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Chennai North Location After Budget - 2014

Traditionally North Chennai is one of the under developed pockets of Chennai. Here, we are discussing about How will be Chennai North After Implementation of all announcements.

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July 24, 2014 (FPRC) --
Traditionally North Chennai is one of the under developed pockets of Chennai. Though it has very good industrial units like Chennai Petroleum Corporation Limited, various Container Freight Stations which handle import and export of goods through harbor, it did not new job opportunities in IT/ITES like other parts of city. While all developments are happening in south or west side of Chennai, north Chennai witnesses very less action. However in the recent budget the finance has offered something for the north Chennai people to rejoice. Apart from budget announcement there are few development news also for Chennai north. Let us see how the face of north Chennai will change once all the announcements are implemented;

Recent Announcements Which Will Impact Chennai North
Ponneri has been chosen as one of the smart cities to be developed across India.
Ennore has been identified as hub for Chennai Bangalore Industrial corridor
Chennai Bangalore Freight Corridor

Ponneri to become Smart City
“The development of Ponneri as a smart city will ensure equitable distribution of urban growth,” said Hidehiro Ishiura, director-general of the Japan External Trade Organisation. Once it becomes smart city, it is expected to create a minimum of 5,00,000 jobs in five years.
Ennore to become hub for Chennai Bangalore Industrial corridor.
Japanese automobile manufacturing companies like Toyota, Mitsubushi, Isuzu, Nissan and Toshiba have been using Chennai Port for importing automobile components through containers for their factories located in Chennai. Japanese company Metal One (Mitshubishi group) is importing steel coils used for automobile through Chennai Port in the break bulk form. Around 240 Japanese companies have developed businesses in and around Chennai in the last decade.
Several Japanese companies have also shown interest in enhancing their use of the Ennore Port. At present,Nissan Motors India and Toyota are the major Japanese Companies using the Ennore Port facilities for their export. Nissan Motors has exported about 3 lakhs cars while Toyota has so far exported 42,000 cars from Ennore Port.
Because of these improvements we can expect many people rush into buy a property in Chennai north , Flats in Avadi and also property in Bangalore outskirts as well.
Road connectivity is a big problem. We, along with the business community, welcome any new development or investment in the infrastructure sector. Foreign investors and a major supply chain depend on connectivity for transport of their goods. Hence, it should not be ignored.

Chennai Bangalore Freight Corridor
Chennai Bangalore Freight Corridor is expected to pass through north of Chennai and ennore has been selected as hub for this corridor. Shinya Ejima, chief representative of JICA the agency was waiting for a shortlist of projects that would form part of Chennai-Bangalore Industrial Corridor (CBIC) from the Indian government. 26 bid projects were already identified by the agency. The master planning for CBIC is being done for 2030. In addition, JICA is identifying certain urgently required infra projects. These include construction of peripheral ring road between the two cities and upgradation of cargo handling at Chennai and Ennore ports including access to them. States of Tamil Nadu and Karnataka have many transportation projects on the shelf.
All these developments are expected to create more employment opportunities in this pocket which will also increase apartment prices in these locations.


Send an email to Rubina Begam of RealtyCompass.com
918030747400



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