real estate 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 »
KG Foundations has launched KG Centre Point, a residential apartments complex in Chennai. This project will be constructed in 7.2 acres of area. 644 residential apartments comprising studio, 2 BHK and 3 BHK apartments will be available in this project in Chennai. The main focus of the developer is to construct affordable housing in Chennai. [...] 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 »
Old Mahabalipuram Road is coming up as a new destination for rental apartments in Chennai. Last year the cost of House rents in Chennai were up by about 10-20 per cent. But this year as the supply of houses are exceeding demands, rental values are subdued on the outskirts. The demands for residential apartments in [...] 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 »
Three real estate builders DLF, Hirco and Hiranandani, have been removed from the builder’s body, the Confederation of Real Estate Developers’ Association of India (CREDAI) in Chennai. The builders were expelled as they were opposing to sign the organization’s ethical code of conduct, mandatory for all the 8,600 members spread across 105 cities in 22 [...] 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 »
Pushkara, the premium lake view residential apartment complex at Old Mahabalipuram Road (OMR) Chennai, has been launched by the Marg ProperTies, the real estate arm of Marg Limited. Pushkara will be constructed over an area of 3.84 acres and will comprises 204 homes including Studio (1 BHK), 2 BHK and 3 BHK apartments over five [...] Continue Reading »
Power stealing is became a practice among the real estate builders and developers in Chennai. Total 34 cases for stealing power have been registered for different property constructions in Chennai. The Revenue collection department for power also has collected Rs 3.93 crore as fine for stealing power from different builders. In 2011-12 total fine collected [...] Continue Reading »
The Prestige Estates Projects aiming to sale Rs 2000 crore real estate projects in this financial year 2012-13. The real estate construction firm has launched many projects across the country. Among the projects the Bella Vista in Chennai is performing good. As of date the group has sold more than 1300 apartment out of 2600 [...] Continue Reading »
