The biggest buzz, though, is being generated by the unprecedented expansion of five-star hotels.
Leading the chatter is ITC's Grand Chola that opened last month, an opulent, 600-room hotel with 10 restaurants, the likes of which the city has not seen.
ITC has invested Rs 1,200 crore in the 1.6 million square foot property modelled on the palaces of the Chola empire, the third largest five-star hotel in the country by room keys.
Asked why the conglomerate chose to open its most luxurious property in the country in Chennai, and Philippe Charraudeau, vice-president and general manager, says the decision was partly a tribute to the city where ITC started its hotels division 35 years ago.
But the company is also confident of the city's growth in the long term.
"Chennai offers a lot of advantages - business here is booming, there's a new airport opening, it has the country's second-largest port and a growing expat community," says Charraudeau.
ITC is also eyeing conventions to drive growth, setting aside 100,000 square feet in the hotel for conferences and exhibitions.
Image Courtesy: ITC Grand Chola