Madurai Real Estate

Sell Land in madurai / Buy Land for sale in Madurai ?

Madurai Real estate market is picking up. Especially after Tamil Nadu state Government announcement of installing the Tidel Park and Software City in suburbs. Madurai Corporation also revaluated the land price around Madurai. 100 Sqft now sells around 5-9 lakh around Meenakshi amman temple. Arrival of Alukkas Jewelry hiked the shopping place lands around Madurai Meenakshi amman temple. They bought 100 square feet for 22 Laksh on West Veli street.

Tidel Park:
There 1 cents sells nearly Rs 70,000 - 100,000. As per my knowledge no bulk land is available now. No one wish to sell at this moment as the land price and demands goes up every month. Most of the politician bought the lands, especially Mr. Alagiri (Tamil Nadu Chief Minister son) bought more than 112 acres land around that place. Mr. Baluchamy Arumugam(one of the associate of Madurai Real Estate) has some good contacts around that place as he was working there as Tamil Nadu government Village union Development Manager (Block Development officer or simply BDO). The foundation of Tidel Park has been done 2 months ago and I can see the Construction companies like PNC moving big machineries and setting up the local offices. The project will be completed within 3 years. Valayangulam.

As I have informed, whenever there is a news about proposed Tidel Park and IT Park in madurai the real estate rates are getting doubled. Local Brokers and Land Oweners are the reason behind land value hype in madurai. There is an news about project starting soon in both Madurai Tidel Park and IT Park in Dinamalar News Paper. Beleive me or not next day the land price has increased 10,000 - 20,000 per cents at Ilanthaikulam Tidel Park sorrounding and Vadapalanchi IT Park (software City Park). Given below the news cutting for your view.

Madurai IT Park

At vadapazhanchi 230 KV power plant has been planned to setup, so it can serve the power needed by IT companies. The water supply has been planned from Vaigai Dam and earthing the giant pipes are on the way. As per relied source the Elcot already paid the advance. For convenient, New railway station request has been submitted to Southern Railway Central on Madurai - Podi Train Track exclusively for Madurai IT Park.

As the IT Park is being constructed on Madurai - Cochin Highway new flyover road bridge may take place to connect the Madurai - Theni road and Madurai - Cochin Road. As per reliable source the Elcot already deposited money for that construction. HCL, Honeywell , Desolve and many more IT companies already bought land in that place.

After completion of IT Park and Tidel park project madurai will be the hub for new job openings and bring prosper to south Tamil nadu.