Why is Chennai Still the Top Pick for Commercial Office Spaces?
Formerly known as Madras, Chennai is the capital of Tamil Nadu which is situated on the Coromandel Coast of the Bay of Bengal. Chennai is one of the best and top cities in India which have the highest literacy rate. The city has more than one-third of India's automobile industries which is why it is also known as the Detroit of India.
Considering the quality of life and the literacy rate of Chennai, many entrepreneurs want to set up their businesses in the capital of Tamil Nadu. There are several factors that attract large business enterprises and SMEs to acquire commercial office space in Chennai on lease.
SEZ in Chennai: One of the biggest reasons people want to commence or expand their business in Chennai is because of SEZ (Special Economic Zone). SEZ is an area where the rules and laws for business and trade activities are completely different from the rest of the country. The main purpose of introducing SEZ in Chennai was to create a hassle-free environment for export promotion in India. This is one of the most fascinating factors that attract entrepreneurs to move and acquire commercial office space in Chennai. The main objectives of SEZs are to:
- Increase in Trade Activities
- Employment Creation
- Economic Expansion
- Enhancement of Domestic and Foreign Investment
- Infrastructural Development
Vigorous Infrastructure: Chennai is not only famous for its ports and connectivity; The city is also excellent in terms of Infrastructural facilities. What attracts entrepreneurs the most is the continuous efforts by the authorities for development in the real estate and infrastructure sector.
Talented Pool of Candidates: Chennai is a hub for IT industries and the impressive literacy rate of the city allows employers to hire the most suitable candidates for a particular job role and responsibilities. This is again one of the most driving forces for entrepreneurs to seek commercial office space for lease in Chennai.
Cost of Living: The average cost of living in Chennai is nearly 20% less than the other metro cities of India and this is one of the prominent advantages for both the employers and employees. Because of the low average living cost, the average wages paid to employees is 10-30% less than in other metro cities.
Transportation and Connectivity: The Chennai port is the second largest container port in India. The transportation and connectivity facilities are well designed and implemented by the authorities. Chennai is well connected with other cities via roads, airways, and railways. The city also has an international airport and a seaport for flexible business movements.
Electricity Supply: Chennai is one of the best Indian cities when it comes to power supply. It has negligible issues related to the electricity cut because of its 99.7% power supply for residential as well as commercial customers. Adequate electricity supply is also one of the appealing factors to acquire commercial office space in Chennai on lease.
All of these factors are perfect motivational forces for entrepreneurs that are looking for commercial office space for lease in Chennai. The government policies are quite supportive of large enterprises, SMEs, and budding entrepreneurs. If you're also looking for commercial office space in Chennai, Smartworks is the ideal source for that.
Smartworks is the leading platform in India when it comes to providing tech-enabled commercial office spaces in Chennai, Delhi-NCR, Indore, Hyderabad, Jaipur, Bangalore, Kolkata, Mumbai, Indore, and Pune. You can acquire commercial office space on lease in Chennai at the given locations:
Olympia National Tower – Block 3, A3 and A4, North Phase, Guindy Industrial Estate, Chennai - 600032
Bharati Vilas – 26 B, Jawaharlal Nehru Road, Guindy Industrial Estate, Ekkduthangal, Chennai - 600032
Arihant Verge – Old Mahabalipuram Road, Perungudi, Chennai - 600096
Kochar Globe – 1st to 9th Floor, Ambedkar Nagar, SIDCO Industrial Estate, Guindy, Chennai - 600032
Prestige Polygon – Anna Salai, Rathna Nagar, Teynampet, Chennai - 600035
The above locations are perfect for entrepreneurs to start or expand their businesses in Chennai. Smartworks is also offering different amenities at these locations like Pantry Café, Gaming Zone, Training/Meeting Rooms, Phone Booths, and Snooze Rooms.
So, what are you waiting for? Get in touch with Smartworks and begin your business operation within 30 days or so. Unlike traditional office spaces, here you have the liberty to select the design, color theme, furniture, and layout as per the nature of your business.
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