Action Slowly Shifting to GST Road. Is it good to invest there?

OMR witnessed a lot of action once the IT corridor project was announced. I remember a builder having 2 projects in thoraipakkam, who raised Rs.300 the next day IT corridor project was news appeared in news paper.But recent times, many say OMR might be a failure.
 

Going by the recent pictures of the slow contruction of the IT corridor, one can only say the action is shifting away from OMR. OMR’s loss is GST gain. Just a comparision compare the prices now and then.


Velachery 2005 -> Rs 2200- 2400
OMR 2005 -> Rs 1800- 2000
GST 2005 -> Rs 1500- 1800

2008 Rates

Velachery 2005 -> Rs 4500- 5500
OMR 2005 -> Rs 3200- 3800
GST 2005 -> Rs 3000- 3700

The rates are even higher for new projects on the GST road. A lot of new projects have being announced in the recent times. Adding to it is the slew of SEZ projects coming up there. Satyam today announced a 4 Lakh facility in Shiram SEZ.

Hyderabad, May 30 IT services provider Satyam Computer Services on Friday announced it has leased 4,00,000 sq ft of office space in Shriram-The Gateway, a special economic zone being developed by Shriram Properties Ltd at Perungalathur, Grand Southern Trunk Road, Chennai.

This facility is scheduled for completion in November 2008 and will host nearly 4,000 Satyam consultants, who will work on a broad range of technology applications, industries and regions. This will be in addition to Satyam’s own SEZ in Sholinganallur.

The Managing Director of Satyam, Mr B. Rama Raju, in a statement said “We are pleased to establish a strong Satyam presence in The Gateway, which accommodates Satyam’s needs for high-quality infrastructure and is in line with the company’s ambitious growth plans for Chennai.”

The Managing Director, Shriram Properties, Mr M. Murali, said “The Gateway has received tremendous response. It gives us great satisfaction to provide a large-scale, high-quality, integrated IT SEZ (in) Chennai.”

Fast development in this area is making me think if i should make an investment here. Plots are still going at a affordable rate of Rs 10-20L considering the city price is un-reachable.

Availablity of plenty of Lands, good road connectivity, presence of both IT and Manufacturing industries make it a place for all round development. OMR is purely IT centric, there is a always a risk considering IT heavy dependency on US markets.

Is GST going to be the EPICENTER of IT and manufacturing tommorow? Will you invest there. IMHO, i think it would be a good move to invest here in some plots or flats for good appreciation tommorow.

Shriram’s GATEWAY SEZ

7 Comments

  1. Srini

    Isn’t GST near OMR?

  2. rajesh

    What are the projects on GST?Is Hiranandani there?If yes what are prices?
    Please help.

  3. raja

    another advantage in GST is road connectivity, rail network and top of that copious ground water.

  4. Subba

    Can somebody comment on scope of investment return in Hiranandani Palace gardens ,which is near to GST?Am looking at 3-5 years.

  5. karthi

    There are lot of scope of improvement near the GST Road,vandaloor. One of the area is Mannivakam. Mannivakam Koot road is just 5 minutes Bike drive from Vandaloor railway station and Sriram IT Park. Also Government is constructing a bridge on top of the GST Road over the vandaloor railway station. On top of all this, this Mannivakkam has good water and beautiful residential environment . I heard that buying plots in this area will surely have a better deal for tommorow…

  6. Hansika

    can anyone comment on ETA star project at OMR . APpreciate your advise …

  7. mg1

    Hi Hansika,

    Pls contact me at pugu@rediffmail.com to discuss eta star project details. I am also interested in the project.

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