Quote:
Originally Posted by marketbuzz
dude. Can the govt keep on going to build IT parks/ SEZs ??
Where are so many companies which will set up there ??
IT office spaces are vacant in NCR region. how many companes will go to trichy ??
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Dear friend,
Not many companies will come to Trichy SEZ. I gather that some 2 years or so back the land in this area were go abegging even for less than Rs. 30000 per ground of 2400 sq. ft and there were no takers. RE people used to offer on interest free instalment of Rs. 1000 per month for the next 30 months or so and still there were no takers. Once the talk of SEZ site identification news came, the prices shot up to 10 times. I am sure this IT park may not take off in the near future and any one investing today may have to wait for decades for any worth appreciation. A lot of politicians from TN both from the ruling party and the opposition parties alike have invested here and bought tens & hundreds of acres of land here waiting for fast appreciation and quick buck, afterall these are out of their BM (black money) under benami names/deals.
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