Chennai
A massive redevelopment plan has been planned by Tamil Nadu Housing Board (TNHB) at various localities in Chennai city. Apartments in Chennai at areas like Foreshore Estate, Nandanam, Kilpauk and Saidapet will come under the redevelopment plan. The Tamil Nadu Housing Board will develop around 4,691 highrise apartment complexes with the budget estimation of Rs [...] Continue Reading »
The Tamil Nadu Housing Board (TNHB) planned to construct residential apartments for tenement purpose. The board has estimated Rs 1500 crore as total cost of the construction. To fulfill the demand for residential apartments in the state, the board will construct 3662 apartments in Sholinganallur and 500 apartments in Kancheepuram, Thanjavur, Tiruchi, Madurai and Tirunelveli [...] Continue Reading »
Increase in price of LPG cylinder has made people desperate to steal it as some of them could not afford it. Recently thieves in Royapettah, Chennai instead of getting away with gold or other valuables made away with a LPG cylinder from a house. When the owner, an old woman tried to snatch it, they [...] Continue Reading »
The rocketing prices of properties in Chennai has made property buying a distant dream for the lower and middle class population in Chennai. Follow up to this not many of them are interested to invest on property with hiking rates. Therefore, to balance the real estate market in Chennai city, the state government has announced additional floor [...] Continue Reading »
The unbearable stench and unpleasant view of overflowing garbage has made up the mind of Chennai Corporation. The corporation has started putting the blue corrugated iron sheets needed to cover the garbage bins along with grouping of garbage bins. The mayor has directed to implement the bins in around 1,293 locations in seven zones. In [...] Continue Reading »
Though the real estate market in India saw a good rate of sales of apartments in 2011, the property market in Mumbai witnessed a downfall in property sale. The major reasons of less number of sale of apartments in Mumbai are the high price of apartments. On the other hand the demand for new apartments [...] Continue Reading »
The area of the Chennai city has grown around 250% in times. But the tax collected by the city corporation has been dropped by 5% in last fiscal year. The officials say the technical problem and the stuff crunch are main causes for the less collection of tax. Till march 31, the tax collection target [...] Continue Reading »
The real estate industry is already under tremendous pressure due to high interest rate, increasing input cost and overall low sale ratio. The new concern for the builders in metro cities are the acute shortage of labour. The real estate in Mumbai, Hyderabad, Chennai, Bangalore are hit hard by the shortage of labour. Analysts says [...] Continue Reading »
Bangalore and Chennai are the cities in South India to see upcoming residential developments.The mind-boggling rise in demand for properties in Bangalore and Chennai is mainly due to the enormous migration of IT professionals to the city. Property is the safest bet after gold as far as investment is concerned. The residential and commercial properties [...] Continue Reading »
