Chennai
Nowadays, development of projects are getting delayed because of many factors. It is not always builders’ fault! The factors may range from getting Government approvals on the property, hike in property prices and borrowing rates, unavailability of skilled and unskilled labourers and land acquisition from true owners, etc. The Real Estate Transparency Index 2011 showed [...] Continue Reading »
The residents are spared of to bear stinking sewage overflowing form the pumping station. However, the situations will remain same no more, as the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) will soon be ‘geo-fencing’ all the sewage pumping stations. This Off-Site Real Time Monitoring System will be monitoring the level of sewage in [...] Continue Reading »
Many buyers and investors favour Pune compared to other major cities in case of real estate sector. The main reason is due to hike in property prices, rigid government procedure and less demand in other cities. According to a report presented by Liases and Foras, a real estate research firm, there has been a negative [...] Continue Reading »
Indian cities are now becoming famous with the mad rush of real estate investments made by NRI’s. Same has been assured according to the survey conducted during the 2-day property show organized by Priya Publications and REBI. This revealed that NRI’s especially from US have Bangalore city as their favorite destination for the real estate [...] Continue Reading »
The builders and developers in Chennai are planning to pre-launch their projects which was kept unsold or unused due to major drop in property sales. Only because of the rising interest rates and property price hike nearly half-a-dozen of mega residential projects were on hold. On the occasion of Pongal (festival), the city developers are [...] Continue Reading »
Chennai to soon witness a Rs 110 crore project called ‘Infiniti’ spread over 4.10 lakh square foot in Sriperumbudur area. The complex is 80% complete and rest will be completed by initial 2012. The builder, Vijay Shanthi group says that the project consists of 588 luxurious apartments in the size range of 365 square foot [...] Continue Reading »
Residents living around villages like; Kidangannur, Mallappuzhasserry and Aranmula in Kerala are on a rigid protest against the set up of private airport at Aranmula. Residents claim that this Aranmula land has been illegally grabbed by KGS Group, Chennai based realty promoters. However, KGS group promoters of greenfield project has denied the illegal case booked [...] Continue Reading »
Chennai will be soon welcoming the new market-based guideline values for property registrations. Now that the realty sales are doing good in Chennai city, the scenarios are sure to change once the new guidelines come into effect. Therefore, the builders as well as the property buyers in the city are into mad rush wherein, one [...] Continue Reading »
It seems like nothing happens legally. Land, buildings, parking everything are booked for illegality. Now its turn of the Multi-level car parking that is under legal trouble in Chennai. The first bench justices have issued notice to the Chennai government and Chennai Municipal Corporation (CMC). Question has been raised by the justices to whether these [...] Continue Reading »
The lands which come under Tamil Nadu Urban Land (Ceiling and Regulation) Act 1978 will soon be under surveillance for genuine reasons. Slum dwellers and other citizens residing in nearby areas in Chennai has been opposing the construction of high rise apartment complexes. The complexes are being built in Perumbakkam, off Rajiv Gandhi Salai by [...] Continue Reading »
