Chennai
It is observed that the Chennai residential property prices have shot up by threefold in four years. Areas like Ashok Nagar, Anna Nagar and T Nagar have boosted the price increase. Started in 2007 the real estate market has grown slowly but steadily. The demand for residential units in Chennai is likely to see a [...] Continue Reading »
In a report by a global property consultancy firm it is came to know that Hyderabad, Chennai and Pune are among the top five cities in the world with the lowest office occupancy cost. Total occupancy cost includes real estate price, infrastructure and efficiency of buildings. Costs have come down in these three cities because [...] Continue Reading »
Chengalpet Municipality has constructed a bus terminus for the benefit of the residents of the area. Chengalpet is a major town in Chennai where many government offices, including district court, municipality, government schools for higher levels and government general hospital, are located. The terminus is a vital link for residents from more than 100 surrounding [...] Continue Reading »
Low-lying high tension (HT) power cables can be touched from roof tops of various apartments in Chennai. According to norms, all overhead cables should be replaced with underground ones wherever possible. But in many areas like Cantonment Pallavaram, Pammal, Anakaputhur and Nagelkeni in Chennai, the HT power lines can be seen on the top of [...] Continue Reading »
Implementation of waste management projects will be mandatory for residential apartments in Chennai. The Chennai Corporation is working on a proposal for compulsory source segregation of waste material at large residential apartments in the city. If the residential complexes do not initiate these projects, they will be fined, as per a senior corporation official. The [...] Continue Reading »
As the builders are claiming that the delays in project clearances are raising the cost of projects, the Chennai Metropolitan Development Authority has planned to introduce an automated system to scrutinize building plans. Scrutinizing building plan takes 3 to 5 days when done manually. While computers will run through the soft copy of the plans [...] Continue Reading »
Three real estate builders DLF, Hirco and Hiranandani, have been removed from the builder’s body, the Confederation of Real Estate Developers’ Association of India (CREDAI) in Chennai. The builders were expelled as they were opposing to sign the organization’s ethical code of conduct, mandatory for all the 8,600 members spread across 105 cities in 22 [...] Continue Reading »
The real estate market in southern India has been growing rapidly. A global real estate research firm has reported that the growth of the real estate in India has witnessed the sharp rising due to multiple factors. The south Indian real estate market has done well in meeting the demand for office spaces and affordable [...] Continue Reading »
DLF known as the largest real estate builder in India, has planned to launch its own Fire brigade service to protect its properties. At present they are planning to set up the service only in Gurgaon and in Chennai. Three fire stations will be set up in NCR city as they have properties almost in [...] Continue Reading »
The Tamil Nadu government has planned to construct 2104 green houses in Krishnagiri district. These apartments in Chennai and other areas will be constructed under the Chief Minister’s Solar-powered Green House Scheme. The minister has also confirmed that all the construction will be completed by July 30th. The total cost of the construction will be [...] Continue Reading »
