Madurai Real Estate Boom?!

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Real Estate Boom

One of my friend was asking if all the things happenning in Madurai are:
Hype or Reality?!

My answer to him was Yes and No.
Why I say Yes:
By March 23rd Dr.Kalaignar Karunanidhi is coming to Madurai and he is inaugurating the IT Park location.
This is reality.
So, things are happenning. Corporates like HCL, Satyam etc., are buying land left and right in Madurai.
This is reality.
Real Estate is booming - this is reality and a hype too. Whoever has money invests into it. Once Madurai becomes a developed city, then comes the real return of investment for whatever you might have invested in Madurai.

Hype is what people make about more than what it appears in Madurai to NRMs. NRMs do not see it first hand. So, whatever happens, NRMs get the news second hand and they have to believe it. At the pessimistic person's suspicious eyes, it looks like it is a hype. Not for everyone. We will see once it happens.

Whatever it is - all said and done -
Definitely something is happenning and
it is a reality for Madurai to become a GREAT MADURAI!!!