News on Medial

Chennai to add 12-13 million sq ft of premium office space in 2025-26

Economic TimesEconomic Times · 21d
Chennai to add 12-13 million sq ft of premium office space in 2025-26

Chennai is experiencing strong demand for premium office space, prompting the addition of 12-13 million sq ft between 2025 and 2026. Currently, the city houses 250 Global Capability Centres (GCC) employing over 150,000 professionals, with projections of reaching 460 units and 350,000 talent by 2030. The government's strategic policies, such as the Tamil Nadu Startup and Innovation Policy, have contributed to Chennai's emergence as a hub for innovation and talent. Additionally, the city is ranked third in GCC leasing activity after Bengaluru and Hyderabad, with office absorption increasing significantly. Other cities in Tamil Nadu are also emerging as key manufacturing hubs, attracting investment opportunities for GCCs.

Comments

Download the medial app to read full posts, comements and news.