MARG Swarnabhoomi is the first of its kind integrated industrial and services township, unique in its co-existence of education, research, innovation, industry and fine living. Located on the scenic growth corridor of East Coast Road (ECR), mid-way between Chennai and Puducherry, it has proximity to the auto & electronic industrial belts at Oragadam and Sriperumbudur & the IT and knowledge hub of Chennai while being well connected via road, rail & air.
Designed by world’s leading architects, HOK (USA), MARG Swarnabhoomi is Indian Green Building Council’s (IGBC) pilot project for “Platinum Rated City” and has the distinction of being the first to offer affordable housing of Rs. 20 lacs with all the amenities of a city. It is envisaged to have a population of more than 50,000 in the form of working professionals, domestic & international students and retired senior citizens.
MARG Swarnabhoomi is a 1,000 acre development with 612 acres for multi-services cum engineering SEZs. This will develop into 30 million+ sq. ft. of built up space comprising of:
MARG SWARNABHOOMI- LATEST DEVELOPMENTS
MARG Swarnabhoomi follows a sale and a short term rental/ lease model. It has primarily three thriving business activities viz. Engineering Services, Multi-Services, and Residential Real Estate and has been able to achieve considerable progress in attracting tenants and buyers. MARG Swarnabhoomi has 612 acres of land available, with saleable area of 446 acres. Presently 101 acres have been utilized with various clients operating in Light Engineering Services.
MARG Swarnabhoomi’s Light Engineering SEZ is emerging the ideal location for industrial and manufacturing units with leading engineering brands roped in viz. Virgo Engineers Pvt. Ltd, PH Hydraulics, Tecpro Energy Systems, Vanspall Associates Ltd, Grundfos, Kwik Patch Ltd, Eswari Electricals and Twin Disc. Strand Bioprocesses, Biophenolika Polymers Ltd and Micro Therapeutics Research labs have been tied up in the research & innovation domain. Amritha Research & Innovation Park is leased out to M/s Exemplarr Worldwide to cater back office academic and business operations of its various clients such as M/s Educomp Solutions Ltd & Exigo Ltd.
Total ITD physical exports from MARG Swarnabhoomi SEZ in Light Engineering & Multi Services SEZs has reached Rs. 64.91 crores. 3 industries in the zone now have an annual turnover of over $1 million each. With the expansion of existing units and startup of additional units the exports are slated to grow faster. Key drivers facilitating MARG Swarnabhoomi’s growth will come from a combination of IT/ITES companies, Defense Offset Units, education initiatives and industrial/manufacturing units.
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With a present built up area of 1 million sq ft in Multi-Services and Light Engineering Services SEZs & total of 345 acres of saleable area in the near future being available in processing and non-processing zones, MARG Swarnabhoomi can look forward to a built up area of 30 million sq. ft. with a total sale value of INR 6750 crores. It therefore has the potential to provide revenue of $1.5B with its existing projects and future plans in next 5-6 years time. The development in and around MARG Swarnabhoomi is gaining pace and is a key confidence building measure for business development.
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Tax Benefits: Being an SEZ, there are tax benefits/ incentives for the SEZ company/ developer and also the units. This includes income tax, customs benefit, sales tax benefits, duty-free import/domestic procurement of goods for development, operation and maintenance of units, higher external commercial borrowing, exemption from central sales tax and service tax, single window clearance etc.
To know more about MARG Swarnabhoomi, visit www.margswarnabhoomi.com
EDUCATION @ MARG SWARNABHOOMI
An education cluster aiming at providing industry led academia in a flourishing environment of 100 acres, termed as, “Swarnabhoomi Educity”, which is the first of its kind education cluster in South Asia. Positioned as the ‘NextGen Knowledge hub for global education in India’ providing an integrated experiential learning environment.
Swarnabhoomi Educity’s education initiatives are under a trust titled Swarnabhoomi Academy of Institutions (SAI) with an aim to shape young minds and create a knowledge based society bringing about profound harmony & prosperity. The institutions under SAI banner boast of enviable campus & infrastructure, great learning environment and experienced faculties backed by professional governing bodies.
Education institutes already operational at MARG Swarnabhoomi:
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Upcoming education institutes at MARG Swarnabhoomi
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Current student strength of 1060 will further grow to 4,000 in 2015-16, accelerating demand for residential / hostel facilities at MARG Swarnabhoomi.
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