Plan afoot to build 50,000 housing units

Sri City, which is an integrated business park spread across 7,000 acres in SEZ and domestic tariff area housing large number of manufacturing units, is now focusing on social infrastructure led by residential development with an estimated potential of 50,000 housing units, Managing Director, Ravindra Sannareddy said, claiming that the agency is roping in developers to construct houses with sizes starting from single bedroom to four-bedrooms as it is looking at providing walk-to-work environment within Sri City for all categories of employees. In addition, it is also planning to bring more number of educational institutions, skill development centers among other social infrastructure to provide a complete ecosystem in the business park. Located 55 km north of Chennai on National Highway 5, in the state of Andhra Pradesh, Sri City is already home to 142 companies. About 100 foreign companies from 26 different countries have established their operations in this private industrial park including from diverse sectors such as Japanese vehicle manufacturer ISUZU, American chocolate manufacturer Mondelez, French company Alstom, which is building coaches at Sri City for Chennai Metro, Italian steel plant equipment manufacturer Danieli, Taiwanese mobile phone manufacturer Foxconn, among several others, he added.