Explosive growth is being witnessed in the micro-markets of Chennai’s real estate, making it one of the most lucrative cities for commercial investments.
The hidden treasures of the city are quickly turning into vibrant business districts as excellent localities promise connectivity and development!
Those micro-markets are a goldmine waiting to be explored if you want high returns and long-term growth! So, here you’re reading about the best localities for commercial plots in Chennai. Let’s get started!
Why is Chennai the next goldmine for commercial real estate investment?
Prospects are generally bright for the Chennai real estate market during 2024-25, with likely moderation in the growth rate of commercial plots for business hubs.
One sees a projected increase of about 5-7% in property prices, thanks to the economic enhancement of the city, industries of varied nature, and infrastructural works like Chennai Metro Rail Phase II and road expansions, which enhance connectivity and accessibility while adding to the city’s overall appeal for those wishing to invest in real estate.
- Flourishing IT Corridor: IT parks and multinationals fuel the most demanding demand for office spaces and business hubs, triggering high yields and occupancy rates.
- Infrastructure Development: With projects like the metro rail and the Chennai-Bangalore Industrial Corridor coming in, the connectivity ensures that commercial plots have greater appeal.
- Diverse Economy: The mix of IT, manufacturing, and healthcare occupies space in Chennai, fueling demand for commercial plots.
- Affordable: These make a beginning investment into the commercial property market more attractive, primarily because Chennai still ranks among the more inexpensive avenues in terms of prices compared to many metropolises.
- Support from Government: The smart city initiatives and other incentives promote the investor’s confidence and demand for commercial plots in Chennai.
- Quality of Life: Cultural heritage, pleasant climate, and livability factors attract business and talent, further driving demand for commercial plots.
Chennai’s Most Promising Micro-Markets for Business Investment
1. Tambaram: A Prime Hub for Commercial Real Estate
Over the past several years, Tambaram has quickly developed into one of the most vibrant micro-markets for commercial real estate in Chennai.
With its location, excellent connectivity, and infrastructural expansion currently underway, it offers a great opportunity for businesses looking to set up or expand.
Its proximity to some transportation hubs, such as OMR and GST roads, as well as the Tambaram Railway Station, makes it attractive and convenient for business owners and customers alike.
G Square Entity: The Ideal Commercial Plot Investment
Located at Irumbuliyur Junction, G Square Entity offers prime commercial plots designed for businesses seeking a strategic and hassle-free workspace. The project is designed to provide top-tier infrastructure, with complete legal documentation and a seamless transition for any business looking to build from scratch.
Some highlighted features of the G Square Entity project:
- Strategically Positioned: It is within a short distance from Tambaram Railway Station, connecting to critical parts of Chennai.
- Perfect Legal Documentation: Our commercial plots are legally assured and are complied with rules to avoid disputes.
- Security and Surveillance: The commercial property has 24-hour CCTV surveillance.
- Maintenance and Guidance: For one year after purchase, maintenance is provided free, along with expert guidance for the easy set-up of construction.
2. Perumbakkam: A Thriving Micro Market for Commercial Real Estate in Chennai
Perumbakkam is now a favourable locality for commercial investments in Chennai, thanks to its strategic location, good connectivity, and huge infrastructural growth.
Why is Perumbakkam an Ideal Place for Commercial Plots?
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- Proximity to the IT Corridor: Proximity to OMR assures a steady stream of customers and the availability of employees from some of the top IT companies, Wipro, and Cognizant.
- Residential Demand Growth: Construction in the area is increasing the value of commercial facilities and their demand, especially on the retail and service fronts.
- Infrastructure Development: More projects like the Outer Ring Road and metro connectivity enhance accessibility and business opportunities significantly.
- Affordable Pricing: Compared to other commercial spots along OMR, Perumbakkam has affordable quoting price opportunities for startup businesses and small companies.
- Land Appreciation: Considering development across the areas, property prices are
expected to gain.
G Square Meadows: Commercial Land in Perumbakkam
G Square Meadows in the centre of Perumbakkam offers a fantastic opportunity for the business to create its niche in a fast-developing area. This development spreads across 13 acres and provides a secure and well-connected setting for businesses to thrive among one of Chennai’s liveliest locales.
Key features include:
- Prime Location: G Square Meadows is in close vicinity, about 5 minutes away from Sholinganallur Junction and only a short distance—800 meters, to be exact—from the up-and-coming metro station.
- Close to IT Companies: The ready to construct project vicinity is home to leading IT hubs and technicians like HCL, Wipro, Tech Mahindra, and Cognizant, so a steady flow of clients and employees.
- 24×7 Surveillance via CCTV: Commercial plots in these areas are located in a community with strict security details; 24×7 camera coverage is an assurance of security for business owners.
3. ECR: A Thriving Micro-Market for Commercial Real Estate Growth
The East Coast Road, or the ECR, in Chennai, is an emerging micro-market for commercial real estate, with demand fast-tracking in sectors such as data centers, warehousing, senior living, and weekend homes.
Key Trends in the ECR Micro-Market:
- Data Centers: It is driven by Chennai’s IT infrastructure support and the digital economy.
- Warehousing: Having a strategic location to allow it to function as a logistics hub near ports.
- Senior Living: Dominant corridors for projects focused on senior living along ECR and GST Road.
Transform Your Workspace at G Square Prestige, Kovalam, ECR
- 16 Premium Commercial Plots: An ample space for your business expansion.
- Prime Location: Just a kilometer away from Muttukadu.
- High-End Infrastructure: A secure aura of community amenities with modern facilities.
- Maintenance: Free regime for 5 years maintenance for the first five years.
- DTCP-approved & RERA-registered: Ensured legal validity and trustworthiness.
4. Madhavaram: A Promising Micro-Market for Commercial Real Estate in Chennai
Madhavaram is now quickly stepping up as one of its great commercial real estate micro-markets. Strategic location and forthcoming infrastructural developments have drawn immense interest from businesses that desire to see growth over time.
- Proximity to the City: The Proximity to the city center, ports, and major industrial regions will prove vital.
- Growth in Infrastructure: The Madhavaram Truck terminal and coming metro projects guarantee improvement in connectivity.
- Connectivity to Key Corridors: It is also near important roads such as An OMR and GST, making it a hub for commercial and residential growth.
G Square Majestic – Top Commercial Plots in Madhavaram
G Square Majestic comprises 10 commercial plots of the highest specification, each of them starting from 12,245 Sq.ft., a perfect choice for companies looking to expand. These plots are situated on the high road near Moolakadai and are very close to key landmarks like Velammal School and the Madhavaram Bus Depot.
- Prime Location: 2 minutes away from Madhavaram Bus Depot and very close to major highways.
- Great Security: 24×7 CCTV surveillance will keep your mind at ease.
- Ready to Construct: These are DTCP-approved plots and are RERA-registered, with build-to-suit options.
- Prime Plots for Sports, Dining & Multiplexes: With strong foot traffic and great visibility for retail and entertainment enterprises, our commercial plots are perfect for a range of companies, including restaurants, multiplexes, and sports stores.
Conclusion: Unlock the Potential of Chennai’s Commercial Real Estate with G Square!
Chennai’s growing micro-markets ranging from Tambaram to ECR offer fabulous investment opportunities; now is the perfect time to invest, with strong infrastructure and demand growing. At G Square, we provide prime, DTCP-approved, and RERA-registered commercial plots in the strategically best locations.
Visit G Square Now – Your Next Business Move Begins Here!
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