Chennai: On what was once a cinema shooting location better known as the MGR Film City, a new landmark is taking shape. It's bang in the middle of Chennai. Coming soon from the TATA stable is the Ramanujan IT SEZ.
"This is India's only integrated IT SEZ within the city. We will have IT office space of 3.4 million sq ft, retail mall 300,000 sq ft and a club house of 13,000 sq ft," said C Velan, CEO, TRIL Infopark Ltd.
This will arguably emerge as the best address in Chennai. Not merely because of the top notch facilities on offer. Just look at the view from here. A green lung on one side - quite a rarity in the heart of the city, the Tidel Park on the other side; and if you look beyond, that's the sea.
The 3300 to 4700 sq ft dream pads are only for those with deep pockets. The price tag: 4 to 7 crore rupees! So the 100 apartments on 18 floors are being billed as an exclusive abode of CEOs and celebrities. But there's a catch - it's a 99 year lease. The promoters don't believe it's a downside.
"We did a dipstick survey and found that CEOs are not too bothered about leaving it behind for their grandchildren. They are content with an exclusive enclave and perhaps let their children inherit it," said Goutham Pulimi, Deputy CEO, Ramanujan IT City.
The builders have shelved an earlier all glass design and will go in for heritage interiors like Raja Ravi Varma paintings and Chettinad architecture. The lucky owners will be able to move into the residential twin towers by March, 2012.