Which Is The Best Commercial Property For Sale In Chennai And Why? 

Exploring Chennai’s Prime Commercial Property for Sale – Market of India 

Market of India goes beyond being a commercial property; it offers a comprehensive array of ancillary services, top-notch amenities, and state-of-the-art infrastructure. Businesses can access modern office spaces and logistics support to streamline their operations. With its well-planned infrastructure, Market of India ensures businesses have everything they need to thrive in a vibrant and conducive environment.

Chennai Commercial Property Market- 2023

• The commercial real estate industry is expected to grow in India at a CAGR of approximately 13% during the forecast period (2022- 2027).
• The shopping mall stock, which stands at 89 million square feet as of H1 2023, is expected to increase by around 43% to reach 127 million square feet by the end of 2027.
• Net absorption to dip 10% year-on-year in FY24 for office leasing segment: ICRA
• During the second quarter, the city leased 1.6 million square feet of office space, 24% less than the previous quarter. However, for the year’s first half, the total leasing reached 3.7 million square feet, only 10% lower than the same period in 2022. Even though there was a drop in leasing during Q2, new leasing increased by 78% compared to last year. The South-West submarket was the busiest, accounting for 43% of Q2 leasing, followed by Suburban South with 27%.
• In the second quarter, retail leasing in the city grew by 3% compared to the previous quarter. Main streets saw a substantial increase, with about 0.14 million square feet of retail space leased during the quarter, a 30% jump from the previous quarter. 
• The warehouse leasing market in Chennai witnessed remarkable growth in H1 2023, recording 2.45 msf of half-yearly leasing, a significant increase of 2x compared to H1 2022.

Why Choose the Market Of India? 

1. 40 Lakh Expected Monthly Footfall

We conducted a comprehensive audit in collaboration with an international organization before embarking on our venture in the heart of Chennai. The audit results anticipate 4 million expected monthly footfalls once our operations fully operate.

This tremendous footfall translates to a four million-person potential consumer base for your commercial business in our marketplace. 

We are India’s upcoming largest wholesale and retail marketplace, providing an iconic location for you to create a successful commercial shop in one of Chennai’s most significant marketplaces.

• Limitless opportunities: Our marketplace has over 50+ trades and over 5,000+ shops, giving you exceptional visibility and top-notch amenities. 

2. 5000+ Shops

Designed to be a cohesive marketplace, Market of India offers 5000+ shops with 20+ ancillary services, 1,00,000+ commodities, and nine marketplaces, which helps to take your commercial business to great heights. Several loading and unloading services and 10,000+ ample parking spaces ensure your commercial business operations are successful. 

3. 50+ Trades

Whether you want to set up a textile, electronics, or hardware business, our marketplace is an ideal location to thrive and enhance your operations. You can access worldwide trading opportunities at Market of India by collaborating with Trade Chambers and business associations. Because of its significant growth area, strategic location, and world-class amenities, the Market of India supports seamless trade operations among traders, making it a gateway for flourishing commerce and business. 

4. Located In Chennai’s Largest Integrated Township

Located in Chennai’s largest integrated township, Market of India, has ultra-modern spaces, world-class infrastructure, and ancillary services, along with an excellent location advantage. 

Proximity to key locations: 

• Purasawalkam – 1 Km 
• Sowcarpet – 3.5 Km
•  Kilpauk – 2 Km
• Chennai Central Railway Station – 4.2 Km
• Egmore Railway – 4 Km

5. World-Class Design & Top-Notch Infrastructure

Market of India has world-class infrastructure and state-of-the-art facilities, which help in seamless commercial business operations and give your shop a competitive edge. 

• Advanced Security Features: With 24/7 advanced security features and fire system management, you can be assured of conducting hassle-free trading operations. 
• Loading & Unloading Facilities: We assure the transport of important consignments/ or commodities from basements to the marketplace and vice-versa. 
• Ample Parking Spaces: With 10,000+ spacious parking spaces, you can be assured of accommodating your customers and other business prospects. 
• 2 Acre Central Plaza: Spread over a vast area, Central Plaza can accommodate large footfalls and satisfy enhanced business requirements. 

6. Leading Big Brands

Market Of India has earned the trust of some of the biggest brands in the industry, like Reliance Digital, Vasanth & Co., Lifestyle and many more. These renowned companies believe in our marketplace, making it their choice for success.

7. 2000+ Happy Customers

Over 2000 customers and big brands have placed their confidence and investments in Market of India, indicating the property’s appeal as a prominent commercial property in Chennai. Their trust in Market of India reflects its exceptional opportunities for businesses.

Select Market of India for Exceptional Commercial Property Sales

If you want to set up a successful commercial shop in Chennai, Market of India is the destination. We offer top-notch infrastructural amenities, state-of-the-art facilities, 20+ ancillaries, 50+ trades, 1,00,000+ commodities, and much more to give your commercial business an edge over others. So, if you are seeking commercial shops, please visit our website or call 7358111999 and attain attractive returns on investment (ROI) of up to 12.5%.

Wrapping Up 

Market of India emerges as the clear frontrunner when choosing the best commercial property for sale in Chennai. The exceptional amenities, including nine distinct markets catering to diverse niches, state-of-the-art infrastructure, and an array of ancillary services, make it the perfect choice for businesses looking to thrive in Chennai’s bustling commercial landscape. 

FAQs

1. What specific amenities and services does Market of India offer that make it stand out as the best commercial property in Chennai?

Market of India offers various services such as modern office spaces, ancillary services, 50+ trades, spacious parking spaces, advanced security features, and logistics support, making it the ideal choice for businesses.

2. What factors should businesses consider when choosing a commercial property in a new location?

When selecting a commercial property in a new area, businesses should evaluate variables such as location, accessibility, cost, and infrastructure.

3. What are some key considerations businesses should consider when negotiating leases for commercial properties?

 Businesses should examine lease terms, rent escalation clauses, tenant upgrades, and exit options when negotiating commercial leases to ensure favourable terms and flexibility in their agreements.