Last week, there was a 3 page advertisement in one of the newspapers about a new hosuing complex that was coming up within a kilometer in a road off the IT corridor.
IT Corridor! I hope everybody knows that the age old OMR(Old Mahabalipuram Road) is now called the IT corridor of Chennai. If you want to know more, ask any budding BE graduate(Comp Sci guy preferably) in his 7th or 8th semester and he will tell you the history of the OMR transformation. This is just a 20 KM stretch from Madya Kailash to Siruseri, which is one of the major contributors to India's GDP every year. Coming back, the advertisement was dazzling. It had all the ingredients that any family could ask for. Gymnasium, Swimming pool, Play Area for kids, Walker's path for the old. As i am the one of those old prosaic software pro's, who has the privilege of touching the IT corridor everyday, i thought of having a glimpse of the location and surroundings of this newly coming up project on the way to my office. The construction site was about a KM in one of the narrow interior roads from the IT corridor. The leading road just had marsh lands and water stagnant fields on both sides. The road was too narrow and i couldnt avoid having close shaves with the vehicles coming from the opposite direction. When i managed to reach the site and enquired about the price per square feet, it was few hundreds more than what the advertisement claimed. I was told that only a very few apartments were offered at the price that the advertisement quoted. There were also a few other grand complexes that were coming up near by, and the rates were much higher. I could feel that a house with a decent amount of living space wouldnt be anything less than 50 Lakhs. Lot of other thoughts started haunting me. Where will all these 3000 odd apartments get water from? Deep borewells!! what will happen to the ground water table then. What about schools and hospitals. To top it all, It means an EMI of 20 to 25 thousand for the next 20 to 25 years. I heard that that most of the apartments have already been sold out. People seem to be brave and confident nowadays. But i really could not make an judgement of what Chennai as a place would be in the next ten years.
IT Corridor! I hope everybody knows that the age old OMR(Old Mahabalipuram Road) is now called the IT corridor of Chennai. If you want to know more, ask any budding BE graduate(Comp Sci guy preferably) in his 7th or 8th semester and he will tell you the history of the OMR transformation. This is just a 20 KM stretch from Madya Kailash to Siruseri, which is one of the major contributors to India's GDP every year. Coming back, the advertisement was dazzling. It had all the ingredients that any family could ask for. Gymnasium, Swimming pool, Play Area for kids, Walker's path for the old. As i am the one of those old prosaic software pro's, who has the privilege of touching the IT corridor everyday, i thought of having a glimpse of the location and surroundings of this newly coming up project on the way to my office. The construction site was about a KM in one of the narrow interior roads from the IT corridor. The leading road just had marsh lands and water stagnant fields on both sides. The road was too narrow and i couldnt avoid having close shaves with the vehicles coming from the opposite direction. When i managed to reach the site and enquired about the price per square feet, it was few hundreds more than what the advertisement claimed. I was told that only a very few apartments were offered at the price that the advertisement quoted. There were also a few other grand complexes that were coming up near by, and the rates were much higher. I could feel that a house with a decent amount of living space wouldnt be anything less than 50 Lakhs. Lot of other thoughts started haunting me. Where will all these 3000 odd apartments get water from? Deep borewells!! what will happen to the ground water table then. What about schools and hospitals. To top it all, It means an EMI of 20 to 25 thousand for the next 20 to 25 years. I heard that that most of the apartments have already been sold out. People seem to be brave and confident nowadays. But i really could not make an judgement of what Chennai as a place would be in the next ten years.
No comments:
Post a Comment