Green Valley is an Approved Residential Layout in Gangaikondan, 15 km from Tirunelveli. There are a total of 182 plots, most of which are of 3 cents area.
An IT/ITES (Information Technology/Information Technology Enabled Services) Special Economic Zone (SEZ) / IT Park is coming up in Gangaikondan in a 500 acre area. The proposed SEZ is being promoted by ELCOT, a Government of Tamil Nadu Enterprise and will house major Software and BPO companies. The land procurement for this project has been completed and the formal approval for the SEZ has been granted in June 2007. Major companies like Sutherland Global Services, Hexaware Technologies, Syntel, AES, HOV have already taken space or applied for allocation of land within the IT Park. The ELCOT SEZ has been allocated land within the functional SIPCOT Industrial Growth Centre in Gangaikondan spread around 1400 acres.
Gangaikondan IT Park is all set to take off during November 2010
A Transport Engineering Goods SEZ is also coming up in an area of 255 acres within SIPCOT for the manufacture of all types of tyres. This new project is being developed by SIPCOT and was formally approved on 25/02/2008. MoU for this project was signed on 30/06/2008 by ATC Tires Pvt Ltd, a new entity formed by Yogesh Agencies & Investments Ltd and Warburg Pincus, a US-based fund and a global leader in private equity industry, after the takeover of Alliance Tire Company Ltd of Israel. According to an official release, ATC Tires would be investing Rs 300 crore in three years and another Rs 100 crore in the fourth and fifth years. This project would employ about 1,000 persons directly and another 800 indirectly.
"The setting up of this project in Tirunelveli district will encourage other investors to locate their projects in the southern districts to which the government accords high priority," the release added. The SIPCOT complex already houses many companies like Coca-Cola, Wolkem, S S Conversion.
Gangaikondan also lies on the Madurai-Tirunelveli section of NH-7, which is part of the Four-Lane North-South Corridor Highway project connecting Kashmir to Kanyakumari.
Check out the Frequently Asked Questions (FAQs) about Gangaikondan and Green Valley and the Layout Sketch & Plot Availability Status.
Project Highlights:
- 30 Feet Main Road and 23 feet Inner Roads inside the layout
- Completely Fenced Layout
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- Less than 3.5 km from the SEZ / IT Park Site / National Highways (NH-7)
- Clear Titles with Panchayat Approval & Patta in our name
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