Real Estate boom in Madurai: Construction Builders in Madurai: Townships in Madurai

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Madurai is active in property development with a plethora of developers coming up with residential projects, reshaping the concept of quality living in the city with a hoary past.

The presence of many builders in itself is indicative of the growing strength of the activity in different parts, engaged as they are in building multiple residential fiats, retail malls and fully integrated townships. Madurai is emerging as a model with all modern and international facilities for every section in the society have their ‘dream house’ fulfilled.

With leading IT companies such as Satyam, HCL acquiring lands for developing their centres, the Government intent on developing Madurai as a tier II city to facilitate the IT sector and industry bodies coming up with plans to industrialize the region, the activity has gained in momentum.

The activity gaining in momentum, year on year, the property value is escalating with the sons of the soil wishing to hold a modern space for themselves in the Meenakshipattinam. The new homeowner is young these days with prospects of further investment in their life cycle.

Emerging developers Genesis Habitat is armed with multiple credentials on adoption of global standards and technology has over 15 years of experience as a construction firm. TV ie company is very active, especially in Chennai. The projects are undertaken to provide value for money, as a lifestyle product and as an investment opportunity has an ongoing project at KMSL colony at Madurai Vairam Constructions, in the field for more than three decades, has successfully completed many projects. It has spread its activities across Tamilnadu.

At Madurai, the ongoing project ‘Vairam Vasandam’ is spread over 5 acres with a proposal for over 250 residential flats together with 12 premium independent houses. The company has earlier completed Vairam Kamalam, offering deluxe-type two bedroom flats. ‘We fulfil all your wishes’ has been the proud and guiding slogan of the company with the commitment to provide exclusive facilities at affordable price.

According to Mr.V.Durai Raj, Managing Director, most of the flats are sold at the time of bhumi pooja and the occupants are decent bureaucrats. The Chennai operations is being handled by Mr. Ganesh Durai Raj, his son.

Shiva Shelters, in the field for over a decade, is a renowned residential property developer in Madurai. Its successful projects include Sri Vaishnavi, Sri Nidhi and Sri Jannani in K.K.Nagar area and Sri Darshini, Sri Siddhi and Sri Riddhi in Chokkikulam and Tallakulam areas. The ongoing project Shri Vijayalakshmi is located at DRO Colony Road, K.Pudur, Madurai.

Sri Lakshmi Builders, with a vision and commitment are active in the Chokkikulam area. Trust­worthiness and strict adherence to approved plan with no hidden cost and affordable price are the hallmark of its functioning. The ongoing projects are Gomathi Niwas, Gowri Vilas and Ashwin Vikas in Chokkikulam area in Madurai.

Vishaal Promoters is a private limited company managed by husband-wife duo Mr.R.Elangovan and Mrs.Bhuvaneshwari. The company is engaged in flat promotion, township development and commercial complexes. A township development project, Vishaal Nagar I at Pasingapuram on the highways leading to Alanganallur and Palamedu near Madurai, has been completed on a 5-acre site comprising 120 plots for residential purposes. It has single and duplex houses of 350,450 and 550 sq.ft with whole area fully fenced. Currently, the company is engaged both in township development and flat promotion.

Vishaal Nagar II is a project under process at Pasingapuram on an area of 10 acres with a proposal to have 168 residential flats. Three projects on flat promotion, namely, Vishaal Heights, Jagadeesh Elegance and Vishaal Shiv Sakthi, are going on in full swing. While the former two projects are developed in V.P.Rathinasamy Nadar Road, the last one is developed in Anna Nagar. The commercial complex, Vishaal Mall with a total saleable area of 1.25 lakh sq.ft in Chokkikulam is in the initial stage of excavation.

Sintex Industries Limited has two divisions, textiles and plastics. The latter started in the year 1975 has 10 plants and twelve manufacturing processes and is spread across the country with manufacturing capabilities in providing house­hold products. Also, facilities for extensive finishing, assembling, metal fabrication etc have been created. A combination of varied capabilities and tool room facilities have stood the test of time in taking the company to the fore­front in offering vast array of products and solutions.

Sri Sharada Estates, Tirunelveli, established in 1999 offers dwelling places in Tirunelveli. Considering the thrust given by the government and also the experience and accolades earned through earlier projects, the company has now expanded to constructing 120 flats in an area opposite to Tirunelveli New Bus stand.

Property developers in south Tamilnadu, especially at Madurai are tire­lessly at work to position Madurai for quality living on modern lines and provide for housing to the satisfaction of local demand and emerging development of comfort as industrialization requires in the field.

Source: The Hindu Business Line