Production of land for real estate markets in the suburban area of chennai metropolis: The case of Sriperumbudur-oragadam region

Bhuvaneswari, Raman (2018) Production of land for real estate markets in the suburban area of chennai metropolis: The case of Sriperumbudur-oragadam region. In: The Suburban Land Question: A Global Survey. University of Toronto Press, Toronto, pp. 280-301. ISBN 9781442620629

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Abstract

The Sriperumbudur-Oragadam suburban region on the outskirts of Chennai metropolis in the South Indian State of Tamil Nadu is pro-jected as a new growth centre and as a favoured destination for real es-tate investment (Ernst and Young 2014; JLL 2014). The government of Tamil Nadu intends to develop the region as a global hub of manufac-turing. It implemented several projects for building industrial parks (IPs), Special Economic Zones (SEZs), and Industrial Corridors (ICs). These interventions accelerated the real estate development in the re-gion and put upward pressure on land prices. Indian and internation-al real estate development firms promoted integrated townships and gated housing complexes, anticipating the demand for housing from the employees of multinational companies and non-resident Indians. This chapter explores the micro-practices of land transformation in the region.

Item Type: Book Section
Keywords: Land | Real estate markets | Chennai metropolis | South indian state | Tamil nadu
Subjects: Social Sciences and humanities > Social Sciences > Planning and Development
Social Sciences and humanities > Social Sciences > Development
JGU School/Centre: Jindal School of Government and Public Policy
Depositing User: Mr Sombir Dahiya
Date Deposited: 07 Jan 2022 05:31
Last Modified: 07 Jan 2022 05:31
Official URL: https://doi.org/10.3138/9781442620629-016
URI: https://pure.jgu.edu.in/id/eprint/612

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