The initial name of this huge city which is the capital of the South India state of Tamil Nadu was Madras. It is now known as Chennai. A very important urban center in the South of India, Chennai has flourished in the automobile, Information Technology and other industries in the recent years. It is also a very crucial finance destination in the country.
A perfect mix of modernism and tradition, Chennai is one of the most attractive tourist destinations in India.
The city is host to the third-largest expatriate population in India after Mumbai and is now ranked the 9th in the list of the world’s best cosmopolitan city. Chennai is also transforming into a realty destination with some of India's biggest real estate developers building huge residential & commercial projects here. In terms of infrastructure growth Chennai has witnessed large scale activities in the recent times and connectivity across the city has improved immensely.
The city is still growing and is accommodating new industries, making property investment a profitable option.
In terms of economy and infrastructure, the city has gone through a tremendous change and is developing rapidly. There are a number of industries here such as automobile, technology, hardware manufacturing, and healthcare industries. The Automobile industry in Chennai is one of the leading industries in the country. It is also the second largest exporter of Information Technology and Business Process Outsourcing (BPO) after Bangalore. Apart from this, the city is a leading player in the fields of education and sports. There are a number of reputed educational institutions and stadiums here which mark the significance of the two in Chennai. Business in Chennai is therefore a very viable and suitable option today with huge incentives in the offing.
Some key locations in Chennai:
OMR – Old Mahabalipuram Road. It is now known as The IT corridor of Chennai. This has emerged as a very strong location in Chennai.
ECR – East Coast Road. This comprises of the scenic highway along the east coast connecting Chennai to Pondicherry and Cuddalore.
PORUR –The suburbs of Chennai
ORAGADAM –It is one of the suburbs of Chennai witnessing a good capital and rental appreciation.
TAMBARAM –The area has undergone a metamorphosis. It has become a preferred location for NRIs and HNIs
PALLIKARANAI –The Chennai Corporation has taken the task of transforming Pallikaranai since the past 4 years and these yielded very good results till now.
MEDAVAKKAM is one of the most vibrant locations of the city and it is expected to progress and become a major realty hotspot in the coming years.
PERUNGUDI –A residential hub 10 km. from the city center, Perungudi is bordered by the Perungudi Lake and the OMR. This is also an upcoming property destination.
GUDUVANCHERI – The southern fringe of Chennai is where Guduvancheri is located and this location has been garnering a lot of money from myriad real estate developers, investors and actual property buyers.
MAHINDRA WORLD CITY, developed on GST Road, is a major integrated business city with a select few residential projects inside its precincts.