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Chennai is India's 2nd Largest Jewellery Leasing Market (27% Share), T. Nagar Rents at ₹300/sq. ft.

EconomyInfrastructurePolitySUPPORT
Target:UPSC GS-IIIMPSCPrelims HighMains Medium
06 Jun 2026
~2 min
Source: The Hindu
Key Data:27% share (Chennai jewellery leasing 2025)0.25 million sq. ft. (Chennai leasing 2023-25)₹250-300 per sq. ft. (T. Nagar rent)₹200-250 per sq. ft. (Anna Nagar rent)50% share (Stores >8,000 sq. ft. in 2025)
Bodies:CBRE South Asia Pvt LtdCushman & Wakefield
Practice MCQs from today's news ▸
What This Article Covers

1.Chennai accounted for 27% of India's total jewellery leasing activity in 2025, making it the second-largest market.

2.Jewellery retailers, both traditional and pan-India, are driving demand for large showroom spaces (3,000-12,000+ sq. ft.) in high-street locations, with rentals up to ₹300/sq. ft. in T. Nagar.

3.The trend signals a shift towards experiential retail and asset-light expansion models, with significant growth in Tier-II cities like Coimbatore and Madurai.

The Big Picture
Prelims · HighMains · Medium

Jewellery retailers have become a primary driver of commercial real estate demand in Tamil Nadu, with Chennai emerging as India's second-largest jewellery leasing market. This trend highlights a significant shift in retail investment strategies, emphasizing location, security, and experiential spaces over traditional models, reflecting broader economic and consumer behavior patterns relevant for GS-III.

Exam Lens

Quick Exam Facts From News

Chennai's Jewellery Leasing Share (2025)27% of India's total
Leasing Volume (Chennai, 2023-25)~0.25 million sq. ft.
Top Jewellery Leasing Cities (2025)Chennai, Hyderabad, Bengaluru, Delhi-NCR, Mumbai (>90% share)
T. Nagar (G.N. Chetty Rd) Rent Range₹250-300 per sq. ft.
Anna Nagar Rent Range₹200-250 per sq. ft.
Stores >8,000 sq. ft. Share (2025)50% of total leasing (vs. 14% in 2019)

1-Minute Revision

  • ›Chennai's Jewellery Leasing Share (2025): 27% of India's total
  • ›Leasing Volume (Chennai, 2023-25): ~0.25 million sq. ft.
  • ›Target this Data: Chennai's 27% share in India's jewellery leasing (2025).
  • ›Target this Nodal Body: Real estate consultancies like CBRE South Asia Pvt Ltd and Cushman & Wakefield.
  • ›Target this Geographic Point: T. Nagar (G.N. Chetty Road) and Anna Nagar as key jewellery corridors in Chennai.

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

1Static LinkageEasy

According to the article, which real estate consultancy reported that Chennai is India's second-largest jewellery leasing market?

2Statement-basedHard

Consider the following statements regarding the jewellery retail real estate trend in Tamil Nadu:

1. Chennai accounted for 27% of India's total jewellery leasing activity in 2025.

2. Traditional homegrown jewellery brands in Tamil Nadu largely operate on a leasing model for their showrooms.

3. Stores above 8,000 sq. ft. accounted for 50% of total leasing activity in the jewellery sector in 2025.

Which of the statements given above is/are correct?

3Data-centricMedium

According to the article, what was the approximate range of rentals per square foot in T. Nagar's G.N. Chetty Road, a prime jewellery corridor in Chennai?

4Application/ImpactMedium

What is a primary reason cited in the article for jewellery retailers in Tamil Nadu generally avoiding mall spaces for their showrooms?

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