Chennai
Chennai-based Isha Homes (India) Private Limited is planning to raise Rs.150 Cr through PE to develop two projects in Chennai and one in Coimbatore for a total project value of Rs.500 Cr. Isha Homes is a real estate developer with niche villa homes segment, which entered budget apartments last year. Established in 2004 by Suresh [...] 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 »
With the water demand in Chennai expected to shoot up to 2,248 million litres per day (MLD) by 2026 and rapid depletion of groundwater, the city has to find ways to make the best use of available water. A number of housing projects in Chennai are installing centralized Reverse Osmosis plants for pure water. Some [...] Continue Reading »
Rakindo Developers Pvt Ltd, India’s first real estate master planner and developer, to invest about Rs 300-400 crore in this fiscal (2011-2012) across various real estate developments in Coimbatore. The funds will be generated mainly through internal accruals and customer advances. The investment entails the development of a golf course, a golf academy, a sports [...] 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 »
The Chennai Corporation’s public health department seized 38,750 substandard water sachets from several residential colonies. Local assistant health officers led a team of officials, including sanitary officers, conservancy inspectors and conservancy workers, and visited petty shops. The team also found that 203 water cans, and 795 artificially-flavored juices and buttermilk sachets were of substandard quality. [...] Continue Reading »
Upcoming luxury housing to turn ECR into playground of the rich. ECR also has scores of upcoming small villa projects. But even they are priced between 1 crore and 2 crore, putting them out of the reach of the middle class. The super rich have always headed down the East Coast Road (ECR) for entertainment [...] Continue Reading »
Domestic Consumers of Tamil Nadu electricity board (TNEB) can pay their electricity bills through select post offices. It will come into effect starting April 6 in the computerized post offices. For this service, the consumer will pay Rs 5 per bill as service charge to department of posts. Low Tension consumers of TNEB can pay [...] Continue Reading »
The International Labour Organization (ILO) will mark 100th International Women’s Day. To commemorate Women’s Day in India, ILO will organize a Women’s Mela in collaboration with Tamil Nadu Trade Unions Joint Action Forum (JAF) consisting of representatives of the six national trade unions (AITUC, BMS, CITU, HMS, INTUC and LPF) March 8 at Jawaharlal Nehru [...] Continue Reading »
Mumbai Asia’s 4th costliest place for office space in Oct-Dec 2010 Mumbai has become the fourth costliest city in Asia Pacific for renting a office in the last quarter of 2010. the average annual rentals of Mumbai during the quarter has been estimated at USD 705 per sq mt, the same has been found to [...] Continue Reading »
