Upcoming Knowledge City could drive real estate demand
The TamilNadu government aims at creating a 1703-acre expansive knowledge city.
The Tamilnadu Government plans to establish a 1703-acre expansive knowledge city in the Uthukottai Taluk and Vengal Village, in Tiruvallur District. This ambitious project is touted as one of the largest and most expansive knowledge hubs in India and will house branches of global universities with research and development centres, skill training centres, and knowledge industries from diversified sectors.
The multiplier effect of knowledge
The Tamilnadu Knowledge City (TKC) will also promote sustainable social living and is expected to benefit around one lakh people in terms of providing them with direct and indirect employment oppurtunities. Tamil Nadu Industrial Development Corporation Limited ( TIDCO ), the nodal agency for the project, is in the process of selecting consultants to prepare the techno-economic feasibility report.
The demand for office spaces and commercial real estate around the knowledge city is expected to grow multi-fold; this will drive infrastructure for support services such as healthcare, hospitality, transportation and security. Land parcels are being identified and construction activities are being developed around TKC.
The demand for office spaces and commercial real estate around the knowledge city is expected to grow multi-fold; this will drive infrastructure for support services such as healthcare, hospitality, transportation and security. Land parcels are being identified and construction activities are being developed around TKC.
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