Chennai
There is some good news for the commercial real estate developers as the office space absorption rose by 16 % during the first six months of this year. The property consultant Cushman & Wakefield (C & W) in a report mentioned that about 13.4 million square feet of office space in eight major cities were [...] Continue Reading »
Tamil Nadu Chief Minister J Jayalalithaa said in a Tuesday announcement that the government has plans underway to develop a new self-supporting residential township in Kadambur near Maraimalai Nagar in suburban Chennai. Kadambur is located at a distance of 50km from Chennai; and is in close proximity to Maraimalai Nagar which has emerged as a [...] Continue Reading »
The Porur flyover work had been stopped for more than two years. The work had been put to hault due to the urgent need to bring in a change in the design of the flyover. The state highways department has recently tried to begin a fresh effort in order to restart the Porur flyover project. [...] Continue Reading »
Unfortunately, every major scam in the country during the past few years has a real estate component. May be because the investments are high and the regulations are poor to stop such scams in the real estate sector. Adarsh happened because retired Army men and babus could not muster the will to give away a building in tony [...] Continue Reading »
Shri Kailash Logistics Limited (SKLL) is well on its way to execute its broad expansion plans. They’re in talks with a couple of PE players to raise the necessary resources for expansion. SKLL’s motivation for this is simple – they want to quickly establish themselves among the very best in logistics in India. SKLL’s immediate [...] Continue Reading »
One of the most posh residential areas in Chennai is Nungambakkam, which marks a much preferred location of the city’s well-known personalities. The Nungambakkam residential area in North-West Chennai underscores an elite and upscale locality, which houses the residences of well-settled businessmen, moneyed CEOs and VPs of prominent IT firms, and famous politicians. The biggest [...] Continue Reading »
Call it the need of the hour or the much needed aspect of development, civic officials have woken up to the fact that Amma’s city needs a make over, come what may. It was on Saturday when residents along Harington noticed the first signs of development, a make over to begin with happening. Sources opine [...] Continue Reading »
Right in front of the Chennai Railway station, the metro railway has recently started to re-jig the city’s sky line. Poonamallee High Road is located just opposite the Central railway station and this is exactly where the Metro rail has started to acquire and clean land. In order to make more space for the railway [...] Continue Reading »
‘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 »
Subsequent to Enforcement Directorate charged its join owners Mr Shahid Usman Balwa and Mr Vinod Goenka with money laundering in the 2G scam along with more than a dozen other accused, DB Realty shares plunged more than 5.5 per cent. On the Bombay Stock Exchange, The stock ended at Rs 70.65, down 5.10 per cent. [...] Continue Reading »
