Propstack Insights: Pivotal role of IT Parks in Chennai – 2015-2017 analysis

With the recent news, 20-acre IT Park to be built in Chennai by Hiranandani Group, the city is on its way of being the next IT hub of the country.

Strong leasing activity has fueled the absorption in Chennai IT parks, contributing more than fifty percent of the total.


Steady increase in annual average rent every year.

chart 2


The vacancy in IT park, continued to fall , ending HY1 2017 at 6 percent

chart 3


*Grade A office data only

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