Adyar
Discounts and offers from real estate developers are common but during this Navaratra the real estate developers are offering huge discounts and flexi payment scheme to attract buyers. The reasons behind this response are that the real estate market is noticing oversupply. As per Cushman and Wakefield there was 12 percent decrease in new launches [...] Continue Reading »
Unfinished JW Marriott Hotel in the city are being pulled down by the City builder Ceebros which have been bought for 480 crore last year from Hyderabad-based Viceroy Hotels. The hospitality sector in Chennai is going through a serious disaster with low occupancy in most five-star hotels, due to this reason Viceroy Group sold the [...] Continue Reading »
A property belonging to film producer and director Gautham Vasudev Menon in Adyar is at auction by The Kotturpuram branch of Indian Bank which is also inviting tenders for it. The auction process for the property located on First Main Road in Indira Nagar, has begun with the tender value being quoted at 12.26 crore, [...] Continue Reading »
Real estate potential of Adyar has been appreciating owing to its affordable prices, sound infrastructure and proximity to Tharamani, Besant Nagar and Guindy. For those who cannot afford to invest in the central areas of Chennai like Anna Nagar, Kilpauk, Puruswalkam, etc Adyar is a good choice. The large neighborhood of Adyar is situated towards [...] Continue Reading »
Chennai- Traffic police of Chennai have suggested the Chennai Corporation to spot out parking places in important areas of the city to facilitate in putting an end to illegal parking. Around 360 parking lots in 11 different zones have been chosen for the purpose. According to sources, the corporation has planned to carry out a [...] Continue Reading »
Old Mahabalipuram Road (OMR) or Rajiv Gandhi Salai is transforming into a real estate destination from a suburb in Chennai. The setting up of TIDEL Park on Old Mahabalipuram Road (OMR) in 2000 changed the landscape of the area. Premium residential housing market along the belt starting from Madhya Kailash, all the way to Thiruporur, [...] Continue Reading »
In a rare occurrence that has had reverse effect on the escalating prices of apartments, a big luxury apartment project launched by TVH Group in Adyar seems to have set a new trend. TVH has brought down the prices by 16% where in the earlier prices were 16000 per sq. ft. It was a calculated [...] Continue Reading »
The water supply at several localities in Chennai is going to hit worse this summer! According to Chennai metropolitan water supply and sewerage board (CMWSSB) the 42 local bodies who merged with Chennai corporation need atleast 6 months to clarify technical defects to ensure smooth and regular water supply in the city. The residents staying [...] Continue Reading »
The redevelopment work of around 50 apartments in areas like; Anna Nagar, Besant Nagar, Shanthi Colony and Adyar are paused in legal battles. The issues between apartment owners and the Tamil Nadu Housing Board (TNHB) has left the apartment owners stay in rented houses. The issue is all about implementing a 10 percent increase the [...] Continue Reading »
Chennai Corporation in a step to minimize the property tax assessment and collection procedure has come up with a new idea. The authority is soon going to launch a GIS based survey system for property tax. Soon, the corporation has plans of calling for tenders for property surveys in Adyar zone having 13 wards. About [...] Continue Reading »
