Chennai
Chennai City is witnessing a change in the concept of development of large-scale projects with the entry of big developers from outside the city planning integrated townships here. Old Mahabalipuram Road (OMR) has attracted most of the real estate development in Chennai in the last 3 years after being declared as the Chennai IT Corridor. [...] Continue Reading »
Stray dog menace plagues residents of Erode town, as the authorities here have failed to initiate any concrete efforts to control the menace. Due to this, people in many residential colonies in the town live in constant fear and hesitate to venture out after dark. At least 20 to 25 dogs can be found on [...] Continue Reading »
Residents of kalakshetra road thiruvanmiyur chennai said to be suffering from health problems as the Metro water supplied to them is allegedly contaminated. For residents in several parts of Tiruvanmiyur Chennai, sewage overflow has been a recurring problem. Besides having to endure stagnant pools, they also suffer when sewage mixes with drinking water stored in [...] Continue Reading »
Birla Sunlife to put Rs 250 cr in realty— three in Mumbai and one in Chennai —through its realty-focused fund. Birla Sun Life to invest in three real estate projects in Western suburbs of Mumbai and one real estate project in Chennai. “We have clocked around 20% return on our investment and hope to do [...] Continue Reading »
The slack in demand due to slower sales and tardy implementation of infrastructure projects has slowed demand for cement used to build reinforced concrete roads, dams, bridges and houses. Leading cement manufacturers have started offering discounts of as much as Rs 10-20 per 50 kg bag in the last two months as slow sales begin [...] 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 »
Sensible economics suggests that if developers can’t sell at high prices, they should cut rates and find buyers. Anecdotal evidence suggests that many builders are selling land holdings to finance loans, rather than cut prices. This too is good, because it will bring more land back into the market, creating further pressure for property prices [...] Continue Reading »
The revenue department has proposed an amendment to the Indian Stamp Act, 1899 to capture the huge change in the Indian economy over the past century. The draft law will be taken up by the cabinet soon. The new stamp duty law worked out by the government says the benefit will lapse one year after [...] 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 »
The Chennai Cops has come out with a list of guidelines to make homes bulgar-proof. In Chennai, after a short spell of rain in the last week of April, the heat is back and many residents have taken to sleeping on terraces sparking fears that summer crimes could also rise. The police say such instances [...] Continue Reading »
