Yes, Office space scarcity in Chennai also, The demand was primarily driven by IT, telecom and financial sectors in Chennai. Rentals in A Grade office space in center locations such as the Chennai Metropolitan and MRC Nagar were in the range of Rs 80 to Rs 85 per sft a month. In other areas such as Guindy, Adyar and Egmore, this was around Rs 60 an sft while in Ambattur and Taramani the average rental stood at around Rs 38 an sft.
A study titled ‘Property Market Overview’ by Colliers International, a Canada-based real estate research and consulting firm, said in Chennai, Sholinganallur emerged as the new hub for IT parks and was a major supply generator during the second quarter.
September 18, 2008
September 10, 2008
Leyland-Nissan LCV Plant near Chennai
The Ashok Leyland and Nissan will be combined to construct a new LCV plant very soon at Chennai. The project started the first step after signing the MoU with the TN government. A land of 380 acres would be acquired to set up the facility.
It will be set up at Pillaipakkam which is located 40 KM away from Chennai. The MoU was signed between the state's industries secretary MF Farooqui, R Seshasayee and Andy Palmer.The chief minister of Tamil Nadu was also present on the occasion.
The project is expected to give employment to around 4500 people directly and while another 13,500 indirectly.The first vehicle from the plant is expected to come in the market by 2010-11.
It will be set up at Pillaipakkam which is located 40 KM away from Chennai. The MoU was signed between the state's industries secretary MF Farooqui, R Seshasayee and Andy Palmer.The chief minister of Tamil Nadu was also present on the occasion.
The project is expected to give employment to around 4500 people directly and while another 13,500 indirectly.The first vehicle from the plant is expected to come in the market by 2010-11.
Infosys - 3000 Employees shifted from Pune to Chennai
3000 Employees of Infosys Technologies, Pune will be shifted shortly to Chennai due to space scarcity and also scarcity of accomodation.
The IT giant, which is currently engaged in expanding its Pune establishment at Hinjawadi through phase II, has taken the step following delay in completion of the new centre owing to an exodus of North Indian construction workers fleeing the city in the wake of the agitation by Raj Thackeray-led MNS in February, company's Director HR Mohandas Pai said.
The company plans to have a seating capacity of 38,700 professionals on the Pune campus with an investment of Rs 5 billion the campus will be larger than that at Bangalore. The pune campus will have 150 advocates for its LPO business in Pune. The exports from Pune facility have increased to Rs 33.40 billion from Rs 25 billion in March 2007.
The IT giant, which is currently engaged in expanding its Pune establishment at Hinjawadi through phase II, has taken the step following delay in completion of the new centre owing to an exodus of North Indian construction workers fleeing the city in the wake of the agitation by Raj Thackeray-led MNS in February, company's Director HR Mohandas Pai said.
The company plans to have a seating capacity of 38,700 professionals on the Pune campus with an investment of Rs 5 billion the campus will be larger than that at Bangalore. The pune campus will have 150 advocates for its LPO business in Pune. The exports from Pune facility have increased to Rs 33.40 billion from Rs 25 billion in March 2007.
Fire at Saravana Stores, 2 Reported Dead
Chennai - September 1, 2008: A major fire broke out in Chennai's shopping paradise - Ranganathan Street. The fire broke out at Saravana Stores in Ranganathan Street, T Nagar - Chennai. The fire broke out on Monday (September 1, 2008) early morning between 5:00 and 5:30. There were 10-15 employees in the shop at that time.
Several lakh worth of goods were destroyed in a major fire that broke out at the fourth floor and two men loss of life was reported, police said. This accident is an eye-opener to authorities who ignored the safety norms followed in shopping complexes in the area. Most of the shopping complexes in Chennai don't have sufficient fire fighting equipments or fire exits used to evacuate people in case of a disaster. One hopes that the authorities wake-up atleast now and raze structures which are built in violation of the rules to prevent mishaps.
Several lakh worth of goods were destroyed in a major fire that broke out at the fourth floor and two men loss of life was reported, police said. This accident is an eye-opener to authorities who ignored the safety norms followed in shopping complexes in the area. Most of the shopping complexes in Chennai don't have sufficient fire fighting equipments or fire exits used to evacuate people in case of a disaster. One hopes that the authorities wake-up atleast now and raze structures which are built in violation of the rules to prevent mishaps.
August 20, 2008
Internet Telephony in India - TRAI and Govt. Allowed
Telecom Regulatory Authority of India(TRAI) has allowed internet telephony in the country. The move will enable one to make calls from personal computers to fixed line and mobile phones. Earlier, voice call made from one computer could travel to another computer but not from a mobile or a fixed line phone.
As per the TRAI recommendations, the STD service providers would be connected to Internet Service Providers (ISPs) through public internet for the purpose and the two service providers would have mutual agreement for the same.
“It is envisaged that customers will ultimately benefit from cost effective and innovative internet telephony service. These recommendations will put Indian telecom sector in tune with global trends. The grey market tendencies shall be curtailed,” TRAI has said.
“It is envisaged that customers will ultimately benefit from cost effective and innovative internet telephony service. These recommendations will put Indian telecom sector in tune with global trends. The grey market tendencies shall be curtailed,” TRAI has said.
August 11, 2008
Raj Tv's New Tamil News Channel for 24x7
Chief Minister M. Karunanidhi launching the new Raj TV news channel in Chennai on Monday. The Chief Minister’s son, M.K. Azhagiri (left), Electricity Minister Arcot N. Veeraswami and Raj TV Managing Director M. Raajendhran are in the picture.
Chennai City Tour Organised By TTDC
The Tamil Nadu Tourism Development Corporation (TTDC) will launch its Chennai city sightseeing Tour on Wednesday.
The tour, an initiative of the TTDC and Southern Railway, will be in addition to the coach tour operated by the TTDC, Commissioner of Tourism and TTDC Managing Director M. Rajaram said.
“This tourist-friendly initiative will benefit those transiting through Chennai, mostly by long-haul express trains,” The TTDC seeks to give them a glimpse of the city’s tourist attractions,” such as the Snake Park, the Kapaleeswarar temple, the Marina Beach, Valluvar Kottam, the museum, and Fort St. George,” he said.
Since the MRTS network touches the Beach area and goes right up to Velachery, tourists will get a bird’s eye view of the best parts of the city, he said.
Tourists will be picked up at the Tourism Complex on Wallajah Road and taken by a TTDC coach to the Chepauk station.
Then they will travel up to the MRTS station at Thiruvanmiyur, where they will again be shifted to the coach to complete the tour.
Trip tariff
The tariff will be Rs.130 a person irrespective of his age.
The tour, an initiative of the TTDC and Southern Railway, will be in addition to the coach tour operated by the TTDC, Commissioner of Tourism and TTDC Managing Director M. Rajaram said.
“This tourist-friendly initiative will benefit those transiting through Chennai, mostly by long-haul express trains,” The TTDC seeks to give them a glimpse of the city’s tourist attractions,” such as the Snake Park, the Kapaleeswarar temple, the Marina Beach, Valluvar Kottam, the museum, and Fort St. George,” he said.
Since the MRTS network touches the Beach area and goes right up to Velachery, tourists will get a bird’s eye view of the best parts of the city, he said.
Tourists will be picked up at the Tourism Complex on Wallajah Road and taken by a TTDC coach to the Chepauk station.
Then they will travel up to the MRTS station at Thiruvanmiyur, where they will again be shifted to the coach to complete the tour.
Trip tariff
The tariff will be Rs.130 a person irrespective of his age.
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