A Special Economic Zone (SEZ) is a geographical region with a set of laws that are liberal than the country's existing laws.
This region will house a large number of companies, corporations, organizations, and industries dealing with various verticals,
sectors, and interests. A SEZ is intended to increase inflow of foreign investment, enhance domestic exports, and make the
institutions in the SEZ more competitive.
Benefits of a SEZ in the city
- Increased inflow of economic activity
- Creation of employment
- Infrastructure development
- Housing development along with Hotels and social infrastructure
All this creates parallel economic activities that support each layer of the preceding economic activity .
About the Multi-Product SEZ in Hosur (right next to Eco Vista)
The multi-product SEZ in Hosur is a joint venture between TIDCO (Tamilnadu Industrial Development Corporation) and GMR Infrastructure Ltd. This SEZ is envisioned to be developed on international standards, and will house a variety of companies from biotechnology and IT/ITES to industries that include the traditional engineering and electronics industries.
Key features:
- The SEZ is located close to National Highway 7 (NH7) that connects Bangalore to Chennai.
- It is a Rs.2300 crore world-class project, and is spread over 3,300 acres of land.
- The SEZ will encompass a holistic blend of industrial and social infrastructure.
- The SEZ will be operational by the end of 2009, and the complete development will conclude by 2014.
- This project will change the entire paradigm of Hosur as a remote town into one that is bustling with economic activity and world-class living standards.
Source: www.tidco.com / www.gmr.co.in
How being a neighbour of a Special Economic Zone can benefit you.
- Any land / developed area around a SEZ has exponential market value.
- You will get to enjoy benefits of world-class social infrastructure in and around you. Social infrastructure includes housing, educational, recreational, leisure, law and order, health etc facilities.
Your return on investment explained.
The Eco-Vista housing project is a sure-shot winner for exponential returns on investments. This is primarily driven by the fact
that it is close to many vantage points as mentioned above. It is built on 'prime' land that will be difficult to procure after a period
of time, as the land-rates will go up. Anybody investing now will have an early-bird advantage, because there are very less people who know about the rapid development activities that are happening in Hosur. Greater Bangalore Estates have identified these trends,
and have made an excellent venture into property development on prime land in Hosur. Hosur is no longer a 'picnic-place'; rather its accessibility has increased (and in less time) from Bangalore , due to excellent road and transport facilities.
So, now is the right time to come home to Hosur
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