Chennai
Chennai- Chennai real estate market has been exhibiting positive signs of growth, especially in the suburban areas, owing to the fast development of sectors including IT, financial services, telecom and other allied services, which are the key economic drivers of the city. A 20-25 percent rise is observed in the number of queries over residential [...] Continue Reading »
Chennai- Traffic police of Chennai have suggested the Chennai Corporation to spot out parking places in important areas of the city to facilitate in putting an end to illegal parking. Around 360 parking lots in 11 different zones have been chosen for the purpose. According to sources, the corporation has planned to carry out a [...] Continue Reading »
Chennai- Leading real estate player of Chennai, Casa Grande, has just launched the largest villa project at Thalambur in Old Mahabalipuram Road (OMR). Spread across 18-acres of land in the city’s IT corridor, the project “Casa Grande Pavilion” will offer 350 residential units including independent luxury villas, twin villas and row houses. The amenities include [...] Continue Reading »
Chennai- Income-Tax Appellate Tribunal (ITAT) of Chennai affirmed that the interest on home loans will continue to be out of the tax net despite the property gets sold later on. The interest paid on loans is surely an expenditure that should be taken into account while computing the income from housing property as well as [...] Continue Reading »
Chennai- According to a report by Knight Frank, in next five years Medavakkam is expected to outscore other residential hubs with regard to real estate property. Medavakkam is among 13 top investment destinations to appreciate more than 90 percent. The survey has taken a number of things into consideration such as lifestyle change, job creation [...] Continue Reading »
Chennai- The city’s dumping yards- Perungudi and Kodungaiyur- filled with smoke, stench, pollution, illness, dislocation and protest have become a view of distress. The Chennai Corporation is in the final stage of finding a way out to its problem of garbage accumulation. People residing in localities in the vicinity of dumping yards forced the civic [...] Continue Reading »
According to Knight Frank report, the real estate sector will continue to remain a good investment destination with properties in several residential areas in selected cities likely to appreciate by 91-145 per cent over the next five years. High possible return on investments ranging between 18.6% and 29% per annum over the next five years [...] Continue Reading »
Chennai- The monitoring committee of the Chennai Metropolitan Development Authority (CMDA) appointed by the Madras High Court has sought more clarity and judicial sanction from the state government before regularizing buildings that came up before July 1, 2007 A new set of guidelines was announced by the government early this month, under Section 113-C of [...] Continue Reading »
Owing to abounding investments of non resident Indians (NRIs), alluring offers provided by the builders and changing lifestyles of buyers, the demand for luxury housing market is gradually cheering up in the metros. The demand for luxury and ultra-luxury homes is growing, particularly for those ranging between Rs 1 crore to Rs 20 crore, or [...] Continue Reading »
Chennai- For over a decade, the residents of Vellala Street in Mogappair have been seeking for an underground sewage system be built in the locality. Residents’ associations had sought the help of Madras high court and used RTI appeal in order to start the project soon. As there is no choice, the residents are depending [...] Continue Reading »
