India Major Report - Tamil Nadu The Blueprint of Real Estate Excellence December 2021

Tamil Nadu, the cultural hub of South India, has evolved into one of the most industrialised and urbanised states over the recent decades. Being the country’s second-largest economy, it is also a key investment destination, garnering about 9% of Foreign Direct Investment inflows in India since 2000.

Chennai, the state’s capital, thrives as a key real estate destination and an established manufacturing hub in the state. Going forward, we expect the city’s growth story to further percolate to the tier-II and tier-III cities in Tamil Nadu, defined by a stable political dispensation, sector-specific policies, infrastructure initiatives, skilled manpower availability, a strong economic base and emergence of new growth frontiers. This, we believe, would put the state firmly on the path of multi-dimensional progress in terms of real estate in the coming years.