Chennai, the capital of Tamil Nadu, in South India is considered to be a conservative city. In recent years, Chennai is experiencing a rapid real estate boom both in commercial and residential space overall. IT, ITES, manufacturing and SEZs are the real growth drivers in Chennai real estate market. Just like what happened in the case of most big Indian cities, the property and real estate sector is looking up again in Chennai. Chennai is now witnessing a revival in the property and real estate market, with both residential and commercial properties in great demand. At present, you may not find it too troublesome to buy a house that perfectly suits your budget and other relevant needs. The situation has taken a turn for the better as Chennai too is in a process of expansion, with city limits extending further to suburban areas. Such expansion would created more space, making it easier for the real estate sector to explore new areas. The increasing number of condominiums/apartments coming up in the city has also alleviated the space crisis in Chennai to a considerable extent.