E-tailing rivals Flipkart and Amazon are aggressively looking for land in the Sriperambudur and Red Hills area on the outskirts of the city to house their warehouses.
Real estate analysts estimate land prices at these two localities to be anywhere between Rs 1,500 to Rs 2,000 per square feet. This would translate into an investment of anywhere between Rs 20 crore to Rs 100 crore. Read more..