India on Speed
(OMR) is, in fact, a lot better today than what it was about one year ago. And things are bound to get better still. With a six-lane expressway project having received the all-clear, by the end of 2004 a drive on this road is expected to be as exciting as a weekend cruise on a luxury ship.
it is june 2007, and the "exciting weekend cruise" is limited to the stretch between Madhya Kailash and Tidel Park, after which the road has completely disappeared and became a dirt track, with big ditches filled with water rotting on either sides of the road (can water actually rot?).
Realtors say that thanks to this silicon-based commerce, land prices are shooting up like a bottle rocket. "Prices have doubled in the last two years or so," says Azeem Ahmed of Property Care. "Earlier, people bought land here as an investment, now they do so to live here."
"In areas close to Tidel Park, ground value ranges from Rs. 12 lakhs to 15 lakhs. Compare this with what it was six years ago - Rs. 4 lakhs to 5 lakhs. Other areas have also recorded steep run-ups. Ground prices in Sholinganallur now range from Rs. 6 lakhs to 8 lakhs. In Padur and Navallur, a ground sold at Rs. 1 lakh-1.5 lakhs four years ago. Now it sells at Rs. 4 lakhs-5 lakhs. Old Mahabalipuram Road's growth has been IT-centric all the way," explains M. M. Ahmed of Mariam & Co.
Ground value has trebled all along the highway in 3 years!!
As of now, there is MRTS service from Beach Station to the Thiruvanmiyur-Taramani junction. It is said that before long the service would be extended to Velachery.
From Projects Monitor - http://www.projectsmonitor.com/detailnews.asp?newsid=4488
Work on the Thirumylai-Velachery project is expected to be completed by this year-end. (16/4/02)
Nothing has changed. and the stations still haven't been completed.
People's expectation: Work on the Thiruvanmiyur-Velachery project (Thiruvanmiyur is halfway between Thirumylai-Velachery) is expected to be completed by this year-end.
And, we've been waiting for the completion of Padi flyover for many years now, they constantly say it will be over by the end of this year. It's like the government is Sausage Charlie, and we the Turkish tell Charlie - "It was two years five years ago."