Chennai
The six-year-old real estate joint venture of Hyderabad-based Ramky Group, a well-known name in the field of waste management and infrastructure development, is planning to bring an additional Rs 70 crore into the ventures soon. The Ramky Group and Wavoo Realty, the two equal partners in the joint entity RWD (Ramky Wavoo Developers Pvt. Ltd.), [...] Continue Reading »
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »
Real estate developer True Value Homes India has announced a Rs 600-crore super premium apartments project ‘Quadrant‘ in Chennai on Monday. Chairman N Ravichandran said the firm will begin its construction on the 18-storeyed building this week. He also said that Quandrant will have about 100 units with a size of 2,000 sq ft to [...] Continue Reading »
A resolution has been passed by the Chennai Corporation recently, which talks about constitution of a committee for assessment of property tax in the city. Now, the Additional Commissioner (Revenue and Finance) of the Corporation has been given power to assess property over 50001 sq ft in both residential and non- residential domain. Additional revenue [...] Continue Reading »
SPR&RG Constructions Pvt Ltd, a fast growing real estate player in the city of Chennai is planning to construct a new project called Osian Chlorophyll, located at Porur, Chennai. The firm is engaged in acquisition and development of residential and commercial real estate apart from executing infrastructure projects. The project is being developed on greenery [...] Continue Reading »
Affordable homes are now available in Oragadam, Chennai, launched by Value & Budget Housing Corporation (VBHC), which spreads over 30 acres of land. The scheme VBHC Vaibhava is the maiden project of VBHC, which is connected to the industrial hubs of Sriperambudur and Oragadam and will be completed in two phases. The first phase is [...] Continue Reading »
Real estate index has been on a rise in three main cities of Southern India- Hyderabad, Bangalore and Chennai. Around 45% of commercial office spaces and 56% of mall spaces will be contributed by these main cities of South India between 2012-16. Also, in the residential sector, the cities accounted for one-third of the country’s [...] Continue Reading »
Apartments in Chennai have been witnessing a shortage in water supply in recent times. Residents are seen complaining over low pressure in drinking water and piped water supply. Apart from this, Chennai corporation did a survey of 2,503 locations for chlorine levels in water and found 76 places without much level of chlorination. Mogappair West [...] Continue Reading »
Shri Kailash Logistics Limited is planning to set up a 50-acre logistics park in close proximity to the the Chennai-Kolkata highway. The group is also planning to set up similar project in Bangalore, Coimbatore, Pune and Kochi. The company had planned an investment of Rs 320 crore in expanding its logistics business. They has already [...] Continue Reading »
The luxury hospitality player Hotel Leela venture has planned to open five new properties over the next five years. Currently, the hotel chain operates seven properties, out of which five those in Mumbai, Bangalore, Goa, Udaipur and New Delhi are owned by it, while the recently launched Gurgaon property and Leela Kovalamm, one of its [...] Continue Reading »
