Chennai
Where is Hyderabad in investors’ list? It seems like the builder-friendly policy’s efforts are too less in attracting the investors in real estate sector. Political turmoil! Yes, this has been blocking the way of the policy. The unlimited Floor Space Index (FSI) in Hyderabad is definitely coined as the best in the country. However, keeping [...] Continue Reading »
It has been traced that several thousands of commercial space is lying idle in many cities like; Chennai, Pune, Bangalore, Kolkata, Delhi NCR. Developers in these cities have built up many buildings in huge spaces which is hardly being used. Real estate experts say that the commercial real estate market all over India is facing [...] Continue Reading »
Emami Group claimed to have spent more than Rs 200 crore in Chennai, Kolkata, Hyderabad, Coimbatore and Jhansi to develop residential and commercial complexes in large scale. Emami chairman say that they are hurrying to lap up huge construction projects in order to close the present land deals by end of 2012. Also they [...] Continue Reading »
Poor civic works in Chennai city is reflecting Chennai Corporation’s lack of planning. Un-necessarily funds are being released for the road construction and road repairs. Chennai Corporation officials themselves claim that only 1 percent of the project for a new roads is sufficient, however they still spend around Rs 100 crores to repair and relay roads. [...] Continue Reading »
Now the mayor is thinking in a right pace! After heavy rainfall has damaged the roads in Chennai, the municipality has plans of replacing to concrete roads in place of tar roads. Mayor feels that the common people are ignored when government is framing city infrastructure plans. So, also to create an awareness among the [...] Continue Reading »
Chennai Metropolitan Development Authority (CMDA) were busy sealing and demolishing the buildings in Chennai city. Multi-level commercial buildings at Parry’s corner and residential buildings in Tiruvanmiyur were also listed in the demolition and sealing drive. The monitoring committee’s instruction lead CMDA to act against illegal property in the city. A four-story commercial building on Armenian [...] Continue Reading »
Whole of India is fed up with the rising property rates meanwhile, Chennai witnessed a highest rise in property sales. Chennai’s central business district say price increase is only due to surging demand. Chennai hotspots like; T Nagar, Nungambakkam, Adyar, Anna Nagar and Kilpauk have witnessed raising property sales despite economic slowdown, inflation and high [...] Continue Reading »
Residents in Nandambakkam, Chennai have been flooded by water flowing from Adyar river. Nearly 50 houses in this colony were flooded following two days of continuous rainfall. The construction of runway across the Adyar river is traced to be the reason for the water-logging, leaving the construction work restrained due to the free flow of [...] Continue Reading »
Isn’t this an irony? People here in India are worried with the property price hike and the NRI’s are on cloud nine making good money from the ancestral property holding roots in India. An NRI residing in California grabbed a throw away price for the ancestral property in Chennai. Meanwhile the NRI appreciates the booming [...] Continue Reading »
Mumbai based developer Hiranandani Constructions is all set and ready to invest Rs 3,000 on various realty projects across the country. Hiranandani Construction experts say they would be investing nearly Rs 2,000 crore to Rs 3,000 crore for many new launches by the end of 2012. The company will be investing on residential and hospitality sectors [...] Continue Reading »
