Kelambakkam
The country’s largest manufacturer of hydraulic, industrial and automotive hoses, Polyhose India has gained 86 acre land parcel which earlier belonged to Presidency Kids Leather, nearby Chennai. Under the SARFAESI Act the land was acquired through an auction conducted by Syndicate Bank. The deal size is said to be close to Rs 100 crore, including [...] Continue Reading »
Chennai- Chennai real estate market has been exhibiting positive signs of growth, especially in the suburban areas, owing to the fast development of sectors including IT, financial services, telecom and other allied services, which are the key economic drivers of the city. A 20-25 percent rise is observed in the number of queries over residential [...] Continue Reading »
Property developer Akshaya Homes and Kotak Realty Fund have reportedly signed an agreement to develop Kotak’s 20-acre plot on Old Mahabalipuram Road (OMR), Chennai. As per the deal, Akshaya will take possession of 80 per cent of the developed land on completion of the project and Kotak will possess the rest 20 per cent. The [...] Continue Reading »
Salt production has come down drastically due to raw untreated sewage being let out into the south Buckingham Canal and the early closure of the sand bar at the mouth of the canal where it joins the Bay of Bengal. Over the last 10 years, salt production in Kelambakkam, Thiruvidanthai, Thaiyyur, and Kalavakkam – villages [...] Continue Reading »
Sobha Developers, a renowned realty group based in Bangalore has entered the Chennai real estate market with two projects. The projects titled, Sobha Merrita and Sobha Serene with a cost of over Rs 400 crore in Kelambakkam and Porur respectively. Sobha Merrita spread across six acres of land, cost around Rs 300 crore. It provides [...] Continue Reading »
