Chennai Properties
Unlike the highly fluctuating real estate market of other metros, residential market in Chennai has largely remained stable in the past few quarters. Large scale industrial development in western Chennai has pushed the residential demand thereby increasing the price for residential units. The residential demand in western localities is largely driven by the people working [...] Continue Reading »
Property consultancy firm Jones Lang LaSalle has reported that in order to attract home-buyers in Chennai, developers are planning several township projects with a host of amenities in the coming months. The existing scenario in Chennai real estate is going to change. The study states that the new ‘game-changers’ include generous landscaping, serene environment, schools [...] Continue Reading »
Residential property prices have been steadily rising in Chennai for the last couple of years. Central Chennai areas like Boat Club and Poes Garden have seen the highest price rise. . Other prominent locations include Nungambakkam, T Nagar, Mylapore and RA Puram. Most of the residential developments in the central locations are bungalows and independent [...] Continue Reading »
Evocon, a group company owned by Chennai-based VIP Housing, has recently launched Space Aura, a residential apartment project at Navalur, OMR, Chennai’s IT corridor. The project covers an area of 1.17 acres will offer 76 luxurious residential apartments. The project offers apartments comprising 2BHKs and 3BHKs of sizes ranging between 854 sq ft and 1,577 [...] 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 committee, set up under the directions of the Madras high court, recommended stringent action against 200 buildings in the Chennai Metropolitan Area for construction violations. The action will involve sealing the properties until they demolish the illegal floors added to the structure. Of the 200 buildings shortlisted for action, 48 have been under scrutiny [...] Continue Reading »
Buying a house along the beach around Chennai is the new trend among those looking for an investment away from the city. This trend has led to development of the East Coast Road (ECR), Old Mahabalipuram Road (OMR), and the Grand Southern Trunk (GST) Road. While OMR Chennai has highrise buildings, ECR Chennai has sprawling [...] Continue Reading »
Real estate builder Landmark Construction has come up with Vertica, a range of premium luxury apartments and duplexes at the heart of Chennai. The total project cost is Rs. 261 crore. “Vertica” is coming up on 21.25 grounds on the Peters Road in Gopalapuram, the heart of the Chennai city. It is 17-storeyed complex and [...] Continue Reading »
Demand is moving towards the suburbs due to better infrastructure, larger floor area, lower rentals and parking facilities. Developers are exploring the potential in many western and northern suburbs too. The construction industry is gearing up to meet the housing needs of the evolving suburbs which have become a new haven for all sections of [...] Continue Reading »
Lonely senior citizens have become the target of land sharks who enjoy the support of politicians. The senior citizens say Land Mafia have been threatening them to sell their land for building a multi-storeyed commercial-cum-residential complex. A police officer said that land sharks were active since land prices in Besant Nagar had soared to more [...] Continue Reading »
