Apartments in Chennai
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 »
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 »
The resale real estate market in Chennai is showing improving signs. Midst the rising property price and affordable range apartments in Chennai, the property resale market is hot and happening now! This was discussed in a two-day event for resale homes sponsored for the first time by HDFC in Chennai. HDFC, leading banking sector is [...] Continue Reading »
Attention, citizens of Chennai! The power board in Chennai has announced to suspend power supply the upcoming week. The power cuts throughout the city will be from 9am and 5pm especially during the weekend. In order to keep track of maintenance work of power supply, areas in Chennai such as Koyambedu Nagar, Srinivasa Nagar, Thiruveethi [...] Continue Reading »
Building or constructing a house is no big deal in India today, however the main concern lies with the safety of house. The safety of houses is right now alarming in minds of citizens in Chennai. The recent strong earthquake tremors in Chennai has raised the safety fear in citizens of Chennai. Especially, people living [...] Continue Reading »
The Chennai Corporation has planned to construct over 5,000 rainwater harvesting structures across the city. According to a corporation official, the structures will be constructed at 30-metre intervals at every third storm water drain inlet. A bore well pipe would be placed inside the inlets. Sand and blue metal would be filled in the pipe [...] Continue Reading »
Not only cities like Bangalore and Mumbai are facing traffic congestions, the scenario is same even at Chennai. Today, with the fast growing infrastructure and real estate in Chennai has become more congested. The citizens of Chennai are heading towards the outskirts of the city to the places like Kattankulathur and Urapakkam. Affordable prices of [...] Continue Reading »
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 »
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 garbage and sewage stench is unbearable for the residents of localities in Chennai. The residents belonging to Choolaimedu in Chennai say that they lack proper ventilation due to the presence of garbage and sewage flow adjacent to their houses. The residents are scared to open doors and windows of the house as the stagnant [...] Continue Reading »
