Chennai
For the past five days, residents and commuters who are passing by Narayana Guru Salai are facing problem due to the overflowing of dark liquid stands in front of St. Paul’s Church which is of 150years old. Few areas like General Collins Road, Hunter Road and E V K Sam path Salai are always flooded [...] Continue Reading »
Promotion being one of the strongest weapons to market a project increases the visibility of the project. Akshaya Pvt Ltd launched its 150th project, which is the tallest residential tower of Tamil Nadu two weeks ago. This event was launched in order to mark the innovation and even its larger-than-life allure. A 15 ft high model of [...] Continue Reading »
In a recent launch by the Chief Minister J Jayalalithaa in Tamil Nadu, a housing scheme for police personnel has been initiated as a part of the government’s resolve to cater comfortable dwelling units for the uniformed personnel. The foundation stone for the construction of about 2,673 multi-storeyed dwelling units under the first phase of “Own [...] Continue Reading »
Here is another new tactic to attract the buyers; One of the most noted Chennai-based Landmark Construction group has recently initiated a fully-furnished, apartment project in the ultra-premium segment with a new concept called “walk in and live” projects. This new concept allows the buyers to get a fully furnished flat along with electrical appliances [...] Continue Reading »
The Corporation of Chennai has asked the government for permission to cut water and power supply for the property tax defaulters. An official said, only 40 % of property owners in the city pay tax for the premises they own. Generally, property tax is paid once every six months, but the corporation allows defaulters to [...] Continue Reading »
The 4.85 acre plot Madras Race club Guindy has been bidded for Rs 260 crore by Mahindra Lifespaces, part of the Mahindra & Mahindra Group. The land value is Rs 3 crore per ground. The other two bidders were Arihant of Chennai and RMZ from Bangalore. Madras Race Club instructed that international real estate consultants [...] Continue Reading »
Chennai witnessed the highest absorption of office space at 1.32 million sq. ft in the third quarter of 2012 while Bangalore and Hyderabad witnessed an absorption of 1.25 million sq ft and 0.50 million sq ft respectively, according to a report by Cushman & Wakefield. The report said that this trend is due to the [...] Continue Reading »
South Chennai is coming up with a number of new township projects for possession or nearing possession. These new projects offer a variety of property types ranging from multi-storey apartments, builder floor apartments, independent villas and plots, priced at Rs 2500-3700 per sq ft. An appreciation of 30% has been witnessed since the projects were [...] Continue Reading »
Edelweiss Housing Finance to introduce housing loans of less than Rs 10 lakh in Madurai. The firm target the low income group and those constructing their own homes in Chennai suburbs and small towns and in Tamil Nadu. The target of the plan is to focus on self employed and small and micro entrepreneurs and [...] Continue Reading »
Property developer Akshaya Homes and Kotak Realty Fund have reportedly signed an agreement to develop Kotak’s 20-acre plot on Old Mahabalipuram Road (OMR), Chennai. As per the deal, Akshaya will take possession of 80 per cent of the developed land on completion of the project and Kotak will possess the rest 20 per cent. The [...] Continue Reading »
