Chennai's Office Space Soars 75-Fold in 25 Years: A Transformative Journey
In the past 25 years, Chennai has experienced a major real estate transformation, particularly in the office space sector, as highlighted by JLL's latest report.
ChennaiReal EstateOffice SpaceIt SectorGlobal Capability CentersReal EstateOct 13, 2024
Chennai's emergence as a GCC hub has reshaped the economic landscape of Tamil Nadu. The state now holds a robust 12% share of India's overall GCC market, with a notable presence in the Banking, Financial Services, and Insurance (BFSI) sector, where it commands 15% of the national footprint. An impressive 60% of the technology operations of Fortune-listed BFSI companies are based in Tamil Nadu.
Frequently Asked Questions
What is the key driver of Chennai's office space growth?
The key driver of Chennai's office space growth is the thriving IT sector and the rise of Global Capability Centers (GCCs).
What percentage of India's GCC market does Tamil Nadu command?
Tamil Nadu commands a robust 12% share of India's overall GCC market.
What sector does Chennai have a particularly strong foothold in?
Chennai has a particularly strong foothold in the Banking, Financial Services, and Insurance (BFSI) sector, where it claims 15% of the national footprint.
What percentage of Fortune-listed BFSI companies' technology operations are based in Tamil Nadu?
60% of the technology operations of Fortune-listed BFSI companies are based in Tamil Nadu.
What is JLL's role in the real estate sector?
JLL (Jones Lang LaSalle) is a leading professional services firm specializing in real estate and investment management, offering a broad range of services to help clients make the most of their real estate assets.
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