With the opening of new IT-based development passageways in the city, the land business of Chennai unearths capability of high-development in the coming occasions. As per AT Kearney’s ‘Indian City Services Attractiveness Index’, Chennai has risen up as one of the most alluring urban areas for seaward exercises, in India.
IT majors, for example, Wipro, Tata Consultancy Services (TCS), Infosys and Polaris have set up their bases in the city while The Institute for Information Industry of Taiwan, at the opposite end, has set up its first seaward improvement focus in Chennai.
The telecom and innovation industry is additionally developing remarkably in Chennai. The greater part of the forthcoming innovation activities are driven by remote organizations, for example, Motorola, who is setting up a Hi Tech Zone in 300 sections of land of land past Sriperumbudur in Opportunity Zone Projects Chennai. Innovation monsters Nokia, Flextronics and Foxconn are likewise setting up their units close Sriperumbudur, in this manner making it a worldwide telecom field. These new advertisement tasks are going ahead Chennai-Bangalore roadway and a great deal of land advancement is occurring there.
Step by step, land costs at the fringe and sub-urban regions have been valued by over 100%, in the previous four years. In any case, land costs have balanced out in the previous one year, sources educated.
On the assembling front, worldwide auto major BMW has marked a MOU with the Tamil Nadu government for building up a vehicle gathering plant. Japanese mining and street development gear major, Komatsu gathering is likewise expected to set up its grounds in the city.