HT - Chennai's office space market expands 75-fold, housing 27 times over last 25 years: Report
Chennai’s commercial real estate market has seen a 75-fold growth over the past 25 years, reaching 76.5 million square feet by the first half of 2024 from 0.5 - 1 million square feet in 1999, according to a report released by property consultancy JLL.
Meanwhile the residential segment has grown about 27 times to 2,75,000 housing units from 10,100 during the same period, the report added. Property values today range between ₹5,000 to ₹25,000 per square feet, up from ₹850-2,500 per square feet in 1999.
