Air India property in Chennai on the block
Dec 31, 2013
Source : The Hindu

CHENNAI: Air India has put on the block a 1.33-acre property in Chennai.It will sell the property located at Teynampet on the arterial Anna Salai through an e-auction on January 21.

Prospective buyers will have to register on MSTC’s Web site — the company is a public sector enterprise and service provider to Air India.

According to the advertisement in dailies, the property is suitable for mixed use development, including commercial and residential development.

The 57,797-sq.ft property, about 24 grounds (2,400 sq.ft a ground), has evoked keen interest among developers because of its prime location. The vicinity is seeing strong commercial development by leading players, including Prestige and Chaitanya. The location is also along the Chennai Metro Rail project — the urban transport infrastructure — coming up in the city.

Latest Realty News

Real Estate Promoters in Chennai,Chennai Real Estate,Real Estate Developers in Chennai
Dec 31, 2013
CHENNAI: The Consumer Disputes Redressal Forum, Chennai (South) has ordered a real estate promoter to refund the amount deducted as cancellation charges from the installment paid by a woman who had booked an apartment in a project mooted by the firm in 2008.
Chennai, the hot spot for new retail ventures in 2013
Dec 30, 2013
CHENNAI: Establishing its position as one of India’s fastest growing markets for organised retail, Chennai accounted for over half of the new property rentals and purchases that took place in the space in January-September, 2013.
Another project on OMR
Dec 28, 2013
CHENNAI: Adroit Urban Developers is set to formally announce the launch of Artistica, a two-acre residential development on the OMR. The multi-storeyed apartments are coming up at Sholinganallur junction to the south of Chennai. Over 145 apartments and coming up on three towers of stilt plus 10, 13 and 16 floors, according to the developer.
Bleu villas at Kovalam
Dec 28, 2013
CHENNAI: The Chennai-based Vijay Shanthi Builders will soon launch a 19-villa project, Bleu at Kovalam on the East Coast Road to the south of the city.
Green revolution of a concrete kind
Dec 28, 2013
CHENNAI: Chennai is seeing a spurt in development of green building spaces – commercial and residential space – earning it the qualification to be called a green city. Increasingly homes and offices are seeing the benefit of sustainable construction techniques and operation and maintenance of built-up space.
What affects your realty investment in Chennai
Dec 27, 2013
CHENNAI: Various macro and micro factors impact real estate investment in a city. Here the author talks about factors that impact property investment in Chennai. However, before that let us understand what these macro and micro factors are
‘Make planning more independent’
Dec 23, 2013
CHENNAI: Architect and urban planner Pushpa Arabindoo has an inter-disciplinary approach to urban spaces. Her empirical research involves ethnographic investigation of urban transformations in Chennai.
IndiaProperty gets $12-m funding
Dec 20, 2013
CHENNAI: Real estate advisory portal indiaproperty.com, held by India Property Online Pvt Ltd, has received its second round of funding of $12 million (around Rs 75 crore) from Bertelsmann, with participation from existing investors Canaan Partners and Mayfield Fund, who got on board India Property in April 2012.
Metro construction damages 212 buildings
Dec 16, 2013
CHENNAI: Metro rail tunneling caused cracks in 212 buildings in the city, reveals an RTI application filed by TOI. The RTI also shows that the damages are not limited to old buildings in north Chennai.
PE investments give cash-hit realty sector a new lease of life
Dec 16, 2013
MUMBAI: Home-grown private equity funds seem to have opened their purse strings again for the realty sector, which is facing a cash crunch.

Latest Realty News Of State

Realty Talk's