The fresh aroma of an early morning filter coffee is one of the many things that attract people towards Chennai. And the abundance of rich real estate has today made Chennai the second best destination in India. What makes Chennai a favorite city for several world majors is its excellent of scope of extendability, flexible and supportive state government policies, rapidly growing futuristic infrastructure and most importantly its people, who constitute as one of the largest dedicated talent pool in the country. No wonder experts from the world over have pitched Chennai as one of the hottest destination to look forward to.
Why Chennai Is Preferred
- One of the top 3 growing states in India
- Most urbanized state of India
- One of the top 3 FDI destination in India
- Top notch growth in infrastructure and economic activity
- Best combination of infrastructure, business environment and policies
Look Who’s Here
- Called the Detroit of Asia – The best automobile link to India
- The IT corridor is spreading – Second largest software exporter in India
- Services, Manufacturing, Hospitality, all emerging as the prime growth segments
- From single trader to MNCs – the ultimate destination
Key advantages
- Abundance of skilled and trained manpower at most competitive costs
- Very strategically placed with quality infrastructure in terms of road, rail, airport and sea ports
- Favorable policies and ideal investment climate
- Changing economic scenario that adapts to global fabric
- Ease of doing business that has no language barriers or cultural roadblocks
- Low cost of living, highly adaptive social landscape
- Gateway to South India also called the Cultural capital of India
Ideal industrial relations
- Highest factory worker ratio in India
- Lowest man-days lost percentage ( 0.7% of productivity days)
- Absence of industrial disputes
- Option of contractible labor in core production areas
- Most productive workforce as certified by Outlook
Infrastructure Like Never Before
- Well-developed industrial, social and physical infrastructure
- Best educational infrastructure with engineering, polytechnic, industrial and arts colleges/institutes with private participation
- Referred to as the financial capital of South India, is in the top quartile in terms of bank credit flow
- Increasingly recognized as the medical hub of South Asia
- Vast network of roads linking urban and rural centers, Railways that is well routed with Metro project coming up, Airport that has witnessed tremendous growth in both passenger and cargo traffic. A second airport is also in the pipeline. Considered to be a major hub as a sea port
- Remarkable growth in telecommunications and IT infrastructure, with probably the highest (86%) rural connectivity and offering government and private participating technology parks
- MEPZ and several SEZs offering the best opportunity
Facilitation That Will Ease Your Worries
- Single Window facilitation for hassle-free project establishment
- Composite in-principle approval within 30 days enabling project commencement
- Computerized registration to speedup project initiation
- Structured incentive packages depending on investment size
- Dedicated project facilitation committee for fast track approvals
- Concessions on stamp duty, power tariff, VAT apart from
- Land availability in SIPCOT Government Industrial Parks / Private Industrial Parks / Plenty of private land parcels / SEZ’s
Look What They Have Said
- Oxford Analytica in 2009 rates Tamil Nadu as the most attractive State for foreign firms seeking to invest in India. Reason – Better quality infrastructure and governance
- BT Gallup survey on Best Cities to do Business in India rates Chennai highly
- Business World (2009) State competitiveness survey ranks Tamil Nadu Second
- Outlook ranks Chennai as the second best city to live in
- Chennai shares the second position as the largest employment generator in India
- Chennai was ranked first in Health and Educational facilities by Outlook
Real estate options available to set up industry:
1. RBF - Ready Built Factory
These facilities are generally PEB - Pre-Engineered Building type facilities built to use as Warehouse. However the quality, specifications of these facilities are more or less similar to that of Factory Sites from flooring to ceiling.AVAILABLE SIZES:
Ranging from 10,000 Sq.Ft to 3, 00,000 Sq.FtRBF Ready Built Factories - INVENTORIES:
Plenty of choices
LOCATIONS & TYPE OF INDUSTRIES:
North Chennai - Madhavaram to TADA, Manali & Around
Type of IndustriesOil, Steel, Petroleum, Gas, Refineries, Chemicals, Fertilizers & Heavy Industries of polluting nature
South Chennai - OMR, GST - Grand Southern Trunk Road - NH 45
Type of IndustriesInformation & Technology, Automobile, Automotive components, Garments etc - Less polluting or Non polluting industries
West Chennai - Poonnamallee to Hosur - NH 4 Bengaluru Highway
Type of IndustriesLarge Automobile, Telecom, Automotive Components
Less polluting or non polluting industries
PREVAILING RENTAL RATE
INR - 18 TO 22 per Sq.Ft
ELECTRICITY POWER
Provided for lighting & fan only - max 30 HP
High Tension Industrial Power - Scope of Lessee
BACK UP POWER GENERATOR
Can be provided at additional cost
AMENITIES
Can be provided at additional cost
AVAILABLE MODE
For Sale / For Lease
2. BTS - Built To Suit
Developers owning land parcel willing to construct and lease it as per Lessee's requirement.Generally it takes 6-8 months for possession from the date of signing MOU with developer. These options are available in all parts of Chennai.
Land Options To Set Up Industry
- Government Industrial Parks SIPCOT / SIDCO On 99 years Lease model
- Private Industrial Parks Mostly On 99 years Lease model &
- Purchase of freehold land from private sellers
- Only Non-Agricultural Dry Lands (Punja Lands) are permitted to set up industries.
- Direct purchase from Owners – Mostly owned by farmers for generations together. Most of the farmers not maintain clear documents & revenue records. Farmers would try to maximise realisation, it’s a life time opportunity
- Direct Purchase from Investors – Owned by investor/s, hassle free single source, being investor the cost would be higher
- Purchase through aggregation – Professional aggregators direct aggregation from farmers with faster settlement at market price on average basis. This makes them to offer land at comparatively cheaper price. Single source, with the responsibility to offer contiguous land parcel with clear marketable title.