dtnext.in-Chennai's millennium transformation: Office space surges 75 fold, residential 27
The real estate landscape in Chennai has undergone a major transformation in the past 25 years, according to JLL’s latest report, “A transformational journey: 25 years of Chennai.”
Chennai has witnessed a staggering 75-fold increase in office space alone.
The office segment growth has been largely driven by the IT sector and the rise of Global Capability Centers. Chennai’s rise as a GCC hub is reshaping Tamil Nadu's economic landscape.
The state now commands an impressive 12% of India's overall GCC market share, with a particularly strong foothold in the Banking, Financial Services, and Insurance (BFSI) sector, where it claims 15% of the national footprint.
