Announcement

Collapse
No announcement yet.

IT is Hot Property in Coimbatore

Collapse
This is a sticky topic.
X
X
Collapse

IT is Hot Property in Coimbatore

Last updated: August 24 2020
419 | Posts
26060 | Views
  • Time
  • Show
Clear All
new posts

  • IT is Hot Property in Coimbatore

    EVEN before the IT SEZ planned by the Electronics Corporation of Tamil Nadu (Elcot) could take shape, there seems to be a big rush for IT space among various corporates and developers in the city.

    While city-based corporates like the Bannari Amman Group, Salzer group and KG group have come out with their plans on the IT front, many new commercial developers have also joined the bandwagon by getting formal SEZ approvals for their proposed projects. Coimbatore Hi-Tech Infrastructure is planning to develop an IT SEZ over 60.73 acres at Keeranatham village and Span Ventures has got formal approval for 10.5 acres IT/ITeS SEZ at Eachanari.

    The state-owned Tamil Nadu Industrial Development Corporation (Tidco), is also planning an IT park in the city suburbs. Rakindo Developers, a 50-50 joint venture between Vishwatej Projects and Rakeen, UAE, along with Tidco has proposed to develop feeder township, residential and leisure facilities over 625 acres in the villages of Sundakamuthur, Perur Chettipalayam and Thithipalayam.

    The group also plans to promote an IT park on 25 acres at Perur village at Chettipalayam in south Coimbatore district. Bannari Group plans to develop an IT SEZ over 78 acres at Kalapatty village in Coimbatore and has got formal approval for around 60 acres. The entire process is likely to be completed in the next few months. Salzer plans to develop 1 lakh sq.ft. IT park in association with a US-based consulting service provider while KG group has acquired around 160 acres near its existing campus at Saravanampatty for developing it as an ITES SEZ. I

    According to sources in the property development business, by the end of 2009, approximately 10-15 million sq.ft, of new IT/ITeS space will enter the Coimbatore market.
  • #2

    #2

    Re : IT is Hot Property in Coimbatore

    Is it true by now 2010?

    Comment

    • #3

      #3

      Re : IT is Hot Property in Coimbatore

      Any further update about those areas?

      Comment

      • #4

        #4

        Re : IT is Hot Property in Coimbatore

        Yes, what has happened? have the proposed developments taken place? Please tell.

        Comment

        • #5

          #5

          Re : IT is Hot Property in Coimbatore

          no. of apartments are coming in these area. In another 5 years Saravanampatty might become one of the posh area. I believe the land rates are around 4-4.5L in the interior (like 2 kms opposite from Kumaraguru collage). is that true?

          Comment

          • #6

            #6

            Re : IT is Hot Property in Coimbatore

            Is there any updates abt Saravampatty?

            Comment

            • #7

              #7

              Re : IT is Hot Property in Coimbatore

              We can say, it happened 70%

              Comment

              • #8

                #8

                Re : IT is Hot Property in Coimbatore

                Industrial corridors around Coimbatore drive realty

                Industrial corridors around Coimbatore drive realty - The Economic Times
                Please read IREF rules | FAQ's

                Comment

                • #9

                  #9

                  Re : IT is Hot Property in Coimbatore

                  100 plus projects by 50 builders at two-day property show in Coimbatore

                  100 plus projects by 50 builders at two-day property show in Coimbatore - The Economic Times
                  Please read IREF rules | FAQ's

                  Comment

                  • #10

                    #10

                    Re : IT is Hot Property in Coimbatore

                    Planning body creates master plan keeping in mind 2035

                    COIMBATORE: In a bid to bring in vast changes in the land use pattern, the district administration has prepared a revised master plan for Coimbatore aimed at implementing a number of infrastructural projects.

                    As part of the plan, the local planning authorities (LPA) have suggested the state government to lay a road connecting the Palakkad Highway and Mettupalayam Road through Velliankadu and Karamadai. They have also planned to link Trichy Road, Avinashi Road and Mettupalayam Road that would reduce travelling time as well as decongest traffic.

                    "Once the road is laid from Palakkad Road to Velliankadu, then people travelling from Kerala to Ooty would not have to enter Coimbatore city. They would also be able to drive down directly to Karamadai and Mettupalayam. This would help considerably reduce the traffic in the city,'' said LPA member secretary (incharge) C Mathivanan.

                    On Friday, Directorate of Town and Country Planning (DTCP) officials conducted a special training programme for LPA officials and drafts men in Chennai regarding the master plan.

                    "The new master plan covers Coimbatore Corporation and 145 villages coming under Mettupalayam, Annur, Sulur, Madukkarai, Coimbatore, Perur, Coimbatore South and Coimbatore North taluk offices and Pollachi municipality. LPA officials would be visiting various places in the district and would suggest schemes to be implemented in the district. The entire work will be completed within six months," collector Archana Patnaik told TOI.

                    She said that the master plan was prepared keeping in mind the infrastructural needs of the ever-growing city till the year 2035. The revised plan gives additional thrust to development in suburban areas like Malumachampatti, Kurichi and Seerapalayam.

                    The first master plan for Coimbatore was prepared by the LPA in 1994 and it covered Coimbatore Corporation and 95 villages.

                    A revised master plan was prepared in 2007, but it was not approved by the government as it cited lack of vital information and maps.

                    Subsequently, the state government approached the Centre in 2011 to get the Geographic Information Technologies at Bharathidasan University to draw the maps.

                    A team headed by department professor S Vasudevan surveyed Coimbatore, Tirupur, Erode, Hosur, Madurai, Trichy and Thoothukudi areas by using global positioning system (GPS), geographic information system and remote sensing methods and prepared the maps that were submitted in 2013.

                    C Mathivanan said the master plan was prepared with the help of these maps. "As per the revised master plan, industrial sectors will be developed on the L&T Bypass Road from Pappampatti Pirivu to Eachanari," said Mathivanan.







                    Planning body creates master plan keeping in mind 2035 - The Times of India
                    Please read IREF rules | FAQ's

                    Comment

                    Have any questions or thoughts about this?
                    Working...
                    X