Sri City In Andhra: Realty

Impact In Surrounding Areas

The southern part of Andhra Pradesh is
set to undergo a boom in residential
realty with the development of Sri City, a
world-class Integrated Business City
Situated on the southern tip of Andhra
Pradesh bordering Tamil !adu, it is
spread across "## s$ %m It is
strategically located along the !&-', (ust
about '' %m from Chennai A ma(or part
of Sri City is located in Chittoor district of
Andhra Pradesh while a small part is
located in !ellore district The development of this mega City is e)pected to
have a ma(or impact on the residential realty mar%et in surrounding areas in
the region
Multi-nodal connectivity
Sri City is renowned for its multi-nodal connectivity as well as its easy access to
important logistics hubs Three ma(or roads pass through its fringes They include
the !&-' on the eastern fringe, the Tada-Tirupati State highway on the northern
fringe and the *adur+Satyavedu-Tiruvallur+Sriperumbudur road on the western
fringe Sri City is also well connected through rail It is located between the Tada
railway station on the north and the Aramba%%am railway station on the south
through which suburban trains pass Besides, it is (ust about ", %m south of
Sullurpeta, where e)press trains going towards Chennai, &yderabad, Bangalore,
*ol%ata and -elhi stop The Chennai International Airport is about .# %m from Sri
City while the Tirupati International Airport is (ust about /. %m away Besides, it is
(ust about 0' %m from the Chennai Port 1oreover, it is (ust about '# %m from
2nnore Port and ', %m from *attupalli Shipyard
Uniqueness in Infrastructure
Sri City is uni$ue in its infrastructure facilities with the 1aster Plan for it prepared by
widely acclaimed urban planners 3urong Consultants of Singapore The
infrastructure is uni$ue adhering to world standards in terms of physical
infrastructure as well as social, educational and recreational facilities Besides, it
also employs alternative sources of energy and is aimed to become a
carbon-neutral city The infrastructure of Sri City has been built so as to tap the
tremendous growth potential in the region !otably, the utility networ%s of Sri City
run along all roads in the vicinity so that it can service any individual residential plot
in the locality
Divided into ones
Sri City has been segregated into different 4ones so as to service the re$uirements
of diverse industries li%e manufacturing and service industries Besides, there are
also dedicated areas which have allotted for other re$uirements li%e housing,
education, health-care and lifestyle There are also industry-specific 4ones including
a Special 2conomic 5one 6S257, a 8ree Trade and 9arehousing 5one 68T957 and a
-omestic Tariff 5one 6-T57
Importance to Residential requirements
Sri City will cater to the residential re$uirements of people planning to stay here
There are developed residential plots with optimal access to different facilities They
include road, power, water, telecom, sewage and storm-water drain networ%s
Besides, it also offers Build-to -suit: options for buyers loo%ing for specific and niche
re$uirements Special contractors will monitor the construction of these specific
re$uirements underta%en with the support of Sri City:s design and construction
services team
The Central Business -istrict 6CB-7 in Sri City will have various important facilities
They include municipal offices, police stations, post offices, fire stations, libraries,
business and financial centers, among others ;ther recreational facilities here
include shopping malls, restaurants, cinema theaters and arts and cultural centers,
among others
The <esidential 5one in Sri City will cater to the varying re$uirements of buyers It
will have residential villas, apartments, hostels and dormitories in various budget
ranges The focus will be %ept on affordability and cost-effectiveness Besides, other
facilities li%e (ogging trac%s, wal%ing paths, waterfront developments and adventure
sports will be given prominence Presently, about "## apartments are under
construction here, each measuring about "#'# s$ ft Besides, for the wor%ers of Sri
City, model communities are being set up Accordingly, three model villages with
about 0## residential units have already been developed
Ad(oining the residential will be various other facilities li%e multi-speciality
health-care facilities, Star and budget hotels and service apartments, among others
2ntertainment and leisure facilities would include malls, shopping arcades,
multiple)es, art centers, resorts and clubs Besides, an ".-hole golf course with
club-house facilities will also be developed here The 2ducation 5one will house
schools, colleges as well as research and training centers 2ducation will be
imparted in various faculties li%e arts, commerce, business, engineering and
medicine Premier educational institutions li%e the Indian Institute of Technology 6IIT7
and the Indian School of Business are being planned here
Impact on Realty
The development of Sri City will also have a ma(or impact on the residential realty
mar%et in areas in the vicinity as well 1a(or residential pro(ects are e)pected to
come up in the vicinity of Sri City, many of them premium pro(ects Infrastructure
facilities are also li%ely to develop considerably in the surrounding areas due to the
impact created by Sri City Subse$uently, land values are also e)pected to increase
remar%ably &ence, investors can e)pect healthy returns while end-users can en(oy
the best of facilities
Source= Common8loorcom
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