Old Mahabalipuram Road
The Old Mahabalipuram Road also commonly known as Rajiv Gandhi Salai or OMR located in suburban Chennai was planed as an IT corridor but parts of vicinity remain vacant giving the impression of a ghost town. A large number of buildings and tech parks located in OMR are vacant as IT companies did not move [...] Continue Reading »
In 1959, Chennai took to the skies with their 15-storied LIC building becoming the tallest building in India. Two years later, the Usha Kiran building rose to 80 meters to wrestle that title away. Now that the Chennai Metropolitan Development Authority (CMDA) has done away with the decades old 60-meter height restriction, the growth spurt [...] Continue Reading »
Investigation has been taking place into National Textile Corporation (NTC) proposal to revive several of its prime properties in Mumbai and Aurangabad by the Central Bureau of Investigation. There is a suspicion for which this investigation is taking place and which is probably that mill land worth over Rs 20,000 crore was being diverted for [...] Continue Reading »
The real estate arm of Godrej Group, Godrej Properties has formed a partnership with SSPDL Green Acres LLP to build up a residential project at Padur on OMR (Old Mahabalipuram Road) on the periphery of Chennai. The proposed project will be near Siruseri IT Park and will be spread over seven acres and 93,000 square [...] Continue Reading »
The stock of Godrej Properties was up 3 percent At Rs 197 after the group has partnership with the SSPDL Green Acres LLP to build a residential project at Padur, Old Mahabalipuram Road (OMR), near Siruseri IT Park, in Chennai. The project is located over the area of 7 acres and provides nearly 93,000 sq [...] Continue Reading »
Hayat Invest, the Kuwait-based investment company has announced its plans to foray into the domestic real estate business with its first residential project to come up near Chennai, under its joint venture Indian partner XS Real Group. S G Prabhakaran, Chairman of the XS Real Group said to the reporters, “Hayat Investment company would invest [...] Continue Reading »
Chennai- The Chief Minister of Tamil Nadu has announced an elevated corridor along 45 km stretch of Old Mahabalipuram Road, IT corridor in Chennai. It is expected to ease traffic and will provide a smooth ride to many IT professionals. In this regard, a detailed project report (DPR) will be prepared by government. Around Rs [...] Continue Reading »
Chennai- With increasing demand for budget housing, developers in Chennai have been focusing on developing budget homes. The government has also directed that a certain section of apartments should be allotted for the economic weaker section (EWS). Recently, real estate developer Akshaya launched its project ‘TODAY’, aimed towards the EWS category, at Thaiyur on the [...] Continue Reading »
A complaint filed by DGCOM Buyers and Owners Association against Delhi-based leading realtor DLF, alleging market power exploitation, has been declined by the Competition Commission of India (CCI). The Chennai-based association had filed a petition with CCI claiming that DLF has misused its dominant market position relating to a residential project in Chennai. The petition [...] Continue Reading »
Chennai- Leading real estate player of Chennai, Casa Grande, has just launched the largest villa project at Thalambur in Old Mahabalipuram Road (OMR). Spread across 18-acres of land in the city’s IT corridor, the project “Casa Grande Pavilion” will offer 350 residential units including independent luxury villas, twin villas and row houses. The amenities include [...] Continue Reading »
