Project name: Manhattan Island

Project description: Manhattan Island from Nellai Estates offers 6-cent plot in our 120 acres gated community. This is an affordable and nice investment for the middle-income group. This site has an excellent view to the mountainous woods and this is like a small island in the big-gated community. This site is designed with vaasthu and good home plans in mind. If you decide to build your home immediately, we offer different home plans and construction services to build your dream home.



Highlights of the project:

		Largest gated community in India with good ground water in amicable neighbourhood.
		Well connected by public transport like bus, train and flight.
		Tirunelveli is oxford of south India with good schools, engineering colleges, medical colleges and business schools.
		Tirunelveli has good professionals to work in different verticals.
		17 km / 10.6 miles / (13.1 minutes drive) to Gangaikondan IT Park.
		33 km / 20.5 miles / (24 minutes drive) to Tirunelveli junction.
		45 km / 27.9 miles / (34.6 minutes drive) to Tuticorin Port.
		40 km / 24.8 miles / (30.8 minutes drive) to Tuticorin Airport.
		The Government of Tami Nadu and India are offering 15 years tax break to industries for starting their operations in Tier-II cities like Tirunelveli.
		STPI's (Software Technology Parks of India) ten year tax holiday is getting over in 2009 and the companies enjoying the benefits now would like to move to Tirunelveli’s SEZ to continue to avail them.
		Gangaikondan 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.
		IT Park (Information Technology) / ITES (Information Technology Enabled Services) / SEZ (Special Economic Zone) has 15000 acres area.
		IT Park is promoted by ELCOT (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 IT Park has been granted in June 2007.
		Major companies like Coca-Cola, Wolkem, S S Conversion, Sutherland Global Services, Hexaware Technologies, Syntel, AES, HOV have already started their operation.
		130 km / 80.6 miles / (1 hr 40 minutes drive) to Madurai Airport.
		190 km / 117.8 miles / (2 hrs 26 minutes drive) to Trivandrum International Airport.

 Amenities of the project: 

		Large park for jogging, walking, playing, partying and relaxing
		Children play area
		Shopping complex
		Community hall with swimming pool

ROI of the project:
The ROI will be very high because of the IT Park, prime location, huge community and rich neighbourhood. Remember that this is one of the largest posh communities in India offered by real estate giant ‘Nellai Estates’.

Why ROI is very high in tier-2 cities than tier-1:
More foreign investors are investing in India because of our economy growth, technology and human capital intelligence. This is creating lot of small-scale industries and IT companies both directly and indirectly. Most of the IT companies are operating in tier-1 cities like Chennai, Bangalore, Hyderabad…etc and their operating cost is very high. They not able to retain the employees in tier-1 cities because of the increase in real estate rent, cost of living, salary…etc. They are enjoying their tax holiday provided by the state and central governments now. These companies want to enjoy the same tax holiday by moving to other SEZ (Special Economy Zone) or IT Park

Most of the companies are moving to tier-2 cities like Tirunelveli (Gangaikondan & Nanguneri IT Park) to reduce their operating cost and utilize the human capital management as well. They cannot do business in tier-1 cities because of labour issue and operating cost so they are reducing their operations in tier-1 cities like Chennai, Bangalore and Hyderabad. …Etc. The land price is cheap compared to tier-1 cities so the demand for housing sites in this area would only grow in the future and that makes Tirunelveli an ideal choice for investors with current cost of land lower than major cities and towns.

Nellai Estates is offering a huge gated community with big plots in elite neighborhood mainly to NRIs with large disposable income. The ROI is very high with Nellai Estates property because we are industry leader.