Quatre cities in Tamil Nadu accelerating as top growth markets in India: JLL India study
CMTS (Coimbatore, Madurai, Trichy & Salem) propel forward as promising hotspots.
Advantage Tamil Nadu: Conquering beyond boundaries' a report launched by JLL, India's largest professional services firm specializing in real estate in association with the Confederation of Real Estate Developers Associations of India (CREDAI), Tamil Nadu at the latter's annual state conference – Tamil Nadu StateCon 2018, analyses the economic future of the state and assesses the role played by CMTS*. CMTS* are top cities in Tamil Nadu fuelling the next phase of growth, according to the study on growth of emerging cities in India.
Tamil Nadu, one of the largest economies has a well-balanced regional growth with contributions coming from the smaller cities especially CMTS*. The drivers for the CMTS* includes planned infrastructure, connectivity with major hubs like Chennai and Bengaluru and adequate human capital.
Backed by business-friendly policies, along with existing templates for accelerated growth, CMTS* is poised to emerge as a powerhouse in India. Economic and employment growth will in turn create demand for housing and other allied support sectors.
The proposed developments will play a key role in the future of these cities.
Coimbatore:
- CODISSIA Industrial parks
- Upcoming IT developments
- Defence Corridor
- Electronic Manufacturing cluster
Madurai:
- AIIMS
- Madurai-Tuticorin Industrial corridor
- Upcoming IT developments.
Trichy
- 1,000 Acres SIPCOT Industrial Estate near Manapparai
- Food processing parks
- Defence Corridor
Salem
- Defence Corridor
- Aerospace Park
- Chennai-Salem Expressway
- Proposed IT developments
Ramesh Nair, CEO & Country Head, JLL India
Mr. Ajit Chordia, President, CREDAI, Tamil Nadu
- Petroleum refinery projects – INR 28,800 Cr
- Tyre manufacturing plants – INR 4,000 Cr
- Other prospective investors include automobile and auto components, glass and glass fibre manufacturers, textiles etc.