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Warehouse for Rent in Madurai - Godown for lease in Madurai

Warehouse for Rent in Madurai - Godown for lease in Madurai


One of South India's great temple towns, Madurai is the administrative headquarters of the Madurai district in the South Indian state of Tamil Nadu. Due to its antiquity and great historical importance, Madurai is also referred to as the Athens of the East. Madurai is a key industrial and educational hub in Tamil Nadu.


Industries

The city is home to various textiles, automobile, chemical, rubber, and granite manufacturing industries. Having developed as a tier-II city for information technology (IT), quite a few software companies have started operations in Madurai.


Agriculture, Textiles, and Tourism

Although Madurai is chiefly an agrarian society, the textile and tourism industries have been contributing significantly to the local economy.

Madurai has a thriving flower industry. Jasmine is a case in point. It is exported to Middle East where they are mostly used in perfumes.

Software services have also been growing rapidly in this region. Reputed companies like Honeywell Technologies, HCL, Satyam, Oracle, and many others are located here.

The government of Tamil Nadu has proposed two IT-Special Economic Zones (SEZs) in the city of Madurai.


Office space and warehouses

If you are planning to invest in an office space inMadurai, you have made a great choice as you can buy and rent the property and enjoy maximum returns on the property. Also, investing in a warehouse is a good choice as both office spaces and warehouses generally have triple net leases. This means that your tenant will be responsible for paying the rent, maintaining and repairing the building, insuring the property and paying the taxes of the real estate. As a matter of investment, nothing can be better than this option

                                                                                                                       

Commercial retail space

Retail spaces comprise of malls and shopping centers. Investing in a commercial retail property too is a great choice as these can also be rented out on triple net lease. The taxes and expenses generally rise and as a investor, you too will receive a higher rent. Commercial retail property can further be divided into strip center, power center, community retail center and regional mall.


Infrastructure

Madurai has an exceptional transport infrastructure, especially because of the presence of a large industrial base. The economy being primarily industrial in nature, the real estate infrastructure has also remained strong and resilient. Education and healthcare services in Madurai are also quite impressive, The city has seen tremendous growth in the hospitality industry in the recent years.


Connectivity

Four National Highways, namely NH-7, NH-45B, NH-208, and NH-49, pass through the city. The state highways passing through the city are SH-33, SH-72, SH-72A, SH-73, and SH-73A. Through the national and state highways, Madurai is connected across India.