projects in chennai
The Tamil Nadu Housing Board (TNHB) has planned to adopt Public Private Partnership (PPP) model to develop real estate projects in Chennai and other areas of the state. In the first step, the state government will start its first PPP venture at K.K. Nagar after finalizing bids from private developers. The government also planned to [...] Continue Reading »
The Chennai Metropolitan Development Authority (CMDA) has planned to construct a two storied parking facility at Chennai Mofussil Bus Terminus as the present basement parking lot is choked in the wake of increased demand for parking of two wheelers. The proposed parking facility will be an extension of the existing parking facility that comprises two [...] Continue Reading »
The Madras High Court on Monday gave six weeks’ time to the State government to amend the Tamil Nadu Town and Country Planning Act for dealing with illegal constructions. The government has conveyed to the court its intention to amend various sections of the Act, relating to effective enforcement action and for providing solution to [...] Continue Reading »
Vision India Real Estate has planned to invest Rs 1750 crore in two different apartment projects in Chennai. The company is currently developing a 680-unit apartment project at Padur near the Old Mahabalipuram Road (OMR) in collaboration with Gem Group. Vision India has planned to launch a villa, apartment and plotted residential project on 75 [...] Continue Reading »
It is stated by the builders that the delay in getting clearances for projects is the main reason for escalating the cost of apartments in India. Normally it takes a few months to a couple of years for most projects to get approval. The Chennai Metropolitan Development Authority (CMDA) has introduced the green channel clearance [...] Continue Reading »
The Chennai Metropolitan Development Authority (CMDA) has planned to develop a satellite commercial corridor along the proposed Outer Ring Road. It is a 62-km six lane state highway connecting Vandalur in the south with Minjur in the north. CMDA also planned to appoint a consultant to evaluate the commercial potential and suggest a road map [...] Continue Reading »
It is observed that the Chennai residential property prices have shot up by threefold in four years. Areas like Ashok Nagar, Anna Nagar and T Nagar have boosted the price increase. Started in 2007 the real estate market has grown slowly but steadily. The demand for residential units in Chennai is likely to see a [...] Continue Reading »
The NRI business group Maangalya has invested in real estate business in India. The group Headquartered at Singapore has wide ranging operations in Malaysia, Indonesia, Philippines and India. Maangalya Developers had executed both commercial and residential properties in Bangalore. At present Maangalya has undertaken two Projects Maangalya Ashirwad and Maangalya Prosper. Maangalya Ashirwad is a [...] Continue Reading »
As the builders are claiming that the delays in project clearances are raising the cost of projects, the Chennai Metropolitan Development Authority has planned to introduce an automated system to scrutinize building plans. Scrutinizing building plan takes 3 to 5 days when done manually. While computers will run through the soft copy of the plans [...] Continue Reading »
The builders, developing the mega city in Chennai are struggling to prevent the burglary of construction material from the work site. As a result, the builders are not showing interest to participate in the technical bid for the township projects by the Chennai Corporation. According to corporation officials, small contractors are spreading rumors of possible [...] Continue Reading »
