Costliest Commercial places to rent in Chennai
Chennai, the ever growing city is one of the largest economies of India. Chennai has many Industrial Estates, Tech Parks and Special Economic Zones (SEZ) that house various automobile to textile industries, IT/ ITeS companies, Financial & Banking Institutions, Telecom and Electronic manufacturers. It demanded the development of Infra-Structure, Residential Areas and Commercial Areas in Chennai. Thus city started expanding since couple of decades.
Requirement of rental office space is booming. Some companies prefer their office to be within city limits while others are interested in setting up their office space in outskirts as they may require vast area. The rental value of a place depends on few factors such as floating population, accessibility, parking facilities, nearby areas. Some of the costliest commercial places to rent in Chennai are,
1. Mount road — The legacy road of Chennai, that connects Chennai Central to Guindy covering major areas in city limits hosts Government offices, Corporate offices, Cinema Theatres and Shopping Complexes.
2. Nungambakkam — One of the oldest settlement areas of Chennai now rose to hotspot with MNCs, Government offices and other commercial establishments.
3. Taramani — It is an area with many IT companies and is nearby classy residential area Adyar and business area Thoraipakkam.
4. Velachery — It is a good residential area. IT gained its importance commercialy as it connects fastest growing suburbs to Anna Salai, connects to OMR via MGR Salai, and also GST road via Inner Ring Road.
5. OMR— Undoubtedly OMR has become synonym for IT corridors. Thus rising to one of the costliest commercial areas. Shollinganallur, Karapakkam, Thoraipakkam, Perungulathur are prime places in OMR. Medavakkam neighbouring OMR is also gaining prominence.
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Incase if I had missed a place that you think might be costlier than what I had mentioned pls do mention in the comments.