Trichy: IT infrastructure to pep up property prices
ction is back in boiler town Trichy. After textile-city Coimbatore, the boiler capital of Tamil Nadu boasts of an infrastructure that is
attracting IT companies, contributing to the changing realtyscape. Even IT body Nasscom is going the whole hog to promote it as an ITES destination.
At a recent Nasscom-organised event—Empower IT—an official of IT-enabled services and BPO MNC Sutherland said cost compulsions and manpower capability were driving IT companies to tier II locations. Trichy, with its ready-made talent pool and a decent infrastructure, is proving an ideal destination to do business. Until recently, conservative Trichy was not offering too many employment opportunities. Even salaries were moderate.
However, unlike the metros, the fourth largest city in Tamil Nadu has not seen any price fluctuation in the residential segment, says Prative Chend, CEO of AICTE-approved CARE, the country’s first integrated educational campus. “Prices may have been stagnant but they have definitely not dipped. The volume of transactions too has been average,” he said.
Akshaya Homes chairman T Chitty Babu says he is preparing a blueprint for a 10-acre joint development activity. “We are still in the early stage of planning. We feel the market is good as it offers tremendous scope for organised real estate development,” he said.
Top-notch realty players include Rohini Housing, Vignesh Flat Promoter, Manghalam Estates and Ganesh Builders. The Maris Group and Rams Builders of Chennai are also promoting a multi-storied residential complex on Convent Road, likely to be the tallest in Trichy.
Apart from being dotted with engineering institutions that provide qualified personnel, the city has an international airport. Incidentally, 30-35 of the top engineering colleges operate in and around Trichy and not to
forget the famed Bharathidasan Institute of Management.
attracting IT companies, contributing to the changing realtyscape. Even IT body Nasscom is going the whole hog to promote it as an ITES destination.
At a recent Nasscom-organised event—Empower IT—an official of IT-enabled services and BPO MNC Sutherland said cost compulsions and manpower capability were driving IT companies to tier II locations. Trichy, with its ready-made talent pool and a decent infrastructure, is proving an ideal destination to do business. Until recently, conservative Trichy was not offering too many employment opportunities. Even salaries were moderate.
However, unlike the metros, the fourth largest city in Tamil Nadu has not seen any price fluctuation in the residential segment, says Prative Chend, CEO of AICTE-approved CARE, the country’s first integrated educational campus. “Prices may have been stagnant but they have definitely not dipped. The volume of transactions too has been average,” he said.
Akshaya Homes chairman T Chitty Babu says he is preparing a blueprint for a 10-acre joint development activity. “We are still in the early stage of planning. We feel the market is good as it offers tremendous scope for organised real estate development,” he said.
Top-notch realty players include Rohini Housing, Vignesh Flat Promoter, Manghalam Estates and Ganesh Builders. The Maris Group and Rams Builders of Chennai are also promoting a multi-storied residential complex on Convent Road, likely to be the tallest in Trichy.
Apart from being dotted with engineering institutions that provide qualified personnel, the city has an international airport. Incidentally, 30-35 of the top engineering colleges operate in and around Trichy and not to
forget the famed Bharathidasan Institute of Management.
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