Navalapattu SEZ - Real estate oppurtunities

Can we consider buying land near Navalpattu for long term gains?

The park is being innaugurated on Oct 22, 2009. Sutherland, Zylog Systems, Vishwak Solutions, Unlimited Innovations, iWave Systems, Integra Software, Assyst International and Take Solutions have been alloted lands there. Note that most Tier I cities, including IBM, Infosys and TCS, have chosen against this city.

Located at Navalpattu, the Tiruchi SEZ is spread across 147.61 acres, of which 123.23 acres have been set aside for SEZ activities and 24.28 acres for non-SEZ. This is probably the only tech park in a tier II town which is close to the airport. The Tiruchi international airport is less than 10 km from the SEZ and the presence of a large residential hub promoted by Tamil Nadu Housing Board (TNHB) close to the SEZ makes it all the more attractive.

“The allocation of land to tier II companies clearly shows smaller towns are growing in the state. Tiruchi as an IT destination has the right infrastructure, and investments made here by companies can be scaled up rapidly,” K Purushothaman, regional director, Tamil Nadu, NASSCOM (the software developers’ association), told The Times of India.



Once the Tiruchi SEZ gets inaugurated on October 22, Elcot hopes to push companies to Tiruchi. “Companies which were holding back investments due to economic recession are showing first signs to invest in creating infrastructure. In our view, 2010 would be a watershed year for tech investments in the state and we would be ready with infrastructure, to capture all these” Babu added.


http://www.hindu.com/2007/07/23/stories/2007072358240300.htm
 
For the establishment of one million square foot built up space in the sprawling 135 acre site at Navalpattu the ELCOT is in the process of readying architectural design, said its Managing Director Uma Shankar. While the smaller companies would operate from the built-up area, the remaining land would be apportioned to bigger companies that seek to develop their own campuses. In the subsequent phase, the IT Park area would be expanded to the additional 100 acres that the ELCOT has sought in the vicinity of the existing site.
 
Already, there is a 100-feet connecting road developed earlier by the Tamil Nadu Housing Board to a stretch of about five kilometres from Gundur along the Tiruchi-Pudukottai Highway to the IT Park area. Though in the nascent stage of planning, the stretch in all probability would be a part of the ambitious ring road project for Tiruchi city.
 
My Take
 
Elcot is setting up nine SEZs across the state, including Tiruchi. Two are coming up in Sholinganallur near Chennai and Madurai, one each in Tirunelveli, Salem, Coimbatore, Hosur and Tiruchi. The arrival of tier-II companies in Tiruchi amidst signs of a general economic revival is seen as a harbinger of IT investments growing beyond Chennai and Coimbatore in the smaller cities across the state. The presence of skilled manpower and the availability of land are seen as contributing factors for this resurgence.
 
Rather pick Sholinganallur or Coimbatore or Madurai. These have better chances of appreciation as MNCs are setting up shop here. Also current costs in Tiruchy seem very high compared to Madurai or Coimbatore. /*added buzzr for google buzz */
/*added buzzr for google buzz */

1 comments:

Krish A said...

Thank you Vinesh...

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