Rajiv Gandhi Salai(Popularly called Old mahabalipuram Road) was the great chennai dream. The real estate growth around this 20km stretch from madhya kailash junction to siruseri was motivated by IT development, and hence its alternative name as the 'IT Corridor'.
It was when developers, irrespective of pedigree and potential, flocked in with ambitious projects. "Every Year, 10,000 - 12,000 units were being sold." The rationale was that at least 10 percent of the 1.5 lakh IT workers employed by companies on this stretch (Including TCS, Cognizant, HCL, Ramco Systems Etc) would want to buy property around the workplace.
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