Have you checked Today's (27th March, 2010, Saturday) Hindu Property Plus. Which talks about the new Mount Road. GST (Vandalur - Tambaram). and Vandalur - Kelambakkam, Singaperumal kovil - Sriperumbuthur are the new Nungambakkam high roads !!!!
After Ford the Maraimali Nagar area was hot for property. But MM Nagar was formed in the year 1960s when R. Venkatraman was the Industry minister of Tamil Nadu. But still not much developments :((
The same way now they (all real estate biggies) are selling the land by saying Renault-Nissan !!!
And we know what is happening in OMR. I dont know how many IT Engineers are booking the apartments in the OMR and GST road near Vandalur.
IF YOU ARE NOT GOING TO CONSTRUCT A HOUSE and live there.... then better think many times before to take a dicision to buy a piece of land for high price.