Chennai
The Tamil Nadu Housing Board has announced to give buyers a final chance to pay their due payments for the property allotted to them. In a press release, the Housing Board had cancelled the allotment of land, apartments and individual houses to buyers who have not paid three monthly installments consecutively. The government has given [...] Continue Reading »
The Value & Budget Housing Corporation (VBHC) has planned to launch six budget housing projects in the country by the end of this year. The group has planned to construct two residential projects in Mumbai, two projects in Delhi and one project in Bangalore and one in Chennai. The first project in Bangalore by the [...] Continue Reading »
The builders, developing the mega city in Chennai are struggling to prevent the burglary of construction material from the work site. As a result, the builders are not showing interest to participate in the technical bid for the township projects by the Chennai Corporation. According to corporation officials, small contractors are spreading rumors of possible [...] Continue Reading »
The vacancy rate of the office space in the real estate market in Chennai is growing. Seeing the trend, builders are moving towards the residential space for sure returns. It is reported that more than 30 percent of the office spaces are lying vacant in the peripheral areas such as Old Mahabalipuram Road (beyond Perungudi) [...] Continue Reading »
Real estate market in Chennai was predominantly a market for 2BHK and 3BHK apartments. According to a recent survey, it is reported that villas in Chennai are more in demand than conventional apartments. The report also revealed that the demand for luxury and studio apartments is also catching up in Chennai. The report has said [...] Continue Reading »
The state government of Tamil Nadu has planned to set up a Tamil Nadu Infrastructure Development Board to expedite the real estate projects in the state. According to the proposed Tamil Nadu Infrastructure Development Act, 2012, the development board will be the nodal agency to coordinate Government efforts in the infrastructure sector. The main aim [...] Continue Reading »
Pushkara, the premium lake view residential apartment complex at Old Mahabalipuram Road (OMR) Chennai, has been launched by the Marg ProperTies, the real estate arm of Marg Limited. Pushkara will be constructed over an area of 3.84 acres and will comprises 204 homes including Studio (1 BHK), 2 BHK and 3 BHK apartments over five [...] Continue Reading »
The Tamil Nadu Chief Minister, J Jayalalitha, announced that the personnel of Police Department, Fire and Rescue Services Department and the Prisons Department in the state would get their own houses as promised earlier. Jayalalitha said that 36,000 residential apartments will be built on non-profit basis. 10 acres of land in every district will be [...] Continue Reading »
The well known real estate developer House of Hiranandani having a land parcel of 140 acres in Bangalore and 110 acres in Chennai is right now planning to develop property. The Hiranandani top company executive say that they are planning to develop property understanding the property buyer’s preferences. The director at House of Hiranandani say [...] Continue Reading »
Navin Housing, a Chennai based leading property developer who is giving excellent realty projects in Chennai, recently announced their 100th project. Navin Housing’s 100th realty project is at Porur-Kundrathur Main Road in the western suburb of Chennai. This is a residential project comprising of ground plus eight floors, 80 apartments with two and three BHK [...] Continue Reading »
