Chennai is one of the four important Indian “megacities” that have become centres of metropolitisation and it ranks 3rd as a federal economic power. As the capital of the most highly urbanized Indian state, Chennai is an interesting case study which offers insights for understanding of the impact of global forces and of new post-liberal development strategies for metropolitan restructuring. Thanks to the determination of the Government of Tamil Nadu to develop economic sectors such as computer science and automotive industries, as a result of economies linked with the reorganization of past activities across the agglomeration (chemical industry, iron and steel industry, textile and leather industry), and on account of a high standard of education and the existence of qualified jobs, the city of Chennai is now inscribed in the global movement. It is all the stronger in that it is the Indian megacity that has attracted the greatest number of direct foreign investments during the last few years. This growing internationalization, combined with incentive-based town planning policies, has furthered a specialization of localities along urban corridors. Such a strategy, creating from start to finish new industrial estates, special economic zones, teaching and research institutes as townships (small closed towns), takes part in the process of decongestion and reorganization of both economic and residential functions from the city towards the urban peripheries. This contributes to a polycentric type of urban development.