Chennai
The Indian cities are rushing to prepare master plan for the overall development in real estate, retail and infrastructural growth of the city. Similarly, recently the Tamil Nadu government has decided to roll out a master plan looking forward for well infrastructured and planned Chennai city. Under the guidance of Urban Development Plans Formulation and [...] Continue Reading »
The Xander group has paid Rs 200 crore to buy an IT office building in Chennai. Appaswami real estate sold the property to the investment firm. The commercial building is located at Old Mahabalipuram Road. Being an IT corridor, any property in the location is high in demand as these will be revenue generating assets [...] Continue Reading »
The private equity wing of the investment firm Xander Inc has invested $40 million in a pre-leased IT Park on Chennai. The project will be constructed by the Appaswamy Real Estates Ltd (AREL), a Chennai based developer. The PE firm will hold 100 percent equity stake of the project. The project will be developed in [...] Continue Reading »
The real estate guidelines in Chennai state has been revised! The Tamil Nadu government has notified rates for registration of properties in Chennai city. According to the realty experts the Tamil Nadu government has overtaken by 10 to 45 percent. These fresh guidelines has been revised after a gap of five years according to prevailing [...] Continue Reading »
The Prestige Estates Projects aiming to sale Rs 2000 crore real estate projects in this financial year 2012-13. The real estate construction firm has launched many projects across the country. Among the projects the Bella Vista in Chennai is performing good. As of date the group has sold more than 1300 apartment out of 2600 [...] Continue Reading »
The Chennai Corporation has ordered the builders and the property owners not to use the public road space to store construction material for their construction work in Chennai. The corporation also ordered the engineers to take action against those who have dumped sand and other construction material on the roads. The residents also have to [...] Continue Reading »
The guideline value of the properties in Chennai are 10 to 45 percent less than the actual market price. After five years the Chennai government has revised the Guidelines values last year. This value is used by the government to access the value of the property for collecting the service tax. Growing demand for housing [...] Continue Reading »
The Chennai government has started the shared autos scheme in Chitlapakkam Town Panchayat and parts of Sembakkam Town Panchayat. The initiative was taken after the constant demand by the local residents. At present three vehicles of Tata Magic make are out from Mahalakshi Nagar bus stop on Velachery Main Road to Tambaram Sanatorium railway station. [...] Continue Reading »
A building which was constructed more than a year in West Tambaram Chennai is yet to see its inauguration. A total of Rs 4.5 lakh was spent on its construction which is located on Second Street, CTO Colony, in Ward No. 32 of Tambaram Municipality. It was built to house a fair price shop which [...] Continue Reading »
Earth Day has been a motivation all over the world to keep the locality clean and dirt free. Residents in Chennai also motivated did their part by cleaning up their neighbourhood, beaches and locality. But experts say that these one day will hardly put any impact in residents’ mind and they should work on daily [...] Continue Reading »
