Quote:
Originally Posted by contra
Sozhinganallur and perumbakkam are water logging areas. OMR is already crowded.
Bangalore highway or GST road could have been a much better locations for any new city.
Moreover what will Chennai do with financial city, all the trading exchages like the BSE, NSE, NCDEX, MCX all are located in Mumbai.
Lets hope the proposed financial city doesn't end up becoming a Back Office or BPO complex with low cost Clerk jobs. Clerks will not be able to afford Rs.50 lac apartments.
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Financial City is not for front end trading; ever one knows that is Mumbai's role.
Chennai financial city is for following reason:
1.Back office financial processing.
2. Fiancial/Banking related IT such as data center, financial analysis, risk and fraud data mining, Data warehousing etc
3.Accounting and financial analysis for banking and finance Industry.
4.Unit registry for Shares and Funds.
5.Lending and loan processing centre for major banks (Where loan applications will be assessed)
6. Para planning for financial planning industry.
7. Education & Training institution specializing in Finance (CA, Financial planning etc).
8. Call centers for credit defaulters/Collection
It not designed for traders; yes most of it will be for lower to medium level clerical role how ever most can afford 20L to 30L assets and some senior players can afford 1C and over.
The important point is “Population shift or rise” and everything else will follow.
You would need, Doctors, hospitals, restaurants, Shops, mechanics, plumbers, showrooms, theaters, clubs, star hotels like Asiana & Aloft etc.
Vijayasanthi,Hiranandhani,DLF,L&T,TVH,Mantri,Purva nkara,Assindas,Shipping Ministry of India (India’s First and only National Maritime University complex) etc,etc all of them has chosen OMR for a reason.