GMR's auto and IT SEZ at Hosur.

Feb. 20, 2008 - PRLog -- On GMR's auto and IT SEZ at Krishnagiri in Tamil Nadu Agarwala said that work on the 3,300-acre project was on track.

He pegged the investment in basic infrastructure here at around Rs 2,300 crore and the overall cost of development, including social infrastructure, at around Rs 11,000 crore.

"Land here mostly belongs to the government and is non-agricultural and hence the land acquisition process was easy. We plan to start allocating plots to interested parties in the next one-to-one-and-a-half years," Agarwala said.

Being in close proximity to Bangalore and Hosur, IT and auto hubs respectively, the SEZ would focus primarily on both these segments, though units of other sectors too would find a place here, he said.

"It is a multi-product SEZ," Agarwala said.

some reports from Hosur says A major land has been tranferred from Government and that too in two locations. One Location is Kelamangalam and another land is near shoolagiri about 12km from Maruthi Nagar, Hosur on the Hosur Krishnagiri 4 lane highway.

Therefore the property prices will shoot up at Hosur NH7 layouts because of GMR SEZ at shoolagiri and Propsed III Sipcot at the same spot on the Highway of excellence.

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