Hospitality increases the real estate demand in Chennai
With the advancement of the hospitality sector in Chennai, the city has become a center for hospitality apart from just a booming IT sector.
The hospitality market has witnessed a sharp growth with renowned brands coming up including international brands. Also the city recently witnessed the birth of about five luxury upscale hotels with many more to come.
These lavish hotels will compete with the present renowned brands like The ITC Grand Chola, The Leela and The Westin by Starwood Properties and so on. However, the international firms have been seeing Bangalore and Chennai as the best places or business initiation due to their IT hub tag.
Talking about the retail sector, it has shown great advancements after a great struggle due to the economic slowdown in the year 2008-09. However, the infrastructure developments connecting to these roads should be improved.
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