Chennai: The Cultural Capital of South India
Chennai, formerly known as Madras is the capital city of Tamil Nadu and the perfect gateway to Southern India. The city not only enjoys a rich heritage but it is also a bustling center of industrial as well as commercial development.
A look at the immense industrial development in Chennai, especially that brought in by several automakers (with almost 40% of them having plants here) will help you understand why it is considered to be the “Detroit of India”. Most of the big names of the automobile industry of India have their plants located here, as do several automotive part makers.
Chennai also has a booming IT hub and corporate sector flourishing within its several suburbs. There are several IT parks around the city including Tidel Park, which was once the biggest IT Park in Asia. It is also the operating base of several financial institutions including some multinational banking organizations like Bank of America, Barclays, Deutsche Bank and Citibank, among many others. This Cultural Capital of South India also features a variety of entertainment and shopping avenues as well as several reputed educational institutions.
With so much development going on everywhere in and around the city, the growing demand for real estate is quite obvious. Real estate in Chennai is one of the most rewarding investment options, and with the rising inflow of homebuyers and several new property launches every year, residential property in Chennai is among the most sought-after sectors of real estate.
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