Chennai
Chennai commercial space seems to have taken a hit due to uncertain global market conditions. According to Knight Frank India, the Information Technology(IT) sector has witnessed a decline on the use of commercial office space in Chennai. The office market in Chennai is predominantly covered by the IT and IT-enabled services sector. In the first [...] Continue Reading »
Artha has come up with Centurion Avenue, an exclusive development at Thiruverkadu in Chennai. It is just a kilometer away from the Poonamallee High Road. The project has 2/3BHK Luxury Villas, with the built up area of 1350 – 1530 Sq.Ft. which comes at an affordable price range. The project comes with modern facilities like [...] Continue Reading »
Job market slump and poor increments seem to have hit the residential real estate of Chennai. According to international realty firm Jones Lang LaSalle (JLL), suburban Chennai’s residential apartment market is taking the hit with premium and luxury segment are the worst hit. Still, many developers feel that Chennai realty is better off than some [...] Continue Reading »
The Chennai Corporation added more banks to its current list of six banks authorised to collect property tax. Currently the six banks receiving property tax are – Indian Overseas Bank, City Union Bank, Karur Vysya Bank, Canara Bank, ICICI Bank and Axis Bank. Now HDFC Bank and the IDBI Bank are added to the list. [...] Continue Reading »
Unlike the highly fluctuating real estate market of other metros, residential market in Chennai has largely remained stable in the past few quarters. Large scale industrial development in western Chennai has pushed the residential demand thereby increasing the price for residential units. The residential demand in western localities is largely driven by the people working [...] Continue Reading »
Old Mahabalipuram Road (OMR) or Rajiv Gandhi Salai is transforming into a real estate destination from a suburb in Chennai. The setting up of TIDEL Park on Old Mahabalipuram Road (OMR) in 2000 changed the landscape of the area. Premium residential housing market along the belt starting from Madhya Kailash, all the way to Thiruporur, [...] Continue Reading »
Serious flouting of responsibilities of public officials came out in the open in inquiries carried out by Corporation of Chennai. Inquiries have shown that in several cases, assistant revenue officers in the zonal levels do not deposit property tax cheques on time. As a result, residents are fined for late payment. Top Corporation officials suspect [...] Continue Reading »
East Coast Road (ECR) is fast becoming a top residential locality of Chennai. The property values have crossed the mark of Rs 11,000 per sq ft at prime locations near beach and are still on the rise. The expansion of IT/ITeS sector is the main fuel in the real estate growth. Revival of demand for [...] Continue Reading »
The 10th edition of Eyeball’s Budget Home 2012 was recently held at the Chennai Trade Centre. The three-day property expo was organised by Eyeball Media Private Ltd, a prominent organiser of lifestyle events. Budget Home 2012 was designed to offer a wide range of affordable properties to the home buyers. The organisers expected a footfall [...] Continue Reading »
Property consultancy firm Jones Lang LaSalle has reported that in order to attract home-buyers in Chennai, developers are planning several township projects with a host of amenities in the coming months. The existing scenario in Chennai real estate is going to change. The study states that the new ‘game-changers’ include generous landscaping, serene environment, schools [...] Continue Reading »
