real estate projects in Chennai
There is a good surge in demand for commercial and residential properties in Chennai. This is clearly evident with the decision taken by Blackstone Group Lp to invest Rs 175 crore in a housing project in Chennai after making several investments in rent-yielding commercial assets earlier. Bangalore-based Ozone Group is developing the mixed-use (Residential, Commercial [...] Continue Reading »
South Chennai is coming up with a number of new township projects for possession or nearing possession. These new projects offer a variety of property types ranging from multi-storey apartments, builder floor apartments, independent villas and plots, priced at Rs 2500-3700 per sq ft. An appreciation of 30% has been witnessed since the projects were [...] Continue Reading »
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 state government of Tamil Nadu has planned to set up a Tamil Nadu Infrastructure Development Board to expedite the real estate projects in the state. According to the proposed Tamil Nadu Infrastructure Development Act, 2012, the development board will be the nodal agency to coordinate Government efforts in the infrastructure sector. The main aim [...] Continue Reading »
Alexandria, a four tower residential project, will provide 374 luxurious apartments in Chennai. The project is constructed by ASV Constructions. The majority of the real estate projects constructed by them are into IT Parks and Commercial buildings. The project location is close to the Sholinganallur junction over an area of six acres. The super luxury [...] Continue Reading »
