| Chennai property market is steadily
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| | region of about Rs 35-40 per sq. ft.
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| catching up with the booming Indian real
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| | It was found from the MagicBricks that a
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| estate with the growth of IT/ITES
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| | total of 20.47 million sq. ft of
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| companies in the city. Capital and rental
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| | commercial office space is to be
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| property values in the commercial real
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| | developed in the city in the coming years
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| estate are getting strengthened and quite
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| | in order to meet the demand from
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| a good volume of demand has been
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| | commercial sector. This will further
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| witnessed for quality office spaces.
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| | influence real estate property values and
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| Commercial rental values in Chennai's
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| | it is expected that the capital and
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| Central Business District (CBD) that
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| | rental values will go a bit downwards.
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| encompasses Nungambakkam, Salai, Anna
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| | Another broker coded that old
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| Nagar and Adyar areas have increased in
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| | Mahabalipuram and Guindy are the
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| the past 12 months, mostly driven by
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| | preferred business district for IT/ITES
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| strong demand from multinational
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| | occupiers. Most of the companies are
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| companies, banking and financial sectors
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| | coming to these regions and the real
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| as told by one of the developer. He
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| | estate values are likely to take a ride
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| further added that these companies
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| | over these trends.
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| require A Grade quality office space in
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| | Meanwhile, rental values in Chennai
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| Chennai and are not satisfied with the
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| | realty space vary with the
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| current infrastructure.
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| | infrastructure, company's requirement and
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| Current commercial rental value in
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| | facilities offered as well as the
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| Chennai varies from Rs 30-55 per sq. ft,
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| | location. The recent rental values trends
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| which is higher as compared to last year.
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| | of the city are progressive and the real
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| Rental values of commercial properties
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| | estate market looks positive in the long
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| viz. offices and shops located at CBD
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| | term.¦
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| region is reported to have the highest
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| | For more details on Chennai Property, log
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| rental values at around Rs 45-55 per sq.
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| | on to magicbricks.
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| ft. These rental values decreases off CBD
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