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When comparing office space, built-up area, carpet area, floor plate efficiency, parking ratio, and power backup typically matter as much as the headline lease amount.
Chennai commercial demand: South India's automotive and IT manufacturing hub, with OMR anchoring the IT corridor and Guindy/Porur serving industrial and warehousing demand.
A common India benchmark is roughly 80–100 sq.ft. of built-up area per employee for a standard cabin/workstation mix, though this varies with how much space you allocate to meeting rooms and common areas.
Not universally — backup capacity is usually specified separately in the lease and can range from partial (lighting and essential loads only) to full backup. Confirm the backup capacity and any diesel/generator charges before signing.
OMR (Old Mahabalipuram Road) has built up a dense concentration of IT parks and SEZs over the past two decades, which has made it the default search area for IT and ITES office space in Chennai.
Chennai's status as a major automotive manufacturing base has driven sustained demand for industrial and warehousing space around Guindy and Porur, tied to component and ancillary manufacturing for that industry.
Typically a company/business registration or GST certificate, PAN, and identity/address proof of the signing authority, plus financials for larger deals. Requirements vary by landlord and deal size.
Commercial security deposits commonly range from 6 to 10 months' lease amount in India, though this is negotiable and varies significantly by city, property type, and landlord.
Yes — leasing out commercial property in India is generally subject to GST (currently 18%), payable by the tenant in addition to the base lease amount.
A lock-in period is a contractually agreed minimum duration during which neither the landlord nor the tenant can terminate the lease — common in commercial agreements to protect both sides' upfront investment.
Carpet area is the actual usable floor area within the walls. Built-up area adds wall thickness and balconies; a further-loaded "super built-up" figure (common in malls and business parks) also includes a share of common areas like lobbies and lifts.
Most commercial space is handed over "as-is," "warm shell," or "bare shell," with the tenant responsible for interior fit-outs — though some landlords offer a fit-out contribution or free fit-out period as part of negotiation.
