Chennai
CHENNAI: The Chennai Metropolitan Development Authority (CMDA) tasked to solve unlawful development in the city has clasped and sealed a maximum of 15 so buildings a year since 2017. This when there are objections about at least 1,000 such illegal buildings scattered over the Chennai Metropolitan Area (CMA), which holds the city proper and neighborhoods in Kanchipuram, [...] Continue Reading »
CHENNAI: Joint venture housing projects delayed by financial restraints can exchange support for fulfillment if a bulk of the homebuyer’s approvals. Entreating procurement in the Real Estate Act, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has expedited the transferal of an ongoing project at Coimbatore to a distinct developer, after the project postponed with [...] Continue Reading »
State Bank of India (SBI) and Finance Ministry (MoF) are exploring for a legal frame where the suggested Alternative Investment Fund (AIF) for strengthening delayed housing projects will have the first charge on assets and cash flow of companies getting funding. That will finance 1,600 delayed housing projects carrying 4,58,000 housing units across the country. [...] Continue Reading »
Inaugurating the program for revenue divisional officers of nine districts in Trichy Region, District Revenue Officer (DRO) T Shanthi said that the time for registration of the Tenancy Agreement has been extended and citizens are hereby directed to register their Tenancy Agreement on or before 18th September 2020 in compliance with the New Tenancy Act, Tamil [...] Continue Reading »
A day after declaring Rs 25,000 crore Alternative Investment Fund (AIF) for stalled housing projects by FM Nirmala Sitharaman, has made it clear that residential housing projects facing litigation in High and Supreme Court will not be cover under this funding plan. At the same time, the government suggested homebuyers to interact with lenders for [...] Continue Reading »
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
True Value Homes, a Chennai-based residential developer, will launch TVH Titanium City Phase 1, a 25-acre layout with plots of 600 to 2400 Sq.ft. The project is close to Mannivakkam Lake. Mannivakkam, located west of Tambaram on the State Highway connecting GST to Oragadam from Vandalur junction. With this project, TVH is entering a new [...] Continue Reading »
Chennai based Amarprakash Developers launched its project Amarprakash’s Temple Waves – Phase 4 near Chrompet, Chennai. The project offer 2 BHK Homes at Rs 19.99 Lakhs Onwards and 3 BHK Homes at Rs 36 Lakhs Onwards.Temple Waves is a unique masterpiece that is outlined to sculpt your kid’s future. It includes 66 incredible and intellectual [...] Continue Reading »
Vasavi Housing & Infrastructure Limited, a Chennai based Property Development entity, launched its mega project Vasavi Ingai in Poonamallee Chennai, a western suburb of Chennai. Spread across 6.5 Acres (approx), the project will consists 412 residential apartments in 5 blocks a mix of 2BHK, 2BHK + Study Room, 3 BHK range between 552 sq ft [...] Continue Reading »
Urban Tree Infrastructures Pvt Ltd, Chennai-based property development company, to build Urban Tree Superb in Urapakkam, neighborhood of Chennai. The project offers 1, 2, 3 BHK and expected to complete the project by December 2016. The location, Urapakkam, a fast appreciating locality of GST Road Chennai with proximity to top schools and colleges, leading hospitals [...] Continue Reading »
