Tamil Nadu has the largest state economy in South India. Over the past six years the state GSDP at 2011-12 constant prices has grown at a CAGR of about 5.5%.
The state is one of top 10 markets in the world to have achieved a high share of renewable energy in its energy mix.
Tamil Nadu is also one of the largest exporters of IT/ITeS software in India. The policy initiatives coupled with skilled manpower resulted in exports from the sector witnessing a CAGR growth of about 18.8% between 2012-13 and 2017-18.
The Chennai city (capital of Tamil Nadu) was one of the early movers in tapping the potential of the IT/ITeS sector in India by completing the TIDEL Park.
Consistent demand for commercial space from corporates has resulted in developers coming up with large-scale commercial developments. The city is expected to witness about 12 million sq. ft. of supply addition in the next 2-3 years, a majority of which is located in the key micro-markets of OMR Zone 1, OMR Zone 2 and Mount Poonamallee Road (MPH Road).