Chennai the capital city of Tamil Nadu is the fourth largest metropolitan city of India. The city’s commercial activities are mainly in Automobile, technology, hardware manufacturing, and healthcare industries. The software Industry’s contribution in export is considered to be second largest in volume in the country. The city has consulates of thirty five countries.
The advantage that Chennai currently enjoys over Bangalore, Mumbai and Delhi is that land is cheaper. CONSTRUCTION companies in Chennai are racing to cash in on the growth in IT and ITES industries.
The infrastructure developments have attracted many IT companies to operate from here and has turned out to be another prominent IT hub.
Rajiv Gandhi Salai, previously known as Old Mahabalipuram Road (OMR) or IT Corridor is an important road in Tamil Nadu, connecting Chennai with Mahabalipuram starting from Madhya Kailash temple and going southward till Mahabalipuram terminating in East Coast Road. This is popularly called as 'IT Corridor' due to the fact that this road has become the home to most of the IT companies in Tamil Nadu.
The prestigious TIDEL Park, home to a number of BPO and IT/ITES companies and also the facilities of almost all major IT/ITES companies like Satyam Computer Services, HCL Technologies, Tata Consultancy Services, Accenture India, Wipro Technologies, Cognizant Technology Solutions, Scope International, Photon Infotech, Polaris Software Lab, and Infosys are situated along the IT Corridor. Prominent Government Institutes and technical/ educational institutions are also situated along the Corridor. The corridor stretches from Tidel Park in Tharamani to SIPCOT IT Park in Siruseri. All IT bigwigs like Infosys, TCS, CTS have their own facilities in the It corridor.
Besides, Small Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT) has developed a Cyber City, spread over 2000 acres (8 km²) in Siruseri, abutting the IT Corridor. A number of IT/ITES Companies are in the process of setting up their facilities in the Cyber City
Housing
The burgeoning population of information technology professionals is having a logical influence on real estate development, with a slew of residential apartments coming up along the IT Corridor. The total investment in such projects in this area is estimated at a whopping Rs 550 crore.
The last one year has seen activities from leading real estate and construction companies from other states.