T. Nagar Commercial Land Sale South Usman Road
Near Chennai Silks
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Property For Immediate sale:
5500sft Prime Land for Sale, 50 Feet Frontage, North Facing.
Immediate Settlement. Price 12.5 Crores.
This property has clean encumbrance and title.
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Brief History of South Usman Road where this property is Located.
T. Nagar was constructed between 1923 and 1925 by the Madras Presidency government of the Raja of Panagal as a part of town planning activities initiated according to the Madras Town Planning Act of 1920. The town was named after Justice Party leader Sir P. Theagaraya Chetty. The streets, parks and localities in the new neighbourhood were named after important officials in the provincial government.
Though conceived as a residential locality, it is now one of the principal shopping districts of the city. The neighbourhood is considered the biggest shopping district in India by revenue. The neighbourhood is served by Mambalam railway station of the Chennai Suburban Railway Network.
T.Nagar's bazaars are frequented by a number of shoppers. On a typical weekend, the number of people who move about on Pondy Bazaar, the suburb's principal commercial area, might soar up to 500,000. During festival season, because of the discounts and reductions offered by dealers of silk sarees and jewellers, this number might reach 2 million. Even on a lean day, about 200,000 pedestrians traverse the roads around Panagal Park, the central part of the neighbourhood.
T. Nagar did not even exist until about 80 years ago — not even the soil on which it stands. If one looks at the 1909 map of Madras, will find a lake, the Long Tank, in its place. It was built in the 1920s when the Justice Party was in power in Madras Presidency. A number of its roads are named after Justice Party leaders — Sir Mohammad Usman was a minister in the Justice Party government and also, for a short while, the acting governor of the Presidency.
Today, Usman Road has new rulers towering over it — Saravana Stores, Pothys, Sri Kumaran, Jeyachandran Textiles, GRT, Rathna Stores, to name some of them. They are big names: go anywhere in Tamil Nadu, and you will find people clutching carry bags that bear their logos. The stores are decked up like wedding halls — which they are throughout the year, but during the festival season even more because that's when they unveil their new designs and collections. Land for sale is scares in this areas, the plot mentioned above for sale is one of the very few which is up for grab.