Retail Limited (ABFRL) was looking out for a property to set up their store in the area.
18/06/2021
Tata Cromā
Article

Tata Cromā

Tata Cromā, a leading consumer electronics and durable retail chain in India, wanted to open a new store in Guntur.
17/06/2021

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS