Chennai: After a period of 4 long years, commercial real estate is back in action. According to a report, people find investing in commercial real estate more profitable than investing in shares or bonds as they fear of poor results. Currently investment in Chennai commercial real estate has benefited with 10 to 11% returns per annum in the prime locations.The city witnesses around 25% of vacant spaces. The most favored areas like Guindy, OMR, Mount-Poonamallee Road etc. have very less vacant spaces available and the rentals have also increased by 5 to 10% in previous year. These places are observing expansion in the number of office spaces. Apart from these other locations which are catching trend in commercial sector are Ramanujan IT city’s new blocks which is of 2 million sq ft and SP Infocity of 1 million sq ft which would become active soon are seeing demand from MNC companies for leasing the properties.The report further added that, the city of Chennai records an average absorption of 4 million sq ft of office spaces each year. Since the first half of this year observed a lull, the gross absorption is expected of about 3.6 million sq ft. of office spaces in the city.IT/ ITes being one of the prime occupational sectors, Chennai also has a good automotive and semi-conductor business set-up. Therefore there is huge demand for office spaces from all these industrial zones. Currently renowned companies like Renault Nissan, Saint Gobain and many others took office spaces on rent in Chennai. However renting activity is not as high as the investment option in India.займ на карту без отказов круглосуточновзять кредит онлайн