Professionals working in a corporate setup usually prefer to live near to their office, as it significantly reduces their travel time. In case of top cities such as Chennai, most professionals buy or rent homes within a 0-10 km radius of their office. It ensures that they can reach their home faster and allocate more time to their personal lives. In Chennai, one of the top residential destinations for corporate professionals is Madhavaram. Located in North Chennai, Madhavaram is close to many leading IT hubs in the city. These IT hubs have created thousands of jobs, which has boosted the local economy and the real estate sector. Given below is a brief overview of the various existing and upcoming IT hubs near Madhavaram.
One Indiabulls Park:
Also known as India Land Tech Park, this is located in Ambattur in North-West Chennai. It was launched in 2010 and the total cost of construction was Rs 3,750 million. The IT Park features 3 towers of 16 floors each. It has been developed on a plot measuring 10 acres and offers 2 million sq. ft. of leasable space. People travelling to the One Indiabulls Park can choose various options such as train, bus, auto, cab, etc. The international airport is just around 19 km, which is another plus for the IT Park. The Central Business District is around 18 km from here. The IT Park has been designed to meet International standards, in terms of amenities, security, usability and energy efficiency. One Indiabulls Park primarily caters to IT/ITeS/BPO companies. It has been certified as LEED Gold, which is one of the foremost titles given to environment-friendly work spaces. Some of the top companies operating from One Indiabulls Park include Royal Bank of Scotland (RBS), Etisalat, Atlas Copco, Henkel, Walter, Bankbazaar, and Britannia Industries.
This is located in Ambattur and is an upcoming project by RR Builders. It will be the tallest commercial complex in Chennai, featuring 2 towers of 24 floors each. Overall, it will offer around 2 million sq. ft. of leasable space. It will have all the essential features of a world-class office complex such as aesthetic design, state-of-the-art technology systems, and green certification. RR Skyline has been registered as a STPI (Software Technology Parks of India) and it will primarily cater to IT/ ITES companies. The promoters of the IT Park have also applied for converting the facility into a SEZ (Special Economic Zone). RR Skyline will feature various cafeterias and food courts, recreation centers, gym, walking and jogging track, and swimming pool. Top anchor tenants are likely to be Shell Transource, Chelsea Engineering, EICS Power Services, etc.
Alliance Orchid Tech Park:
This is an upcoming IT Park located close to the Ambattur Technology belt in Chennai. It is a part of Orchid Springs, which is an integrated township project spread across 20 acres. The tech park will feature the best in facilities management and technological infrastructure. It will offer 2.5 million sq. ft. of leasable office space and cater primarily to software and BPO companies. The tech park will feature automated systems and its interiors and exteriors will be designed with tasteful elegance. It will have luxuriant landscaping and water bodies. People working in the tech park will have access to various cafeterias, ATM, and gym.
Ambit IT Park:
This is located in Ambattur and offers 811,630 sq. ft. of leasable office space. It has been developed on a plot measuring 5.1 acres. The office complex features a 10-floor building that has been green certified and offers world class infrastructure and amenities. The building features highly efficient floor plates, which ensures that it can accommodate more seats in the same area. People working at the Ambit IT Park have access to a food court, medical center, travel desk, ATM, convenience shop, etc. Some of the top companies operating from Ambit IT Park include Dell International Services India Pvt. Ltd., Sistema Shyam Teleservices Limited, CSS CORP, FIS Global, CMA CGM Shipping India Private Limited, Iopex Technologies and Serco Global Services.
Pattabiram IT Park:
This is a proposed IT park that is expected to come up in the peri-urban area of Pattabiram. The state government is currently holding talks with various developers to get the project started. An area of 45 acres has been allocated for the proposed Pattabiram IT Park. It is expected to create around 10,000 jobs, which will boost real estate in Pattabiram and nearby areas. Currently, many companies are experiencing a shortage in office space supply and Pattabiram IT Park will help fix that problem. The site of the proposed IT Park in Pattabiram is well-connected to other parts of Chennai through road and rail networks. The project will be developed through a public-private partnership and it will cater to both IT and auto companies. Chennai is home to various IT and automobile companies and this new IT-Auto Park will be designed to meet the space requirements of both industry segments. The nodal agency for the project will be the Electronics Corporation of Tamil Nadu (ELCOT).
Prince Info Park:
This tech park is located in Ambattur and it was developed by Prince Foundations. It has been designed as an exclusive IT Park. The complex has been developed on a plot of 2.54 acres and features a 6-floor building. This info park is just opposite to the Ambit IT Park. It has all the essential features such as ample parking space, 24/7 security, power backup system, waste water recycling system, etc. Some of the top companies operating from Prince Info Park include EduSurge, Datamark Prodapt, Gamma Process Hub, and VakilSearch.
Madhavaram has the advantage of being close to IT hubs, but that is not the only reason why people prefer to live here. Madhavaram offers various other benefits such as affordable property prices and rentals, a well-developed social infrastructure, dedicated municipal services, pollution-free environs, and friendly people. Madhavaram is well-connected to all the above IT parks and other parts of the city through high-speed road and rail networks. Its proximity to Chennai’s famous lakes, beaches and other attractions has also made it a popular choice for people looking for a space to live in the city.