real estate in Chennai
It was more than a rumble in the Bronx down south, when a 12 storey building “under –construction” named “TRUST HEIGHTS” crumbled like a pack of cards, shattering the sleep of many residents, killing some and injuring many in Porur, Chennai says a source. Last week as the residents at Porur, Chennai called it a [...] Continue Reading »
Chennai – The builders in Chennai are nowadays preferring to construct penthouses. Penthouses are luxury icon and offer enough privacy with numerous amenities. A penthouse is constructed on the top floor of a building. They are different from rest of the apartments in terms of height and luxury features. Penthouses are located at a higher [...] Continue Reading »
Chennai’s CBD areas observed a downfall in demand for smaller and medium format office spaces with the absorption recorded at around 44,000 sq ft, during third quarter predominantly. The Suburban Business District (SBD) including areas such as Velachery, Perungudi and Mount Poonamallee Road have witnessed restrained demand levels for office space, with absorption recorded at [...] Continue Reading »
Promotion being one of the strongest weapons to market a project increases the visibility of the project. Akshaya Pvt Ltd launched its 150th project, which is the tallest residential tower of Tamil Nadu two weeks ago. This event was launched in order to mark the innovation and even its larger-than-life allure. A 15 ft high model of [...] Continue Reading »
Real estate developer Casa Grande aims to become a 1,000-crore company by 2016 by developing several properties across the region, according to company officials. The Chennai based developer has reported revenues of Rs 130.09 crore last year and is trying to raise the revenue by Rs 240 crore this financial year. The firm’s Managing Director, [...] Continue Reading »
Property consultancy firm Jones Lang LaSalle has reported that in order to attract home-buyers in Chennai, developers are planning several township projects with a host of amenities in the coming months. The existing scenario in Chennai real estate is going to change. The study states that the new ‘game-changers’ include generous landscaping, serene environment, schools [...] Continue Reading »
A recent report by Jones Lang LaSalle predicts that the residential market in Chennai is to undergo a transformation in coming months. So far there has been no scope for the growth of large-sized township projects within Chennai. Developers had been more content with building 12-30 units with limited amenities. The scene is changing with [...] Continue Reading »
According to real estate research firm Liasis Foras, the period between Q4 2010-11 and Q4 2011-12 was characterised by low volumes and high prices. In the period, the demand for real estate in six major markets of India – Mumbai, Delhi, Kolkata, Chennai, Pune and Bangalore – fell by around 40 per cent on an [...] Continue Reading »
Chennai-based real estate firm, Casa Grande has launched a luxury project in Chennai. The project comprises of its signature villas –Casa Grande Auburn in Perungudi. The project is located behind Prince Infocity in perungudi and covers 25 signature villas with lifestyle amenities like Club house, Swimming pool, Party hall and gym. It is available on [...] Continue Reading »
Shri Kailash Logistics Limited is planning to set up a 50-acre logistics park in close proximity to the the Chennai-Kolkata highway. The group is also planning to set up similar project in Bangalore, Coimbatore, Pune and Kochi. The company had planned an investment of Rs 320 crore in expanding its logistics business. They has already [...] Continue Reading »
