As Tamil Nadu advances toward its vision of becoming a USD 1 trillion economy by 2030, a new FICCI–ANAROCK report highlights the state’s accelerating transformation driven by industrial diversification, a strong services sector, and rising global investor interest.

The report, released at the FICCI Real Estate & Infrastructure Summit & Awards (REISA) in Chennai, notes that Tamil Nadu has rapidly evolved into a major GCC destination with over 250 centres—10% of India’s total based in Chennai alone—while also emerging as a growing data centre powerhouse alongside Mumbai Metropolitan Region. After Chennai, Coimbatore in Tamil Nadu ranks among the top tier 2 cities for setting up GCCs in India.

The report further highlights the state’s rapidly expanding data centres landscape. Chennai and MMR continue to be hotspots for data centre operators, together contributing over 70% of India’s total data centre stock. Besides Chennai, Tamil Nadu’s Coimbatore and Madurai are upcoming data centre hubs. The state also hosts 54 operational SEZs – the highest in the country – and around 30 SIPCOT (State Industries Promotion Corporation of Tamil Nadu) industrial parks.

Bhupesh Nagarajan, Co-chairman – FICCI Tamil Nadu State Council & CMD – Indira Group of Companies, says, “Beyond industrialization, infrastructure has been pivotal in driving Tamil Nadu’s economic growth. Expanding airports, seaports, industrial corridors, logistics parks, expressways, and metro networks are strengthening connectivity within and beyond the state. Upcoming projects such as the Parandur greenfield airport, Chennai Metro Phase II, and major highway upgrades will further cement Tamil Nadu’s role as a key economic gateway.”

As these developments ease mobility and trade, they are reshaping the state’s economic geography, opening new business corridors, and linking remote regions to major growth centres.

Chennai’s real estate topography is segueing seamlessly into its broader economic momentum. The state’s residential market continues to thrive on the back of aspirational end-user demand.

Sanjay Chugh, Director & City Head – Chennai, ANAROCK Group, says, “As per ANAROCK Research, between 2021 and 9M 2025, over 83,100 new residential units were launched in Chennai, and 85,200 units sold. This near alignment of supply and absorption highlights a balanced market which comfortably absorbs new inventory.”

“This healthy housing market ratio reflects both the unwavering developer confidence and strong end-user participation that are Chennai’s defining highlights,” says Chugh. “Mid-end projects priced in the INR 40 – 80 lakh bracket dominates new supply in the city, accounting for a 43% share of the total supply of 2021-9M 2025.”

Meanwhile, Chennai’s commercial office and industrial & warehousing sectors continue to display healthy activity, backed by strong fundamentals and sustained office demand from technology firms, GCCs and new-age enterprises.

“Tamil Nadu is gearing up on all front to contribute significantly to India’s vision of becoming a trillion-dollar economy by 2030,” says Anuj Puri, Chairman – ANAROCK Group. “For this, it leans heavily on its major strengths – industrial diversification, infrastructure expansion, and human capital development. Key Tier-II cities such as Coimbatore, Madurai, Tiruchirappalli, and Salem have also witnessed rising potential-driven interest. Their evolution into meaningful economic centres reflects the increasingly distributed nature of growth across the districts of Tamil Nadu beyond Chennai.”

This report provides a holistic perspective on these changes, combining economic data, policy updates, sector insights, and market trends. It also underscores the state’s commitment to its long-term growth story.