Chennai
‘Ashraya,’ a premium residential project, has recently been launched at Thoraipakkam by leading Chennai-based developer BBCL, which is part of the Vummidi group. The location of the new project at Thoraipakkam is just off OMR, Chennai’s IT Corridor. The ‘Ashraya’ residential project will come up in the vicinity of the AKDR Golf Village. The project [...] Continue Reading »
Chennai Airport sources have revealed that the privatisation of the airport has been postponed till the new government – to be led by Narendra Modi – assumes office at the Centre. It was earlier being expected that the privatisation of the Chennai airport will likely be finalized in April; but the move was deferred by [...] Continue Reading »
Approximately 550 acres of land has been acquired by Mahindra Lifespace Developers Ltd in north Chennai. At the recently acquired 550-acre land, the company – which is the Mahindra Group’s realty division – will reportedly set up its second integrated business city in the state-Mahindra World City. Mahindra Lifespace is likely to commence work on Phase [...] Continue Reading »
Kamarajar Port Ltd has it’s eyes on setting up one of the best and state of the art special economic zones across surplus land available in its kitty, says MA Bhaskarachar, Chairman and Managing Director, Kamarajar Port. In Chennai, the port is known to be a major one along with the famous Chennai port and [...] Continue Reading »
As per Masanori Nakano, the Japanese Consul-General, the comprehensive integrated master plan for development of Chennai Bangalore Industrial Corridor (CBIC) will be ready by March next year. Speaking to the gathering on the silver jubilee celebrations of Indo-Japan Chamber of Commerce and Industry (IJCCI) in Chennai, he said that the number of Japanese companies in [...] Continue Reading »
The country’s largest manufacturer of hydraulic, industrial and automotive hoses, Polyhose India has gained 86 acre land parcel which earlier belonged to Presidency Kids Leather, nearby Chennai. Under the SARFAESI Act the land was acquired through an auction conducted by Syndicate Bank. The deal size is said to be close to Rs 100 crore, including [...] Continue Reading »
The real estate development wing of the Godrej Group is going to develop the residential project at Padur, Old Mahabalipuram Road (OMR), near Siruseri IT Park, in Chennai. The project is spread over 7 acres and will provide approximately 1 million square feet of saleable area and will be established as a modern housing residential [...] Continue Reading »
Ex World Bank’s President James Wolfensohn’s private investment fund has sold 5.57% of Chennai oriented home financing company Repco Home Finance for about Rs 112.59 crore in an open market deal. A Wolfensohn Capital Partners fund sold 34, 64,000 equity shares for Rs 325 per share. AS per the shareholding pattern available on the stock [...] Continue Reading »
The auto components manufacturing conglomerate, Rane group, has appointed the international property consultants Jones Lang LaSalle (JLL) India as its advisor for the transactions. As per the press release the property on the 100 ft road is very well located for residential development. The built up residential space in the vicinity can fetch around Rs. [...] Continue Reading »
IIT Madras has recognized a centre for technology and policy to deal with development troubles and help technology innovators work more efficiently in a given policy setting. The centre will exemplify on IIT Madras faculty proficiency and its own research staff. This will facilitate consultation and networking with policy makers, industry, investors and various other [...] Continue Reading »
