The IT corridor starts from the now famous Chennai landmark 'Tidel Park' and extends south about 25 km to Siruseri IT Park.
The IT corridor has been witnessing demand of large residential property from leading property developers.
Prices of residential properties along the IT corridor have increased by 30 per cent in the last three years.
Leading property developers like Jain Construction has acquired about five acres of land in Perungudi to develop residential property.
Ashok Leyland Properties has acquired about 1.8 acres of land in Sollinganallur. Naveen Builders are also putting-up a project of around 50 apartments in Perungudi.
T A Ramachandran, the general manager, Ashok Leyland Properties, said,
